University of Virginia Library

1. The Board of Directors of the Thomas Jefferson Memorial
Foundation has recently adopted the following resolution. That there be
established "not later than the college year 1959-60 the Thomas
Jefferson Foundation Fellowships paying $1,500.00 per annum plus
tuition, in general along the lines set forth in the Memorandum of July
10, 1957, from Mr. Oron J. Hale, Chairman of the Department of History,
to Mr. Colgate W. Darden, Jr., President of the University, and
contribute up to $5,000.00 per year towards such Fellowships, with the
understanding that this Foundation would match the amount put up by the
University up to $5,000.00 and would, if Fellows of the desired type in
sufficient number can be obtained, put up additional amounts, it being
contemplated that the Foundation would in such case contribute at least
$15,000.00 per year towards the expense of these Fellowships and quite
possibly even more in the future."

2. It is recommended that this offer be accepted and that the
proposed fellowships be described and awarded on the following terms

3. These Fellowships, with tuition, would amount to $1730 for
resident Virginians and $1960 for non-residents. To finance the program
for approximately ten fellows would require $20,000 annually, of which the
University would contribute $5,000 and the Foundation $15,000. The
proposal that the program be initiated with an equal amount ($5,000) from
the Foundation and the University of Virginia, with the Foundation
contributing up to $15,000 as suitable candidates are selected, seems
entirely reasonable. In the first year probably no more than five awards
would be made.

4. It is recommended that the fellowship proposals of the
Thomas Jefferson Memorial Foundation be accepted.