 | Board of Visitors minutes October 16, 1964 |  |
LT. GENERAL ALBERT J. BOWLEY SCHOLARSHIP FUND
The Lt. General Albert J. Bowley Scholarship Fund was established by Mrs. Albert J. Bowley
for the purpose of providing two scholarships to be known as the "Lt. General Albert J. Bowley
Scholarship" and the "Annie Fleming Smith Scholarship." The first gift establishing this fund
was 200 shares of du Pont stock. The College later received an additional 100 shares of the
same stock. In addition the fund has received shares of General Motors common stock under the
anti-trust ruling that the du Pont Company shall divest itself of its holdings in General Motors.
The above securities are now a part of the Consolidated Endowment Fund of the University of
Virginia. Mrs. Bowley requests that this fund be established as a separate fund to be known
as the Lt. General Albert J. Bowley Scholarship Fund.
The following resolution was adopted:
RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the securities which have supported the Lt. General Albert J. Bowley Scholarship Fund be
withdrawn from the Consolidated Endowment Fund of the University of Virginia and be established
as a separate scholarship fund to be known as the "Lt. General Albert J. Bowley Scholarship
Fund" to be administered by the State-Planters Bank of Commerce and Trusts of Richmond.
| Board of Visitors minutes October 16, 1964 | |