university of illinois - UIHistories Project

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. Arthur 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) 141 000 00
11. The 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) 86 700 00
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) 34 000 00
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. Yarros: 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. The 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. The 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 30 000 00
Total, Supplement No. 1 $398 975 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.