endowment, including the Dodge Fund, grew from $1,765,000 in 1909 to nearly $3,000,000 in 1922.
The most notable acquisition to endowment came from a massive fund raising drive, the first of its kind Colgate had experienced since that for raising an endowment in 1850 as part of the Removal Controversy. Launched in 1920 under the direction of professional fundraisers, the campaign had originated with alumni leaders and was integrated with a current Northern Baptist Convention fund drive. Its objective, $1,000,000 for endowment and a new gymnasium, won student as well as alumni support and within ten days of its start pledges of approximately $900,000 were on the books, of which the undergraduates had been responsible for giving or getting $153,000 for the gymnasium. By June 1922 the grand total reached was over $1,000,000 of which $150,000 came from the Rockefeller General Education Board in the form of a matching grant conditioned on the University’s raising $350,000. Approximately $517,000 was added to endowment. A new pattern for financing the University was emerging: no longer would it look to the Colgate family for its major support but would turn to alumni, friends, and foundations and soon there would
