University of Virginia Library

CLOSING OF OLD ACCOUNTS

The Chancellor reported that the College has several funds that have been on the books
for more than 25 years, that there has been no activity in these funds for many years, and
that no records are available as to the purposes for which these funds were established.
In order that the financial records of the College may be cleared, the Chancellor requested
permission to close out these funds and deposit the present amounts now in each fund to the
credit of the College's non-restricted general endowment funds. These funds are as follows:

             

Fund	Principal	Interest Earned Since 1 July 1940	Total
DAR Student Aid Fund	$ 34 50	$ 21 30	$ 55 80
Donated Funds
Bird Bath	25 67	15 62	41 29
Fountain Fund	136 00	83 24	219 24
Donation	52 05	64 35	116 40
	$248 22	$184 51	$432 73

The following resolution was adopted:

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of
Virginia that Mary Washington College be and it is hereby authorized to close out the funds
listed above and to credit the proceeds thereof to the non-restricted general endowment
funds of the College.