-2-
FCR 7        Medical Alumni Association Gifts and Pledge (Consent)
FCR 8        Gene and Deborah Gabbard Charitable Remainder Unitrust Pledge
(Consent)
FCR 9        Estate of Edith H. Harmon Gift (Consent) FCR 10      Estate of Anthony Leonard Boaden Wyatt Gift (Consent)
(See PR 2 and FCRs 1 through 10 at the end of the Minutes.) D.        Recognition of Dr. E. Vernon Smith
President Todd said there was a big headline in the Herald-Leader that morning about a gentleman who is a true Kentuckian who wants to do something for his university and the people of Kentucky. The gifts from Dr. E. Vernon Smith and those honoring his deceased wife, Eloise C. Smith, will have a significant impact on the university. His gifts trace the history of his personal contact with the University of Kentucky.
President Todd expressed appreciation to Dr. Smith's attorney and good friend, along with Susannah Denomme and Mike Richey, for helping bring Dr. Smith's gifts to the university. It is a great way to end the fiscal year.
President Todd recognized Dr. E. Vernon Smith and gave some biographical information about him. He is from Cincinnati; however, he is a native of Greenup County. He is a 1937 graduate of the University of Kentucky and is a former member of the UK Band. Upon graduation from UK, he completed Medical School at the University of Cincinnati, then spent his career as a highly respected internist in the Cincinnati area.
Dr. Smith was invited to the Board of Trustees meeting to be recognized during the announcement of his $5.2 million gift to UK. The gift will be matched by the Research Challenge Trust Fund, bringing the total gift to $10.4 million. Also, Dr. Smith has made estate plans to fund an additional $1.1 million in undergraduate scholarships for nursing. In addition, the Athletic Association will match $345,000 of this gift. Hence, the $11 million plus gift is a headline in the newspaper. Dr. Smith's gift will create two chairs  in macular degeneration and Alzheimer's research. Additionally, Dr. Smith will create a scholarship endowment in the College of Medicine with preference for students coming from Greenup County. Dr. Smith's gifts will also create three professorships in the areas of history, nursing, and macular degeneration and a faculty award in the College of Business and Economics.
President Todd invited Mr. Hardymon to join him in presenting Dr. Smith with his very well earned UK Fellows Presidential plaque. He asked Dr. Smith to come forward and accept the plaque. Dr. Smith received a round of applause and a standing ovation.