worth ₱59,300 (about US$30,000 in 1946). The School of Forestry became the College of Forestry on June 14, 1949, by effect of RA 352, with the College of Forestry finally separated from the Bureau of Forestry in 1957, effectively putting it under direct administration of the University of the Philippines. In 1954 the College of Forestry signed an agreement with Cornell University for providing academic and financial assistance. The College of Forestry received visiting professors from Cornell and grants that were used for construction and forestry research, while faculty and students were awarded scholarships for pursuing master's degrees at US universities. Domingo M. Lantican became the dean of the College of Forestry in May 1966. Lantican implemented a 5-year campus development program which included construction of new buildings and designating areas for dormitories and staff housing. The College of Forestry was reorganized to become the College of Forestry and Natural Resources on June 25, 1998. Since 2004 the event has been celebrated in concurrence with the Philippine Arbor Day, a nationwide event marked by extensive tree planting. Campus The campus of the College of Forestry and Natural Resources, referred to as the "upper campus", is situated on the northeastern slope of Mount Makiling. The campus contains academic buildings, dormitories, hosted institutions (such as the ASEAN Center for Biodiversity), and the 4,347-hectare Makiling Forest Reserve (MFR), which serves as an outdoor laboratory for forestry students and is believed to contain more tree species than the continental United States. Aside from being the location of the college, the MFR is also the site of the College of Public Affairs, National Arts Center, Philippine High School for the Arts, the venue of the National Jamboree of the Boy Scouts of the Philippines (BSP), the Center for Philippine Raptors and the Bureau of Plant Industry-Makiling Botanic Gardens, one of the oldest parts of the campus. The gardens occupy the site where the tents were used as classrooms during the first four months of the university. The MFR serves as an outdoor laboratory to students, primarily of the College of Forestry and Natural Resources. ₱5 million (US$156,000) was designated for its conservation and development in 2011. The MFR was created in 1910 under the Bureau of Forestry. Jurisdiction over the MFR was transferred to the UP in 1960. NAPOCOR acquired complete jurisdiction of the MFR, however, in 1987 as part of the Philippines' energy development