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Columbia Decreases Deficit During 1948-49 Fiscal Year
Columbia University reports progress toward a balanced budget for the year ended June 30 1949 cutting the deficit from over one million to 175 797 before debt amortization and 393 418 after. Tuition funded half of income with a dollar matched by the university. The university and tenants paid about 1 500 000 in real estate taxes. Educational, instructional and research expenses totaled 9 647 874. Investments comprised 35 percent of income. gifts grants and bequests totaled 2 026 824. About four million came from gifts grants and bequests, a peak in over a decade. Barnard College remains financially independent.
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Columbia University
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