Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-01-06
COLLEGE REACHES
GOAL IN CAMPAIGN
FOR LARGER FUND

For Two Hundred Ihou-
sand Dollars Additional En-
dowment = New Years
Greeting From Board.
The following statement from the
Board of Trustees of jamestown
College relative to the completion of
the campaign for two hundred thou
sand dollars additional endowment
and the future needs of the college
was made public today.
AS the old year rings out the
great campaign for $200,0O0.OO ad-
ditional Endowment for jamestown
College closes with a great victory.
We are glad to make this announce
ment, and we are sure that all per-
sons interested in the success of the
local institution will rejoice with the
Board of Trustees in the consumma-
tion of this endeavor, especially
cess.
The Board of Trustees met yes
terday and tabulated the results and
following letter to the Secretary of
the General Education Board iThe
Rockefeller Foundation) in New
York. eve have the honor to re-
port to you, in confirmation Of our
telegram of this date. the following
results. We have secured in cash
sG5,2OS.00. This is paid in to date.
In good pledges we have secured
sS5. 5.0O0.0O. This makes a total of
15O.2OS0O to meet your offer bf
$50, 100000 to complete 5000, OO.GO.
The f0rsh tof tho .nptn is l,nre% fsii
enclosed
This additional Endowment in
creases the permanent fund to
$3.50. 100000. Only the income on
this fund can ever be used, as the
integrity of the fund guarantees the
perpetuity of the institution. This
fund will need to be increased as the
college grows. It is already made
quate, as last year the expenses of
the college amounted to SS4,S131G
To meet this budget $2S,00O.00 had
to be obtained through benevolent
channels. The new endowment will
materially cut down this annual de-
fcit However. it is to be said that
never in the history of the college
has year closed without all bills
paid and without deficit. This may
be a surprise to the citizens OF
Jamestown: for we have never gone
to them at the end of the year to
ask for funds to conclude the cur
rent years Indebtedness. which is so
often done in college towns. This
is very potent reason why our ap-
peal this year in the face of the hard
conditions we are all facing in this
State and in the nation was reason
able for the purpose of capturing
this splendid offer of the Rockefeller
Foundation.
We as a Board of Trustees are
very thankful to those who listened
to our appeal with courtesy and saw
the imperativeness of it and gave a
generous response. We hope that
they may feel proud of being the
very redeemers of the situation and
that they did great and good deed
in the closing days of 1920. One
man who gave nearly the last gift
to put us over the top said. II wish
it could be more. but want to say.
that college is the best thing we
have in Jamestown" We want tn
thank everyone who contributed.
This is not mere form. but the deep
sentiment of our hearts.
One new and very important fac
tor in the success of this campaign
was contribution which came late
by telegram from the Carnegie
Foundation, New York. This great
foundation has not been giving to
colleges. but has now come to the
aid Of Jamestown College for the
first time. The interest in us by the
Rockefeller Foundation was valua-
BILE in securing the timely aid from
the Carnegie Fund. These agencies
for good are now strong and per-
manent friends of the college, and
these gifts are the first given to the
State of North Dakota.
The Board also wishes to state
that the dormitories at the college
are entirely filled up. the recitation
rooms are becoming Inadequate, the
science department, as other depart
ments are expanding so RAPIDLY that
new buildings must be planned at
once to meet the increased demands.
A new fund, therefore Of $1,000
10000 for buildings. and endowment
will be inaugurated. Two additional
dOrmitOries, gymnasium. and
large central administration hall
will be a part Of this new endeavor.
With the greetings of the season
and a Happy and successful New
Year to all who put the college over
the ton in this great battle for Chris
tian education, we are.
5s Very truly yours,
II. M. Taber.
Chairman Of the
Board Of Trustees.
!; IB. .H. Kroeze,
President of the Col
lege.