Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 254]

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244

BOARD OF TRUSTEES

[April 20

Edward L. Ryerson Traveling Fellowships in Architecture and Landscape Architecture

(12) T h e University accepted a gift on July 25, 1950, from Edward L. Ryerson of Chicago providing for the awarding of the Edward L. Ryerson Traveling Fellowships in architecture and landscape architecture. T h e gift was to be held in trust upon the following terms: The income and to the extent determined by the Board of Trustees the principal of the trust property, and reinvestments thereof, shall be used to award Edward L. Ryerson Traveling Fellowships in Architecture and Landscape Architecture, the number, frequency, and size of the awards and the manner of selection of the recipients to be determined by the Board of Trustees; provided (1) that the principal shall be used during a period of twenty-five years from the date of the transfer only with the unanimous approval of the Board of Trustees, (2) that recipients may in the discretion of the Board of Trustees be limited to students or graduates of the University but only for so long a time as the University continues to have a large and representative body of students of architecture and landscape architecture, and (3) that if the University of Illinois discontinues its schools of architecure and landscape architecture, any remaining portion of the property will be transferred to another institution having one or both of such schools, to be used for similar purposes. On June 13, 1951, the Board of Trustees adopted regulations drafted by the departments of architecture and landscape architecture governing the award of these fellowships. These regulations provided for an annual fellowship in each department with a stipend of $1,600 to each recipient. T h e regulations described the eligibility requirements and provided for selection through committees in each department. Conditions of acceptance were also established by the regulations. In the intervening years the stipend has been increased periodically by committee recommendations to reflect changes in economic conditions. These increases have been approved administratively. The recommended stipend for 1979 is $4,500 for each fellowship. The original gift of principal of $84,500 is still intact, and only a portion of the income has been expended. Unused income amounting to $42,126 has been invested as a quasi-endowment. A proposal now has been received from the two departments for the establishment of two additional traveling fellowships, for summer study abroad, one in each discipline, providing stipends of $2,500 each. I t is not anticipated that the use of any principal, either original or reinvested income, will be required. Therefore, it is recommended that the board approve the establishment of the two new summer awards; and that the board authorize continuance of the current practice of determining the number of awards in accord with funds available as described above and the setting of stipends at levels recommended by the departmental fellowship committees — subject to approval of the president and the chancellor. (The original regulations would be deemed modified to reflect these changes.) T h e chancellor at the Urbana-Champaign campus has recommended approval of the proposal and the vice president for administration concurs. I recommend approval.

On motion of Mr. Neal, these recommendations were approved. Withdrawal of Application, Cicero Radio Project

(13) I n June 1975, the Board of Trustees authorized application to the Federal Communications Commission for award of a construction permit and a license to broadcast on an A M broadcasting channel which had become available in the