The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1907-01-19
FACTS CONCERNING
THE CARNEGIE
PENSION
How the Fund Was Started
Professor Woodwork Was
Voted Pension.

In connection with the retiring pen
sion of $1,000 Year for life which
was voted to Professor Woodwork by
the Carnegie Foundation for the Ad-
vancement of Teaching, the announce
ment of which reached the University
but day or two after Professor
Woodworth's funeral, the following
facts may be of interest. Mr.. Carnegie
announced his purpose to establish
such foundation in letter dated
April 10th, 1905 and addressed to
twenty-five trustees whom he had
previously selected. In this letter Mr.
Carnegie transferred to these trustees
and their successors $10000.000 of
per cent first mortgage bonds of
the United States steel Corporation.
yielding an annual income of 100000.
In this letter Mr.. Carnegie specifcal-
ly excludes from the benefits of the
foundation strictly sectarian institu-
lions and states that he does not VEN
ture to include, although he does not
exclude, institutions maintained who'll
ly or in part by the state. Their final
inclusion or exclusion is left to the
trustees and is likely to be determined
at the next meeting of the executive
committee. The National Association
of State Universities at their Baton
Rouge meeting appointed committee
consisting of President Van Hise of
the University of Wisconsin, and the
secretary of the association, President
Fellows of the University of Maine.
to make formal application to the
Trustees of the Foundation on behalf
of the National Association of State
Universities, for the admission of the
state universities on an equal footing
with the non UNCONVENTIONAL colleges
and universities of the county. The
opening and closing sentences of Mr..
Carnegie's letter read as follows: II
have reached the conclusion that the
least rewarded of professions, is
that of the teacher in our higher edu-
cational institutions hope
this fund may do much for the cause
of higher education and to remove
source of deep and constant anxiety
to the poorest paid and yet one of the
highest of all professions"
Thus far fifty colleges and univer-
stiles of the United States and two in
Canada have been placed on the list
of accepted Institutions. OF these, II
each are located in Massachusetts and
New York, in Ohio, in Wisconsin,
2 each in Connecticut, New Jersey and
Vermont, and one each in eleven
other states, the province of Quebec
and Nova Scotia. Thus far retiring al
lowances have been conferred through
accepted institutions upon as profess
sors and eight widows of professors,
and upon IS professors not connected
with accepted institutions. So persons
are now receiving from the Founda-
ton an average of 1881 each per
year. AS rule, the retiring pension
has been placed at SO per cent of the
average salary of its recipient during
the last five years of service, while
widows are granted approximately
one-half of the retiring pensions which
would have gone to their husbands.
In accepted institutions recipients of
the pension must have reached the
age of sixty-five years.
It may be interesting to note that
the average pay of professor in de-
nQminational colleges as shown by
data gathered by the Carnegie Found
alton is $1,1S0; in state institutions,
81, 1877, and in nondenominational edu-
cational institutions, $1,907. It is
generally conceded that the Carnegie
Foundation stands as the wisest of
AL Of Mr.. Capnegies benefactions.