The Barre daily times. (Barre, Vt.) 1897-1959, 1916-08-25
Latest Contribution from
the Washington Benefac-
tor Brings the Permanent
Endowment of the Semi
nary to S160,000 Trus-
tees Were Given a Very
Pleasant Surprise

Announcement was made to-day of an
additional gift of $4,000 to Goddard
seminary from Ira c. Calef, the well
known Washington philanthropist, the
money having been conveyed to Harvey
+. Averill, treasurer of the institution,
through the medium of a letter received
Thursday afternoon. The gift makes a
total of $4,000 donated by Mr.. Calef to
the seminary since June | and trustees
OF the school were reckoning to-day that
the institution has benefited by Mr.. Ca
lef's magnanimity to the extent OF S60,-
600 since he became member of the
board of trustees in 1874 Accounted in
dollars, Goddard's good fortune rounds
out an even 100000 which Vermont in
strtutions have received from Mr.. Calef
since the beginning of the year, hospitals
in Barre. Montpelier and Burlington hav-
ing received 100000 from him within a
few months.
The sum of $4,000 of Mr.. Calef's lat
est gift to the seminary is to be added to
the permanent fund, the income to be
used yearly as the trustees may decide.
The balance, $4,000, creates the Calef
State fund, the interest of which is to be
applied yearly to pay tuitions and all
expenses, except board and washing. of
students residing in the state of Yer
mont The latter fund is similar to the
Calef Washington fund of $1,000 estab-
llshed some years ago, the income of
which goes toward the education OF stu
dents residing in the town of Washing
ton who may apply at the institution.
With the $4,000 received yesterday from
Mr.. Calef, the school now has a perma-
nent endowment fund of 100000. Al
ready the registration for l9l6-lol7 at
the institution is the largest in its his
tory and when the doors swing open for
the fall term on the morning of Tuesday,
Sept. IL, Goddard will enter upon a
bright era in her mission among the
youth of Vermont.
No inkling of the surprise Mr. Calef
lad in store for the trustees on the
threshold OF another school year was
conveyed to the officers of the school In
Iune he made known his desire to see
he balance of the debt incurred in erect
ng the new building on the Hill cancelled
nd to that end he gave $4,000, with the
eservstion that the balance left after dis
harging the debt be applied to the gen
raj account. Around $500 remained
2,500 was diverted to the general ac-
cunt.
Mr. Calef's large hearted purpose was
ouched in the following characteristics
lnguage:
Washington, Vt. Aug. "a, 1916.
To the Trustees and Treasurer of
Goddard Seminary, Barre, VT
Gentlemen:
Il hand to your treasurer to- dav nv
neck and bonds, face value of twenty
lousand dollars, the interest or income
} be used yearly as the trustees may
scide is best for the continuance of edu-
ltion in the institutions; the principal to
main as a permanent fund
Il also hand to your treasurer ten
lousand dollars in municipal bonds, said
mount always to be kept invested in
unicipal bonds and known as the Calef
tate fund. The interest of this to be
1plied yearly to pay tuitions and all
.penses, except board and washing. of
e students residing in the state of Yer
ont who may apply for same and be
commended to the executive committee
: the principal, if the committee ap-
owe of the same. The entire interest
ay be so given yearly to children who
4y apply for it and the Executive COM
ttee. as best able to decide. may give
reject the applications. 1t is my in
ntion that students unable to pay tut
N shall be so helped in place of incur
u a debt. to be paid no one knows
len. If said interest is not so used
arly. il may be used to pay expenses
the school. ] leave this in the hands
the trustees of Goddard seminary;
ping it may be a help to many boys
d girls for generations to come
Respectfully Yours.
fSigned Ira {. Calef"