University of Virginia Library

WITNESSETH

WHEREAS, the Donor desires to create an irrevocable trust to be named the "Alderman
Library Life Histories Documentation Fund of the University of Virginia", to be held by
The Rector and Visitors, in trust, for the uses and purposes hereinafter set out, and,

WHEREAS, under the provisions of Section 23-69 of the Code of Virginia, 1950, The
Rector and Visitors has the power to accept, execute and administer any trust in which it
may have an interest under the terms of the instrument creating the trust, and,

WHEREAS, the Donor, in order to create the trust hereinafter set forth, has requested
The Rector and Visitors to accept the property described in "Schedule A" hereto annexed
and made a part hereof, (the property described in said "Schedule A" and investments and
reinvestments thereof and all additions thereto, if any, being hereinafter called the
"principal"), upon the trusts hereinafter set out, and to act as Trustee hereunder, and,

WHEREAS, the prior written consent and approval of the Governor of Virginia, as
required by Section 25 of the Appropriations Act of 1956, (Acts of Assembly, 1956 pp
1185-1186), having been first obtained, The Rector and Visitors, as is evidenced by its
signature hereto, hereby accepts the property described in "Schedule A" and undertakes to
execute and administer the trust upon the terms and conditions hereinafter set out

NOW THEREFORE, in consideration of the premises and of the acceptance of the trust by
The Rector and Visitors

First. The Donor has assigned, transferred and set over, and does hereby assign,
transfer and set over the principal unto The Rector and Visitors. TO HAVE and TO HOLD
the same together with any additional property or monies hereafter received (either by
inter-vives gift, grant, or by testamentary disposition), IN TRUST, NEVERTHELESS, for
the uses and purposes hereinafter set out

(a) The Rector and Visitors shall collect and receive the rents, issues, profits and
income therefrom, and after deduction of all proper charges and expenses, the net residue
of income derived therefrom (hereinafter referred to as "net annual income"), together with
any monies or property delivered to The Rector and Visitors under condition that the
principal thereof may or shall be expended for such purposes, (said net annual income and
said monies or property being hereinafter collectively referred to as the "annual funds"),
shall be used and applied by The Rector and Visitors as follows

(i) To the purchase of documentary materials relating to persons who have been
effective in promoting beneficial human achievement in the arts and in science, which
materials shall become a part of the collections of the Alderman Library of the University
of Virginia,

(ii) To searching out, documenting, collating, describing, indexing and publishing
such materials systematically

(b) Said annual funds or so much thereof as may be deemed wise, shall be allocated in
the following manner

A committee of three members, composed of the Librarian of the Alderman Library of the
University of Virginia, who shall act as Chairman, and two other persons, one of whom shall
be conversant with the humanities, the other with the sciences, nominated by the Chairman
and appointed annually by the Board of Visitors of the University of Virginia, shall determine
with due consideration being given to such statements in writing made from time to time
to the Chairman, as the donor or donors care to make, the policies and objectives to be
followed to carry out the purposes of this trust as hereinabove set forth and shall certify
to The Rector and Visitors the amounts of such annual funds to be allocated for such purposes
Upon receiving such certification The Rector and Visitors shall be authorized and empowered
to disburse said annual funds in accordance with such certification

Second. Any person, firm, corporation, foundation, or association, including the Donor,
may add by grant, will or deed or otherwise to the principal or to the annual funds, at any
time or from time to time, property of any kind or nature, whether real, personal or mixed,
and wheresoever situate, provided, however, that the same shall be acceptable to and shall
be accepted by The Rector and Visitors who, in respect to such acceptability and such
acceptance, is hereby given sole and absolute discretion. Upon the receipt and acceptance
by The Rector and Visitors of any such property, the same shall be, and be deemed to be a
part of the principal to be held in the same trust hereby created, or, a part of the annual
funds to be allotted and disbursed in the manner hereinabove set forth, as the case may be

Third. The trust hereby created is, and is hereby declared to be, irrevocable and
perpetual

Fourth. The Rector and Visitors shall have the broadest powers in the management,
investment and reinvestment of the principal. Without limiting the generality of the foregoing,
it may, for the purposes of investment, combine the investments of the principal with

the investments of the Consolidated Funds of the University of Virginia. In such event the
Fund, for each fiscal year of the University, shall be entitled, beginning as of the first
day of the first full calendar quarter occurring after the date of this Indenture, to its
pro-rata share of said Consolidated Funds, and such pro-rata share of the income each fiscal
year shall be determined on the same uniform basis as the income of all other Consolidated
Funds of the University of Virginia is determined.

Fifth. The trust hereby created shall be subject to, and governed by, the laws of the
State of Virginia, and this Trust Indenture, and all the terms, provisions, and conditions
hereof are to be interpreted, construed, and applied in accordance with the laws of the State
of Virginia

IN TESTIMONY WHEREOF, the Donor has hereunto affixed his signature and seal, and The
Rector and Visitors has caused its name to be signed hereto by Vincent Shea, its Comptroller,
and its seal to be hereunto affixed and attested by Francis L. Berkeley, Jr., its Secretary,
all as of the day and year first above written.