Word: endowments
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...fund raising campaign to endow a chair in Armenian studies at the University will receive added support with a 13-city speaking tour, beginning this week, by a representative of the supporting group...
...note that Fund President Hutchins has confused liberty with license, is the "ponderous pixie" who uses endowment for current whims. Why not endow the study of the love life of lefthanded caterpillars? That would do no harm and would give employment to plenty of pixies...
...expand by 25 per cent do we increase the faculty, including full professors, by 25 per cent, and if so, how much will this cost with $400,000 now required to endow a chair? How much more scholarship endowment will be needed to maintain the present ratio of scholarship holders? At least two more Houses would be needed, at $5,000,000 a piece or more. Where do we put all these now Houses? Lamont is jammed now. Do we build another Lamont, and if so where do we put it? Do we build a second Indoor Athletics Building...
Bundy added, however, that he would like to free this money for other uses by "getting people to endow the whole athletic operation." A capital investment of 10 million dollars would earn enough yearly interest to put the H.A.A. in the black and keep it there indefinitely, he said...
Although there is a Charles W. Eliot Fund to endow instruction in landscape gardening at the Design School. Dean Sert said that this would not be used for Eliot. The Chair will be financed through the Robinson Fund instead...