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8 Takeaways From Harvard’s Task Force Reports
The University received slightly under $2,000,000 in gifts during last summer, it was announced yesterday. The exact sum, $1,762,000, was over $1,000,00 under the donations during the same period in 1950. But more significant was the lack of large gifts from individuals and the dependence on foundations.
Moreover, these contributions from foundations--including $195,000 from the Carnegie Corporation and $149,000 from the Rockefeller organization--went to specific research projects, which are not always the most central needs of the University.
Of the $1,762,000, only $113,000 was un-restricted as to use, while only $259,000 of the full amount went for endowment, with $1,503,000 for immediate use.
Largest Recipients
The Medical and Public Health Schools were largest recipients with a combined total of $706,000. Of the $231,000 given to the Faculty of Arts and Sciences, the largest sum went for scientific research.
The Kellogg Foundation gave $53,000 to the School of Education, the American Cancer Society contributed $64,000 to several departments, the Grant Foundation $43,000, the National Foundation for Infantile Paralysis $36,000, and the China Medical Board $36,000
The largest endowment gift was $62,000 from the estate of Dora L. Collison for research in cerebral thrombosis anemia, and epilepsy $150,000 represented the annual Carnegie gift for the maintenance of the Russian Research Center.
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