1958 Alumni Fund

LATE June reports show that the 1958 Alumni Fund, despite adjustments to the capital gifts effort, is enjoying a strong finish. As of June 27, over 11,000 Dartmouth alumni, parents and friends had contributed a total of $304,000. When income from the Class Memorial Funds and other endowed funds, estimated at $98,000, is added, the 1958 Alumni Fund will be over $400,000.

If the contributor total included another 8,000 alumni and parents removed from Alumni Fund solicitation because of the capital campaign, the overall contributor total could run over 20,000.

The Fund office reported that late June gifts were just as heavy as in previous campaigns. Final totals are not expected until late July. Fund officials also pointed out that completely final 1958 Alumni Fund participation figures will not be available for another year because of the Alumni Fund Committee's policy of granting contributor credit for both 1958 and 1959 to anyone who makes a pledge or gift to the capital campaign at any time during that campaign.

Fund Chairman William G. Morton '28 hailed the results as "a magnificent showing by our alumni and a complete vindication of the Alumni Fund Committee's plans to conduct a campaign this spring, although on a somewhat different basis." All proceeds from the 1958 Fund, together with some receipts from the Capital Gifts Campaign, will be used by the College to meet 1957-58 operating costs.