Newspapers / The Yancey Journal (Burnsville, … / Sept. 21, 1967, edition 1 / Page 14
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SCENES FROM Ml. MITCHELL BRIDLE AND SADDLE CLUB HORSE SHOW SATURDAY _ •' 3ws-,y v. I .... . ..y.<.<MxJspp9QpQ: >&■■ '-jky.-.£ «| ■s« ÜbP ' :«x MsmMmtMm v v ■ X V" n j/;- , BY GEORGE! Thr first bill bearing the portrait of a woman was the onc dollar silver certificate series of 1880, which had a portrait of Martha Washington! THE YANCEY RECORD Perkins Gives Basic Needs Served By Duke Endowment CHARLOTTE Hie needs ser ved by i tte Duke Endowment in health, education, child care, and religion are "so basic that they will always be with us" and are not likeiy to diminish in the foreseeable future, Thomas L. Perkins, chairman of Tne Trustees, said in the forty-sec ond annual report of The Endow ment, which was released here Monday. Beneficiaries are hospitals, ed •icaticnal and child care instiiu ■ions in the Carolinas, and re ligious causes in North Carolina. Covering activities of The En dowment in 1966, the report in cludes comments on develop ments in the four areas of its philanthropy, a listing of assist ance to beneficiaries, financial statements, and hospital and child care statistics. Allocations and appropriations in tfie year amounted to $15,566,- 691, bringing to $250,040,836 the 42-year total. Approximate mar ket value of assets at the close of 1966 is listed at $656,991,592 with Duke Power Company stock representing the largest single holding among these assets. Di vidends on this stock have ac counted for 60.73 per cent of the total income of The Endowment since its establishment on Dec ember 11, 1924. In Yancey county, through 1966, allocations and appropria tions to the Yancey hospital at Burnsville, totaled $19,242. Os this amount $14,242 went toward Let The Cold Fall Days And Nights Remind You BE WINTER WISE Get Ready For Winter’s Grip Have Your Heating Problem Checked SEE US FOR THE FINEST IN HEATERS ASHLEY—Wood or Coal PERFECTION—OiI WARM MORNING-Coal SEE US TODAY BLUE RIDGE HARDWARE CO. Burnsville, N.C. assisting it in its expenditures for charity care and $5,000 for construction. Yancey also has shared in assistance provided for building and maintaining ru ral Methcdist churches and for retired ministers and dependent families of deceased ministers who served in the Nortji Caro lina or Western North Carolina Conferences of the Methodist church. Included in amounts an nounced for the county are funds set aside in 1966 for payment in 1967. The summary of allocations and appropriations to the two states, through 1966, shows $151,777,526 provided for educa tional institutions, $58,399,682 for hospitals, $9,160,993 f«r child care institutions, $1,877,714 for retired ministers, widows and dependent children of deceased ministers, and $8,126,299 for building and maintaining rural churches. Funds for educational institutions inciude: Duke Uni versity, $127,708,931 Davidson College, $8,977,323; Furman Uni versity, $9,043,154; and Johnson C. Smith Uuniversity, $6,048,118. The need for more educational diversity* and innovation, parti cularly in the areas of liberal education, is emphasized in the report of the Education Section. Special grants for particular pur poses encouraged the four insti tutions assisted by The Endow ment in their efforts to improve the form and quality of under graduate education. THURSDAY, SEPT. 21, 1967 The Hospital Section descri bes the period of unparalleled adjustment and transition being experienced by hospitals as a re sult of increasing external pres sures for new and expanded medical services and reviews ways in which The Endowment endeavors to help these institu tions meet their growing re sponsibilities. The Child Care Section tells of severe stresses which have come to this field of social service in recent years and of the sensitiv ity of Trustees of The Endow ment to the need to encourage new and more effective pro grams in the interest of depend ent children. Some of the special projects assisted for this pur pose are reviewed. The report of the Rural .Church Section cites contributions of $225,000 to aged ministers and widows and dependent children of deceased ministers, $427,700 to 43 rural Methodist churches for building purposes, and $75 000 to the two Conferences of the Meth odist Church in North Carolina for ministerial support. Also mentioned are special program to he’p meet the needs of rural communities, training opportuni ties for ministers of rural chur ches, educational grants of more than $117,000 to assist students in professional and in-service training, and the Randolph E. DuMont Design Program to en courage better planning of rural churches.
The Yancey Journal (Burnsville, N.C.)
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Sept. 21, 1967, edition 1
14
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