THE 1948 ALUMNI FUND

Chairman s Report Praises Work of Agents In Establishing New Record of Participation And Promoting Stability for Future Growth

I THINK no Alumni Fund chairman could write a report on a year's campaign without the strong feeling that he must first express his admiration of the extraordinary service rendered by the class agents, their assistants, and the newsletter editors. Certainly the 1948 Alumni Fund owed its success, as did its predecessors, to the skill, imagination, hard work and personal generosity of those men who shouldered the burden of conducting the campaign within the classes. Praise of that group is by no means a slight to the understanding and generosity of the alumni body as a whole, for obviously it was their gifts that made the Fund successful, but, there can be no doubt that our success in number of contributors and in total dollars was achieved through the work of the agents, and to them must go the highest praise.

During the past two years the Fund Committee has accentuated two things of basic importance to the long-run success of the Fund and, consequently, to the stability of the College. The first of these is participation: the'second is what I call "realistic giving."

This is not the place to review Dartmouth's financial situation in detail, but it will suffice to say that under present circumstances the College will continue to need an annual Alumni Fund of $350,000 to $400,000 for stable, deficit-free operations. With such a need the stability of the Fund itself becomes a matter of first importance and such stability can best be achieved through the regular participation of the largest possible number of alumni.

Likewise if the Fund is to be stable in terms of total dollars the size of individual gifts is an important factor. In this connection it is important that classes, both as groups and as individuals, understand that the Fund depends on them for steadily increasing gifts from graduation to a point approximating their retirement age. In the practical working out of this problem some can give relatively little and some can give a great deal. So long, however, as we are all aware of the need for growth and do what we can in our own circumstances to provide it, the Fund will never be static, but will have the strength and vitality to provide fully for whatever needs Of the College it may be called upon to meet.

We have made progress in both participation and dollars over these two years, but I feel sure that even better results lie ahead. In terms of participation the Fund has set new records in total number of contributors, 1948's 13,629 being the record up to the present. This represented a Participation Index of 80%, or 63% of all living matriculants. So far as I know this is the best participation record of any college in the country and can be a real source of pride to us all.

Individual class performances were again led by those perennial champions James W. Newton '86 and Clarence G. McDavitt '00. Altogether, twelve classes exceeded their scoring bases for participation records of 100% and better, including those led by Clifton S. Humphreys '90, William E. Geiger '92, Hardy S. Ferguson '89, Richard Ward '01, John R. Spring '98, Albert E. Hadlock '87, John R. Mason '15, Philip H. Winchester '99, Charles 1. Lampee '04, and John F. Conners '14.

The success of 1914 and 1915 in exceeding a Participation Index of 100 for the second consecutive year merits special praise, as they are the first classes in their group to achieve such success. Also notable, and most encouraging for the future of the Fund, has been the success of a number of younger classes in getting unprecedentedly high participation for large classes: 1928-97%, 1931-96%, and 193593%. Participation of this sort in the younger classes will ultimately create new Fund records far in excess of anything we now know, and they deserve high commendation for setting the pace.

For dollar results first praise must go to the thirty-one classes arid agents who exceeded their objectives. Again many of the long-time leaders head the list: Wendell Williams '88, William F. Geiger '92, Hardy S. Ferguson '89, James W. Newton '86, Clarence G. McDavitt 'OO, and Albert E. Hadlock '87. All these had more than 200% of their objectives!

Tabulations elsewhere in this issue will reveal the others who achieved outstanding success, but I should like to call particular attention to the achievements of several classes in those groups where the objectives are the stiffest and where success constitutes real leadership for the future. John R. Mason '15 set a new record for total dollars with 517.772.95 for 169% of his objective. George E. Howell '27 had 122%, John F. Conners '14 had 118%, Ernest H. Moore '31 had 115%, John F. Rich '30 had 114%, and William G. Morton '28 had 112%.

Special praise should go to the Class of 1923 and to John E. Moore, the agent, because they gave $13,360, or 100% of their objective during the time that they were putting the finishing touches to their Class Memorial Fund of §107,000!

In citing these records I am particularly conscious of the many fine performances by other agents which for one reason or another do not appear in a list of top achievements for participation or objective, yet are deserving of special attention. Among the agents themselves the Green Derby results, combining participation and dollar scores, are the standard measure of success and I should like to pay a tribute here to the leaders in those results.

In the classes from 1898-1907 the top three were Clarence G. McDavitt '00, Richard Ward '01, and John R. Spring '98. In the classes from 1908-1917 the first three were John R. Mason '15, John F. Conners '14, and John J. Remsen '13. Roger C. Wilde '21 led all the classes from 1918 to 1926, followed by David L. Garratt '18 and Roscoe A. Hayes '19. In the fourth group, covering classes from 1927 to 1935, Ernest H. Moore '31 took first, William G. Morton '28 second, and John F. Rich '30 third. From 1936 to 1943 the leaders were Lewis K. Johnstone '41, Robert L. Paterson '36, and Alan W. Bryant '37, while in the Little Green Derby first place went to Nichol M. Sandoe Jr. '45, followed byHomer G. Bogart '44 and Thomas K. Burnap '46.

As chairman of an enterprise which commands as much skill and devotion from key workers as the Alumni Fund, it is natural in a report to dwell as I have done on the achievements of these men, but I should like to express the appreciation of the Fund Committee to all alumni whose gifts, whether of $1 or $1500, or even higher, represented real loyalty and even sacrifice for the interests of the College. In many cases no adequate personal expression of gratitude can be made, but it is their interest in the College that makes the Fund successful, and through their interest and giving Dartmouth has been enabled to do much that was significant and which otherwise would have been impossible.

FUND INDEBTED TO "REGULARS"

Much is owed also to the Dartmouth Regulars who have given to the Fund without a break for periods running as high as thirty-three years. Their steady help has given the Fund an element of stability that means much in its ability to serve the College. Likewise we are in- debted to many relatives and friends of alumni no longer with us who have given generously in memory of these men and whose association with the Fund and the College we prize very highly.

In closing this report I should like to salute a number of agents whose term of service ended with this campaign, but who, during their terms of office have contributed greatly to both the immediate and long-range success of the Fund: Robert M. Blood '06, Roscoe G. Geller '12, John J. Remsen '13, John F. Conners '14, John R. Mason '15, David L. Garratt '18, John E. Moore '23, Llewellyn P. White '25, George E. Howell '27, Wellington F. Barto '29, Ernest H. Moore '31, Eldon E. Fox '40, John A. Koslowski '43 and Homer G. Bogart '44.

Among these, John R. Mason '15 retires only to become chairman of the Fund and I have no doubt that under his direction still further progress will be recorded. Wise direction and loyal support can and will do much for the Fund, and that I know it will have. The Fund will carry within itself for many years a constant source of development, for the alumni body is itself growing larger each year, and given even our present level of participation plus a continuation of realistic giving, Dartmouth's Alumni Fund will far surpass its present records of 13,629 givers and $416,677 in gifts.

Alumni Fund Statement: 1948 Contributions for year ending June 30 $366,592.74 Income from Class Memorial Funds 8,968.61 Income from Special Funds for Annual Credits 5,342.16 Dartmouth-in-Portrait, Net 1,045.97 $381.94948 DEDUCT EXPENSES Assistants $ 9,462.49 Office Expenses 3,657.26 Class Agents' Expenses 11,294.79 Mailing Pieces 4,858.04 Meetings and Travel 1,800.34 31,072.92 NET CONTRIBUTIONS 1350,876.56: Income of General Fund 4,718.31 $355,59196 APPLICATION OF FUND Operating expenses of the College for the year to cover what would otherwise have been a deficit $352,361.94 Carried to the Hopkins War Memorial Program 3,232.96 $355,594.90 Funds for Annual Credit to Alumni Fund Principal CLASS MEMORIAL FUNDS June 30,1948 Income Class of 1910 Memorial Fund $ 5,933.62 $ 232.42 Class of 1911 Memorial Fund 8,643.35 310.95 Class of 1912 Memorial Fund 15,731.65 614.04 Class of 1913 Memorial Fund 11,972.75 461.24 Class of 1914 Memorial Fund 8,272.89 343.55 Class of 1915 Memorial Fund 15,827.72 663.53 Class of 1916 Memorial Fund 12,675.72 484.93 Class of 1917 Memorial Fund 11,675.99 489.34 Class of 1918 Memorial Fund 29,594.93 1,067.32 Class of 1919 Memorial Fund 31,565.17 1,181.79 Class of 1920 Memorial Fund 21,635.36 873.44 Class of 1921 Memorial Fund 26,401.87 1,068.72 Class of 1922 Memorial Fund 29,185.48 1,177.34 Class of 1923 Memorial Fund 107,292.45 Total—Class Memorial Funds $336,408.95 $ 8,968.61 * Income added to principal. SPECIAL FUNDS FOR ANNUAL CREDIT William W. Morrill '74 $ 5,000.00 $ 201.70 Charles Merrill Hough '79 1,000.00 46.39 George Herbert Rockwood '79 200.00 8.07 Frank B. Brown '86 2,000.00 80.68 John French '86 2,000.00 80.68; John M. Gile '87 1,500.00 60.51 Fred A. Walker '88 2,000.00 Edith M. Abbott (Class of 1891) 500.00 20.17 Charles H. Gould '92 49,265.74 2,178.78 Class of 1896 (Weston) 1.000.00 6.78 Allan Bouton Patterson '98 375.00 50.00 George R. Richer '05 1,141.41 46.04 John A. Ferguson '10 and Sturgis Pishon '10 1,000.00 40.34 Victor Charles Schellenberg '13 150.00 6.05 Robert C. Strong '24 1,000.00 40.34 Leslie Waggener Jr. '26 10,000.00 403.40 William W Bradt '35 200.00 8.07 Charles M. Stern Jr. '36 1,264.00 56.09 George Alden Ladd '41 200.00 8.07 Total—Special Funds $ 77,796.15 $ 5,342.16 Grand Total $414,205.10 $ 14,31077 General Fund invested with Associated Endowments $116,965.00 $ 4,718.34

FUND CHAIRMAN: Richard A. Holton '18, who led the highly successful campaigns of 1947 and 1948.

CHAIRMAN