1917-1918 Academic Catalog

INCOME AND ENDOWMENT INCOI\IE The income of Cedarville College consists of the interest from its endowment, voluntary subscriptions and offerings from friends, collections from the different congregations under the care of the General Synod of the Reformed Pres– byterian Church, and the tuition fees of the students. ENDOWIIIENT PETER GIBSON FUND Cedarville College practically had its origin in the lib– erality of William Gibson, of Cincinnati, who bequeathed $25,000 for the endowment fund of a College to be erected at Cedarville, Ohio, in memory of his father, Peter Gibson, for many years a prominent member and ruling elder of the First Reformed Presbyterian congregation of Cincinnati. By compromise with the heirs, the trustees accepted $20,000 in full settlement. THOMAS GIBSON FUND Thomas Gibson, an elder in the First Reformed Presby– terian congregation of Cincinnati and president of the Board of Trustees of Cedarville College, left a bequest of $5,000, which came into the possession of the College in 1910. ROBERT M. COOPER FUND By the will of Robert M. Cooper, a ruling elder in the Cedarville Reformed Presbyterian congregation, the College in 1903 came into possession of two-thirds of his estate, which amounted to $4,000. -7-