UK HOME

ExploreUK home

Collections: 
0-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

29 > Image 29 of The Kentucky Kernel, April 15, 1955

Part of The Kentucky Kernel

THE KKNTITKY KKItNKU Frirhn. April IS. i.,., Giving Away, $50 Million Has Its Difficulties By FRF.D M. IIECIIINGER X. V. Herald-Tribun- e Giving away fifty million dollars wisely is one of tin most difficult tasks. Giiug it away without making some enemies is impossible. Last week the Ford Foundation announced that it will give colleges and fifty million dollars to accredited, private four-yea- r universities to help them raise faculty salaries. This Is probably the most imTake some examples: six leading portant, mast non- governmental grant ever made to Eastern men's and far-reachi- ng American higher education. It comes at a time of crisis. It is unprecedented in scope and aim. Because it will have to single out Institutions and overlook others, it will be a delicate op- pration. The Ford Foundation at this time is therefore understandably reluctant to discuss details. But these questions can be asked and answered: Who will be eligible for the Ford grants? Accredited, private four-- y ear undergraduate institutions who are not primarily professional or voca . tional colleges.' 'Private" means that they are mainly .supported by funds: it includes denon-publ- ic nominational institutions. 530 colleges will be eligible. About Why Is this grant needed? Faculty salaries are dangerously low. Merely to restore the salaries of fun proiessors to tne purchasing they enjoyed in 1940 would an average national in- crease by 20.5 per cent. Even this would leave them considerably beWar II low the relative income position in comparison with other professions and trades. pre-Wor- ld FLOWERS For Any Occasion colleges now find their professors' salaries at 70.5 per cent of 1940 purchasing power; three leading Eastern worn-som- e en's colleges at 78.7 per cent: five sniall North Central and Pacific colleges at 85.7 per cent. (Remem- ber that college teachers were not getting rich in 1940 either!) Why is this a special time of critical need? A student's tuition pays only for between 40 and GO per cent of the cost of his education. High taxes have made large personal endow ment gifts hard to get. Total college enrollment may double within the next ten years to reach almost 5,000.000 by 1$75. Therefore: teachers now at the colleges must be held there; talented new teachers must be attracted and trained. This must be done at a time of high employ- mcnt. high salaries and a highly competitive labor market. member that the future of versal public education and there- f0re of the country depends on the quality of higher education.) How many will got how much? No definite statement is avaij-abl- e. But a safe guess is that not fewer than fifty, and probably not more than about 100 institutions will be chosen. This means nobody will get more than $1,000,000. The range will probably be between that maximum and $500,000, though a few may get less. From the foundation's point tf view it mi?ht have been easier to scatter the money over the entire landscape and make nobody mad. But splitting even $50,000,000 into too small fragments would turn the e campaign plan from a to improve the salary pattern into "Re-pow- er uni-requi- re long-rang- CALL 417 East Maxwell 3-09- short-rang- l.ar 29 a better baraininc position ppMte their lesHature; i. In the hlKh enrollment ahead the tak rf the financially weak but ui ademu'allv mpi.h colleges will U to safeguard sthi!astie stanl.ud; 4. 'Private philanthropy." :aid one foundation spokrvman. "has a special responsibility to private in M Hut ions." Otr.ir oi.ers In tne ana nn! rertmi .! the .ic!ettin will airtv try for a wide regional will have to ledouble thrir r f f i t to keep up with the leeipients of the grant. This may help then fund ratlins and may jwrMiwW some donors not to attach hmituik strli.es to their gifts. Coi porations, now inrrrastngh looking for whe ways of making their contributions to hiuher education, may imitate the Fnrtl plan and give similar support t some worthy .schools which will -- Will the plan he an attempt to '"equalize" salaries? No. If it were, it might favor school that have been spending a j.reat deal of money on other What about those who will be items but have irresponsibly saved on faculty pay. left out? Will there be ome 'hidden" Some will be plain mad. They will accuse the Ford Foundation of bcuefits? a multitude of sins. They will Yes. The college that gets a grant point out mistakes. A foundation and must match it has a power- spokesman said: "A scheme such g operaargument. Alumni as this cant be a card-fil- e ful can be told that by not giving they tion. We will have touse om not only withhold their own con- Judgment and that of qualified We must also have the tribution, but jeopardize the ord right to make mistakes." gilt. fund-raisin- ad-vivr- e. How and when will the selection be made? In the near future a general letter will go to the' eligible in- stitutions, explaining the plan. Some time later a special advisory committee will send out a more detailed letter and a questionnaire. The information received through that questionnaire, plus unspecified expert background research and examination by the advisory committee, will lead to the final selections. No applications or statements of needs will be considered. No dates have been set. But it is likely that the recipients will be notified some time in 195G. They will then be given up to two years to raise the matching funds. The first benefits therefore should be felt in 1957-5. Why were state and municipal institutions omitted? Many cf them have been able to improve faculty salaries more effectively than private eolleues. pot the Six larpe state univer.-itie-s salaries of full professors up to 92.8 per cent of 1940 purchasing U. K. Day AT EMBRY'S 31 fine knit suits in dark cf high shades. NOW Were 35.95 to 89.95 35 Tweed and ccmel hair sports jackets. NOW Were 25 95 to 45.95 8. c0 junior. dresses, cotton, faille, sheer. NOW Were 19 95 to 69 95 Skirts in tweed, flannel, gabardine, permanently pleated-wool- . NOW Were 10.95 to 35 95 power. a dole. While the needs of publicly fiHow will it work? nanced institutions are lully apWhen a college is selected, it will preciated, the fact.shue: be told how much money it is to 1. These schools have a tancible get and with how much it must source of funds the legislature; match the grant. The matching 2. If the foundation plan will ratio will be determined for each The minimum will be raise salaries in some leading institution. in the state, the state one dollar for one dollar. The probably be three universities, in order to compete maximum will dollars for each foundation dollar. in the faculty hiring market, will Michler Florist DIAL The match;:. money mut le raided; it may not come fi:n hinds the tollepe alieady lias. The total amount must be added to the endowment and will then-loryield a return at the gtnernl rate of between 4 and 4 5 per cent. The piii.cipal of the foundation part of the amount cannot be touched: cnlv the income may be used. Tim leMriction does not apply to the matched part of the total, but whether only the interest or part of the capital is used, it can be applied only to faculty salaries. Take an example: A collepe gets $500,000. It is required to match it one to one. A total of $1,000,000 is added to the endowment, earmarked for faculty salary improvement. At a rate of return of 4 per cent i somewhat less than the current average), the college' will have an annual minimum of $40,000 available to raise faculty salaries. It will continually have at least $20,000 a year, even if it cuts seriously into the capital of the matched part. In other words, the effect of this plan is permanent rather than YOUNG SOPHISTICATE Embry SHOP j OFF U OFF '4 OFF 3 OFF FIRST FLOOR Co, COOL COMFORTABLE s J CORRECT PALM BEAC SUMMER FORMAL No need to bo tmcoinfoit.il' oMihcated at tonsil afiaiis this summer. Now you can enjoy the famous coolne ss ol Palm beach tlpth in this handsomely shied, impeccably correct Palm Heath It holds shape and press beautifully in even Inis remarkably wrinkle-resistanthe hottest weather-a- nd tailoring assures a perfect fit. Select our Palm clusive, built-iSummer Formal. t. Palm Peach White Formal Jacket 29.95 n Beach Summer Formal-now- . .tdi MMuicM blue Trousers 12.95 Palm ! Ouimneibund and Tie Tux Jewelry Sets Arrow Tuxedo Shirts S ts 5.95 up 3.50 up 6.95 ..... - I ,. rv