Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 1165]

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1262

BOARD OF TRUSTEES

[October 23

This change has been approved by the Vice-President in charge of the Chicago Professional Colleges. I concur and recommend that the Comptroller be authorized to execute this change in the contract.

On motion of Mr. Johnston, this contract change was authorized.

ADDITION T O CONTRACT FOR HEATING AND REFRIGERATION INSTALLATIONS IN RESEARCH A N D EDUCATIONAL HOSPITALS A D D I T I O N

(19) The Director of the Physical Plant Department and the Comptroller recommend an increase of $5,866.93 in the contract with M. J. Corboy Company for heating and refrigeration installations in the addition to the Research and Educational Hospitals. This is to provide for additional operating room equipment which the Head of the Department of Surgery considers necessary for the safety of patients. The Vice-President in charge of the Chicago Professional Colleges has approved this addition. Funds are available in the state appropriation for the construction of an addition to the Research and Educational Hospitals. I concur and recommend that the Comptroller be authorized to execute this change in the contract.

On motion of Mr. Fornof, this contract change was authorized.

GIFT O F MRS. A N T O I N E T T E F. B R O W N FOR FELLOWSHIP IN CHEMICAL RESEARCH

(20) Mrs. Antoinette F. Brown of Chicago desires to establish an endowment fund, the income of which would provide for a fellowship in chemical research. She has made a contract with the Equitable Life Assurance Society, naming the University as beneficiary after her death for the proceeds of that contract. In case the proceeds do not amount to $30,000, she proposes to provide for the balance needed to endow the fellowship by direct bequest in her will. She also desires a portion of the proceeds of the contract to be used for cancer research under Dr. A. C. Ivy. The insurance contract can not include any stipulation as to the use of the proceeds. Mrs. Brown asks for assurance that the University will accept the insurance and any additional funds that she may provide, under certain conditions which she desires to apply. The proposal has been reviewed by the Comptroller and the Head of the Department of Chemistry who recommend that the Board indicate its willingness to accept the fund under these conditions, and submit the following resolution which has been approved by the Legal Counsel and is acceptable to Mrs. Brown. I concur and recommend approval. Resolution WHEREAS, Mrs. Antoinette F. Brown has informed the Board of Trustees that she has made a contract with the Equitable Life Assurance Society of the United States, in which she has named the Board of Trustees of the University of Illinois as a beneficiary after her death, and further, that it is her intention that the amount to be derived by the University from this contract shall be not less than $30,000, and that, it is her intention, if the amount is less than that sum to provide for a bequest to the University in her Will to make up any deficiency and assure a fund of $30,000; and WHEREAS, it is the desire of Mrs. Brown that this fund be received for the purpose of establishing a permanent endowment fund, the income of which will be used in perpetuity for a Fellowship in Chemical Research and that said fund and fellowship be known as the Walter Burrows Brown Fellowship in Chemical Research; and WHEREAS, it is the further desire of Mrs. Brown that a certain proportion of the residual value of the aforesaid insurance contract after her death be used by the Board of Trustees to aid in carrying on cancer research under the direction of Dr. A. C. Ivy in an amount not exceeding $1,500; and WHEREAS, Mrs. Brown requests the Board of Trustees to indicate its assent