Memorial Funds & Bequests

The alumni fund committee has called attention to the establishment of the Class of 1917 Fund at the 25th anniversary of the class last spring with a principal of 16,661.50, the annual income of which becomes a credit to the Alumni Fund contribution of that class. The Class of 1918 has made an advance deposit on its prospective 25th anniversary fund and the Alumni Council Committee under Edward E. Martin '19 has reported activity among a number of younger classes looking toward the establishment of similar funds.

By decision of the Alumni Council several years ago, Dartmouth has refrained from the promotion of a "bequest program" of the sort common to many colleges. This being the case, it is perhaps appropriate in this annual report of the Alumni Fund to remind alumni who would like to do so that these class memorial funds provide a medium by which bequests can be made to endow individual Alumni Fund gifts in perpetuity, an opportunity of great intangible significance to Dartmouth as well as of great potential financial value to the College through the accumulation of a great number of small bequests, with income available in the most valuable form, the unrestricted monies which the Alumni Fund annually makes available to the Trustees for application where need is greatest.

The Committee also notes with special appreciation the establishment by the Alumni Association of Eastern New York of the Charles M. Stern, Jr. Memorial Fund in the name of the first Dartmouth man (Class of 1936) to die in action against the enemy in this war—at Pearl Harbor. The principal amount is $1,264,