Columbia University

Annual Reports of the President and Treasurer to the Trustees Columbia University

To the Trustees: There is submitted herewith the Annual Report on the work and needs of the University, as prescribed by the Statutes. The considerate attention of the Trustees and their several Committees is asked for the discussions and recommendations that are presented in the reports of the several chief administrative officers. Throughout the United States institutions of higher learning are making urgent appeals to the public for new endowment funds with which to meet the greatly increased cost of carrying on their pinne work. In most cases, perhaps in every case, these appeals are justified, for the cost of collie and university maintenance has grown by leaps and bounds during the past generation and with great rapidity during the past decade. In the Annual Report for 1916 (pages i-io), it was shown in detail that an addition to the University scapital funds of some $30,000,000 was needed in order to enable the present work to be satisfactorily carried on and long planned and carefully studied developments to be brought into being. Since that time the capital funds of the University have been increased through gift and bequest by about $6,000,000, but the rising costs have continued to mount so rapidly that the figure given in 1916 holds good in 1919.
(Typographical errors above are due to OCR software and don't occur in the book.)

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