SENIORS TO GIVE TO CLASS FUND BY THE FUND COUNCIL

At a recent meeting of the Permanent Class Committee of the Senior Class it was decided to set aside the vote of the Class made in favor of the insurance policy method of collecting contributions of the members of the class for the twenty-fifth anniversary gift, and to adopt the Harvard Fund Council method instead. This gift is a sum of money which is presented to the College by each class on its twenty-fifty anniversary, anti which in the past has amounted to $150,000. At the same time, Benjamin Holt Ticknor, II '31, of New York, who polled the largest number of votes at the elections of December 19, was voted chairman of the committee.

The insurance policy method, which has been used by various classes in the past, is a means of collecting the fund whereby the members of the class in question take out insurance, policies to any amount that they feel able, the policies to reach maturity 25 years after the class graduates, at which time the premiums are paid to the class and are used for the gift.

The inadequacy of this method of collection arises from the fact that by the time that the class is 25 years out of college, many of the men are able to contribute much more to the fund than they were at time of graduation, while at the same time, others are less able to pay the amounts they had stipulated. For this reason the present Senior class will make their contributions to the fund in whatever amount they desire, annually, to the Harvard Fund Council, which at the time of the anniversary will turn the amounts over to the class.