University of Virginia Library

ARTS AND SCIENCES
BUDGET FOR PRATT BEQUEST
Fiscal Year 1978-79

The Special Advisory Committee of the Center for Advanced Studies has approved the following budget for the Pratt funds of the four departments in Arts and Sciences. The four departments designated in the Will were Biology, Chemistry, Mathematics, and Physics; and the funds could be used in three categories displayed in the budget, scholarships for outstanding students, supplementation of faculty salaries, and equipment. The annual disbursement of the estate is $678,478 to be divided equally between Arts and Sciences and Medicine; in addition there is a one time allocation of income accumulated before the disbursement program was established of approximately $750,000 to be equally divided.

          

	Biology	Chemistry	Mathematics	Physics	Total
Student Support:
Graduate	23,400	14,500	52,000	63,200	153,100
Undergraduate		6,500			6,500
Faculty Salary
Supplement	7,000	3,500	30,000	1,500	42,000
Equipment	62,000	88,000	-	121,000	271,000
TOTAL	92,400	112,500	82,000	185,700	472,600
In June 1977
Amount previously approved by Bd. of Visitors	174,000	115,150	80,000	150,000	519,150