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Caption: Board of Trustees Minutes - 1928
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588 BOARD OF TRUSTEES [April 12 Trust Funds Endowment funds from private gifts for special purposes (see Schedule D ) are distributed as follows: Educational Endowments $110 000 Student Loan Endowments $161 657 (Of which $110,908 was outstanding in student notes at the end of the quarter) Scholarship and Prize Endowments $ 89 172 Other Endowments $ 97 931 Total $458 760 Indebtedness on Property Outstanding indebtedness on University property at the end of the quarter consisted solely of 6 % bonds totalling $60,000 on the Dental Building in Chicago, due in 1932. Of this amount $7,600 is held in the Treasury of the University (Schedule D ) . Residence Halls A summary of the operations in the residence halls for the year to March 15, 1928, is shown as Appendix I. The balance from operations in the residence halls at that date was $120,502, and in the Davenport House $8,706. Stadium Fund A n Appendix is included giving the report of the Memorial Stadium Fund, of which the Board of Trustees is custodian. Lloyd Morey Comptroller
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