Taylor University - Ilium / Gem Yearbook (Upland, IN)

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Taylor tNDOWMENT BOOSTERS IT was the president ' s belief that the appeal for endowment would be made with better effect if the school would announce a new unit of half a million for its objective, naming this in honor of Bishop William Taylor, the namesake of Taylor University. The school has had no special finance organization for any of these developments, but has relied upon the loyalty of the faculty, students, alumni and Legal Hundred. As this publication goes to the press, the total is approaching the hundred thousand dollar mark in subscriptions and bequests. The school ' s ultimate objective will be two million dollars for endowment. This is a very conservative resource for an institution like Taylor in rendering a world service. In both the Goal Endowment and the William Taylor Endowment the Legal Hundred has been organized into ten groups, each group being asked to sponsor one- tenth of the amount sought. The chairmen of the groups are: H. C. Miller, John Paul, B. W. Ayres, Rufus A. Morrison, John F. Owen, Barton Rees Pogue, Mrs. Elizabeth T. Stanley, Monroe Vayhinger, Myron E. Taylor, Francis J. Thomas. A million dollars would make an individual tolerably rich these days, but this much devoted to an institution like Taylor University, rendering a world service, will not make the school rich. It will prepare the school to fill its place in the light of world needs.

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THE DOMESTIC SCIENCE DEPARTMENT THE era of the special endowment program for Taylor University began in the early spring of 1927. At that time there were endowment values between two and three hundred thousand dollars. While there was considerable indebtedness to coun- teract the value of this endowment, the president assigned the indebtedness mainly to the new building worth a quarter of a million dollars, the product of which would otfset the interest on the indebtedness and look toward its liquidation. With the case thus stated to the Legal Hundred and the Alumni Association, the Goal Endowment was launched as a special movement. It was called the Goal Endow- ment because of its aim to secure five hundred thousand dollars of endowment which is now the minimum standard requirement. The Goal Endowment reached its highest tide of enthusiasm at the 1927 com- mencement. Many of the guests made liberal subscriptions. The enthusiasm was so contagious on the morning of the graduation exercises that even the commencement speaker. Dr. H. C. Morrison, permitted the announcement of a liberal gift from him. The Goal Endowment program continued under this name until the fall meeting of the Legal Hundred, October 26. At that time it still fell thirty or forty thousand dollars short of the goal, but the Legal Hundred designated enough of its sustentation pledges to declare the first five hundred thousand dollars completed. tiv ' 4? ' ' W- ' TWENTY-SK

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Monroe Vayhinger, B.D.,D.D. i: e ' ' ' TWENTY-EIGHT