 | Board of Visitors minutes June 11, 2004 |  |
GIFTS AND GRANTS
Private giving to the University and its related foundations is $150.3million for the current fiscal year, through April 30th; this is a decrease of $68.9million from the same period last year. He went on to say, however, that last year’s figures reflect the extraordinary gift of more than $111million from the estate of the late David Harrison of Prince George County. If the Harrison bequest is subtracted from last year’s total, the base rate of fundraising has increased some 39% over the same period last year.
Some gifts received since the President’s report at the April Board meeting include a residual bequest of $4,725,000 from the Harrison Estate to the Athletics Department, the Law School Foundation and the Medical School. The Middendorf Foundation has given $1million to the Jefferson Scholars Foundation in memory of Mr. E. Phillips Hathaway, ’42. Mr. John L. Nau, III and Mrs. Barbara E. Nau of Houston have made a $1million pledge payment to the College Foundation. Mr. Edward J. Kelly, III, has pledged $3million to the Law School Foundation for the endowed professorship which bears his name. Mr. Carl H. Lindner, III, and Mrs. Martha S. Lindner of Cincinatti have pledged $2.8million to the College for the Carl H. and Martha S. Lindner Art History Fund.
On motion, the Gifts and Grants Report was accepted.
- - - - - - - - - -The Board recessed at 12:00 noon for lunch.
| Board of Visitors minutes June 11, 2004 | |