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Caption: Board of Trustees Minutes - 1958
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1050 BOARD OF TRUSTEES [December 17 teaching accounting, $1,000 a year for five years, beginning with the academic year 1956-57 (reported to the Board July 25, 1956, minutes page 27) 5 000 9. Mr. A r t h u r Keating, Chicago: fifty shares of Ekco Products Company common stock, with a current market value of $2,000 (this amount shall be used over a period of five years, $400 each year, for the Dr. B. B. Rappaport Student Dental Research Assistantship in the College of Dentistry, established by Mr. Keating) (reported to the Board October 22, 1956, minutes page 121) 2 000 00 10. W . K. Kellogg Foundation, Battle Creek, Michigan: for the National Association of Educational Broadcasters in support of educational broadcasting, for a period of three years (reported to the Board July 25, 1956, minutes page 27) 141 11. T h e Magnavox Company, Fort Wayne, Indiana: seven television sets for the use of students and members of the faculty at Urbana-Champaign (reported to the Board January 16, 1957, minutes, pages 186 and 187). 12. National Science Foundation, Washington, D.C.: for the support of a program for supplementary training of high school teachers of mathematics (reported to the Board, November 28, 1956, minutes page 158) 86 13. Rockefeller Foundation: for a study of polyploidy in maize under the direction of Dr. Denton E. Alexander, Department of Agronomy (reported to the Board March 12, 1957, minutes page 317) 34 14. Bequest of Edward H . Schlader: the will of the late Edward H . Schlader provided that his estate be held in trust with the income to be used to establish the Schlader Memorial Scholarships in Engineering at the University of Illinois in memory of Theodore H. Schlader, Class of 1885 (reported to the Board November 28, 1956, minutes page 156). 15. Estate of Victor S. Y a r r o s : the trust agreement, established by the late Victor S. Yarros in 1949, amended in 1950, provided for termination of the trust upon his death and distribution of the assets among various beneficiaries, including the University of Illinois. T h e estimated amount the University will receive will be between $30,000 and $40,000. The University has received annual contributions of $300 from this trust since 1949 for the Rachelle S. Yarros Scholarship Fund. T h e funds from the trust estate have been set up as an endowment, the income to be used for scholarships to deserving and needy students in the College of Medicine 30 Total, Supplement No. 1 $398 000 00 700 00 000 00 000 00 975 00 Supplement No. 2 Summary of 1056 Achievement Fund The income of the Mini Achievement Fund of the University for the calendar year 1956 amounted to $144,958.37. Of this total $114,126.09 was received in sums designated for specific projects, and $30,832.28 was received in undesignated gifts. All allocations of undesignated gifts were made by the Board of Directors of the University of Illinois Foundation with the approval of the University administration. The following summary shows the distribution of 1956 income: Gifts to 1956 Projects $54 625 68 Special Projects 38 086 08 Gifts for Endowment Purposes 48 282 90 Income from Endowment Funds 3 963 71 Details of this report have been published in the Illinois Alumni News ot March, 1957, and are being filed with the Secretary of the Board for record. This report does not represent the total income of and funds raised by the University of Illinois Foundation during the calendar year ending December 31.
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