From the Sept. 26, 1906 NYT:

Yale University is free of floating debt, according to an annual report made public to-day...the university has a credit balance of $62,000 as against an adverse balance existing for several years.

The gifts for the year approximate $2,000,000. They have already been announced. The total income to the university has increased from $902,000 to $980,000 while the expensese of $918,000 are $1,000 less than the previous year.

The Treasurer says that the financial situation of the university is better than for several years; and yet, in spite of the credit balance and increased economies, the university is still hampered for the lack of funds.

In 1906, $980,000 was approximately $19,639,703 in 2005 CPI adjusted dollars.

The University's operating revenue totaled $1.68 billion in 2003-2004.

[Update: The Chronicle of Higher Education reports: "Yale’s $18-billion endowment, the second largest of any private university in the nation, rose 22.9 percent" for a $2.8 billion dollar gain. UT Arlington's operating budget is in the area of $300 million.]