Proceedings of the Board of Regents (1951-1954)

48

AUGUST MEETING, 1951

Development On recommendation of the National Executive Committee of the
Council Michigan Memorial-Phoenix Project, the Board established a fundraising unit of the University, to be known as the Development Council, with the understanding that tentatively the Council will operate
under the following terms and conditions (R.P., 1948-51, p. 1281):
1. That a preliminary organization be set up immediately in order to maintain the values and make use of the experience gained in the Michigan MemorialPhoenix Project.
2. That the tentative name of this organization be known as the Development
Council of the University of Michigan.
3. That this Development Council have autonomy and jurisdiction under the
Board of Regents and that it be made up of fifteen to twenty-five members representing the Board of Regents, the Administration and Faculty, Alumni and Students, Industry and other friends. From the Council, it is proposed that a Steering
Committee of five be chosen. Final approval of the membership of the Council
shall be the responsibility of the Board of Regents.
4. That the preliminary staff of the Council include a paid Director (p. 28),
and Assistant to the Director, or other head, and a Secretary. Nominations for
these positions and the salaries to be paid should be recommended to the Board of
Regents by the University's President and executive officers. Headquarters for the
Council staff should be established at the University.
5. That the Development Council prepare studies of the University's probable
needs for which the Council should attempt to secure financing and probable
sources of funds to meet these needs for a period of a decade or longer.
That special committees of the University's faculties be appointed to make
studies of long-term and current needs; and that special committees of alumni
and other friends be appointed to make studies of potential sources of funds to
meet the needs.
6. That the Council consider various types of programs for securing funds, including bequests and insurance policies, gifts and grants, and annual giving
programs, and present to the Board of Regents an outline of an organizational
plan for securing such funds.
7. That the Development Council meet at regular intervals, to be determined
by the Council.
8. That in the interim, while the Council is being formulated, authority be
given to the Steering Committee members of the Michigan Memorial-Phoenix
Project to carry on the preliminary work of the Council and to make recommendations to the Board of Regents for membership personnel of the Council.
Foundry On recommendation of the Executive Committee of the College of
Educational
Foundation Engineering, the Board gratefully accepted a fund of $2,500, to be expended during the University year 1951-52, from the Foundry Educational Foundation whereby the University of Michigan becomes a participating school in its program. The purpose of the fund is to provide
$500 for "travel and meeting fund... to enable staff to attend functions of the foundry industry and of the Foundry Educational Foundation," and the balance of the money is to be used as scholarships
ranging between $200 and $500 or, if the conditions make such action
desirable, a part of this balance may be used to help cover the expenses
of a graduate assistant where such help is needed in the Foundry Laboratory.
Regents-Alumni The Regents approved a change in the policy in connection with
Honor Awards the Regents-Alumni Scholarship awards. In the future the name of
the award will be University of Michigan Regents-Alumni Honor
Awards. The awards will be made on the same plan as at the present,
one to each accredited high school in the state from which a qualified
graduating senior applies, plus a number of awards-at-large on the
basis of state-wide competition. To be eligible for one of these awards,