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  Scientific 
  Intelligence, 
  

  

  III. 
  Miscellaneous 
  Scientific 
  Intelligence. 
  

  

  1. 
  The 
  Carnegie 
  Foundation 
  for 
  the 
  Advancement 
  of 
  Teach- 
  

   ing. 
  Fourteenth 
  Annual 
  Report 
  of 
  the 
  President, 
  Henry 
  S. 
  

   Pritchett, 
  and 
  Treasurer, 
  Robert 
  A. 
  Franks. 
  — 
  The 
  fourteenth 
  

   year 
  of 
  the 
  Carnegie 
  Foundation 
  closed 
  on 
  June 
  30, 
  1919. 
  Since 
  

   the 
  beginning 
  it 
  has 
  distributed 
  seven 
  million 
  dollars 
  in 
  retiring 
  

   allowances 
  and 
  pensions 
  to 
  852 
  persons. 
  There 
  are 
  now 
  opera- 
  

   tive 
  347 
  retiring 
  allowances 
  and 
  183 
  widows 
  pensions; 
  the 
  

   allowances 
  average 
  $1,943, 
  the 
  pensions 
  $971. 
  Of 
  the 
  total 
  

   expenditures, 
  $5,600,000 
  went 
  to 
  the 
  associated 
  list 
  of 
  73 
  insti- 
  

   tutions. 
  Of 
  this 
  total 
  Harvard 
  has 
  received 
  $556,000; 
  Yale, 
  

   $491,000; 
  Columbia, 
  $405,000; 
  Cornell, 
  $326,000; 
  Amherst, 
  

   Johns 
  Hopkins, 
  Massachusetts 
  Institute 
  of 
  Technology, 
  Prince- 
  

   ton, 
  Stevens 
  Institute 
  of 
  Technology, 
  Tulane 
  University, 
  the 
  

   Universities 
  of 
  California, 
  Michigan. 
  Minnesota, 
  Missouri 
  and 
  

   Wisconsin, 
  each 
  received 
  more 
  than 
  $100,000, 
  the 
  average 
  for 
  

   these 
  eleven 
  institutions 
  being 
  $130,000. 
  

  

  The 
  resources 
  of 
  the 
  Foundation 
  were 
  increased 
  during 
  the 
  

   year 
  by 
  three 
  and 
  one-third 
  million 
  dollars, 
  two 
  and 
  one-half 
  

   million 
  from 
  the 
  Carnegie 
  Corporation 
  and 
  the 
  remainder 
  from 
  

   accumulated 
  income. 
  The 
  total 
  resources 
  now 
  amount 
  to 
  $21,- 
  

   643,000, 
  representing 
  the 
  permanent 
  general 
  endowment 
  of 
  

   $13,150,000. 
  the 
  endowment 
  of 
  the 
  Division 
  of 
  Educational 
  

   Enquiry 
  of 
  $1,250,000, 
  and 
  three 
  reserve 
  funds. 
  One 
  reserve 
  

   fund, 
  now 
  amounting 
  to 
  $6,512,000 
  and 
  increasing 
  at 
  the 
  rate 
  of 
  

   six 
  hundred 
  thousand 
  dollars 
  a 
  year, 
  is 
  to 
  be 
  spent, 
  principal 
  

   and 
  interest, 
  in 
  the 
  retirement 
  during 
  the 
  next 
  sixty 
  years 
  of 
  

   the 
  six 
  thousand 
  teachers 
  now 
  in 
  the 
  associated 
  institutions. 
  

   Another 
  reserve 
  fund, 
  now 
  a 
  third 
  of 
  a 
  million 
  dollars, 
  is 
  to 
  be 
  

   accumulated 
  to 
  one 
  million 
  dollars 
  and 
  expended, 
  principal 
  and 
  

   interest, 
  in 
  aiding 
  universities 
  and 
  colleges 
  to 
  adopt 
  the 
  new 
  

   plan 
  of 
  contractual 
  contributory 
  annuities 
  inaugurated 
  by 
  the 
  

   Foundation 
  during 
  the 
  year. 
  This 
  plan 
  has 
  been 
  formally 
  

   adopted 
  by 
  twenty-nine 
  institutions. 
  

  

  The 
  Teachers 
  Insurance 
  and 
  Annuity 
  Association, 
  established 
  

   to 
  carry 
  out 
  this 
  plan, 
  contracted 
  for 
  annuities 
  representing 
  one 
  

   million 
  dollars 
  and 
  life 
  insurance 
  representing 
  three-quarters 
  of 
  

   that 
  sum 
  during 
  the 
  first 
  six 
  months 
  of 
  operation, 
  and 
  more 
  than 
  

   double 
  these 
  amounts 
  during 
  the 
  first 
  year. 
  The 
  Association 
  is 
  

   in 
  no 
  sense 
  a 
  rival 
  of 
  commercial 
  insurance 
  companies, 
  having 
  

   been 
  established 
  with 
  a 
  gift 
  of 
  one 
  million 
  dollars 
  to 
  provide 
  

   for 
  teachers 
  in 
  universities 
  and 
  colleges 
  (without 
  overhead 
  cost), 
  

   contracts 
  of 
  insurance 
  and 
  annuities 
  that 
  are 
  inexpensive, 
  espe- 
  

   cially 
  adapted 
  to 
  the 
  needs 
  of 
  teachers, 
  and 
  not 
  to 
  be 
  had 
  else- 
  

   where. 
  

  

  The 
  present 
  report, 
  the 
  first 
  issued 
  since 
  Mr. 
  Carnegie's 
  death, 
  

   contains 
  a 
  tribute 
  to 
  his 
  service 
  to 
  the 
  teacher, 
  remarkable 
  in 
  

  

  