Report of the Treasurer for the Year Ended

Report of the Treasurer for the Year Ended

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ...of the Woman's Boards from such sources for the past year have been only about $224,000, or $76,000 short of what they are entitled to receive. Legacies Legacies are becoming less and less a dependable quantity. The actual cash receipts from estates were only $65,465.28, the smallest sum for many years. The wisdom of establishing a Twentieth Century Fund for the averaging of legacies was never more clearly demonstrated than during the past year. Notwithstanding the gains from other sources, but for the Twentieth Century Fund we should have had a debt of about $50,000. Following the conditions established for the use of this fund, the amount available for current expenditures was determined as follows: The Twentieth Century Fund balance September 1, 1910, was $273,130.76 The income for the year was 11,371.64 The legacy receipts for the year. as acknowledged in the Missionary Herald, were 65,465.28 Total $349,967.68 One-third of this amount, or $116,655.89, was available for use as legacies, $51,190.61 being taken from the Twentieth Century Fund and the income of the fund. This leaves only $233,311.79 in the fund, or about $40,000 less than a year ago. It has been deemed necessary to keep this fund at not less than $250,000, and it is expected that the fund will exist as long as the Board lasts to give steadiness to the current work of the year. There may be those who will be stirred to add now to this fund, and it is hoped that gifts may be received which will restore it to the original amount, or which will increase it materially and make it yet more effective. Legacies are greatly to be desired, both small and large. The work will suffer materially if they are not to be counted upon as a factor in the future. There is no computing...
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Product details

  • Paperback | 40 pages
  • 189 x 246 x 2mm | 91g
  • United States
  • English
  • black & white illustrations
  • 1236828089
  • 9781236828088