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GIFT FROM THE LATE O. PENDLETON WRIGHT

The Chancellor reported that Mr. O. Pendleton Wright, of the architectural firm, Wright, Jones
and Wilkerson, College architects, left the College two shares in his estate. We received notice
of this bequest from the State-Planters Bank of Commerce and Trusts, executors and trustees of the
estate. They estimate the College interest in the estate to be approximately $2,500. We understand,
however, that this may be a conservative estimate and the sum may be substantially greater.
The proceeds are to be used as scholarship funds to assist worthy students in need of financial
assistance