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Caption: Board of Trustees Minutes - 1944
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1944] UNIVERSITY OF ILLINOIS QUARTERLY REPORT O F THE COMPTROLLER 845 (20) The quarterly report of the Comptroller to the Board of Trustees as at December 31, 1943. T h e Comptroller commented on the report, which was received for record. EXECUTIVE SESSION At this point, the Board went into executive session, and considered the following matter presented by the President of the University. GIFT FOR MEDICAL SCIENCE VISUAL EDUCATION A practicing physician who has long been interested in the University of Illinois College of Medicine and has made other gifts to it has presented the University with $14,000 for the support of studies in the general field of medical science visual education. The only other condition attached to the gift is that so long as Professor Thomas S. Jones, Head of the Department of Illustration Studios, is on the faculty of the University the fund shall be used at his discretion and with the approval of the Dean of the College of Medicine for studies which Professor Jones is directing in the general field of medical science visual education. It is Professor Jones's desire to use part of the fund for the purpose of financing a comprehensive study of medical museum and display techniques and the theory and methods of visual education generally, but particularly with reference to medical science education, as soon as it is possible for him to be granted a sabbatical leave of absence from the University for perhaps six months or longer. The results of the study would be published in monograph form. At present and for a few months to come Professor Jones is concentrating on a project of the Office of the Surgeon General of the Army preparing material for the publication of a surgical anatomy for medical officers, and this will be completed before Professor Jones undertakes the new project. I have authorized acceptance of this gift for the purpose and under the conditions indicated and request confirmation of my action. Since expenditures from this fund will be spread over a period of several years, Professor Jones and the Dean of the College recommend that $10,000 be invested in appropriate securities and the income added to the principal account. This would leave $4,000 available in cash for immediate use. I concur. On motion of Mr. Jensen, the action of the President of the University in accepting this gift was approved and confirmed, and the Finance Committee was authorized to invest part of the fund as recommended. SALE OF BANK STOCK At this point, M r . K a r r a k e r , for the Finance Committee, presented a recommendation that three shares of stock in the First National Bank in Champaign be sold. O n motion of Mr. Karraker, the Comptroller was authorized to sell this stock at the best price obtainable. UNIVERSITY OF ILLINOIS FOUNDATION After a discussion of the proper functions of the University of Illinois Foundation, the President of the Board was authorized, on motion of Mr. Karraker, to appoint a special committee of four members, in conference with the President of the University and the Directors of the Foundation, to formulate the functions of the Foundation and its relationship to the Board, and to report to the Board as soon as possible. This committee was empowered to employ such special counsel as it m a y deem advisable. President Livingston appointed the following special committee: Mr. Fornof, Chairman, M r . McKelvey, M r . Jensen, Mr. Davis.
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