University of Virginia Library

ENDOWMENT FUNDS

At the request of Mr. Gay, Chairman of the Finance Committee, Messrs. Gunn and Wilkinson
of the State-Planters Bank and Trust Company appeared before the Board and reviewed the financial

transactions which had taken place in the endowment fund investments during the period January 25,
1949 to January 25, 1950. The Board approved the action of the Finance Committee in handling the
investments of the endowment fund as recommended by the State-Planters Bank; the report of the Committee
presented to the Board at the February 1950 meeting was approved also.