1

5

6

7

10

11

There were 16 land-grant colleges that received private gifts for endowment in 1928, the total being $3,090,822. Approximately 73 per cent of the entire amount was concentrated in two institutions, the University of California receiving $1,324,568 and the Massachusetts Institute of Technology $956.191. The University of Vermont with $358,988, University of Minnesota with $197,671, and Rutgers University with $147,165, however, had fairly substantial additions to their endowments. Private gifts to the other 11 colleges for endowment purposes ranged from $51,506 to $300. A total of $3,030,367 for permanent improvements and capital outlays was derived from private gifts by 12 of the colleges in 1928. Cornell University was the recipient of gifts amounting to $1,766,321 for this purpose or more than half the total. The institution receiving the next highest amount in gifts for permanent improvements was Rutgers University with $412,415, while Pennsylvania State College with $323,857 and the University of California with $312,327 followed on the list. In the case of the remaining colleges, such gifts varied from $101,146 for the University of Maine to $1,326 for the Louisiana State University.

Income for operation and maintenance of instruction and administration was enhanced by private gifts in 13 of the colleges. The total for 1928 was $679,100. As in the case of other private gifts, the greater proportion was divided among a few institutions. Private gifts for operation and maintenance of the Massachusetts Institute of Technology amounted to $154,416, of Cornell University $222,152, of the University of California $111,961, and of the University of Wisconsin $98,886. The other colleges received gifts for this purpose ranging from $22,027 to $380. For the specific purpose of the payment of operating costs of agricultural experiment stations, private gifts were also made to 11 institutions in 1928, the amounts being generally small. None exceeded $19.800, which was received by the University of Wisconsin, while the lowest amount was $500 for the agricultural experiment station of the Agricultural College of Utah. Only one gift was made for permanent improvements of agricultural experiment stations, $3,484 being donated to the University of Tennessee. Similarly there were only three private gifts during the year for operation and maintenance of engineering experiment stations. Of the total of $7,993, the University of Wisconsin received $4,850, Connecticut Agricultural College $2,393, and University of Tennessee $750.

A number of other specific activities of the colleges received support through private gifts. For agricultural and home economics a total of $30,862 was contributed to six land-grant institutions. The highest sum was received by the Georgia State Agricultural College, the amount being $19,017. A similar

111490°-30_VOL 1----10

gift of $5,205 was made to the Alabama Polytechnic Institute and one of $4,267 to the University of Tennessee, the other two colleges receiving $694 and $500. Private gifts for other extension totaled $12,421 to four institutions of which $7,133, the highest amount, was made to the State College of Washington. For the conduct of special research, eight colleges received gifts. The total for all reached $477,048. Gifts for this purpose to the University of California amounted to $237,369, to Cornell University $115,872 and to the University of Illinois $81,544. Sums ranging from $30,920 to $305 comprised the private donations for research in the other six land-grant colleges.

Included in the receipts of practically all the land-grant colleges are earnings from their educational functions. The income derived from these sources does not in reality constitute earnings in the sense of profits of a private business concern, but are funds reclaimed from larger expenditures made to conduct the educational activities. Such revenues are obtained by the operations of the engineering experiment stations, agricultural experiment stations, academic and instructional departments. Service enterprises such as residence and dining halls are conducted solely for the benefit of the students; the gross revenues derived from them constitute 'revolving funds practically all of which is expended directly for their operation. The total sum derived from earnings by the colleges was $17,218,257, of which $19,269 was derived from engineering experiment stations, $3,044,991 from agricultural experiment stations, $7,555,113 from departments, and $6,598,884 from gross receipts of residence and dining halls. In Table 12 are given the amounts from each of the sources by institutions.

TABLE 12.-Receipts of land-grant institutions from earnings in 1923

TABLE 12.-Receipts of land-grant institutions from earnings in 1928–Contd.

Massachusetts Agricultural College.
Massachusetts Institute of Technology
Michigan State College...
University of Minnesota.
Mississippi Agricultural and Mechanical

College..
University of Missouri.
Montana State College.
University of Nebraska..
University of Nevada.
University of New Hampshire..
Rutgers University..
New Mexico College of Agriculture and

Mechanic Arts
Cornell University.
North Carolina State College
North Dakota Agricultural College.
Ohio State University.
Oklahoma Agricultural and Mechanical

College
Oregon Agricultural College.
Pennsylvania State College.
University of Porto Rico..
Rhode Island State College..
Clemson Agricultural College.
South Dakota State College.
University of Tennessee
Agricultural and Mechanical College of

Teras...
Agricultural College of Utah..
University of Vermont
Virginia Agricultural and Mechanical College
State College of Washington...
West Virginia University..
University of Wisconsin.
University of Wyoming --

Revenues from earnings of engineering experiment stations were not large. At only nine institutions were receipts from such source recorded. The Purdue University engineering station had revenues of $10,558, or more than one-half of the total. A different situation, however, is found in the case of the agricultural experiment stations. Every land-grant college with six exceptions had receipts from them, the sums running to sizable figures in many instances. According to the data furnished, the earnings of the Cornell University agricultural experiment station were $731,244, of University of Wisconsin $412,395, of University of Kentucky $180,989, of Agricultural and Mechanical College of Texas $124,635, of University of Missouri $112,463, and of Purdue University $107,213.

At 2 colleges they were between $100,000 and $90,000, at 1 between $90,000 and $80,000, at 1 between $80,000 and $70,000, at 4 between $70,000 and $60,000, at 2 between $60,000 and $50,000, at 1 between $50,000 and $40,000, at 7 between $40,000 and $30,000, at 6 between $30,000 and $20,000, and at 10 between $20,000 and $10,000. The receipts of 5 agricultural experiment stations were less than $10,000.

The receipts from departmental earnings of 2 institutions consisted of sums varying from $600,000 to $700,000, of 1 from $500,000 to $600,000, of 2 from $400,000 to $500,000, of 3 from $300,000 to $400,000, and of 6 from $200,000 to $300,000. Of the remaining colleges there was 1 with departmental earnings ranging from $175,000 to $200,000, 1 from $150,000 to $175,000, 1 from $125,000 to $150,000, 1 from $100,000 to $125,000, 4 from $75,000 to $100.000, 7 from $.50,000 to $75,000, 5 from $25,000 to $50,000, and 6 less than $25,000.

Gross receipts of the institutions from residence and dining halls totaled $6,598,884. The greater part of the revenues is utilized to defray operating expenses of these services, except where the income from residence halls at some of the colleges is used for general institutional expense, a practice that is given detailed attention later in the report. There were four colleges that failed to give their gross receipts, one of which operates neither residence nor dining halls. In the institutions furnishing figures, the income varied from $698,055 at Cornell University, the institution having the largest gross revenues, to $3,721 at the Alaska Agricultural College having the lowest. The receipts are generally large in most of the colleges, indicating that the finances of residence and dining halls require expert business management.

Items of income not classified under the regular sources already outlined are included under miscellaneous receipts. The grand total for all institutions was $6,897,689. Approximately 52 per cent of the total was represented by county funds for agricultural and home economics extension. Further details appear in Table 13.