ARC-0001 Records of the Endowment Committee
Summary
|
Title |
Records of the Endowment
Committee |
|
Collection Number |
ARC-0001 |
|
Inclusive Dates |
1912-1919 |
|
Creator(s) |
Endowment Fund Committee |
|
Extent |
0.25
linear ft |
|
Processed By |
E. Heidi Yeager, July 1999 |
|
Finding Aid Prepared By |
E. Heidi Yeager, July 1999 |
|
Last Updated |
May 2007 |
|
Abstract |
The Endowment Fund Committee, created by the Michigan
Legislature in 1865, was charged with controlling the endowment funds of
Albion College. This collection deals mainly with land purchases. The Committee was still active in the 1920s. |
Table of Contents
|
Summary,
Access & Use,
Historical Note,
Scope & Content,
Series Description,
Inventory |
Access & Use
|
Acquisition Information |
Unknown |
|
Access Restrictions |
None |
|
Copyright |
The literary rights to this collection are assumed to rest with the
person(s) responsible for the production of the particular items within
the collection, or with their heirs or assigns. Researchers bear full
legal responsibility for acquisition to publish from any part of said
collection per Title 17, United States Code. The Albion College Special
Collections Unit may reserve the right to intervene as intermediary at its
own discretion. |
|
Preferred Citation |
Item, Folder Title, Box No., Records of the
Endowment Fund Committee, College Archives, Special Collections, Albion
College. |
Historical Note
During the first administration of Dr. George B. Jocelyn, second
president of Albion College (1864-1869, 1871-1877), the Michigan State
Legislature passed an act creating the separate college entity, the
Endowment Fund Committee. The act was passed on March 2, 1865.
The Endowment Fund Committee was designated to deal with the
control of endowment monies for the college. The Committee was to be
composed of three lay persons, two representing the Methodist Episcopal
Church. "The Endowment Fund Committee was given authority to
invest interest money in the endowment fund so that it would bear interest
and to pay that interest to the treasurer of the Board of Trustees of
Albion College at regular intervals." (Robert Gildart, Albion
College, 1835-1960: A History, Albion College, 1961: 109)
No record seems to exist as to when the functions of the Endowment
Fund Committee changed, or, when the Committee was eliminated.
The Committee was still active in the 1920s. Currently, most
endowments, gifts, and various monetary donations are handled through the Institutional
Advancement Office, or through solicitations from individual contacts
and various departments on campus.
Scope and Content
The
Records of the Endowment Fund Committee
cover the years 1912 to 1919. The collection is primarily comprised of
correspondence and deeds, related to land purchases by the college.
The Collection consists of 2 series:
Series I: Correspondence
Series II: Deeds
Series Description
The Correspondence series primarily consists of letters
between Samuel Dickie, fifth president of Albion College (1901-24), Judge
Clement Smith, legal representative for Albion College, and farmers owning
land assessment costs to Albion College. In particular, William
Goodsite was one farmer involved in the sale of the Hills Farm as part of
the buy-off of his land assessment on the property. Folders 1-3
contain letters documenting the transactions of the purchase of the Hills
Farm by Albion College on January 1, 1916, among other pieces of property.
Another farmer's land transaction with the College is specified in a
letter dated November 18, 1918, written by Clement Smith to James H.
Nagle, describing the monies still owed to Albion College by Mr. Nagel.
This letter is located in Folder 1.
The second series, Deeds, in Folder 4, contains the deed
to the Hills Farm.
Inventory
|
Box |
Folder |
Series |
Item |
| 1 |
1 |
Correspondence |
Hills Farm and Other
Acquisitions: 1918-1919 |
| 1 |
2 |
Correspondence |
Hills Farm and Other
Acquisitions: 1915-1917 |
| 1 |
3 |
Correspondence |
Hills Farm and Other
Acquisitions: 1912-1915 |
| 1 |
4 |
Deeds |
Hills Farm: January 1,
1916 |
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