 | Board of Visitors minutes September 29, 2006 |  |
GIFTS AND GRANTS REPORT
Figures for the fiscal year which ended June 30th, are in - the philanthropic cash flow was $230.1million, an increase of 25.4% over the previous year.
The figure for the first two months of the current fiscal year, which is to say, through August 31st, stands at $23.4million, or 1% below the figure for the same period last year. Nonetheless, the Medical School, Arts & Sciences, the College at Wise and Rector and Visitors all show increases over last year.
Among the gifts cited by the President was the $45million pledge payment from the Ivy Foundation to the Medical School (see Professorships and Namings, below); a $4,970,763.13 pledge payment to the McIntire School Foundation for the School's building campaign; a gift of $2,500,000 from Anheuser-Busch; a $2million bequest to the Medical School from the estate of David Allen Mayhugh; and a $2million grant from the Wallace Foundation, to be divided between the Curry School and the Darden School for the Executive Leadership Program for Senior- Level Educators.
Significant new pledges included $2,750,000 from John L. Nau, III, and Mrs. Barbara Elizabeth Nau to Arts & Sciences for the South Lawn Project; $2,500,000 from David E. Gibson, also for the South Lawn Project; and $2million from Terrence D. Daniels and Mrs. Courtney S. Daniels for the South Lawn Project.
And finally, a pledge of $1,987,052 from Wachovia Bank, N.A. for the John Paul Jones Arena.
On motion, the Board voted to accept the Gifts and Grants Report.
- - - - - - - - - -At 10:15 a.m., the Board recessed to move to the Dome Room of the Rotunda.
| Board of Visitors minutes September 29, 2006 | |