Budget Slash Faces School Of Education

The School of Education faces an annual budget slash of $63,000 beginning next year when a $300,000 bequest expires in June, Dean Francis Keppel '38 announced yesterday.

An almost impossible amount of $1,250,000 would be required in endowment contributions immediately in order to overcome the expected deficit in 1956, Keppel added.

Although no definite plan has been proposed to allow for an annual income of $63,000, the School is hoping to raise enough for its 1956 budget through gifts and grants for special purposes. At present, over half of its $763,000 expenses are covered by this source.

Keppel said that a budget cut might conceivably be avoidable in future years if the School's present apprentice teaching program is successful. Students in the new plan receive salaries of $1300 to $1400 while serving as intern teachers for one term and thus may generally requires less financial aid from the School.

Endowment Income $147,600

If funds cannot be raised before next year's budget is arranged, Keppel said he would cut expenses "across the board, including academic appointments and maintenance before touching the School's general Scholarship funds."

The School received $147.600 as its annual income from endowment for this year's budget. Its current endowment fund drive, set for a goal of $6,000,000, has raised approximately $1,000,000 during the past three years.

Several large grants, including a $75,000 gift from the Ford Foundation, which were received during the last few months spared the School from making even more drastic cuts in this term's budget.