HARVARD FUND TO GATHER 1927 GIFT

The class of 1927 will raise its twenty-fifth anniversary gift to the University through the agency of the Harvard Fund. This decision was reached by the permanent class Committee, and will repeat the action of last year's Senior class which departed from the system of group insurance in vogue up to that time.

The object of the Harvard Fund is to raise money by voluntary contribution from the alumni for the unrestricted use of the President and Fellows of the University. There is no suggestion of compulsion concerning either the fact of the subscription or the amount of it. A subscription blank is sent annually to every alumnus of the University, and the individual has absolute freedom of decision whether to subscribe or not, and how much. These blanks have been sent out to all members of the class of 1927, by Lawrence Coolidge, Class Agent.

Will Get Compound Interest

The Harvard Fund is a most satisfactory way to raise the twenty-fifth anniversary funds and the Harvard Fund Council has agreed to give the advantages of its organization to all classes engaged in raising their class gift. Contributions to the Fund from members of classes less than 25 years out of college may be credited toward their respective class gifts. However, all such funds will be paid over to the Treasurer of the University, and will receive compound interest at the same state as the other University investments.

The goal of the Fund is to attain as near a 100 percent subscription list as possible, and the class of 1926, through the newly-adopted medium of the Fund, last year achieved a larger percentage than any preceeding class.

The Senior Class Committee decided to take advantage of the mechanism of of the Harvard Fund in order to raise the gift of $150,000 which tradition demands from each class upon the twenty-fifth anniversary of its graduation, because of its obvious advantages. In the first place, granting an equal response from the members of the class, the return will be much larger in 25 years than under the insurance plan, where much money is bound to be dissipated in lapsed policies and in profit for the insurance company. At the same time the chief idea of the insurance plan is gained; that is, the spreading of the burden over the full period of years. Last and most important, the committee believes very strongly in the principle of purly voluntary giving, finding something repugnant in the idea of calling in outsiders to force Harvard men to make gifts to Harvard University.