Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 107]

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BOARD OF TRUSTEES

[October 16

bution for licensed purposes was conducted under an exclusive distribution agreement with Research Foundation, a not-for-profit organization. Under the agreement proposed, the University will continue to supply BCG vaccine to the National Cancer Institute and other experimental programs in which the vaccine is used to treat cancer patients. (The experimentation with BCG for cancer therapy is the major use of the vaccine in the United States.) T h e agreement will provide that either party may terminate the contract with three months advance written notice. The University will retain all rights, title, and interest in the vaccine. The estimated annual distribution for licensed purposes in fiscal year 1981 is 10,000 ampules, producing an estimated annual income to the University of $73,400. T h e executive vice president has recommended approval. I concur. O n m o t i o n of M r . V e l a s q u e z , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d .

Agreement with Lions of Illinois Foundation to Construct an Eye Research Institute, Medical Center

(13) On July 2 1 , 1976, the Board of Trustees indicated its interest in a proposal from the Lions of Illinois Foundation, in which the Lions would initiate a fundraising effort and contribute the proceeds to the University of Illinois Foundation for the construction of an eye research facility at the Medical Center campus. T h e trustees' action anticipated the development of a definite agreement with the Lions of Illinois Foundation. The chancellor at the Medical Center now has recommended that the board authorize the execution of such an agreement. U n d e r its terms, the Lions of Illinois Foundation will: 1. Conduct a fund-raising effort with a goal of $5,000,000. 2. Transfer the funds raised to the University, or to the University of Illinois Foundation as the University may elect, to construct and equip an eye research facility at the Medical Center campus. Under the agreement, the University of Illinois will: 1. Name the facility the "Lions of Illinois Eye Research Institute" if $3,000,000 or one-half the total project cost (now estimated to be $6,000,000), whichever is greater, is received from the Lions of Illinois Foundation. Further, the Lions of Illinois "logo" will be displayed on the exterior of the facility in conjunction with the name identified above. 2. Permit the Lions of Illinois Foundation to designate rooms or areas within the facility to recognize major donors, subject to the approval of the chancellor at the Medical Center. 3. Prepare an application to the National Eye Institute for a matching construction grant; and consider any such funds awarded as part of the dollar requirement for naming the building the "Lions of Illinois Eye Research Institute." The University, under the agreement, also may be asked to advise and assist the Lions Foundation with its fund raising efforts and to join in or make additional grant requests. 4. Provide a prominent and visible site for the facility, adjacent to the Eye and Ear Infirmary at the Medical Center campus. 5. Own, operate, and maintain the facility. 6. Directly, or through the University of Illinois Foundation, be responsible for the award of contracts for construction of the facility when funds are available. 7. Initiate a University fund-raising effort if funds beyond those raised by the Lions are required. (Note: This project is identified in the current $100,000,000 campaign of the University of Illinois Foundation.)