Word: donors
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Dates: during 1920-1929
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Besides being an executive officer of Widener Library, the late Professor A. C. Coolidge '87 was throughout his connection with the University a liberal donor of numerous volumes of divers classification to its stacks...
...whole problem of college tuition and whether or not the student should pay the full cost of education, recalls the prophecy made last spring by John D. Rockefeller Jr., that the day of the large donor was coming to a close, and that universities must eventually become self-supporting. At Yale, even with the forthcoming increase, students will still pay less than half the cost of education. At Harvard the percentage paid by the individual must be even smaller. Though the total endowment is much larger than at Yale, the drain of graduate schools and work is greater here...
...custom, on the increase for the past few decades, of making conditional gifts to educational and other institutions, is on the whole sound. Such gifts act as a "starter" and give both possible future donors and those working to raise funds an additional incentive. gifts made conditional to the raising of further donors and those working to raise funds an additional incentive. Gifts made conditional to the raising of further funds also guard the donor against the danger, proved in the past to be very real, of having his money spent on a basement or foundation, the rest...
...indoor athletic plant about which there has been so much discussion recently provides a classic example of the unwise use of the conditional gift. A donor, as yet anonymous, has offered to present the Harvard Athletic Association with one third the estimated cost of erecting such a building, estimated at present at about one million dollars. The site that this building is to occupy has already been chosen and plans have tentatively been drawn, while Mr. Bingham and his aides are attempting to raise the some $600,000 that are still necessary for the structure's erection...
...earlier than the rest of the building. That this building will eventually be completed in its entirety can not be doubted, for all things, even Hemenway, must some day end. But the swimming pool seems to be the most needed of improvements, and were the gift of the anonymous donor not made conditional upon the prior raising of the total fund of a million, work might be begun at once...