Word: kaufmann
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Dates: during 1970-1979
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Robert E. Kaufmann '62, associate dean of the Faculty for finance and administration, said this week he doubts the fund will meet the $4.8 million in unrestricted funds the Faculty counted on for its budget next year...
...feel we'll still be able to balance the budget because of other factors," Kaufmann added...
...Kaufmann said unrestricted money made 75 per cent of the College Fund's contribution to the Faculty in 1972, and only 55 per cent this year. But Clifton said the unrestricted figure was at a temporary low because of bookkeeping quirks, and would soon rise to more desirable 65 per cent level...
Although the fund has increased its total contributions to the College each year, unrestricted income has not increased as quickly. This makes it more difficult to balance the College budget, Kaufmann said...
...Kaufmann added that he does not regret the trend, because the additional endowment income will benefit the College in the future...