University of Virginia Library

REGIONAL SCHOLARSHIPS

President Darden presented a proposal that the Comptroller be authorized to transfer $500,000
from income of the duPont Scholarship Fund to the Consolidated Endowment Fund to support and increase
the number of regional scholarships for undergraduates, thus enabling the University to
execute more effectively the original intentions of the donor.

After discussion the Board adopted the following resolution.

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the Comptroller of the University be and he is hereby authorized to add to the Consolidated
Endowment Fund $500,000 of the accumulated and unexpended income of the duPont Scholarship Fund
to make possible an increase in the number of Regional Scholarships offered to students entering
the undergraduate schools of the University