 | Board of Visitors minutes May 30, 2003 |  |
GIFTS AND GRANTS
Private giving to the University and its related foundations was $210.2million, through March 31st, for the current fiscal year. This total is on par with last year – though .44% below it – which was the best year for private giving in the history of the University. This year’s total, however, is 19% above the composite average of the three years previous to last year.
The President then mentioned a number of gifts made to the University over the last year: an anonymous $536,500 donation to the Athletics Department for the Baseball Field renovation; $525,500 to the College Foundation for the Sandy Miller Arts Initiative Fund (Mr. J. Sanford Miller took a degree from the College in 1971); a $1million pledge from Mr. Robert V. Hatcher, Jr., a former Member of the Board, to the Virginia Athletics Foundation; another $1million pledge to Athletics from Mr. Paul H. Saunders; a $1million pledge from the Clark Construction Group, Inc. to the Engineering School for an endowment to establish a Business minor for Engineering students; $600,000 from Mr. Gary T. Jones to the Darden School for the C. Ray Smith Fund for Academic and Professional Excellence; a $3million grant from the Ivy Foundation to support the new Morphogenesis and Regenerative Medicine Institute in the School of Medicine.
The President concluded his report by highlighting two recent gifts: a $22million
pledge from Hunter and Carl Smith of Charlottesville to support the
construction of a performing arts center on the corner of Massie Road and Emmet
Street, as well as $1.5million to the Music Department to support the formation
of a concert and marching band; and a $5million pledge from Paul
The Rector asked for a motion to accept the Gifts and Grants Report. The motion was made, seconded, and approved.
| Board of Visitors minutes May 30, 2003 | |