DEPARTMENT OF THEOLOGY AND REL.IGIOUS EDUCATION

(Formerly Alfred Theological Seminary) Endowment Report

The Theological Fund

By action of the Board of Trustees of Alfred University at the meeting held October 15, 1926, the name of "The Alfred Theological Seminary" was changed to the "Department of Theology and He·

ligious Education."

·'J.'hls fund consists of money or securities given, bequeathed or devised to Alfred University, to be invested and kept invested, the In- come ·alone to be. used, either for the maintenance of the •.rheological Department generally, or for some specific department of it. Prior to the fiscal year 1921-22, the investments of the Theological Fund were included in the University Fund report, Schedule 3, but be- ginning with the Treasurer's Report for 1921-22, the investments are reported separately, and the ln'come from such Investments credited direct on the Theological Department records, Schedule 27.

Theological Endowment Funds Hel<i by the Treasurer on July 1, 1929 General Fund ...•..••. , ... , •

Nathan V. · Hull Professorship of Pastornl 'l'heology ...•... ,· ...

Professorship· of Church Iii story and Homi- letics .... , ... , ... , •. , .... . l'lalnfle!fl Professorship of Doctrinal

·'l'heology ... , ...•••• , . , ... . Alfred Colllns Fund ... , ... , . Henrietta Van Patten Bahcock J<'um!. ... . Fund to Ai<! Young People Preparing for

the Ministry •...•..•. , 'l'otal , . - . . . , , . , . , .. , •

$ 9,282 03 4,000 00 2,000 00 768 00 200 00 10,000 00 2,200 00

$ 28,450 OH

DEPARTMENT OF THEOLOGY (Endowment) 109

Theological Endowment Fund Investments

Held by the Treasurer on July 1, 1929 Ueal Estate Mortgages

1500 Ella F. Carr to Alfred Uiiiversity. . $ 4,200 00 B. and M. · dated April 9, 11112;

1501

lo04

1505

1506

1507

150/l

$4,200 ; 3 years ; 6 per cent ; ·156 Morningside Place, Yonkers, New York; lot 28½ x 82½ ; frame build- ing, 211/2 x 42, with front and rear porches, each 6 feet wide ; 3 stories ; 8 families; appraised; $!!,800 ; insurance, $fl,OOO, rental value $53 per month. '!'hos. A. Hanrahan, present owner. (cl'ransfei·red from Scholarship l<'und No. '151).

Dominick Cannn vo nnd Angelo Cn.n-.

navo to Julia M. B. Ambler, Herbert G. Whipple and Franl, L •.

Morse. as Jllxecutorn of the will of Henrietta V. P. Babcoclc ... , B. and M. dated April 8, 1919 : due July 1, 1922; $1,900; 6% ; Premises 701 Nepperhan Avenue, Yonlcers, N. Y. Assessed vnlue

$3,500 ; Insurance $3,000. Assign- ed to A. U. l>y Inxecutors of. tiHi will of Henrietta V. P. Babcock.

Julius Czarneclli present owner.

Prudence Company ... · ... ; ..

Guaranteed First Mortgage Certi- ficate, dated February 26, 1924, due January 1, 1931, No. E918;

Interest

5½

% January 1 and July 1,

Prudence Compa11y ... . Guaranteed First Mortgage Certifi-:

cute, dated December 8, 192a, ·due January 1, 19:10, No. E529; Inter- est 5½% January 1 and July 1.

New York Title aml Mortgage Co.

Guaranteed First Mortgage Certifi- cate, dated January 30, 1924, due January 1, 1931, Ko. 57, Serles N-20j· Interest 5'/2 %, January 1 and uly 1.

New York Title and Mortgage Company ...•...

Guaranteed First Mortgage Certifi- cate; dated March 2~ 1925; due July 7, 1930; 5½ '10 ; No. 52.

Series N-38 ; Interest payable .Janu- ary 1 and July 1. . ·

New York Title and Mortgage Co.

Guaranteed First Mortgage Certifi- cate·;· Due May 14, 198~; No. 80, Series N-47; Interest 57ii

%,

pay- able June 1 and December 1.

1;00() (){)

2r;o oo

100 00 ·

100 00

200 00

100

00

110

150fl

1510

1510a

1511

1512

1512a

ALFRED YEAR BOOK, 1928-29

Herbert W. Heath to ,Alfred Uni-.

versity ••...••....•...

B. & M., dated_ January 23, 1911;

$4,500 ·; 3' years ; 6% ; house and lot 87 rnenwood Avenue, Yonkers, N.

Y.; lot 140¼ x 125 feet; house 27 x 30 ; first. story concrete block·' construction ; second story shingled ; · Insumnce $5,000,. appraised, lot

$3,000, house $6,000. El. C. Boehme present owner. (Transferred from University Fund No. 71). - Albert Hofl'man and wife to Alfred University . . . . B. & l\'l., $3,oOO; dated January 5, 1911 ; 3 years; 6% ; lot 50 x 100;

112(1 Arlington Avenue, Yonlrers, N. Y. ; frame dwelling house, 2 story and attic ; first story stucco, sllingl-·

eel above ; 7 rooms and bath ; hot water heat; electricity and gas.

Appralsecl $6,000. Present owner,

Mrs. Elsa M. Yauch. ,

Elsa M. Yauch to Alfi'ed University B. & M .. dated October 28 1925;

due October 1, 1928; -$1,506 ;_ 6% ; additional loan on same property as

No. 1510. .

( 1510 and 1510a transferred from University Fund Nos. 72 and 72n) Agnes J. Harrison and husband to Alfred University ... · ... . H. & M., $2,000; dated June 16, 1911 ; 3 years ; 6% ; lot 25 x 100 ; 280 Jessamine Avenue, Yonlrnrs, N.

Y.; 2½ story frame dwelling; 2 fam!lius; appraised $4,100. Present owner Simeon Wyshkanich Estate.

(Transferred from University Fund No. 74).

William D. Clark and Anna Clari<

to Alfred University ... · ..

B. & l\'l., dated June .15. 1914; due October 1, 1917 ; $4,000 ; 6% ; lot 5 Purser Place, Yonkers, N. Y.

Plot 25 x 10() ; frame building 22 x 45, with porch and balcony, and enclosed rear porches ; 2 stories ; 6 rooms and bath each floor; steam heat, electric lights;

appraised ,$6,700. Present owner, Mrs. Bed;ha L. Meyer. ·

~ertha L. Meyer to Alfred Univer- sity . . . . B. & M .. dated November 20, 1924;

clue AprU 1, 1028; $2,500 additioµal on same 'property as No. 1512; 6%;

appraised for taxation at $10,000 in 1924. · (Nos. 1512 ancl 151211, trans- ferred from University Fund Nos.

84 and 84a).

4,50\J 00

3;500 00

1,500 00

2,000 00

4,000 00

2,r,00 .on

DEPARTMENT .OF TH:\llOLOGY (Endowment) 111 1513 N. · Y. Title and Mo,tgage Com-

pany ...••...•...

Guaranteed First Mortgage Certifi- cate; dated July !), 1926; due Octo- ber 30, 1936 ; No. 108, Series N-58;

5½ o/o. Property located in N. Y.

City. Interest April l · and Octo- ber 1.

1514 New York Title and Mortgage Com- pany . . . . Guaranteed First Mortgage. Certifi- cate No. 1569, Series F-1, due Dec.

1, 1938, Certificate dated, June. 13, 1928 ; Interest 5 ½ % ; June 1, and Dec. 1.

Corporate Bonds Pennsylvania Operating Corporation

The Pennsylvania Builr1in¢: First Mortgage Fee 6% Sinking Fund 15 Year Bonds; dated May 1, 1924;

due May 1, 1939; Nos; 333-334-336,

$1000 ea.ch ; Coupons ·payable May, 1 and November 1. '/Transferred from Scholarship Fund).

Cash Uninvested July 1, 1929 . . . . Total Theological Fund

100 00

500 00-$ 25,450 00

3,000 00

03

$ 28,450 OH

112 . ALFRED YEAR BOOK, 1928-29

INCOME.REPORT

Department of Theology and Religious Educati.on From July· 1; 1928 _to June 30, 1929

Reve·nue Balance on hand July 1, 1928. · .. ·.·.· .... · Inc:ome from lGndowment held In trust by :

Alfred University :

'l'heological Fund Investmen_ts:

Mortgages:

1500 Thomas A. Hanrahan . . . $ 1501 Julius Czarnecki ... . 1504 Prudence Company ... . 1505 Prudence Comvany ... . 1506 N. Y. Title & l\lortgage Co.

1507 N. Y. Title & Mortgage Co.

1508 N. Y. 'l'itle & l\Iortgage Cq.

1509 E. C. Boehme ... : ... . 1510-1510a Elsa l\I. Yauch ... . 1511 Simeon W ysllkanich Estate.

1512-1512a Bertha L .. l\Ieyer 1513 N. Y. 'l'itle & Mortgage Co.

1514 N. Y. '.1:itle & Mort¥age Co.

252 00 114 00

rn

76 5 50 5 50 11 00 5 50 270 00 300 00 1:W 00 390 00 ·

5 50 2!5 '/.4

$ 1,519 50 Corporate Bonds:

Pennsylvania Operating Corpor-

ation . . . . . . • . . . 180 00 Total Theological Fund Income. . . . $ 1,699 50

which has been distriiluted pro ' rata ( $5.97 per $100) . among the lndi vidual funds composing the

Theological Fund General Fund . . . . Nathan V. Hull Professorship of Pastoral Theology ... . Professorship of Church History

and Homileties ...•...

Plainfield Professorship of Doc- trinal Theology . . . . Alfred Collins Fund . . . . Henrietta Van Patten Babcock Fund ... , . Fund to aid Young People Pre- paring for the Ministry ... . Income from Endowment held in trust by :

Seventh Day Baptist Education Society :

554 48 238 94 119 47 45 87 11 94 597 38 131 42-

General Fund . . . . . . 1,732 12 Twentieth Century Fund . . . l 82 Fund to aid Young People Pre-

paring for the Ministry . . . 56 26-

$ 995 37

1,()99 50

l,700 2(>

\

DEPARTMENT OF THEOLOGY (Income) 113

Board of Trustees of the Seventh Day

Baptist Memorial Fund : Plainfield Professorship of Doc-

trinal Theology ... . Professorsi)ip of Cburch History and Homiletics •... · ...

Nathan V. Hull Professorship of Pastoral Theology ... . Twentieth Century Fund ... . Contributions for maintenance through the Seventh Day Baptist Education Society, Onward :Move- ment Fund ... .

Total

Expenditures Salaries 1 ...•...

Maintenance :

Fuel and Light . . . . $ Janitors . . . .

· Repairs ... . Sundries, . . . . Supplies ... . Traveling Expenses ... . Young People Preparing for the Ministry:

Carroll L. Hill ... ,", ... . Ralph Brooks ... . Harley Sutton ... . Everutt Harris ... : .... . Balance on hand June 30, 1929 ·: ... . Total ... ,. .. ,: ... ' , ... ·. •,

University Bank

BALANCE. SHEET Debit

' , Gl'edit

562 16 378 11 2 02 9 58-

232 30 99 98 12 34 137 94 10 40 24 00-

50 00 50 00 50 00 68 00-

Maintenance Fund . . . $ 1,lU 70 I~und to aid Young People Preparing

for the Ministry . . . . . . 212 46- :j;

$

951 87

\

468 53 5,905 47

3,833 2(\

~1() 9,i

218 OU 1,837 ,2fi

$ 5,905 47

$ 1,337 2r,

1,337 2fi