Owing to the requirements already men tioned for admission to the benefits. of the Foundation Fund, the list is somewhat limited of institutions which can apply pensions. In welcoming eligible institutions to this limited list, the Foundation has sought to dis tribute them not only geographically, but among colleges of different types. In 1915, 73 institu tions shared in the pension fund. Twenty were small colleges of the type of Middlebury Col lege in Vermont and Franklin College in Indiana. Twenty-five were strong colleges like Williams College in Massachusetts and Colo rado College in Colorado. The remaining 28 were about equally distributed between uni versities like Lehigh University in Pennsylvania and Tulane University in Louisiana, and a similar group of the strongest universities in the country, whether privately endowed like Harvard in the East or State-supported like the University of California in the West. Ac cording to the ninth annual report for the fiscal year 1914-15, the income received from the general endowment of the Foundation was $696,038.60; from the endowment of the divi sion of educational inquiry, now kept as a sep arate budget item, $50,358.34. The total ex penditures under the general endowment were $669,532.99, of which $510,750.97 went to pay the retiring allowances and pensions in insti tutions on the accepted list of the Foundation, and $124,112.80 to allowances and pensions to individual officers, teachers and widows in in stitutions outside of this list. Forty-four al lowances were granted during the fiscal year, involving an expenditure of $70,900. The num ber of deaths during the year was 15, making a net increase of 29 to the number of allowances and pensions in force, which at the end of the year were 432, with a total grant of $687,370 The grants made during the year represented in all 32 institutions. The trustees held in trust
at the close of the fiscal year under the general endowment securities of the face value of $14,129,000; under the division of educational inquiry $1,250,000. The Foundation and its work have received considerable adverse criti cism and opposition. aThe spectre of a baneful educational writes President Henry S. Pritchett, by a remote agency upon the policy of struggling colleges and universities is one that has been successfully invoked in some quarters. The apprehension that college professors could be influenced in their attitude by the pensions they are to re ceive rests upon two misconceptions; the first, as to the methods of administration. The teacher in the associated colleges does not deal with the Foundation at all. He deals entirely with his college and receives his pension from the college exactly as he receives his salary. The other misapprehension rests upon a mis conception of the character of the American college professor. The university teacher in America has a fairly stiff backbone. Nothing would so arouse his opposition as any effort, however indirect, to control his opinions about education, college administration or any other subject. The sole opportunity the Foundation has to influence the educational judgment of professors is through its publications, and these have weight only as they are sound and prove in the end to be wise."'