SOLICITATION OF CORPORATE CONTRIBUTIONS FOR THE CIA EDUCATIONAL AID FUND

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP76-00593R000100110001-7
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 6
• Document Creation Date: December 16, 2016
• Document Release Date: August 18, 2005
• Sequence Number: 1
• Publication Date: August 19, 1974
• Content Type: MF

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19 AUG 1,974
MEMORANDUM FOR: Director of Central Intelligence
SUBJECT Solicitation Of Corporate Contributions for
the CIA Educational Aid Fund
1. Per your request, we have investigated current and past
Agency practices with respect to the solicitation of contributions
from. corporations and outside individuals for the Educational Aid
Fund (EAF). Historically, a 15 April 1964 memorandum from the
Office of the General Counsel contained the statement that "it would
be proper for the EAF to solicit donations from persons and incor-
porations with whom the Agency is doing business." However, the
memorandum went on to caution against overzealousness in the
sense that prospective contributors should not be left with the
impression that they could expect any special considerations or
benefits as a result of their donations. The newly constituted EAF
Board of Trustees held its first meeting on 21 April 1964 and
accepted the proposal that contributions to the EAF may be solicited
from outside the Agency. The Board of Trustees agreed to compile
a list of Agency and OSS alumni who were considered to be good
prospects and to approach them for donations. Although the list
was compiled and the subject was enthusiastically discussed at a
number of subsequent meetings, it appears from the records that
nothing of any substance or significance developed until Mr. John
Bross, Chairman of the EAF Board of Trustees, met with Mr. John
A. McCone in the latter part of 1970.
2. On 16 November 1970, Mr. McCone agreed to give
$50, 000 to the EAF over a period of 10 years and to undertake a
fund-raising campaign in New York in February 1971 among al.unuii
and others interested in intelligence activities. The latter included
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