University of Virginia Library

SALARY OF THE PRESIDENT

In the absence of the President, the Board engaged in a discussion of the salary of the President
of the University. The discussion brought out the facts that the present salary of the President was
established in 1959 at the rate of $20,000 a year and that the Governor authorized, effective 1 July
1962, an increase of $1,000 bringing the total salary from State funds to $21,000 per year. The
discussion revealed a consensus that the salary was not adequate and that an increase in the salary
to $22,500 should be made

Accordingly, the following resolution was adopted

WHEREAS the Board of Visitors has been concerned about the present salary and benefits accruing
to the President of the University of Virginia, which consist of a salary of $21,000 from the State
and the occupancy of Carr's Hill on a rent-free basis,

AND WHEREAS it is our belief that this salary and the rent-free use of Carr's Hill are not
sufficient compensation for the high office and the heavy responsibilities of the President of the
University of Virginia,

NOW THEREFORE BE IT RESOLVED by the Board of Visitors of The Rector and Visitors of the
University of Virginia that, effective 1 July 1962, the annual salary of the President of the
University of Virginia shall be $22,500, of which $21,000 is to be paid by the State and $1,500
from endowment funds, and that the President shall continue to occupy Carr's Hill on a rent-free
basis