 | Board of Visitors minutes April 23, 2003 |  |
Gifts and Grants
The President reported private giving through January 31st, of the current fiscal year has amounted to $188.6 million, an increase of .45% over the comparable period last year.
Significant gifts since the last meeting of the Board include $4.5 million from Paul T. Jones, II, and Sonia K. Jones to athletics and to the College, in addition to a $1 million pledge to the Jefferson Scholars Foundation for a graduate fellowship to benefit the College. Mr. and Mrs. Goodwin have given $4,675,000 for athletics, the Medical School, historic preservation, the Darden School and The University of Virginia’s College at Wise. A $1 million deferred gift from Dr. Carol R. Angle to the Art Museum.
John and Bobbie Nau of Houston have made a commitment of $8.5 million for the building in the South Lawn Project that will house the History Department.
Funds raised for the Arena have reached $75 million and construction will begin shortly in order that the Arena can be open for the 2006-07 basketball season. Two significant recent gifts are $5 million from Mr. and Mrs. Goodwin and an additional $10 million – beyond their initial pledge of $20 million – from Mr. and Mrs. Paul Jones.
The President reported, too, that he expects a large gift for the fine arts to be made before the next Board meeting.
On motion, the Board accepted the President’s Gifts and Grants Report.
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