The New York herald., 1922-06-11
COLUMBIA'S INCOME
IS OVER S5,2OO,OOO
But Annual Report Shows 1t
Is Not an Institution of
Great Wealth.

Columbia University is not an institu-
ton of great wealth, according to the
annual report of the alumni trustees to
the alumni made public yesterday. The
report, outlining Columbia's needs, deals
with university finances, the college. the
School of Mines, the Medical School.
University Extension and the Columbia
University Press
1.-THE idea that Columbia has vast
wealth is mistaken one," declares
the report, which Is signed by Frederick
Coykendall, Herbert l.. Satterlee, Wal
ter B. James. Archibald Douglas, T.
Ludlow Chrystie and william ]. Dono-
van 'Tt is true the amount represented
by lands. buildings and endowment Is
a large sum, but despite this the uni
versity is constantly handicapped. and
many desirable undertakings must be
left for lack of funds. University Hall
should be completed, a new dormitory
should be built on South Field. the
stadium should be erected on Baker
Field, and there should be resources for
expanding the work of the Columbia
University Press. These are but a few
of the immediate needs"
The total amount of property held by
the university Is given as about
s5s.0o0,000. divided approximately as
follows: Land and buildings used for
university purposes, $1S.oo0,ooO; land
and buildings held for investment.
$22, 100000 securities held for invest
ment. $1s.oo0,0o0; other resources,
$1,000, 900.
The total university income in 1921
22 was s5,233.54791. OF this $144,-
435.20. or 2.s per cent. was from gifts
s146,65o.13, or 2.s per cent. was from
the university commons $1so.213.s5, or
"a per cent, was from residence halls I;
SS73,7S5.49, or 1877 per cent. from
special endowments: ss74,715.6o. or 1871
per cent, from general endowments; ;
s2,313,02214. or 442 per cent, from
tunition fees
The total expense for the year was
s5,1S9,574.O4, divided as follows: Busi-
ness administration. including insur-
ance. s117.05s.52. or 2.2 per cent. in
terest on corporate debt, $154,598.33 or
3 per cent; redemption fund, $780,
900, or 3s per cent: library, $225.-
1873. or 4.3 per cent; buildings and
grounds. 1881, ,7062o. or 11.2 per cent !;
educational administration and instruc-
tion. $3,913,095.20, or 754 per cent.
Columbia men, the report says.
keep before them the fact that Colum-
bia University Is dedicated not to old
age but to youth and perpetual youth.
More and more Is 1t being discerned that
Columbia recognizes that her clientele
Is the red-blooded boy. whose loyalty
must be encouraged through affording
to him not only the higheast grade Of
classroom instruction. but also ample
opportunity of taking part in the nor
NAL activities OF Boy of that type"
The alumi trustees quote DR.. Mich
olas Murray Butler, the president, as
summing up the conviction and aspira-
ton of Columbia men as follows:
"An increasing proportion Of the
undergraduate students should be
brought into college residence. and a
distinctively college influence should be
promoted. in order to assist in advance
ing the unity and homogeneity of the
undergraduate body. Every aid should
be given to movements for increasing
undergraduate interest and sound and
healthy undergraduate spirit.
while the number of college stu
dents should not be allowed to increase
to a point that overtaxes either our
physical accommodations or our teach
ing force we should. through the use of
the psychological tests and in other
ways, make sure that our undergraduate
body Is in every respect ft and thor
oughly representative of what Is best in
the youth of the nation. IL is our fixed
Columbia doctrine. as we'll as the teach
ing OF our experience. that the univer-
sity as a whole can only grow strong
and flourish II the college, upon which II
is built. is kept vigorous, enthusiastic
and united.