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President W. K. Jordan of Radcliffe urged all Annex alumnae this week to boost the total of the 70th Anniversary Fund from $800,000 to $1,000,000.
June, 1949, will be Radcliffe's 70th birthday month, and the Anniversary Endowment Fund will be presented to the college then. For more than two years, alumnae have been driving for a $400,000 goal, which will be matched by an equal sum from the college trustees.
In a statement in the January "Radcliffe Re-News," the monthly Fund pamphlet which was mailed this week to all Annex graduates, President Jordan announced "The Trustees, at their November meeting, voted to increase the objective of the 70th Anniversary Endowment Fund from $800,000 to $1,000,000."
High Costs
He explained that the appeal for an additional $200,000 is due to higher costs and added". . . our earlier and consciously frugal estimate of the amount of additional endowment needed has proved inadequate. It is now believed that the operating deflect of the College for this fiscal year will run to approximately $35,000 despite the rigorous economics that have been in effect for the past three years.
"Quotas already assigned to the various regional alumnae groups will not be increased," he emphasized, and called for "an even more intensive effort on the part of alumnae, officers, and trustees alike. . . (to be) launched during the last decisive five months of the campaign."
The date, a little more than $492,835,02 has been paid toward the June total.
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