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5.4 Ganter Trust
5.4.1 The Ganter Trust Fund
The late Carl R. Ganter bequeathed to the College in 1963 an endowment fund, the income from which is distributed to members holding the rank of Professor. The income varies as the market value of the securities varies. The College uses calculations of this distribution to place the salaries of Professor at the level that has been approved for their rank in annual salary decisions.