Office of the President
                                             December 12, 1978


                                             ICBR 1


Members, Board of Trustees:

              APPROVAL OF CHARITABLE REMAINDER
      ANNUITY TRUST AGREEMENT WITH GERTRUDE B. ROBINSON

Recommendation: that the Board of Trustees authorize the
President to execute an annuity trust agreement with Mrs.
Gertrude B. Robinson of Silver Springs, Maryland, as donor,
and the University of Kentucky, as trustee, providing for
the delivery of stock by the donor to the trustee and, in
turn, annuity payments by the trustee to the donor for life.

Background: The donor proposes to transfer to the trustee
the stock listed on the attached Schedule. The stock is to
be managed and invested (or sold) by the trustee as a single
fund, with the income therefrom (and the principal, if neces-
sary) usedto pay to the donor for her life an annuity equal
to five (5%) percent of the fair market value of the stock
on date of transfer.

             At the donor's death, the trustee is authorized
and directed to transfer the trust fund to the University
of Kentucky, for the use and benefit of the College of Engineer-
ing, for the establishment of a lectureship. If the principal
and income, together with a bequest under the Last Will and
Testament of the donor, are sufficient in amount to endow a
professorship or chair under the University's policy governing
private funding of academic positions (see AR II-9.0-2), the
Earl Parker Robinson Memorial Professorship or Chair in
Engineering is to be established.












Action taken:  Approved   XX  Disapproved        Other



Date      December 12



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