University of Virginia Library

PROPOSED EDWARD R. STETTINIUS SCHOLARSHIP FUND

President Darden presented a proposal from the Seven Society which Dean Lewis had transmitted
to him, concerning the change in the Seven Society Loan Fund to the Edward R. Stettinius
Scholarship Fund.

The Board adopted the following resolution:

RESOLVED, that the assets of the Seven Society Loan Fund be transferred to the Edward
R. Stettinius Scholarship Fund. The Edward R. Stettinius Scholarship will consist of an annual
award of $500 to be awarded to an entering student each year, and not renewable. The Scholarship
will be administered in the usual way by the Scholarship Committee, which is instructed to notify
the recipient of the source from which the money comes, and the person whom it memorializes, and
to inform the Seven Society by letter of the name of the recipient.