Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1926-04-24
Eastern Shore College
Receives Many Gifts

III CnlS Uay anu ScHerdClOH VI GILL;
cheney plus and especially in this land
where, on every hand, human effort
of every name and kind is being high
ly organized, which means highly
simp1ifed, it is interesting to note
that the art of giving is being reduc-
ed to scientific, which means to an
effective, basis. This tendency to/cul-
tivate efficiency to the Nth. degree
is manifested clearly in an effort now
being made by public spirited and far
sighted persons, donors of wealth
great and small, to underwrite wor-
thy educational causes in ways that
best 'fhit the spot" Of course folk will
always give cash to such purposes.
For instance, in recent interview,
DR.. Albertus Perry, field vice-presi-
dent of Washington College in Ches-
tertown, stated that it is not an un-
usual procedure for the sum of $500
to be donated to the Eastern Shore
college. The latest outright gift of
that sort was made, he says, short
time ago. And, then, hundreds of peo-
pie are pledging on a five year basis
payable annually, semi-annually or
quarterly. Washington College, en-
courages this form of giving because
it guarantees certain income over
period of years, to the college. But the
most popular form of contribution to
a cause is the annuity. This is the
best kind of investment, with the
safest returns, and is being favored
not only by colleges but by large re-
ligious denominations as we'll. High
dividends, it is said, are secured.
Semi-annual payments of annuity pro-
vide the largest income, consistent
with safety. At the death of the an
nuitant the principal goes, according
to the donors wish, either to a desig-
mated or undersigned fund. The In
tvestment gift is safe. The property
plant and good name of the college
are behind it. The semi-annual divi-
dend renittances will be paid as long
as the annuitant lives. Relief from in
vestment anxieties and care is assur-
ed, according to the Washington Col
lege official. Purchasers of annuities
are released from further worries a.
bout reinvestment of funds, idle mon
ey, the passing of dividends or ibility
Of loss from unsound investments.
Money will work for the donor as
long as he lives and will, in turn, ac-
complish his desires after death. 500
and upward may thus be invested in
cash, real estate or approved bonds
and stocks. The investment is not
taxable it saves the commission of
an agent and provides regular, fixed
and sure income during the life of the
annuitant and eventually will become
2 part Of Of the endowment fund of
the college, there to be monument
to the donor forever. If there are
many applications for annuties no
educational institution will carry more
than it can safely handle. In the case
of Washington College all applications
must be passed upon by the Board of
Visitors and Governors. This proceed
ure protects the investor in all cases.
"To my knowledge" declared DIR. Per-
ny, at "least three persons have made
contributions to Washington College
through large provisions in their
wills. This is another manner Of Civ
ing to college. My argument for
this method would be that it makes
it possible for ones money to live and
work in the interest of others, es-'
pecially in the interest of young peo-
pie who are worthy of financial help"
In the II banks of the Eastern
Shore there is $3O,OOO,OOO in savings
accounts, it is said by banking au-
thorities.
"This stored up wealth may not on
Iy be safeguarded, as it is at pres
ent," concluded the Shore college Off
cial, "but it may be protected against
the uncertainties of the future by in
vesting it in living, growing and i'm
mortal educational organism-a COL
lege which is developing and nurtur-
ing the future citizenship of the East
ern Shore.