University of Virginia Library

REGIONAL SCHOLARSHIP PROGRAM

The President presented a report of the Committee on Scholarships, Loans and Employment,
which recommended the enlargement of the scholarship program to include a regional scholarship
program to be financed from the duPont bequest. The question was raised whether the adoption of
the regional plan would make it necessary to cut down on other scholarships now being paid from
the duPont Fund. The Secretary of the Board, who is a member of the Scholarship Committee, stated
that the funds to finance the regional scholarship program had been released by the transfer of
laboratory instructors to the State budget. These instructors previously were paid out of the
duPont Fund, which the President and the Secretary both felt was in improper use of the duPont
Scholarship Fund. Hence the regional scholarship program could be instituted without in any way
affecting the present awards of duPont scholarships within the University.

Mr. Gay inquired if action on the plan could be deferred until the April meeting to give
the Board an opportunity to study the proposal. The Secretary advised that such a postponement
would mean that the plan could not be inaugurated for another year, as the deadline for scholarship
applications for entering students was April 15, and that to conform with an agreement established
under the auspices of the College Board Association, awards would be made so that entering
students might give notice of acceptance of such scholarships by May 20 of each year

A resolution was adopted approving the regional scholarship plan for one year; the Secretary
was requested to send a copy of the report of the Committee to each member of the Board.