J. Professorship Name Change (FCR 2)
Mr. Chellgren said that FCR 2 is a relatively routine matter that the Committee
deals with on a recurring basis. The Pharmaceutical Technology
Leadership/Professorship/ Chair Endowed Fund is being changed to the Patrick P.
DeLuca Pharmaceutical Technology Professorship in the College of Pharmacy. Dr.
DeLuca is a principal contributor to the endowment and a member of the College of
Pharmacy faculty. He is a UK Sullivan Award recipient. These gifts are generally being
matched by the state's Research Challenge Trust Fund, and efforts are underway to move
toward ultimately creating a $1,000,000.00 endowed chair in the name of Dr. DeLuca.
He moved the adoption of FCR 2. Ms. Sparks seconded the motion, and it carried
without dissent. (See FCR 2 at the end of the Minutes.)
K. Wanda B. Coleman Estate Distribution (FCR 3)
Mr. Chellgren said that FCR 3 was a bit of a windfall to the University as the
Development Office described when they described this gift to the Finance Committee.
It is a distribution of $615,000 in cash and a gift of one-half interest in 216 acres of land
in Nelson County, Kentucky, near Bardstown. Mrs. Coleman died about a year ago. She
earned two bachelor's degrees from the University in the 1930's. She lived in Danville.
The farmland is being sold, and the University has one-half interest in this cash gift and
the ultimate residual interest in the proceeds from the land. These are undesignated funds
and will go into the university's endowment. He moved the adoption of FCR 3. Ms.
Wickliffe seconded the motion, and it carried without dissent. (See FCR 3 at the end of
L. Expenditure Authority for Housing and Dining Maintenance Reserve
Mr. Chellgren said that FCR 4 is another step the University is undertaking to
improve additional safety features in the windows in the Kirwan /Blanding Hall
residential complex. This proposed expenditure of almost $375,000 would permit the
installation of safety bars on all the windows. There are 1,562 windows in this residential
complex. The Board and other observers are very sensitive to and aware of the incident
that occurred recently when students fell to their death through windows in that complex.
Given the profile of this item and with the concurrence of Mr. Reed, he asked Ben
Crutcher, Director of Housing and Dining, to comment on the recommendation.
Mr. Crutcher provided background information and displayed a picture of a
window where the safety bars are to be installed in the residential complex. He made the
following comments. On May 2, 2002 two students fell through a third story window in
Kirwan Tower to their deaths. Following the accident, President Todd met with the staff
and informed them that his objective was to improve the safety of the residence halls for
the students. He asked that the incident be reviewed and studied thoroughly and that a
recommendation for improving the safety in the Kirwan/Blanding residence halls be
presented to him.