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HARVARD EXPENSES ARE $11,000,000 IN PAST YEAR

UNIVERSITY ENDOWMENT TOTALS $92,978,138.11

NO WRITER ATTRIBUTED

Operating expenses of Harvard University for the 12 months ended June 30, 1929, were $11,608,095.10, according to the balance sheet made public yesterday in the report of H. L. Shattuck '01, Treasurer of Harvard University, to the Board of Overseers. The greatest source of income to meet these expenses were funds and gifts, which provided $5,691,539.39.

These operating expenditures show an increase of more than $1,000,000 over the preceeding 12 months. On the other hand, money paid from income from athletic sports, and the expenses dependent upon operating income showed a reduction.

On June 30, 1929, the endowment of Harvard University, exclusive of land and buildings used for educational purposes totalled $92,978,138.11. Expenses were paid from the following sources of income: from funds and gifts, $5,691,539,39; from tuition fees, $2,781,198.31; from dormitory rentals, $768,646.96; from income of dining halls and the Harvard Union, $828,064.86; from income from athletic sports, $853,445.69; from other operating income, $685,199.89.

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