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1Author:  University of Virginia Board of VisitorsAdd
 Title:  Board of Visitors minutes  
 Published:  1931 
 Subjects:  University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes 
 Description: A special meeting of the Board was held on this date at 8:00 P. M., with the Rector, Fred W. Scott, and Visitors Buchanan, Carson, Sidney B. Hall, McIntire, Shackelford, Walker and Williams, and President Alderman. Upon the present status of gift of John Armstrong Chaloner to the University. The endowment funds of the University under the control of this Board having increased in numbers to approximately 80 it was found desirable to follow the practice of other educational institutions having a number of such funds and consolidate the securities and uninvested cash belonging to these several funds into one fund to be known as the Consolidated Endowment Funds. The advantages to be gained by such consolidation were several, to-wit:
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