| | Description: | The annual meeting of the Board of Visitors of The Rector and Visitors of the University
of Virginia was held on this date in the Office of the President of the University of Virginia,
Charlottesville, Virginia, with the following present. The Rector, Barron F. Black, President
Colgate W. Darden, Jr., of the University of Virginia, Visitors Barksdale, Carrington, Coxe, Emmett,
Gay, Gravatt, Howard, Mears, Mrs. Smith, Mr. Smith, and Wailes. Absent: Dr. M. L. Combs, President,
Mary Washington College, Visitors. Talbott and Wheeler. There is submitted herewith a copy of a report and summary of the Consolidated Endowment
Funds, submitted by the State Planters Bank and Trust Company, for the period January 25, 1952, to
January 25, 1953. It will be noted that the Fund had a book value as of January 25, 1952, of
$5,775,187.36, that cash and security values added during the year have increased the book value
of the Fund to $6,157,034.95 as of January 25, 1953. The undersigned committee recommends that the following be stated as the policy of the
University concerning grants-in-aid to students from funds supplied by the University of Virginia
Alumni Association or the Virginia Student Aid Foundation: |
