Student Aid Foundation
According to Ted Davenport. Director of
the Student Aid Foundation, the foundation is
part of the Alumni Association and is
completely separated from the University. He
explained that the only purpose of the activity
of the foundation was to raise funds for athletic
grants.
These grants are not given out by the
foundation, Mr. Davenport said. Rather, they
are given to the University and disbursed by the
University Committee on Scholarships,
Grants-in-Aid, Loans, and Employment.
Neither Mr. Davenport nor Gilbert Sullivan,
Executive Secretary of the Alumni Association
sits on that committee.
Mr. Davenport further explained that any
contributor to the Student Aid Foundation
cannot name his beneficiary and still have the
contribution be tax deductible.
He then said that the foundation receives
contributions approximating $65,000 from the
Charlottesville area. He would not reveal the
contributions from Mr. Williams as he stated
that was "confidential information."
