The San Francisco call., 1907-01-31
UNIVERSITY FUNDS
WELL INVESTED
Rate of Income on Endow-
ment Pool for the Clos
ing Year 500 Per Cent
SECRETARY'S REPORT


BERKELEY. Jan. 3o.-Rich men and
women of California who contemplate
making gifts to the State university.
and others who have the coin without
the intention, are assured by Acting
Secretary Victor Henderson in his an
nual report TO the university regents,
just issued, that greater productivity
is assured an endowment given to the
University OF California than would be
possible with practically all the other
leading American universities. The
rate of income on the endowment pool
last year was 500 per cent, or from
to per cent higher than the income
rate on endowment netted by most
American universities"
Eloquent stories are told by Secre-
tary Henderson's figures, culled from
his report, which discusses the fnan-
cial condition of the University of Cali
fornfa, it's resources. the value of its
property, the care of its endowment,
its sources of income, and the compare
tive cost OF its varied activities. The
University of California is declared TO
be "a national university, a State uni
versity, a privately endowed univer-
sity.' OF last years receipts 26.7 per
cent came by gift of private citizens;
III per cent from an endowment in
large part created by such gifts in the
past; 81 per cent from the nation; 4S.4
per cent from the State of California; !;
81 per cent from the students, and 3.3
per cent from all other sources.
OF the endowment Of the university,
1888 per cent came from the United
States through its land grants; 1913
per cent from the State through its
conveyance to the university OF nation
al land grants; 57.2 per cent from the
generosity OF individuals; 6.7 per cent
from the capitalization of savings and
income, and 1.S4 per cent from all other
sources.
The income available during the
year ending June 80 last, for the cur
rent educational and administrative
expenses Of the university. was $615,-
21s.S9. The moneys for the support
of the Lick Observatory, anthropologi-
cal research, the symphony concerts
and the Wilmerding Trades School, and
for permanent Improvement work,
brought the total income for the year
to 51,870.94; including, however
gifts for endowment and gifts of real
estate and improvements. the total re-
ceipts for the year were $1,094, 4,7S7.64.
OF the outlay for the year, $617.759.61
was devoted to the current educational
and administrative expenses. OF this
total, $83,927.57 was dedicated directly
TO agricultural work-that is, about
one-fourth as much as was spent on all
sS51,ss4.4s representing the support of
the other Berkeley departments The
expenditures of the university for. all
purposes during 1905-6 were S916,-
664.S7, this figure including building
operations, the Wilmerding School, the
Lick Observatory and all other univer-
sity undertakings.
The assets OF the university are re-
corded in the annual balance sheet as
$9,302, ,47e.2s. or this total the princi-
pal items are: Real estate and i'm
provements. s3.947.O1774 income pro-
ducing investments So 461, ,S6910; equip
ment Cncluding library), S1.4S1, 1851.
Discussing his report, Secretary Hen
derson says:
proper agricultural building. adequate
university Ibrary-these the most urgent
material needs of the university While fourth
OF the Berkeley educational expenditure is for
agriculture. the housing for this complex and
important work in miseTably cramped. At the
universities OF Minnesota. Wisconsin and Illi-
nos the agricultural plant represents an invest
ment OF a quarter Of million to million dol
lars.
Mining instruction at Berkeley viii be housed
hereafter in a superb half-million dollar edihce
woman. Surely II is shameful that the pursuit
of agriculture, followed by a fourth part of the
people Of California, and the basis of the vel
fare Of all Of them should have for habitation at
the university one little frame building and two
sheds, the three valued the books of the
university at $1,000 For a permanent agrcul-
/ turai building $250000 has been asked of the
present Legislature. The place designated on
old football field. The building would face
north and be of the first reached by all
coming to the university through the chief ap-
proach TO the campus-from the west.