Word: funds
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Dates: during 1910-1919
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...Mobile Fund Advocated...
...Next, the University needs a permanent mobile fund of $1,000,000, to yield an income of $50,000. This fund would be kept unpledged to meet emergencies which arise requiring special work, or to obtain exceptional teachers. Harvard is more seriously handicapped than people generally realize, a state of affairs which is strikingly illustrated in the fact that of the income from the invested funds of the University in the last fiscal year, amounting to $1,664,153.34, only about eleven per cent., or $178,772.86, was unrestricted. The balance was tied up by the donors to specific objects...
...Although America has made tremendous strides in education, the need and the opportunity are greater today than ever before for this work. Harvard desires to found a Graduate School of Education. The General Education Board has pledged $500,000 provided a fund of $2,000,000 is raised. $500,000 more is available leaving $1,000,000 more to be raised. With the starting of this school, Harvard will do a tremendous work in training teachers for the educational systems of America...
...Harvard Endowment Fund is seeking first of all to raise money for unrestricted funds and not for construction purposes. Therefore in the campaign it is laying stress only on the $15,250,000 which is needed for endowment and the other needs are mentioned to indicate what the University, must have to go forward...
...Mobile fund to be kept unpledged to meet opportunities which arise for special work or the obtaining of exceptional teachers, income $50,000; capital...