P cific L Itherau College Bulletin Pu�tlsh.ed Ituarterly by- Pacific Luthen.n CoIlI!!8t: at Tacoma find Pukland, Washington. 1econd-d3.5s m atter pril 26, 1927, at me poIto£fice at Tacoma, Wa:,;hington, under the- Act of August 24, 1912.
TWELVE
YEARS
IN
u
No.4, Part I
F BRUARY,1941
OLXX
Entered
RETROSP ECT
Pacific Lutheran CoI!ege, as a cooperative intersynodical enterprise and as an institution facing immediate decision in the question of becoming a full four-year colle ge of Ii
ra l arts in addition to its present organization, in this issue of t he
BULLETIN offers its supporters detailed information in r eg ard to enrollment, growth. and financial operation and status during the twelve years endin g July 31, 1940.
Most of this information has been made publ ic previously. especially in t he
August is ue
of the BULLETIN, but the information is here presen ted in tabular
form in order to make trends ev ide nt and th.e picture as complete as possible w ithin reasonable compass. Table I shows the scope of the educational program of Pacific Luther:<ll Co llege through these twelve years, also the distribution and the growth of the student enrollment ye ar by year, from 187 in 1928-29 to 445 in 1930-40.
Table II is th
basic statement of financi�l condition, showing assets and liabilities and the surpl us
o( the former over the latter, al s o endowment and other funds and the capital investment.
Tables III and IV break the current assets up into several descriptive
�tegories, and Table V docs the same for the. fixed assets.
Table VI shows the
relation between assets and liabilities and indicates how the laner were incurred, with resultant ope ratin g gain or loss year by )'ear.
the
natUre
fmancial
Tables VII and VIII analyze
of the indebtedness in terms of types and indicate the nature of certain
e f forts.
Table IX shows the nature a nd growth of capital investment, now
totaling more th an half a million dollars. endowment fund, which is
al mos t
\'V'ith Table X the attention turns to the
wholly the result of the effort made in 1927.
Table X gives the record of collections, which shows the effect of the depression,
and also the a mount set up as a permanent fund in harmon y with the. terms of the. pled ges.
Table XI reveals the basic investment policy, and Table XII shows the
relation of the endowment fund to the C oll ege ' s total investment in bonds. Table
XIII show s the resultant endowment fund in co me in det a il , and Table XIV the annual interest return. Table XV shows the use to which the endowment income wa·
put, and Table XV! the extent to which certain trust funds, o wned by friends
of the College, contributed to the e arn ings of
the
endowment investments by
p�rticip Clon therein, a factor of vital significance in the deepest depress ion years.