Oberlin College - Hi-O-Hi Yearbook (Oberlin, OH)

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5754.2 11 1? CD f1'if I 1Q2,f+ In 1920, however, business reverses reduced the income-producing value of this gift from 33,500,000 to 32,700,000 During the year 1921- 22 its value was further reduced to 31,680,000, a reduction of nearly 32,000,000 from what was believed to be the minimum value of the new endowment. In other Words, the income from the Hall Estate last year was approximately 3110,000 less than the lowest amount of income which the College expected from this source at the time salary increases were granted. When this serious loss struck Oberlin the trustees kept the College on its feet by doing four. things, they doubled the tuition fee, increased the number of students admitted, secured emergency gifts from educa- tional boards and generous friends and lifted 365,000 bodily out of the already exceptionally economical budget. With all these efforts and even on the present limited scale of operation, the College has been unable to avoid a deficit every year but one since 1917. Now the time has come when it is imperative for Oberlin permanently to replace her income losses. just now Oberlin iinds itself in an even worse financial predicament than scores of other colleges forced to raise endowment funds, to meet the post-war requirements, for as in other colleges, the dollar-value of her income has fallen off, and on top of that, since 1920, there has been an actual shrinkage corresponding to a loss of 32,000,000 of Oberlinis endowment resources! While it is hoped that some day the income from the Hall Estate will resume its normal proportions, it is essential that the College repair its endowment income losses at this time. Practically 32,000,000 is needed for new endowment to maintain without deficit and without ex- pansion, the normal work of the College, Oberlin must raise money this year and rely upon the Hall legacy or future gifts from other sources to take care for the natural development of the institution a decade hence. Oberlin's building program has been held up since before the war. At least 32,000,000 more should be supplied to care for the most immedi- ate building requirements of the College. While this sum will not begin to build all of the buildings that Oberlin needs, it must go as far as possi- ble toward providing a modern recitation building, a physical laboratory, a college hospital, a woman's gymnasium, an addition to the greatly over- crowded library building, new dormitories, especially for the men, and the new theological buildings so long needed. Oberlin's Conservatory of Music is recognized as one of the foremost in the country. A minimum of 3400,000 should be obtained to provide a permanent endowment to Ufjj ,M I'131 XX' Af

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f:!5iQ Ii If C XITI I 1-914 P ROPOS HD TI-IEOLOGICAL GROUP guarantee the conservatory's standing in the Luture. To maintain Ober- lin's democratic traditions at least SI00,000,is required to supplement the all-too-meager student aid funds of the College. Thus, in all, for college endowment, for buildings, for conservatory endowment, and for student aid Oberlin College needs a total of 34,500,000 HOW OBERLIN ALUMNI WILL RAISE TI-IE FUND ' The campaign to raise this amount is in charge of a committee oi twelve men and women, graduates or former students of Oberlin, ap- pointed by the trustees. The committee is headed by an Honorary National Chairman, a National Chairman for Men, and National Chair- man for Women, and two Associate National Chairmen. The United Wyxx17,41617173526xiL5zrAfAf1Ux1fJrg I 1 41