Article

Gifts and Bequests Total $1,785,501

October 1951
Article
Gifts and Bequests Total $1,785,501
October 1951

Gifts and bequests to Dartmouth College during the fiscal year 1950-51 totaled $1,785,501, it was announced this summer by John F. Meek '33, Treasurer of the College. This grand total included $1,101,371 added to endowment, $682,959 for current use, and $1,171 for plant. The largest single item recorded was the 1951 Alumni Fund total of $543,125, exclusive of income from class and special funds.

The endowment increase of more than a million dollars included $517,584 from gifts, $308,011 from bequests, $190,311 from Class Memorial Funds, and $85,463 contributed toward the Hopkins War Memorial. Of special interest among the gifts were:

from John D. Rockefeller Jr. to establish the Ernest Martin Hopkins Scholarship Fund; $100,000 from an anonymous donor;

$26,254 from Enders M. Voorhees '14 to establish the Margaret McClumpha Voorhees Scholarship Fund;

$11,700 from various donors for the George Margulis ('35) Memorial Scholarship Fund, bringing the total to $15,326;

$10,000 from the Trustees of the Arbuckle-Jamison Foundation to establish a scholarship fund bearing the Foundation's name; and

$6,000 additional from Edwin W. McGowan for the Edwin William McGowan ('44) Memorial Fund, bringing the total to $62,393.

Among the endowment additions received by bequest were: $196,960 from Mrs. Newton A. Frost of Hanover;

$20,000 from Ethel Clark Ranlet of Manchester, N. H., to establish the David Joseph Clark (1836) Scholarship Fund;

$10,000 from Mary H. Hutchins to establish the Arthur Edwin Hutchins (1857) Fund to purchase books for the library;

Among the gifts for current use were: $10,000 from the Carnegie Corporation of New York (part of a grant of $50,000) to support the new program of undergraduate studies in Russian Civilization;

$10,000 from the Charles Lathrop Pack Forestry Foundation for construction of a College Grant management center.