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Show Westminster College Receives Last Installment of Grant Westminster College Tuesday received $47,500 as the second and final installment of a total endowment endow-ment grant of $92,500 from the Ford Foundation to the College, it was announced by Dr. Frank E. Duddy Jr., president. The first installment in-stallment of $45,000 was received in June, 1956. This $92,500 is part of the Ford Foundation's $210 million program of grants to help private, regionally-accredited, degree-granting colleges col-leges and universities to increase faculty salaries. Under the terms of the grant the principal shall be held by the institution receiving assistance as as endowment until July 1, 1966, and the income from the investment invest-ment of such principal shall be used only to increase faculty salaries. With such assistance as this, according ac-cording to Dr. Duddy, Westminster College has increased its instruction instruc-tion budget from $115,000 a year ago to a projected $150,000 for the coming school year. Since July, 1956, each full-time faculty member mem-ber has received a pay increase of at least $300. |