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This document summarizes the organization and finances of The Franklin Institute in 1957. It discusses the members, staff, and leadership of the organization. It also reviews the Institute's sources of funding and expenses for its educational, general activities and new computing center. While income was up, expenses continued to exceed income, resulting in annual deficits. Public relations efforts helped promote the Institute's programs and anniversary events.

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FidelHuamanAlarcon
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18 views

Examples

This document summarizes the organization and finances of The Franklin Institute in 1957. It discusses the members, staff, and leadership of the organization. It also reviews the Institute's sources of funding and expenses for its educational, general activities and new computing center. While income was up, expenses continued to exceed income, resulting in annual deficits. Public relations efforts helped promote the Institute's programs and anniversary events.

Uploaded by

FidelHuamanAlarcon
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Organization

The preceding three sections of this report have reviewed the Institute's
programs for 1957; this section will deal with the people who put those
programs into effect and the means whereby it was done.

MEMBERS
The members of the Institute elect its Board of Managers and through
their dues provide some financial support for the educational program.
During 1957, the members adopted new By-Laws effective July 1957, giving
all adult members the same privileges, and placing JOURNAL subscriptions
for members on a voluntary, reduced-rate basis.
During 1957, 979 new members were added, bringing the total member-
ship to 7430. Of these, 215 are Silver Members and 15 are Gold Members,
having 25 and 50 years, respectively, of continuous membership in the In-
stitute. Both groups of these "special" members were honored at dinners
preceding Stated Meetings during the year.

Miss Darthela Clark, new "'Gold Member," cuts anniversary cake at the November
Stated Meeting Dinner. Watching are Dr. S. Wyman Rolph, Institute President, and Mr.
Morton Gibbons-Neff, Chairman of the Membership Committee.

249
STAFF

The ultimate responsibility for carrying out the Institute's program falls
on the staff. On December 31, 1957 there were 584 employees, representing
a 5 per cent increase over the number of employees on December 31, 1956.
During 1957, 6 entered military service, 2 died and 4 retired under the
pension plan. Service pins were awarded to 47 employees: 1 for 30 years
of service, 5 for 25 years, 1 for 20 years, 3 for 15 years, and 37 for 10 years.
In accordance with the Institute's policy of helping employees to further
their education, 58 employees received refunds totaling $4232 for college
tuition fees.
A change in officers of the Institute occurred during the year. Mr. H.
V. Bail, Treasurer since 1947 and Secretary since January 23, 1956, retired
on April 30, 1957. He was succeeded by Mr. W. F. Jackson, Jr. as
Secretary and by Mr. C. M. Waterbury as Treasurer.
Under the new By-Laws that became effective July 1, the Director of
Laboratories was made an officer of.the Institute. Dr. N. H. Smith was
elected to this office.

FINANCES

In financing an operation as extensive and varied as that of The Franklin


Institute, many sources of income must be sought. The Laboratories for
Research and Development are self-supporting; but the educational and
general activities are not. What income is received from these activities
must be supplemented by donations of one kind or another. Such gifts are
especially important today because of the emphasis being placed on scientific
education for young people and the country's need for more pure and basic
research.
The Institute has been fortunate during the past several years in being
able to secure additional funds for its educational and general activities.
The steady rise of operating costs, however, has caused a deficit each year,
as shown by the accompanying table of income and expenses for these
activities for the past three years :
250
Educational and General Activities

E~rpenses 1957 * 1956 1955


Museum ,$411,000 $357,286 ,$333,483
Library 105,000 94,114 82,546
Journal 42,000 40,708 33,226
250th Anniversary 13,000 24,981 --
General Expenses 42,000 58,600 75,537
Total ,$613,000 $575,689 $524,792
Income
Membership Dues $ 68,000 $ 67,505 $ 64,276
Museum 193,000 171,649 155,315
Journal 33,000 26,258 21,351
Endowment Income 118,000 111,434 96,384
Appropriations from State and City 74,000 100,565 46,500
Friends of Franklin 52,000 45,495 39,440
Other Income 37,000 23,630 23,845
Total $575,000 $546,536 $447,111
Deficit $ 38,000 $ 29,153 $ 77,681
The financial figures for 1957 are preliminary ones, subject to audit adjustment.

Although the increase in contributions is a gratifying indication of the general


recognition of the value of the Institute's program, much more educational
work needs to be done than the Institute can afford to do.
With the acquisition of the new Univac Computing Center in 1956, in-
stallation costs were $47,000. In 1957 the continuing operating costs
during the build-up of full usage resulted in a deficit of $65,000. Operations
for the Univac for November reached the break-even point for the first time
and indications are that future operations will show greater improvement.
In addition to the gifts for operating expenses, the Institute received
special gifts and additions to the endowment funds amounting to $12,000.
Also, $19,675 were received for the construction of a paper industries exhibit.
The activities of the Bartol Research Foundation are financed in part
by the income from the Bartol endowment, which income amounted to
$128,000 in 1957. The balance of the funds needed to meet the total ex-
penses of $325,000 was obtained from several government grants.
The financial statements of the Institute are audited each year by Messrs.
Lybrand, Ross Brothers & Montgomery. The Auditors' reports when
completed may be examined by members of the Institute in the office of the
Treasurer.

251
PUBLIC RELATIONS

To keep the public informed of its activities, the Institute maintains a


Public Relations Department for general activities and an Information
Services Section within the Laboratories. The former prepares press re-
leases on Institute affairs and arranges for special events; the latter acts as
a clearing house for information about the Laboratories.
In November the Public Relations Society of America held its conven-
tion in Philadelphia and attended an open house at the Institute.
The members of the Institute's 250th Anniversary Committee were cited
by the Philadelphia Chapter of the American Public Relations Association,
for the outstanding work of that Committee. The Institute itself was cited
by the Freedoms Foundation for its coordination of the 250th Anniversary
Celebration. In May, "Benjamin Franklin's Unfinished Business," edited
by Helen and Clarence Jordan (the chairman of the 250th Anniversary
Committee), was published by the Institute as a permanent record of the
world-wide participation in this unusual program, during the preceding year.

Gathered on the occasion of The Franklin Institute's contribution to the International


Centenary of the birth of Nikola Tesla are, left to right, President S. Wyman Rolph, Execu-
tive Vice President John S. Burlew, Kenneth Swezey, and Samuel G. Hibben. The program,
held at Max's Stated Meeting, included: (1) a presentation by Mr. Sweaey, a close personal
friend of Tesla, of a copy of the collected letters, patents and articles of Tesla to the Insti-
tute; (2) a presentation of a resolution of the Institute's Board of Managers honoring the
Nikola Tesla Museum in Yugoslavia, for sponsoring the Centenary, to Mr. Sweaey for for-
warding; and (3) Dr. Hibben's lecture, "From Tesla Until Tomorrow--The Magic of
Making Light."

252

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