is 92 percent and the students' mean and median college grade point averages are higher than
those of non-Robinson Scholars in the same cohorts.

The Robinson Scholars Program is funded by the Robinson Trust Quasi-Endowment, which was
established by the University's Board of Trustees in April 1992. The Quasi-Endowment has
received revenues from Robinson Forest totaling $21.1 million through March 31, 2003 and has
been invested in the University's pooled endowment fund. The Quasi-Endowment has funded
several programs at the University, all supporting the purpose of agricultural experimentation
and reforestation, plus programs for the benefit of the people of the mountain region, as required
by the provisions of the Robinson Trust under which the University received the Robinson
Forest.

The Robinson Scholars Program is the only program currently supported by the Robinson Trust
Quasi-Endowment, which had a current value of $9.7 million at March 31, 2003. The Quasi-
Endowment is expected to be completely exhausted in fiscal year 2008 based on projected
investment earnings and program expenditures. In order to continue the Robinson Scholars
Program, which currently has commitments to students through fiscal year 201 1, the University
should activate a development effort for the private funding of scholarship programs at the
University.

      Justin Holbrook, a graduate from Whitesburg High School and a freshman at UK, and
Carly Rice, a graduate of West Carter High School and a sophomore at UK, were asked to share
with the Board some of their experiences in the program. Both students are biology majors.

      Ms. Rice thanked everyone for the opportunity and the time to tell them about the impact
the Robinson Scholars program has had directly on her and Justin. She told about growing up in
a family that had a constant power struggle with education. Her father dropped out his eighth
grade year. Her brother withdrew his senior year. Her mother had bigger dreams of becoming a
registered nurse, and following a long struggle, she became a LPN.

      Ms. Rice said that she had far too much of a hunger for education. Her dreams require
her to go on and get her Ph.D. She said that she wanted to concentrate on marine biology later
and become a professor so that she cannot only pass on knowledge to her students but also to her
children in the future. Getting this scholarship in the eighth grade gave her the peace of mind to
know that her dreams are attainable. She pointed out that the most important thing that the
Robinson Scholars program has done for her has been aiding in her transition. She said that she
was not necessarily prepared education-wise for UK. The coordinators of the Robinson Scholars
program have assisted her in many ways, including finding free tutoring programs, the Student
Support Services Program, and aid from a transition of rural community to a fast-paced college
life. She said she would not be at UK fulfilling her dreams had it not been for the Robinson
Scholars program.

      Mr. Holbrook said his parents did not graduate from high school. Because of the
Robinson Scholars program, he has an opportunity to get a college education, an opportunity that
his parents did not have. The Robinson Scholars Program does provide a lot of support services,
but the most beneficial thing that he has gotten is a desire to succeed. Out of 105 students in his