Word: funding
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Dates: during 1920-1929
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...arrangement has been concluded with the Aetna Life Insurance Company, which is handling the Senior class fund endowment insurance, offering the opportunity of paying the total of the premiums in a lump sum at the outset. This plan, which is designed to save the trouble of paying premiums throughout a period of 25 years, calls for a payment of about $130 for every $250 in the face value of the policy. When this policy matures in 1950, it will represent the original $130 with about four per cent interest. The payment of the premiums in a lump sum effects...
...great advantages of the endowment insurance system," said Mr. James Woodhouse, of Woodhouse and Jenney, managers of the Aetna Boston agency, in a statement to the CRIMSON yesterday, "is that it relieves the class treasurer of absolutely any work in the collection of the class fund for the whole period of 25 years. We take all the responsibility of collecting the premiums every year from each member of the class of 1925 for the fund in 25 years will mature in an endowment of $150,000, if enough policies are taken out. In the case of lapses of payment...
This endowment insurance plan was chosen because of the distinct advantages it has over other plans. It has been found to be safer than any other method; the dividends will amount to more than under other plans; the management of the fund and the work of collection are assumed gratis by the insurance company; every member of the class will feel personally responsible for paying the premiums on the policy from year to year; and, lastly, the gift will be representative of the class as a whole instead of being made up of donations of a wealthy minority...
...believe in this plan and believe that it is workable," said Horace S. Ford, Bursar of Technology, in a statement to the CRIMSON yesterday. "In considering these plans, you have to look 25 years ahead and see what the total fund will be then...
Twenty-one professors in the University will receive awards from the Milton Fund for Research, it was announced yesterday. This fund, consisting of an income of about $50,000 was given to the University by William F. Milton...