University of Virginia Library

PRESIDENT'S REPORT

The President gave his customary report.

The majority of the report was a summary of legislation of interest to the University pending in the General Assembly. Of these bills, perhaps the most significant are House Bill 1359 and Senate Bill 638, the so-called "charter agreement" involving the University, Virginia Tech and the College of William and Mary. Both bills have been carried over to the next Session of the General Assembly.

REPORT OF GIFTS AND GRANTS

The President reported that in the current Fiscal Year, through November 30, 2003, private gifts to the University and its related foundations amount to $48million, down substantially from $140million for the same period last year. Last year and in previous years, the figures were high because of significant "8-figure" commitments.

Nonetheless, both the College of Arts & Sciences and The University of Virginia's College at Wise report substantial increases in giving.

Among the significant gifts received between July 1 and November 30, are $1.5million in pledge payments from the Community Foundation to The University of Virginia's College at Wise for the football stadium and to the University for the new Marching Band. Mr. Carl W. Smith and Mrs. Hunter J. Smith are associated with these payments.

The Smiths have also pledged $12million to the University for the Performing Arts Center.

Mr. James Edward Manley pledged $3.5million to The College Foundation for the South Lawn Project and the Victor Elmaleh Foundation $1.2million to the School of Architecture for the Campbell Hall additions. Mr. Elmaleh and Mrs. Sono Elmaleh are associated with this latter pledge.