Nikolaos Makris Legacy Management Report 1854 - 1874
by Bequest of Nikolaos Makris · 1874
License: Public Domain
Source: Crete University Archives
Summary
The 1854–1874 accounts of the Nikolaos A. Makris endowment for the Dimitsana Greek School document two decades of growth. Introductory notes cover the endowment’s creation (gifts in 1845 and 1848), the managers, and the principle of reinvesting surpluses. Revenues include dividends from National Bank shares and public bonds; expenses cover repairs, the Girls’ School and other needs. Asset security, public reporting and the option to build a dedicated schoolhouse from surpluses are emphasized. The accounts attest to prudent management, capital increase and steady annual yield devoted to local education.
Key Points
- Twenty-year Makris endowment report
- Gifts of 1845–1848; appointed managers
- Dividends, bonds, reinvestment
- Repair and maintenance expenses
- Transparency and public reporting
- Plan to erect a school building