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Caption: UI Library School Alumni Newsletter - 27
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ENDOWMENT FUND Financial report of the Trustees of the Alumni Endowment Fund period from June 1. 1937, to May 31, 1938. * During the twelve months' period covered, there have been no ad to the principal sum; earnings on the investments have amounted to t ? Our income from invested funds has been further reduced by the chan* interest rate paid by the Commercial Building and Loan Association fro* to 4%, beginning with the payment made December 1, 1937 W.th this ch our present income from the two major investments noted below is $300-«xa the amount of an annual scholarship. Without additions to the principal therefore, our assets have had no chance to increase appreciably. * The sixth annual K. S. Sharp Scholarship of $300 was paid to the versity in March, 1938, for use during 1938-1939 The resources of the fund at present in the hands of the Trustees are: 4 per cent stock certificate, Commercial Building & Loan Association, Urbana, Illinois $5 000.00 5 per cent bonds, University of Illinois Women's Club 2 000.00 On deposit in Bowery Savings Bank, New York City 174.01 Total $7 174.01 June 1, 1937Sources of this amount: Reported, 1937 May 31,1938 Total to tot From life memberships and special contributions, augmented by authorized advance of $596.00 from the general treasury in 1927... .$5 866.00 $5 866.00 From interest collections 2 792.78 $315.25 3 108.03 Less scholarships paid (1 500.02) (300.00) (1 800.02) $7 158.76 $ 15.25 $7 174.01 Respectfully submitted, J. S. CLEAVINGER & *£ * rTtb* 1 Socth Mary is cbairtn* 0 ,T , . , _. , New York City, June 1, 1938 For the Trustees Dorotb; Illinois L i Committer AbceK Round Tab Public Lib) Mary! Ten :at ker school training been given ing the be D. Taylor, of Library Miry « * ALUMNI REUNIONS Louisiana-A breakfast was held at Natchitoches on April 28 by the nine alumni present at the State meeting. sent°M?TnTi M r < : w , Sphered "for a reunion at Corvallis. Th b,g b X fl o tuIi s excelbnt c ' n d n t n . ^ " ^ * ° ° ^ P which arrived » the T ? x ^ L i b r a l v activlin arrangfn? in it ?X S breakfast As« O C , a r l o n 7 t . A s F U r tee aI Umni tasappob ot* the T c aeonal u held during the 27th meeting « 8 . ™as well attended. Octavia Rogan wa ^SI^^&Z^'S^ meeting abreakfast was he,d " * b f J ^ T ^ S ' ^ r ^ ^ ^ ^ y ^ alumni gathered f r a o ta klahoma Minnesota Minnesota-Amy M o reports that s x in ^m a n ^ e d ° on a he Associ; at the Association banquet, no other * m L i i I K "> sit togeth. Washingt P r g e ,un Since this group' i s \ n m \ f f ^ i j ^ h U £ ^ , 3 ^ c h e o n last M r notice of their meetings this year P °kabl e that we have mi Kentucky—We always can count on a rennrtl r a have a reunion at the State meetinc- anri u i, I?S ° * successful t
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