Knox College - Gale Yearbook (Galesburg, IL)

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Kita Li The New Endowment KELLooG McC'LELLAND Specifically. the offer made by the General Education Board is that they will give to Knox College 3100.000 on condition that a sup- plemental sum of 3100.000 is raised by other friends of the college by June 10. 1915. Of the fund of 3500.000 thus constituted, 5?-1-25.000 will be added to the permanent endowment of the college and the re- maining bF75.000 will be used for the erection and equipment of a men's building. The raising of the contingent sum of 3-1400.000 is no small task. but its successful issue is very vital to the continued progress and efii- ciency of the college. Failure would be equivalent to relinquishing. once and for all. the high place Knox has always held. and dropping back into the second rank. Any one who is following the trend of educational affairs to-day will recognize this as a Hrst step on a course which must inevitably lead to insignincance or extinction. It is be- coming more and more evident every year that. with the increasing importance of state institutions, with their unlimited resources. there will ultimately be room in a state like Illinois for only one or two col- leges of the type of Knox and these must be of the highest rank. In contradistinetion to a university. a college has its primary interest in the student rather than in the subject taught. This has always been the aim of Knox and. with her great past of noble sacrifice and worthy achievement. she is well qualified to be one of the few institutions of this type to endure and to carry forward that work which only the eollege can do. lint past aeeomplislnnents alone will not be sufiicient to maintain for any college a position of leadership and corresponding influence. 'l'he college of the future must have large resources in endowment and equipment to enable it to offer facilities for undergraduate study sec- ond to none even without taking into account the distinctive features of' a college. Some of the leading educational authorities have esti- mated thal a college to survive and worthily fulfill its mission must eventually have an endowment of' from two to three million dollars. Knox has at present approximately half' a million dollars of en- dowment and the present fund. if' raised. will bring the endowment well ivV1umm.annmmm1iimn1mis11izir1n:'wi KNQX CQLLEGE lrunmmllnln nunuiinu L'

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,A V TM V'C xe---M, V, M U , ,ws V Wy' K9 ly l Tl 'VW nun ti mwmmunlnwumn gyxlld 41.3 'W W? ., uw IEMTJ'nntlevlw KA LA nljjigijt E F E :1 thing of the past. The endowment luis never been large enough. E ,, . . . E Ille college has never been in :1 position to undertake and carry out E :is it desired the umny enterprises that it otherwise would have under- E E' taken years ago. : This means the creation of un endowment of almost il full million 1 dollars. making Knox. the three universities excepted, the best en- -M dowed college in the state. It means that the institution will now be on an independent basis from which it can continue to exert the good E influences for which it was founded. 5 ty-xg f ef. nf'-'gf P-1 ! fir.:-'AKXQ fI.v4l9f'- 5 2 . 5 O 43 E H7 E 0 i 5 , 2 r 2 P i . 2 -v 2 T 2 o QOGMQ Q Q1 KNQX CQLLEGE yl E E 1 S E Z E E E : 2 E E : E 2 : r: E 3 3 2 2 S 3 E 3 E C. E E E E 2 E E 5 A

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-T?-v '1 sa ewsslm M E :W up toward the million dollar mark. placing it first among Illinois col- leges in this respect. Every year it requires an increasingly hard strug- gle to provide income sufficient to meet the cost of maintaining the college on the present basis, a struggle which necessitates the curtail- ment of many expenditures that seriously cramp its work. The new fund will provide an additional income of about 325,000 This will not be sufiicient to provide for any extravagant expansion. but it will make possible the continued gradual growth of the college and will add materially to the efficiency of the various departments. Perhaps the most immediate and apparent result of the raising of this fund will be the men's building. This is a building that has long been desired by President McClelland and will fill a real need in the life of the college. As planned it will be not merely a dormitory. but a center for the activities of the men of the college and as such will serve to concentrate and unify the men of the student body. The task of raising ?B+00,000 is no small one, but neither is it im- possible. iVith a body of living alumni numbering about eighteen hun- dred and many former students and friends. some of whom have amassed large fortunes. the money ought to be forthcoming within the allotted time. It is an occasion which calls upon every one-alumnus. former student or friend-generously and promptly to assume his share of the burden. L11 ruuwmuuuz mmuummmuiuuinimnuniuniini um Q IlllllllllllIlIlllllllllilllllllllllUIHIIllllIIlllllllllllllllllllilllllllllllllllllIllllllll X 4