Endowment Funds

The income of the Institute is derived mainly from dues, advertising in MINING AND METALLURGY and sale of publications. These sources fortunately are supplemented by the interest from invested funds now amounting to over $500,000, a considerable portion constituting endowments for special purposes. Aside from the medal funds the principal endowments are the James Douglas Fund for support of the Library, the Charles Hayden Memorial Fund, designated to further the education of Student Associates, the Rocky Mountain Fund, and the Seeley W. Mudd Memorial Fund. The income from the two last named is available for the support of research and a variety of other purposes. It is allocated by the Board of Directors upon recommendation of standing committees in each case. An active effort is being made to increase the endowment funds of the Institute through a standing, committee, of which H. T. Hamilton is chairman, and of which the other members are: W. H. Aldridge, George D. Barron, Cleveland E. Dodge, Henry Krumb and J. V. W. Reynders. This committee feels that there exists a tremendous opportunity for the Institute to be of ever-growing service to the public, to the mineral industries, and to the profession. It welcomes suggestions as to names of men of means who are vitally interested in the mineral industries, and to whom the opportunity to make a contribution or bequest might appeal favorably if presented in the proper light by the committee.