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[182] > Image [182] of Minutes of the University of Kentucky Board of Trustees, 1997-07-sep16.

Part of Minutes of the University of Kentucky Board of Trustees

FCR 7 Office of the President September 16, 1997 Members, Board of Trustees: ESTABLISHMENT OF STITES & HARBISON PROFESSORSHIP OF LAW AND QUASI-ENDOWMENT Recommendation: that the Board of Trustees establish the Stites & Harbison Professorship of Law to be funded by gifts from Stites & Harbison, a Lexington, Kentucky, law firm, and establish a quasi-endowment fund with matching contributions from the College of Law. Background: Stites & Harbison, a long-time supporter of the College of Law, has pledged $48,000 for the professorship payable in four annual installments of $12,000 through 2000. The law firm's total commitment to the professorship is $85,000, which includes $37,000 in previous gifts. The College of Law is supporting the Stites & Harbison Professorship by establishing a quasi-endowment fund of $100,000. When fully funded, the Stites & Harbison Professorship will provide a $10,000 annual salary supplement to a senior faculty member with special distinction. A: Disapproved U Other Action taken: roved