Stanford University - Quad Yearbook (Palo Alto, CA)

Page 13 text:

The first four units of the planned fraternity clusters came into operation in the fall. The old SAE house was demolished as the fratemih ' moved into its new cluster house. %i P (r t remains clear and strong, appropriate to the world of today. The unique resources of the Hoover Institution, the campuses overseas, the University Committee on International Studies, — these and other assets and activ- ities bespeak tliis interest. Much is expected of higher education, — perhaps more than heretofore. The organization of higher education is more complex, partly because of the numbers involved, partly because of the expanding role of the Federal Government in educational affairs, and partly because of the nation ' s — and therefore education ' s — in olvcment on the international scene. The future probably holds in store experiences which cannot be clc;u-ly foreseen, but in my mind ' s eye it is a bright future in which Stanford will continue to grow in stature and in service. J. E. Wallace Sterling President

Page 12 text:

The Varian Physics Building was completed this ' kM ' STANFORD ' S has been made possible largely through resources from private sources. American philanthropy is extraordinary in its variety and amount; education has been one of its chief beneficiaries. Stanford was founded out of bene- faction and has been sustained and nourished by it. For this, everyone associated with Stanford has reason to be proud and grateful. The stamp of interest in international affairs was put on Stanford by its first President, David Starr Jordan, and several members of the early faculty. That imprint

Page 14 text:

Income from the University endowment and tuition were the main sources of funds to meet the cost of educating a student at Stanford from the founding imtil about 1940. The original quadrangle, supple- mented by a few new buildings over the years, pro- vided an adequate facility for the academic pro- gram. In this period the sources of income met only the minimum needs, provided for limited mainten- ance and repair, and allowed no reserves to be built up for major rehabilitation or replacement. Over the past two decades gifts from Stanford Alumni and friends have provided substantial in- creases in our funds, increases both in endowment income and in funds which can be directly applied to current costs and new building needs. Tuition has been increased but even so covers only about half the cost of a Stanford education. The philan- thropy of Alumni and friends, past and present, makes up the other half. THE SUCCESS OF DEA ELOPME X efforts, particularly over the last decade, and the need of Stanford for a massive infusion of financial support, are the background of the PACE Program. The new buildings springing up around the campus, the new faces on the faculty, and the air of new confidence in the destiny of Stanford, all bespeak of the enthusiastic support we enjoy from our friends and Alumni in this important development effort. David Packard, Chairman Stanford Board of Trustees Planning and Development Committee