The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1913-10-03
YALE INCOME OF
YEAR SI,658,385
Report of Treasurer Shows To-
tai Gifts of $1,418,935 For
Period Ending June 80.
TEACHING FUND DEFICIT
Forest School Only Profession
al Branch Without Deficit
Dining Hall Shows Slight
Surplus.

The report of the treasurer of Yale
university for the fiscal year ending
June 80, 1913, shows total gifts and
requests to both income and princi-
pal during that period of S1,418, 935. 81,
with a net increase of 81, O54, 868.53 in
funds. The addition for 1911-1912 was
considerably less, netting but $685.
312.45. But it should be noted that
this increase Of funds, welcome as it
is, in its indirect effect whereby uni
versity general income will be released
from the burden of Appropriations
for various projects eminently desir-
able but for which inadequate endow-
ment exists has not quite the hex-
Utility which would have resulted had
every case without restriction
For the university considered as a
teaching organization only, there Is
deficit of $19,224.97 for the year, ex-
t1nguished, however, by accumulated
income available for such purposes in
departmental accounts or special
funds. With the exhaustion of the
former the treasurer points out the
proba bility of a deficit for university
account unless there shall be further
increases of funds, and emphasizes
particularly the needs of the Medical
and Divinity schools, of the Peabody
museum and of the Yale University
Press. In the dining hall the average
attendance has risen from 789 last
year to S63, and the institution has
been just self-supporting in the place
of having a loss of So, 501.76 in 1911
1912. The principal gifts of the year
have been from the~Francis Bacon es-
tate, 1886, 987.58 of which 1921, 493.16 is
for the library; Edla J. Mcpherson
bequest, 1858, 255. 80, and Samuel H.
Lyman legacy, $S1, $50. "a; both for the
help of needy students; Emily F.
Southmayd gift of $125,O00 for Law
school professorship; total alumni fund
gifts to principal and income of $780,
78419; and Albert Seessel bequest of
$42, 772.72 for work in biology-a sim
liar amount having been left by him
to the university of Leipzig. The re-
port shows total investments of the
university to be $14, 376 036.69, with an
average yield of sol per cent.
FOREST SCHOOL UNIQUE.
Attention is called again to the fact
that the Forest school is the only pro-
fessional school which closed the year
without a deficit. The total univer-
sity appropria lions this year to meet
such deficits amount to $43, 083.43 as
compared with $32. 091. SO last year. The
appropriations for special purposes for
the benefit of various departments
amount this year to $S2, 863-26 as
a gafntst $34, 386.O5 fos last year.. There
is an increase of $3.50 this year in the
ton to the various departments for
salaries $72, 600 against $71,95O last
year, so that the total contribution
form. the university general income to
the assistance of the departments, not
including the graduate school, is $14S,-
54e.69 as compared with $138, 427.74 last
year.
DINING HALL AT PROFIT.
The dining hall closed this year with
a small credit balance, $79.31, which
the treasurer well says reflects great
credit upon the superintendent, Mr.. E.
G. johnson, for his careful manage
ment. While it is unquestionably de-
sirabIe that the dining hall should not
make a large profit from the services
rendered the university community, it
is still more desirable that there should
be no deficit. The dining hall is prac-
tical1y a cooperative eating club, but
in view of the volume of the business
done (the total receipts of the dining
hall were $1S8, 1880, the avoiding Of
both profit and loss and the striking
of an absolute balance is an inpossi-
oility. The amount of the dining halls
purchases of supplies from New Ha-
ven merchants II per cent. of the to-
tai purchases of supplies, was $96, 34S.-
80, as against $50, $50. 45 last year.
Here are the principal sources of in
come: Tuition, ETC., $5o1, OO6.57; dormi-
tory rents, SITS, 900. 81; gifts of income,