New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-15
YALE'S FINANCIAL YEAR.
Tre0surer's Report Shoes Big In
crease III UniUerSitys Funds.

New-Haven, Jec IA (speciaD.-The annual
report for Yale university was issued yesterday
by Treasurer McClung for the fiscal year ended
July 81 1905 It is one of the best financial
statements yet issued at Yale. The report shows
increases in the year of 81 347. 1876. of which 81
100000 was the individual gift of John =.
Rockefeller. OF this sum all but S2'ooz
represents endowment funds The Rockefeller
gift still remains on interest bearing deposit
and has not yet been invested.
The gifts to the university income have oeen
S48 SO9 Of which $23.027 came from the alumni
Among these and not hitherto published are
S33 775 for the Yale In1rmary collected by
women in Chicago, Cleveland and New-Xork'
and of this sum S31, 600 was collected by Mrs
Dimeck and Miss Jennings OF New-York. The
sum of $4,000 was given for the university ex-
tension and endowment fund. There were three
anonymous gifts of $1,000. $500 and $500
The Ann S. Farnam fund, from the legacy OF
Mrs Farnam, is for the first time given as ST.
SO There was also gift of $4,000 from Guy
B. Miller The university itself paid over in the
form of cancellation Of advances the sum OF
$15, O35 to the Theological Seminary which raised
an equal amount thus placing itself free from
Indebtedness to the university. The gifts TO
university funds also include $31.773 from the
alumni.
Inc total TunQS ana assets OL ILO O1AAFSASANS'
including all departments amount to $7.4421l4
From these the Bi-Centennial and Lampson
building funds have been removed as no longer
available. 1t is now said for the first time that
the Bi-Centennial building fund, amounting to
81, O67, 267, has been overexpended by the sum
Of $218, 463. and the Lampson Lyceum building
fund, amounting to $161,929. has been overex-
pended by 81 1893 in the construction Of that
building.
GENERAL FUNDS
The general funds OF the university are now
So 341, 454; the special funds. 1857 SS2; pro-
fessorship funds 81, 2800S9; fellowship and
scholarship funds, S1.220,O69 building funds,
$50 767; libraries funds $517 S52; bills payable
$4,000. The investment is as follows: Personal
bonds secured by mortgage. $1,4S9, 261; railroad
bonds s., 800. 81; corporation bonds other than
railroad, $S1SS0O; stocks, $371 z87; real estate,
$727, 174 subscription notes and copyrights, ST.
900: premium account, $79.710; advances for
lands buildings and permanent equipment,
S797, 715; treasurer, 81 100000
The deficit TO" the current year was SIT 39S
for the whole university, compared with SAL
926 last year When the John d. Rockefeller
million is invested it is expected that the income
will more than wipe out this deficit. The def
icit in the university income and expense &C
count was S34, 132. The dining hall accumulated
deficit is S9S549, of which about $1,000
may be shortly collected. Last year 1t was S1Ul,-
691 The funds and assets of the university
show accrued deficit of $235,095 which rep
resents the figure which. If paid, would clear the
university from debt.
The years income was $901.42 which in
Guided S457, 1872 from term bills and students
charges; S29S,952 from Investments $S0362
from dornitory rents: S4S,709 from gifts; S1S,-
S6S from sundries On the expense side were
paid out S453,346 for salaries for tuition, as
compared last year with $424,012; other salaries
not tuition. S11SS46; assistance TO students
SIG, 632, as compared last year with SlZ6a9;
care and maintenance of plant $359J0; an
nuities, SIT 773: besides running expenses and
department accounts.
In the near future, and since July 81 last,
there will be increases to Yale's funds as fol-
lows: Two hundred and fifty thousand dollars
from the estate of the late Levi G. Vets or
Hartford Conn.,. two thirds of the income from
which becomes at once available for the Shelf
field Scientific School; 100000 in gifts from
alumni; $4,000 in an anonymous gift; as wen
as fine balance of the Ross Library Building
fund, estimated at 100000. soon to come in.