ENDOWMENT FUND GETS OVER $1,000,000 IN 1923

Of the money pledged to the Harvard Endowment Fund up to January 1, 1924, only about 13 per cent or $1,847,631 is restricted in its use by the University, according to the report for 1923 of Eliot Wadsworth '98, chairman of the committee in charge of the fund. The report was made public last night. The remainder of the $13,945,536 subscribed was given without restriction.

The total figures represent the pledges of 23,477 men. Of these pledges two-thirds or 15,140 are paid in full, leaving 8337 accounts on which instalments are still due, to the amount of only $1,962,000.

There has been no solicitation for additional money since the original drive of 1919-20, but in 1923 twenty-six new subscriptions, amounting to over $4,700, as well as 61 increases in subscriptions which totaled $51,831, have been received. These figures compare favorably with those for 1922, when $4,631 were received from 26 new subscriptions and $20,389 in increased subscriptions of 72 donors.

The total payments in 1923 were about $1,071,000, or $50,000 less than in 1922; but the number of subscriptions completed in 1923, the end of the first five year period of payment, was 3,695, whereas in 1922 only 693 subscriptions were completed.