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The Statement of the Treasurer of Harvard College for the year ending July 31, 1901, was submitted to the Board of Overseers at their meeting yesterday. The Statement shows that the invested funds of the University amounted on that date to $13,119,538.61. The corresponding figure the previous year was $12,614,448.19. The income yielded by these investments in 1900-1901 was $567,332.39. The available earnings of the general investments of the University (that is, funds invested as a whole and representing roughly 5-6 of all the investments, the balance being specially invested) amounted to 4.7 per cent on the principal, 14-100 of 1 per cent more than the rate of the preceding year. The total amount of gifts for capital account (that is, gifts for creating new funds or for increasing old funds) was $826,669.43. The total amount of gifts for immediate use was $129,497.77. These figures include gifts actually made but no promises of future gifts.
The largest gifts of the year were $200,000 from Mr. and Mrs. Nelson Robinson, an addition to their previous gift of $100,000, to establish in memory of their son, the Nelson Robinson, Jr., Endowment Fund in the department of Architecture; and $165,000 from Mr. and Mrs. Robinson for the erection of the Architecture Building, and the purchase of books, prints, casts, etc.
A summary of the receipts and payments for the year ending July 31, 1901, shows a decrease of the funds and balances, excluding gifts for capital account of $321,579.01, the total receipts being $2,267,854.44 and payments $2,589,433.45. This decrease is more than covered by payments on account of the construction of buildings in excess of receipts therefor in the current year.
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