G jt 64-- /*rary. Donor Miscellaneous Funds Gymnasium Fund, Marshall Woods Lectureship, Olney Fund for Plants, "Wilson Physical Apparatus, Museum of Natural History, Alumni Development Fund, Class of 1868, Classical Art Fund, Bailey Botanical Fund, G. A.R. Fellowship Fund, Total,* Total Funds exclusive of Aid and Scholarship, etc., Aid, Scholarship and Prize Funds, ♦ Total Funds, ♦♦♦♦♦♦ (For details see Treasurer's report April 15, 1899, ) Subscriptions, $34,320.25 Marshall "Woods, 10,416.61 S. T. Olney, 10,000.00 George F. "Wilson, 13,500.00 174.31 1,655.02 Class of 1868, 1,000.00 Subscriptions, 1,000.00 Members of G. A. R. 10,000.00 4. Mis- cellane- ous. , $82,066.19 . $922,056.61 , 236,620.05 $1,158,676.66 5. Aid and Prize. Not all the above $1,158,676.66 is available for the general running expenses of the University, as certain of the funds are by the terms of the gift, to be capitalized until reaching specified amounts, and others are in the form of aid, scholarship and prize funds* The total funds of the University April 15, 1898, were $1,125,685*03* (This date is taken to make possible comparison with other colleges of which Treasurer's reports for \ 899 are not Avail- able Funds. yet issued.) Of this amount there was actually available for the general running expenses of the University, $762,912.00, which yielded an income of $42,502.00 for that year. As shown by the Treasurer's reports of the Universities already cited, the condition was as follows: Productive Funds % 1888 1898 Increase Increase Com- parison Brown, $ 581,768 $ 762,912 $ 181,144 Z\°lo with other Harvard, 4,328,885 7,350,059 3,021,201 69% Col- leges. Yale, 1,775,475 3,223,609 1,448,134 81% Amherst, 784,533 1,100,000 315,467 40% A resume of the conditions will be helpful in showing Brown's position. PER CENT. OF INCREASE 1888-1898 Faculty Students Productive Funds Brown, 227% 245% 31% Harvard, 155% 106% 69% Yale, 119% 84% 81% Amherst, 18% 6% 40% Stated in another form, the productive funds of Brown have increased only 1-8 as rapidly as the student body and 1-7 as rapidly as the faculty, while in none of the other institu- tions have the funds increased less than 1-3 as rapidly as the student body nor less than 1-2 as rapidly as the faculty. THE PROPOSED ENDOWMENT FUND The facts given above showed an urgent necessity of a large and immediate addition to the productive funds of the University and the problem of making these funds more nearly adequate to the growing needs received earnest consideration from many alumni and friends. At the meeting of the Sons of Brown in Boston and Vicinity, Jan* 26, f 898, a vote was passed to undertake the raising of the sum of two million dollars as an endowment* This plan was endorsed subsequently by the other associations throughout the country, and committees were appointed to take the matter in charge* These committees began their work late in J 898 and E **™ their efforts have met with gratifying response* The Corporation of the University responded first to this movement and on February 1st, J 899, about one-quarter of the first million had been subscribed, for the most part by members of the Corporation* POLICY OF THE CORPORATION On June 22, 1899, the Corporation passed the following resolution x 44 Whereas, Brown University is in pressing need of a large addition to its endowment in order that the existing departments of its work may be brought to r at&n the highest efficiency* therefore Policy. Resolved, That this Corporation fully endorse the movement of the Alumni to secure an addition of two million dollars to the funds of the University — with the understanding that our primary object in the use of University funds will be (unless otherwise directed by individual donors), to improve the thoroughness and efficiency of work in the departments already established." On July Uth, J899, the Rhode Island Committee on Endow- ments passed the following resolution, which was afterwards approved by the General Committee : " l&sofoed. That this Committee believe that the principal of the Endow- Method ment Fund of 1900 should be kept intact, and that the income alone should be in* En" used for the general purposes of the University/' m e^ t \ In accordance with the vote of the various committees on the Endowment Fund, the following form for conditional sub- scriptions was adopted : BROWN UNIVERSITY ENDOWMENT " Whereas, Brown University is endeavoring to increase its endowment by a sum of two million dollars in addition to the amount held on January 26, \ 898, and others than myself have subscribed to such increase ; Now, in consideration thereof, I hereby promise Brown University to pay said University for said purpose the sum of Dollars, payment to be made at my option either in full within sixty days after notice from the Treasurer of Brown University that such two million dollars have been fully subscribed for or otherwise contributed, or within one year after such notice, in four equal quarterly payments; provided, however, that this promise shall be void if said two million dollars shall not have been fully subscribed for or otherwise contributed before the close of Commencement Day, A, D. \ 900. Witness my hand and seal this day of , A. D., J89- • Seal/' sum- The facts herewith presented prove Brown worthy of a liberal support* Her illustrious past and growing reputation have attracted students in increasing numbers, and with the broadening of the fields of culture and science, the resources of the University have been taxed to the utmost. Brown has always given a sound and thorough education, but to ^ivc such an education to four times as many students as she had a decade ago with only about one-third more funds is the problem that now confronts the University* It is believed that the proposed increase of the Endowment by two million dollars, when used according to the intention of the Corporation, will make it possible for Brown to take the lead in academic 'work in science, philosophy, language and all those studies classed as culture studies* With the splendid work already accomplished, Brown may appeal with confidence to all those who feel the desire or duty to promote the public welfare and higher education. Additions to the general funds are, of course, most needed, but there is also need of special funds for the endowment of professorships and fellowships, for the purchase of books for the library, and of apparatus for the various departments* Any inquiries for further information may be addressed to the Secretary of the Associated Alumni, Brown University, Providence, R. I.