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[10] > Image [10] of Minutes of the University of Kentucky Board of Trustees, 1995-02-apr4.

Part of Minutes of the University of Kentucky Board of Trustees

-10- insured the life of John E. Clinkinbeard. He noted that Mr. Clinkinbeard graduated from the University of Kentucky and was a UK Fellow. Mr. Clinkinbeard established an endowed scholarship fund in the College of Business and Economics in 1991 with the understanding that the scholarship would be funded with the proceeds of an insurance annuity. Mr. Bates seconded the motion and it passed. (See FCR 16 at the end of the Minutes.) KK. Good Samaritan Foundation. Inc. Pledge (FCR 17) Mr. Hardymon moved that the Board accept a pledge of $226,804 from the Good Samaritan Foundation, Inc. of Lexington, Kentucky, to the College of Nursing. This pledge is for rural health scholarships, community nursing internships, and a faculty/nurse internship. He noted that the pledge will be paid over three years. His motion, seconded by Mrs. Weinberg, carried. (See FCR 17 at the end of the Minutes.) LL GTE Telephone Operations Gift and Pledge (FCR 18) Mr. Hardymon said that FCR 18 is the official recognition of the GTE Telephone Operations gift and pledge involving the library. He moved that the Board accept from GTE Telephone Operations contributions of $450,000 toward payment of its $625,000 pledge to the Library Building Fund and the Library Book Endowment Fund. Mr. Sturgill seconded the motion and it unanimously carried. (See FCR 18 at the end of the Minutes.) MM. James Allfree Hetzel Bequest (FCR 19) Mr. Hardymon moved that the Board accept a bequest of $506,421.41 from the Estate of James Allfree Hetzel. He noted that Mr. Hetzel's gift will establish and endow a general scholarship fund in the names of James Allfree Hetzel and Mary Willis Saunders Hetzel. The motion, seconded by Professor Mather, passed. (See FCR 19 at the end of the Minutes.) NN. Lucille P. Markey Charitable Trust Pledge (FCR 20) Mr. Hardymon moved that the Board accept a pledge of $1,900,000 from the Lucille P. Markey Charitable Trust to the Lucille P. Markey Cancer Center in the College of Medicine. He reported that the pledge is payable over four years and will support immunotherapy and gene therapy cancer programs. When this gift is completed in four years, it will bring to $13,146,000 the amount the Lucille P. Markey Trust has given to the University Medical Center since the trust was founded in 1983. His motion was seconded by Mr. Crosbie and carried. (See FCR 20 at the end of the Minutes.)