The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-10-28
Oil Magnate's Higher Educa-
tion Board Promises $751;
600 if the College Raises a
$325,OOO Fund.
PLAN PROPOSED TO
BOARD BY COLLEGE
Application Was Made Only
Three Weeks Ago--Earl-
ham One of Six Colleges to
Get Financial Help.

Toward realization of the plan OF
President r. L. Kelly and the board
of Earlham college to enlarge the
scope of the institution and make
possible better facilities in employ
ment and retention of the ablest edu-
Gators and placing the institution on q
sound financial basis, the trustees of
the John D. Rockefeller fund for high
er education on Friday determined to
advance $4,000 to the local college iE
event the institution was able to sui
scribe 1926. 900 in addition for the per-
manent endowment OF the college.
Although President Kelly has only
been informed of the action Of the
Rockefeller board through press dN
patches, he declared that he anticipat-
ed the action, and divulged the plans
so far as have been prepared to ad-
vance the institution far above its
present grade. The press dispatches
give but meagre information as to the
conditions surrounding the gift.
Plan Of Trustees.
At the regular June meeting of the
board of trustees of the college, q res
olution introduced by President Kel.
ly was unanimously adopted by the
board. The sense of the resolution
was to increase the permanent endow'
ment fund 100000 over the present
endowment of $355,OOO, within three
years. If raised this will make the
total endowment $755,00O. 1t was
pointed out by the president Of ~, in
stitution and his opinion was concur
red in by the trustee, that with 4 lar
ger endowment. the college would be
on q sound financial foundation. II
would be able to pay large sateries
among other things. aud could there
FORE obtxfn tle best 65f q
members Of the faculty. FaEther
more, it would be able to enlarse th<
curriculum of the college and other
wise broaden its scope.
Correspondence was at once started
by President Kelly with the Rocke
feller higher education board. Owing
to a prescribed formula, demanded by
the Rockefeller board, applications OF
colleges for assistance must include
statistics for ten years back, showing
the enrolment and number of grad
yates each year, the total receipts
receipts and much other data. The ap
plication of Earlham college was not
handed in until about three weeks ago
and the college officials were sur
prised at the quick results of the high
er education board in considering the
application. Earlham's petition was
one of twenty-four and the college was
one of six which the Rockefeller
board decided to help.
President Kelly expects the insti
tuition will be given ample opportun
ity to raise $325, 900 in order to re
ceive the gift of $4,000 from the
Rockefeller fund. The committed
named by the trustees at the june
meeting to have charge of the worl
includes President Kelly, chairman
Timothy Nicholson and Amos X. Hal
lowell of Indianapolis. This commit
tee will meet soon and arrange To-
the method of raising the fund. 1t II
likely that all of the $325,0O0 will b.
secured from members of the Friends
creed. Although it has not been de
cided, it is anticipated no popula
subscription campaign will be at
tempted. The members of this com
mittee and the trustees have no doub
but that the task of raising the need
ed funds in order to receive the Rocke
feller gift will be comparatively easy
though it will take time, possibl.
three years.