TLS as president, one page, 8 x 10.5, White House letterhead, April 30, 1941. Letter to Georgia Warm Springs Foundation member Basil O’Connor regarding land purchases in Georgia and a small bookkeeping discrepancy. In part, “It seems to me, as the figures on these different parcels of land differ slightly…we should take my figure instead of the deed figure. The reason for this is that my figures come directly from my own checkbooks, thus representing actual ‘out-of-pocket’ cost to me…I want to lean over backwards and not charge the Foundation a penny more than I can prove I paid for the property and, therefore, I think it best, in the absence of evidence, that the Foundation but the property listed for the $9,689.23.” In 1927, Roosevelt established the Georgia Warm Springs Foundation as a non-profit corporation with himself as President, Basil O'Connor as Treasurer and Louis Howe, Franklin's political advisor, as trustee. To cover himself financially, he also took out a life insurance policy in favor of the new foundation, which at the time of FDR's death, paid off a $200,000 demand note held by George Peabody. In the Fall of 1928 when Roosevelt was elected Governor of New York, O’Connor assumed the presidency of the Warm Springs Foundation. From then on, it would be O'Connor's philanthropic “baby.” In fine condition. Auction LOA John Reznikoff/PSA/DNA and R&R COA.
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