At the 34th Founder’s Day, President Taylor announced that two alumnae, Mary Thaw Thompson ’77 and Mary Seymour Pratt ’80, had written to the college to say that they would fund the building of a new Chapel on the campus.  Josiah Royce, Professor of History and Philosophy at Harvard University, gave a lengthy Founder's Day address on "Some Limitations of Our Thinking Public. "   He lectured again at the college in 1907 and 1909.

In the evening, a reception was held and hundreds of visiting young men danced with their Vassar hostesses in the Main dining room.  Such dancing was permitted on two occasions, Founder’s Day and the annual anniversary of Philaletheis, in December.