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[8] > Image [8] of Minutes of the University of Kentucky Board of Trustees, 1993-03-apr6.

Part of Minutes of the University of Kentucky Board of Trustees

- 8 - practice and the Finance Committee recommends that the University assign the patent to the University of Kentucky Research Foundation. On motion made by Dr. Meriwether, seconded by Mr. Clay and carried, the Board authorized the President to execute an assignment on behalf of the Board of Trustees to the University of Kentucky Research Foundation. (See FCR 6 at the end of the Minutes.) U. Patent Assignment (FCR 7) Mr. Hardymon stated that FCR 7 is another patent assignment. He reported that the patent is for certain improvements in a noninvasive technique to analyze good and bad cholesterol. He said that it is the Committee's understanding that this is moving very quickly and may go into practice soon. With the concurrence of the Finance Committee, Dr. Meriwether moved that FCR 7 be approved. The motion, seconded by Mrs. Weinberg, carried. (See FCR 7 at the end of the Minutes.) V. Professorship in Otolaryngology (FCR 8) Mr. Hardymon recommended that the Board accept a gift of $210,000 from Kentucky Medical Services Foundation to establish a Professorship in Otolaryngology-Head and Neck Surgery in the College of Medicine, Department of Surgery. He said that the earnings from the endowment will be used toward support of the professorship. Mr. Shoop moved approval. His motion was seconded by Mrs. Weinberg and passed. (See FCR 8 at the end of the Minutes.) W. Janet Galloway Carter Chair in Rehabilitation Medicine (FCR 9) Mr. Hardymon reported that FCR 9 involves an agreement of Ruth M. Galloway and David I. Carter to establish an endowed chair in memory of Janet Galloway Carter. He explained that the agreement involves $1,000,000: the sum of $250,000 from David I. Carter from either a charitable remainder trust or his estate, and the sum of $250,000 from Ruth M. Galloway in the form of a bequest to the University, and a matching amount of $500,000 from the Kentucky Medical Services Foundation. He said that the University very much appreciates this contribution and recommended approval. Mr. Jackson moved approval. His motion was seconded by Mr. Chellgren. President Wethington informed the Board that David Carter is an Associate Vice President at the University who has announced his retirement. He commented that the endowed chair is being established in honor of Mr. Carter's recently deceased wife. Mrs, Carter's mother, Mrs. Ruth Galloway, has jointly agreed to contribute toward the establishment of this endowed chair. He expressed his appreciation to them for their generous contribution. He said that, in his opinion, it is truly appropriate for the University to establish this chair in memory of Janet Carter and that he strongly supported the recommendation. Governor Breathitt said that the University's Medical Center has outstanding people who are devoting their lives and great skills to their profession. It is good to recognize those who have made such a fine contribution in such an appropriate way. He called for a vote and the motion was unanimously approved. (See FCR 9 at the end of the Minutes.)