UA-R-GC-1914-01-01-1963-02-14_Page-076

r ~ .1 ' , I 1 - 3 - Profile of American Universlty 1n Cairo Table XVII-continued 1962- 1963 1963- 1964 1964- 1965 1965- 1966 1966- 1967 1967- 1968 1968- 1969 1969- 1970 1970- 1971 1971- 1972 Total ~7 AMOUNT OF FUNDS TO BE RAISED 38 1. For Educational & General Budget 39 Gifts & Grants, (Line 27, Table X'~ 119, 298973°8', 40 U.S. Government (Line 33. Table XI 384, 200, 215, 635, 242, 257, 272, 280, 300, 350, 814. 1000, 1254, 1442, 1565, 1255, 978, 773, 473, 41 Organ i zed Resea rch II 34, Tab 1e X1 1~--!2:!:0:.&'-t.._ _- -=~ __- -::~ __- -::~ __ ..L:::..1-__. t.::.L.-_...::~ _. ...;;:.::.z.. __; :..;.;r....._...;;.;;.&.._ __6 -..,3 ~iO;..c.' ~--" 42 Total Educational and General 25~ 6O-L 65. 70. 70, 80 80, 80 80. (Li ne 39+40+41) 523. 1039, 1275, 1954, 1754, 1892, 1607, 1338, 1153, 903, 13,438, ~3 2. For Scholarship Budget i 52, 126, 164, 209, 262, 287, 287, 285, 285, 285, 2242, "A4 3. For Plant Construction (Line 17, Table XIV) 400, 295, 600, 250, 220, o o o a a 1765, 45 4. 46 47 48 For Endowment Funds A.U.C. Bequests U.S. Govt. Permanent Funding Total Endowment (Li nes J'ft1+Lq GRAND TOTAL Note o a o 975, o o o 1460, o a o '0 a o 2.039, 2413, 100, o 100, 100, 100, 10 .000. 10 000. 10, 100, 10, 1 00 . 100, 10.000 10, 1 Of) t 2336, 12,279, 11,994, 11,723, 100, 10 000. 10, 100 t 100, 10. 000. 10,lOO. 60Q, 50 000. 50,600, 11,538, 11,288, 68,045, This item represents a permanent funding procedure, over a period of five years to begin in 1967-68 so that by 1972-73 requests fo·r annual appropriations from the United States Government could be eliminated except for special type projects that might arise. It is anticipated that such funds would be placed with a third party trust (most likely one trust in America and one trust in Egypt) for Investments and dlsbursalof Income to the American University in Cairo. The anticipated income from such a fund is shown on Line 20 Table XI. It is further anticipated that the trust. would be responsible to the United States Government for the sound investment of the funds and the dis~ursal of Income only. Should the American University in Cairo at any time cease to exist, the principal accumulation in the fund would revert to the United States Government. Present estimates by the Am.erican University in Cairo would indicate a required ratio of said funds to be 70% to 30% in Egyptian pounds and United States dollars respectively, or $35,000,000 in Egyptian pounds to $15,000,000 In United States dollars, with a combined net return of 4%. In all probabflity the Egyptian pound equivalent of such a fund might well come from the IIU.S,Uses" account accumulating in Cairo.