Repository: UIHistories Project: Book - 16 Years (Edmund James) [PAGE 8]

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CHAPTER I THE INCOME OP THE UNIVERSITY The Income of the University of Illinois is derived chiefly from three sources: various appropriations made by the United States Government; appropriations made biennially by the State of Illinois; and the fees paid by students of the University. Within recent years considerable sums have been received also from miscellaneous sources, the most important of which are sales of various products resulting from the regular work of the University, either of experimentation or of instruction. Then, too, several noteworthy gifts have recently been made to the University. The various appropriations which have been made to the University are as follows: 1. Appropriations by the Federal Government By the Morrill Land Grant Act of 1862 the national government donated to the State of Illinois scrip for 480,000 acres of public land for the endowment and support of a College of Agriculture and the Mechanic Arts—30,000 acres for each of its senators and representatives in Congress. The sale of this land has brought to the University an endowment fund of approximately $650,000. The Hatch Act, approved March 2, 1887, provided for an appropriation of $15,000 per annum to each state for the purpose of establishing and maintaining agricultural experiment stations in connection with the colleges founded under the act of 1862. In 1890 a second Morrill Act was passed by Congress, by which there was appropriated for the support of each of the land-grant colleges the sum of $15,000 for the year ending June 30, 1890, and in each succeeding year a sum larger by $1000 than the amount of the preceding year until the amount should reach $25,000 a year. Thereafter $25,000 was to be paid annually. The sum of $25,000 has been received by the University each year since 1900.

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