Repository: UIHistories Project: Board of Trustees Minutes - 1946 [PAGE 297]

EXTRACTED TEXT FROM PAGE:

•294

BOARD OF TRUSTEES

[November 30

" T o devote the income from the principal fund, as the payments to me and to my sisters come to an end, to the support of research, fellowships, and publications in such a manner as the Board may think advisable in the general field of history and political science, under the direction of the Dean of the Graduate School of the University of Illinois, or some similar and competent officer designated by the Board of Trustees of the University of Illinois. T h e Board will, in so far as practicable, establish group fellowships of approximately $1,000 each, to be awarded to candidates who are beyond their second year of graduate work. The Board may, in its discretion, accumulate the income from the principal fund of approximately $50,000 for periods not to exceed three years for the purpose of undertaking special enterprises involving substantial outlays larger than the ordinary Graduate School undertakings." The net amount realized from the gift was $41,621.61. T h e balance in the income account at June 30, 1944, was $1,633.16, and the annual income of the fund at the present rate of return is approximately $1,450. The. matter has been considered by the Dean of the Graduate School in consultation with the heads of the Departments of History and Political Science. Based on their recommendations and those of the Comptroller, the following plan for the administration of these fellowships is recommended: 1. That appointments be made either to a third-year fellowship (in the case of a candidate for the doctorate) or to a post-doctoral fellowship, the actual type of appointment to be determined each year by a consideration of available and suitable appointees with reference to the question of the wisest use of the funds. 2. That the stipendium be set at $900 for the third-year fellowship and at $1,200 for the post-doctoral fellowship. 3. T h a t the unexpended part of the income be each year added to the principal until that principal is brought to a total of $50,000. 4. That the Heads of the Departments of History and Political Science, together with such colleagues as they may wish to consult, make recommendation to the Graduate School concerning the appointee, with the understanding that the best candidate available will be presented without regard to the question whether one of the Departments more frequently has the appointee than the other. The recommendation so formulated will come to the Executive Faculty of the Graduate School for consideration in accordance with the usual plans for appointment of fellows. In case the appointee is to be a third-year fellow, the analysis of the appointment should be made by the Executive Faculty in accordance with the customary procedure for such appointment. In case the appointee is to be a post-doctoral fellow, the procedure of the Executive Faculty should be in accordance with whatever plans may be developed in the future for handling such fellowships, whether they are the same as the plans for pre-doctoral appointments or not. The action of the Executive Faculty of the Graduate School would be in the form of a recommendation to the President for the appointment, this being the case now with other graduate fellowships. It is understood that there is no obligation on the Graduate School to recommend an appointment in any particular year if no highly promising candidate is available. I recommend approval of this plan of procedure.

Mr. Morey presented this recommendation. On motion of Mr. Fornof, this plan of procedure was adopted as recommended.

H. H. FERGUSON ESTATE (5) T h e University is the residuary legatee under the will of H . H . Ferguson, of Alton, Illinois. An issue has recently arisen over local taxes assessed against the estate. Mr. Karl K. Hoagland, of the firm of Green and Hoagland of Alton, Illinois, counsellors for the executors of the estate, has written Dean Albert J. Harno reporting the outcome of negotiations with the Board of Review of Madison County which have resulted in a substantial saving. T h e immediate party concerned is the executor of the estate, but the University as residuary devisee is also concerned in having the corpus of the estate preserved. In the opinion of