Yale will require an $98,000,000 increase in endowment to meet its present needs, President A. Whitney Griswold said in a report to the Alumni earlier this week. His estimate was originally presented in a report of the University Council last June at the close of the 1955-56 fiscal year.
This sum is approximately equal to the amount needed by Harvard as announced by President Pusey last month. Yale had received about five and a half million dollars through last June, which brought their receipts over the past six years to within two million dollars of an original goal of $78 million set in 1950.
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