Grants to Eisenhower College and the Samuel Rayburn Library

GGD-77-8: Published: Nov 11, 1976. Publicly Released: Sep 27, 1983.

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Information was requested on how grants to Eisenhower College at Seneca Falls, New York, and to the Samuel Rayburn Library in Bonham, Texas, were used. The grant amounts depended on the sale of silver proof coins containing President Eisenhower's likeness. The college received $8,399,747 and the library received $933,305. The college used $3,451,700 for investments, $2,546,047 for operating expenses, and $2,602,000 for capital projects. The Samuel Rayburn Library invested the total grant in savings accounts and certificates of deposit, corporate stocks, a trust fund, and two separate investment accounts. Some of the income received from these investments was used for general expenses.

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