Board of Visitors minutes April 1, 2005 | ||
GIFTS AND GRANTS REPORT
The President gave his customary report on Gifts and Grants.
Private giving to the University and its related foundations in the current fiscal year, through February 28th, is $130.2million, an increase of $17.2million or 15% over the same period last year.
Among the significant gifts received since the February meeting of the Board are a $1.2million increase in a grant to the Law School by the John D. and Catherine T. MacArthur Foundation, a $915,000 pledge payment from Mrs. Ann Lee Saunders Brown, and a $700,000 pledge payment from the Peter B. & Adeline W. Ruffin Foundation. Two significant new pledges are an anonymous $3.6million pledge for the unrestricted use of the Athletic Department, and $1million from Mr. Mansoor Ijaz to the College Foundation for an endowed graduate fellowship.
The Rector asked for a resolution accepting the President’s Gifts and Grants Report, and the following resolution was adopted:
Board of Visitors minutes April 1, 2005 | ||