UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Board of Trustees Minutes - 1920 [PAGE 278]

Caption: Board of Trustees Minutes - 1920
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274

BOARD OF TRUSTEES

[March 15,

I enclose a draft for $1000 together with a typewritten statement of her wishes in the matter. Will you please see that we have duplicate receipts for the money, worded in such manner as you may deem appropriate. Any information desired may be obtained by correspondence with the writer or in his absence with the Cashier pf this bank, Mr. L. K. Evans. Very truly yours,

FRANK B. STITT

President REGULATIONS This fund shall be known as the First Fund for Overseas Soldiers and shall be available for American soldiers and officers who have served in the military service in actual warfare in Europe or upon adjoining waters in the years 1917 and 1918, and their descendants. The amount of this fund is one thousand dollars. The fund shall be administered by the Loan Fund Committee of the University of Illinois, subject only to the following provisions. The fund shall be available to the persons referred to above in their Junior, Senior or post-graduate years to enable them to remajn and complete their work in any department of the University of Illinois; and for any of such persons in the first, second, third, or fourth year of any of the courses in agriculture at said university. The applicant must be able to show papers of honorable discharge from the military service of the United States and one or more affidavits proving to the satisfaction of said committee that he was engaged in actual warfare in Europe during some part of the year 1917 or 1918; and where the applicant is a descendant of any such soldier he must make such showing as will satisfy said committee that he is a descendant of such a soldier. The minimum loan from this fund shall be twenty dollars and the maximum loan shall be two hundred dollars, provided that no one person shall be loaned more than the total sum of two hundred dollars. The maximum time limit is four years and the notes bear no interest. This fund shall be kept separate from other funds of like nature administered for the benefit of students at said University. I t is understood that the committee is to furnish donor or her representative with a statement of this fund or any other information concerning the same, upon request at any time. It is further understood that the donor may have the right to change the name of this fund at any time. I t is the desire of the donor that her name be withheld and it is desired that correspondence with the bankers who shall represent her in the matter be limited to only such communications as may be necessary to a proper understanding of the establishment and administration of the fund. February 12,1919.

This gift was accepted and the plan of its administration approved.