University of Virginia Library

CAP AND GOWN RENTALS FOR SCHOLARSHIPS

President Darden presented a letter of 2 February 1955 from the Bursar of the College proposing
that proceeds of approximately $800 to $900 annually from the rental of caps and gowns purchased
on other than State funds be used to provide special scholarships for needy students in good academic
standing without regard to Virginia residence, this proposed special scholarship fund to be
supplemented by the net proceeds from the forensic tournament held at the College each spring.
President Darden warmly endorsed Mr. Woodward's proposal.

The Board resolved that the Bursar of the College be authorized to set up the special scholarship
fund as proposed in his letter of February 2nd.