placed at from $4,000,000 to $5,000,000. This includes many gifts of
small sums for loan funds, fellowships, and investigations in special
fields, as well as the income from these funds up to the present time.
Some of these gifts, too, are of such a character that no definite value
can be placed upon them.

The total amount of such special funds in the hands of the University
Treasurer, largely arising from alumni gifts, is $843,815.40. It should
also be borne in mind that this does not include the many gifts which do
not come from graduates of the University, such as the Newberry Hall of
Residence, the late Charles L. Freer's numerous gifts, including a fund
of $50,000 for the study of Oriental art, the Lewis Art collection, the
Stearns Musical Collections, Waterman Gymnasium and Ferry Field, or such
buildings as Newberry Hall, now used by the Y.W.C.A., and Lane Hall, for
the University Y.M.C.A.

[Illustration: THE CONCOURSE OR GENERAL LOBBY IN THE MICHIGAN UNION]

Two of the larger gifts to the University have come through collective
effort on the part of the alumni. The Michigan Union, made possible
through the $1,200,000 raised by students and alumni, has been mentioned
in another chapter. Alumni Memorial Hall, which stands just across the
street, is also largely the result of comparatively small gifts from
hundreds of graduates. It is an imposing building of classical outlines,
designed as a memorial of the men who served in the Civil and
Spanish-American Wars. It is intended to be at once an art gallery and
the headquarters of the Alumni Association, which has a spacious
reception room on the first floor and commodious offices in the
basement, where the University Club also has a large and well-furnished
room. The building was completed in 1910 at a cost of $195,000, of which
$145,000 was contributed by the alumni, and was formally opened with an
exhibition of Oriental art and the work of modern American painters
under the charge of the late Charles M. Freer of Detroit, who loaned
many of the pictures shown.

Other gifts arising from general alumni effort are the Williams
Professorship fund and the Alumnae Hall of Residence for women, given to
the University by the alumnae; while Faculty, alumni, and student
efforts have been responsible for several paintings, notably the Chase
portrait of Dr. Angell, the portrait of Dr. V.C. Vaughan by Gari
Melchers, and Ralph Clarkson's recent picture of President Hutchins,