Abstract
THE Stanford University of California (the Times says) is rapidly becoming the wealthiest institution of the kind in the world. Yet there are several American Universities and colleges which enjoy enormous wealth. For example, Columbia University has an invested capital of £2,600,000; Harvard, £2,200,000; Yale, £2,000,000; the California, £1,400,000; and the Johns Hopkins, £600,000. The endowment fund of the Stanford University cannot at present be stated, partly because the benefaction exists in the shape of property which is rapidly increasing in value. But estimates which appear to be well founded have been made at San Fiancisco showing that at no distant date the University will be worth £40,000,000, yielding an annual income of £2,200,000.
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University and Educational Intelligence. Nature 48, 406 (1893). https://doi.org/10.1038/048406a0
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DOI: https://doi.org/10.1038/048406a0