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ALUMNAE ASSOCIATION GIFT

The Chancellor reported that, in June 1961, the Alumnae Association of the College gave to
the Chancellor an unrestricted gift of $5,000 to be used for awarding fellowships either to Mary
Washington undergraduates or graduates or Mary Washington College faculty. The Chancellor has
made several small awards from this fund. In June 1963, the Alumnae Association authorized the
establishment on a permanent basis of the $5,000 fund, and agreed to replace annually any amount
used by the Chancellor for the purposes stated