The Gavelyte, October 1914

CEC/.RVILLE COLLEGE Cedarville College Endowment. Every institution of any importance, educational and otherwise, has its "field man,'' who is on the job from the beginning of the yie,ar until the clof'e. So far as I know, this is the first time in its history that Cedarville College ever attempted a systematic, continuous ,cam– paign in the interests of its endowment. The writer began a term olj employment of one year in be'half of our college on the sixth day of July, last, and it is yet too early to forecast just what the net results of the yrnr will be. It is the purpose of this article to set forth brief– ly the plans being pursued and the results attained to date. The inception of this movement occurred! when the bo.ard of trustees of the college held its annual mEeting in connection with the last commencement season. At that time a committee was ap– pointed, composed of S. C. Wright, chairman; Dr. David McKinney, precident of the college, and Dr. Vi'. R. :.\IcChe,sney, dean of the faculty, whoi'e duty it was to devise ways and means to increase the endow– ment. A.,ol:lt two weeks later, a special meeting ·of thB boa.rd was callf.d ar.d Lhe committee r eported, recommending that a financial ageat be r'"cPrl in the field for a pEriod of one year, and it was made bis duty tc . eek money and students for the college. The board then l'fl'Ommendecl that the w1 it-::r Le employed for the work. It followed that Dr. :'.\lf'.Ki11ney was made chairman of the committeB and a con– tract was entered into between the writer and the committee for th,3 p~riod of a year's service. 1t is sought to raise money in three ways: Fi1st, 11.r direct gifts without conditions for the permanent endmv– ment funds. :\Ioney is also accepted for current expenses, scholar– i::hip1o, or ars other special purpo'-'e which the donor may direct. Second, lJy securing wills with b equests in favor of the college. Third, by the sale of Life Annuity Bonds, which at the same time absolutely and perpetually secure the gift to the board of trustees without po ,ihle litigation or loC's, and provide a secure life income fol' th<> donor. The principal is immediately inv€Sted and becomes in it– SPlf an ad di tic nal sec-urity for the payment of the annuity to the annuitant. Pp to th0 present tim0 the sum of $4,21 l.OO bas bEen secureicl for tl1e 11erma11<•11t 0ndowrnent fundf-, lJy direct gifts. A portion of this was cac;h, a large part is due and \\ill l!e pa;d .January 1. 1915, and th rFmaindc>r will be paid in equal vayrnents du1·i11g a period of four yfars. H) th" annuity plan. the:> sum fr $~.000.001 froP1 one individual al)(I $100.00 from another has lJten t'el'urcd. Ah;o, during the thl'ee month ' JJPI iod onP ill I\ a madr in II hil'h the c·ollPg-e is remembered. lfowc, 1 1, 110 C'!'I <lit for 1111 is l'laim d IJ) the linancial ngent. 5