University of Virginia Library

State Funds Supplied

Mr. Stone said that he
likewise saw no need for an
increase in tuitions to cover
such losses in funds, since the
deficit could be supplied by
state funds.

Additional losses in revenue
would probably be felt by
University endowment funds
which receive a large part of
their contributions from
out-of-state sources. These
endowment funds, including
the Alumni Fund, the Virginia
Law School Foundation, the
Medical Alumni Foundation
and others have been
responsible, either entirely or
partially, for at least 40
buildings and facilities in
Charlottesville, totaling about
$21.6 million.

According to fund totals
from 1971, which Alumni Fund
Director Clay Delauney said
are indicative of past years,
sixty-three per cent of alumni
funds came from out-of-state
sources.

These figures have been
noted by the University as
evidence of the continuing
support of out-of-state alumni
after graduation. Mr. Stone
termed these figures "an
indictment of the loyalty of
your own (the University's)
alumni here in the state."

"I think that's horrible to
admit that here's the
University of Virginia and
they're begging money from
those Yankees up there
(out-of-state alumni from
northern states) rather than
contributing to their own
school here at home."

"What you're saying in an
indirect way is that they're
bribing their way in here."

"Don't you think that at a
University of Virginia and not
a University at Virginia the
bulk of the funds should come
from the alumni in-state?"

Mr. Stone also questioned
whether alumni funds were
actually being used for such
projects as building programs.
"It's my understanding they
use it for fringe benefits over
there, for a lot of things ––
maybe to hire Harrison Davis. I
don't know yet, but I'm going
to find out," he said.

Other endowment totals for
the Law School show that over
80 percent of total
contributions since 1965 have

CD/Steve Wells

Sen. Stone (third from left) Chairing Commission's First Public Hearing, October 23