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8 Takeaways From Harvard’s Task Force Reports
The annual report of the treasurer of Yale College for the year ended July 31, 1882, has just been published. The university funds amount to $448,491, an increase of about $22,000; the income from these funds was $53,448; the total amount of the academic fund is $795,848, yielding an income of $177,536, out of which several thousand dollars in annuities was paid. The expenses of the department were $166,799, of which $14,330 was paid in salaries of instructors and $6000 for scholarships. The funds of the theological department amount to $321,031, of which over $40,000 is for scholarships; the income of the department was $27,714 from investments of the funds, and the expenditures were $27,633. The Sheffield Scientific School has a fund of $141,263; the income from this fund was $1345, but donations, tuition fees, laboratory receipts and the income from the State agricultural fund ($7910) increased the receipts of the year to $51,856. The expenses of the school were $56,944. The medical college fund is $28,898; the receipts from all sources, chiefly tuitions, were $6158, and the expenses, $8020. The only fund of the law department is the library fund of $10,000, yielding an income of $600. The receipts for tuition were $7333, and the expenditure, $7924. The aggregate of all funds was $1,826,532. The needs of the university are in excess of its income, especially in the academic, scientific, medical and law departments. - [Ex.
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