University of Virginia Library

FRANCES THOMPSON TRUST FUND

The will of Frances Thompson, former librarian at Mary Washington College dated July 1,
1927, and probated April 5, 1928, provides that after her daughter becomes twenty-five years of
age the proceeds of the trust fund would go to the college providing scholarships known as the
Mary and Frances Thompson Fund. The daughter became twenty-five in 1944 and a trust fund of
approximately $850 is held by the Virginia Trust Company of Richmond, Virginia. The Virginia
Trust Company, substitute trustee of this fund, is anxious to get rid of it and has proposed
that the court be petitioned to relieve the said Virginia Trust Company from the responsibility
of this fund and such responsibility for the administration of this fund be transferred to The
Rector and Visitors of the University of Virginia for the benefit of Mary Washington College.

The Board adopted a resolution referring the matter to the Attorney for the University
with the request that the Secretary advise him that the Board of Visitors approved this transfer.