University of Virginia Library

As an admirer of Senator Harry Flood Byrd of Virginia, I should like to see a
fund or endowment established at the University of Virginia in recognition of his
conspicuous service to our country, especially in the field of public finance.

In order to inaugurate such a fund, and in consideration of its acceptance, I
submit the following proposal:

I will personally give to the University, or cause to be given through a
corporation of which I am president, a sum of not less than $2500.00 nor more than
$5,000.00 a year for the next five years, the first payment to be made immediately
upon approval by you of the following conditions and subsequent annual payments to
be made between November 1st and January 31st, next ensuing.

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(a) The fund shall be used presently as a student loan fund for the Graduate
School of Business Administration and shall be known as "The Harry Flood Byrd
Loan Fund"

(b) The fund shall be handled and administered by such agencies of the
University as the Board of Visitors may from time to time designate.

(c) The fund shall be open for additional contributions from other admirers
of Senator Byrd and of the University of Virginia.

(d) If and when a Chair of Public Finance should be endowed in your School
of Business Administration in honor of Senator Byrd, my contributions may be
transferred to that endowment fund.

This proposal has been submitted to President Darden and I am advised it meets
with his approval. Senator Byrd has also expressed his approval and has consented
that his name may be used for the fund.