University of Virginia Library

ALUMNI ASSOCIATION SUPPORT

The President reminded the Board of the adoption of a resolution on 10 December 1960 (Minutes,
Board of Visitors, University of Virginia, No. 12, 10 December 1960, p. 363) authorizing a contribution
by the University to the Alumni Association of $20,000 a year, the funds for such grant to
be derived from revenues received by the University from the Atlantic Coast Conference. Since the
income from the Atlantic Coast Conference has declined and the reserve from this source will have
been expended during the current fiscal year, it will be necessary, the President stated, to change
the resolution adopted in 1960

After discussion, the following resolution was adopted

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that, effective with the fiscal year beginning 1 July 1963, the University will contribute annually
to the Alumni Association, from revenue derived from the Atlantic Coast Conference and from radio
broadcasts of University athletic events, the sum of $15,000 or in any year in which the revenue
from these sources is less than $15,000, the amount of such revenue, this contribution to aid the
Alumni Association in covering the cost of printing and distributing the Alumni News, and to assist
the Association with general printing and with repairs to Alumni Hall