xt7jsx645392 https://exploreuk.uky.edu/dipstest/xt7jsx645392/data/mets.xml Lexington, Kentucky University of Kentucky 1999-01-mar2. minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1999-01-mar2. text Minutes of the University of Kentucky Board of Trustees, 1999-01-mar2. 1999 1999-01-mar2. 2011 true xt7jsx645392 section xt7jsx645392 








                                        AGENDA

                             Meeting of the Board of Trustees
                                 University of Kentucky
                                         1:00 P.M.
                                      March 2, 1999

Invocation

Roll Call

Approval of Minutes

President's Report and Action Items

PR 1    President's Report to the Trustees
        A.   College of Social Work Report

PR 2    Personnel Actions

PR 3    Central Administration
        A.  Honorary Degree Recipients
        B.  Proposed Amendments to the Governing Regulations

PR 4    Community College System (No items to report)

PR 5    Lexington Campus
        A.  Reappointments/Appointments to University of Kentucky Equine Research Foundation
        B.  Appointments to Advisory Board - Lexington Community College

PR 6    Medical Center (No items to report)

Finance Committee

1.    Acceptance of Interim Financial Report for the University of Kentucky for the Seven
             Months Ended January 31, 1999
        Report of Leases
 3.     Capital Construction Report
 4.     Patent Assignment Report
 5.     Kentucky Community and Technical College System Capital Projects
 6.     A Resolution Authorizing the University's Investment of Additional Funds in
             Kentucky Healthcare Enterprises, Inc.
 7.     Establishment of Six Endowed Chairs in the Arts, Humanities and Social Sciences
 8.    Anonymous Gift of S1,000,000 for the William T. Young Library Endowment
 9.    Barnstable-Brown Gala Chair in Pediatric Diabetes Research




 








10.     Bloomfield Endowed Professorship
11.     Carol Lee Robertson Endowed Professorship in Literacy
12.     Carol Martin Gatton Endowment
13.     Constance Wilson Endowed Professorship in Mental Health
14.     Endowed Chair in Neurosurgery
15.     Endowed Chair in Radiation Medicine
16.     Endowed Professorship in Biochemistry and Cardiology
17.     Endowment for Nontenured Faculty Research
18.     Establishment of Endowed Chairs in Veterinary Science
19.     George E. Mitchell Graduate Fellowship
20.     Gheens Foundation Gift
21.     Graduate Intern Research Fellowship
22.     Mr. and Mrs. H. Bruce Price, Jr. Professorship in Agricultural Economics
23.     James C. Van Meter Graduate and Research Endowment in Mathematics
24.     Lewis W. Cochran Endowed Fellowship in Physics and Astronomy
25.     Lexington Herald-Leader Graduate Fellowship
26.     Margaret Logan Colvin Chair in Lung Disease Research
27.     Max Kade Foundation Gift and Pledge
28.     Medical Center Professorships
29.     Michael D. Rankin, M.D. Professorship in Family Practice
30.     Mining Engineering Foundation, Inc. Gift and Pledge
31.     Paul Chellgren Gift and Pledae
32.     Paul Orberson Gift and Pledge
33.     Professorship in Obstetrics and Gynecology
34.     Pulmonary Medicine Professorship Pledge
3 5.    Spinal Cord and Head Injury Pledge
36.     Stites & Harbison Professorship




 








      Minutes of the Meeting of the Board of Trustees of the University of Kentucky, Tuesday,
March 2, 1999.

      The Board of Trustees of the University of Kentucky met at 1:00 p.m. (Lexington time)
on Tuesday, March 2, 1999 in the Board Room on the 18th floor of Patterson Office Tower.

      A.    Meeting Opened

      Governor Edward T. Breathitt, Chairperson, called the meeting to order at 1:05 p.m., and
the invocation was pronounced by Professor Loys Mather.

      B.    Roll Call

      'The following members of the Board of Trustees answered the call of the roll: Mr. Ted
Bates, Governor Edward T. Breathitt (Chairperson), Mr. Nathan Brown, Mr. Paul W. Chellgren,
Mr. Merwin Grayson, Mr. John "Jack" Guthrie, Mr. James F. Hardymon, Professor Loys L.
Mather, Dr. Robert P. Meriwether, Mr. Billy Joe Miles, Mr. Steven S. Reed, Professor Daniel R.
Reedy, Mr. C. Frank Shoop, Mrs. Marian Sims, Dr. W. Grady Stumbo, Ms. JoEtta Y. Wickliffe,
Mr. Billy B. Wilcoxson, and Mr. Russell Williams. Absent from the meeting were Dr. Elissa
Plattner and Mr. Martin Welenken. The University administration was represented by President
Charles T. Wethington, Jr.; Chancellors James W. Holsinger, and Elisabeth Zinser; Vice
Presidents Fitzgerald Bramwell, Joseph T. Burch, Ben W. Carr, Edward A. Carter, George
DeBin and Eugene Williams; Dr. Juanita Fleming, Special Assistant for Academic Affairs; and
Mr. Richard E. Plymale, General Counsel.

      Members of the various news media were also in attendance. A quorum being present,
the Chairperson declared the meeting officially open for the conduct of business at 1:08 p.m.

      C.    Approval of Minutes

      Governor Breathitt said that the Minutes of the Board meeting on December 8, 1998 had
been distributed and asked for any additions or corrections. Mr. Shoop moved that the Minutes
be approved as distributed. Mrs. Sims seconded the motion, and it carried.

      D.    President's Report to the Board of Trustees (PR 1)

      President Wethington called attention to the following items in PR 1:

      1. UK is ranked 14th among land-grant institutions, 21s among public institutions and
          34th overall in a survey of licensing income and patents among the nation's top
          research universities.

      2. Elizabeth Dickey, Chemical and Materials Engineering, received the $500,000
          Presidential Early Career Award for Scientists and Engineers last month from the
          White House Office of Science and Technology Policy. The three-year award will be




 





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          used for her study of the bonding of various materials at the atomic level. She was
          one of only 60 researchers to receive the award.

      3. A commemorative event will be staged in the courtroom of the College of Law at
          noon Wednesday, March 1 Oh, kicking off the celebration of the 50th anniversary of
          African Americans on campus at UK. The celebration will extend through the fall
          1999 semester.

      4. UK is listed in the second annual edition of the Student Guide to America 's 100 Best
          College Buys. UK's tuition rates are below the national average while its freshman
          grade-point average is above the national average.

      5. University Extension, which provides educational programs and services throughout
          Kentucky, is celebrating its 80th birthday.

      6. The Gatton College of Business and Economics inducted Judith Milburn Haywood,
          Charles Shearer, Gene Spragens, and Terry Woodward into its alumni Hall of Fame
          last month.

      7. The Journalism and Telecommunications Alumni Association will induct the late I.
          Willis Cole, Earl Cox, Walt Dear, Joe Dorris, Richard "Dick" Wilson, and Sue Wylie
          into the Kentucky Journalism Hall of Fame on April 5th.

      8. The University's 1998 Annual Report received a special merit award from the
          Council for Advancement and Support of Education. The annual report was chosen
          from among 23 entries and was displayed at the CASE District III Conference in
          Charlotte.

      9. The UK cheerleading squad won its fifth consecutive national championship in
          January in Orlando, Florida. UK has won the championship nine of the last 10 years.

      10. Professor Daniel Reedy, Spanish and Italian, received the Conference of Southern
          Graduate Schools Award for Outstanding Contributions to Graduate Education in the
          Southern Region.

      President Wethington asked the members to read the other items in the report at their
leisure.

      E.    Personnel Actions (PR 2)

      President Wethington recommended that approval be given to the appointments, actions
and/or other staff changes which require Board action; and that the report relative to
appointments and/or changes already approved by the administration be accepted. Mr. Miles
moved approval. The motion, seconded by Mr. Williams, carried. (See PR 2 at the end of the
Minutes.)




 





- 3 -



       F.    Honorary Degree Recipients (PR 3A)

       President Wethington said PR 3A is asking that approval be granted to awarding the
honorary degree of Doctor of Letters to Carol Martin Gatton, the Doctor of Science to Robert J.
Shepherd, and the Doctor of Science to Louis W. Sullivan. The Committee on Honorary
Degrees has recommended to the Graduate Faculty and the University Senate that honorary
degrees be awarded. These three bodies have expressed their approval of the recommendation,
and it has been circulated to Board members for comment. President Wethington expressed
pleasure in recommending approval of PR 3A. Mr. Wilcoxson moved approval. His motion,
seconded by Mr. Reed, passed. (See PR 3A at the end of the Minutes.)

      President Wethington noted that Louis W. Sullivan, Dean and President of the College of
Medicine at Morehouse College, will be the Commencement speaker on May 8th.

      G.    Proposed Amendments to the Governing Regulations (PR 3B)

      President Wethington said that the proposed amendments in PR 3B were submitted to the
Board for consideration at the last meeting. They have been on the table for the required time
period, and they have been circulated to the proper bodies on campus for input. They are being
submitted now to ask the Board for final approval, and he recommended approval of PR 3B. Dr.
Meriwether so moved. Mr. Miles seconded the motion, and it carried. (See PR 3B at the end of
the Minutes.)

      President Wethington noted that there were no items to report from the Community
College System.

      H.    Reappointments/Appointments to University of Kentucky Equine Research
Foundation (PR 5A)

      President Wethington said PR 5A is a recommendation for reappointments/appointments
to the University of Kentucky Equine Research Foundation. The recommendation is that
approval be given to the following reappointments: Mrs. Alice H. Chandler, Mrs. Francois
(Lucy) Boutin, and Mr. Nick Nicholson. He pointed out that Mrs. Chandler has recently been
elected chair of the Equine Research Foundation. For new appointments, the recommendation is
that Mr. Reiley McDonald, Mr. Don Robinson, and Ms. Ina Brown Bond be appointed to the
Board. The Chancellor of the Lexington Campus and the Dean of the College of Agriculture
recommends these appointments after having been approved by the Equine Research Foundation
Board. President Wethington said he was pleased to recommend approval of PR 5A. Mr. Shoop
moved approval. His motion, seconded by Mr. Bates, passed. (See PR 5A at the end of the
Minutes.)

      I.    Appointments to the Advisory Board Lexington Community College (PR 5B)

      President Wethington said PR 5B concerns appointments to the Advisory Board for
Lexington Community College (LCC). He said he was pleased to recommend the appointment
of Mr. William Sisson, who is an administrator at Central Baptist Hospital in Lexington, and Ms.




 





- 4 -



Paula Hanson, who is with Dean, Dorton and Ford PSC and is the head of the Chamber of
Commerce in Lexington for this present year, to the LCC Advisory Board. He said he was
pleased to recommend PR 5B for approval.

       President Wethington noted there were no items from the Albert B. Chandler Medical
Center other than those on the Finance Committee agenda.

       J.    College of Social Work Report

       President Wethington said that he had asked Dean Kay Hoffman of the College of Social
Work to make a report to the Board. He asked Chancellor Zinser to introduce Dean Hoffman.

       Chancellor Zinser said it was her pleasure to introduce Dean Kay Hoffman who joined
the College of Social Work on July 1, 1998. She briefly reviewed Dean Hoffman's credentials
and said that she has made a big difference at the University of Kentucky in the short time she
has been here.

       Kay Hoffman, Dean of the College of Social Work, presented a power point description
of the College of Social Work, including a discussion of the role of the profession of social work
in society, a historical overview of the College, its current status and future directions.

       Social Work is a profession that is hidden in society because its citizens only are in
contact with social workers at difficult periods in their lives. However, social work services are
offered almost everywhere including hospitals, places of employment, family and children's
agencies, schools, hospices, prisons, juvenile detention centers, nursing homes and mental health
facilities.

      The College's history is rooted in its commitment to play an important role in the
University and in society. All Research I Land Grant institutions have either a college or school
of social work.

      The College has three programs: undergraduate, graduate (MSW) and doctoral (Ph.D.)
programs. Off campus programs at Northern Kentucky, Morehead and Prestonsburg where the
MSW is offered complete the program. The Joint Ph.D. program with the University of
Louisville is the only joint Ph.D. program in social work in the country. Over 600 students are
enrolled in all three programs. Twenty -two regular faculty and three clinical faculty members,
and thirty-nine part-time faculty teach, do research, and contribute to the community. In fact,
through internships, the College contributes over $400,000 in in-kind services to the community.

       Curriculum revisions, restructuring the joint Ph.D. program, the development of faculty
scholarship, and the enhancement of community-state-university partnerships are immediate
areas of interest and work for the faculty. There are plans underway to offer a summer structured
Ph.D. program. Faculty scholarship, already high (27th in the country in terms of productivity)
has increased and over $300,000 in state contracts with the Cabinet for Families and Children is
an illustration of the College's thrust to be a vital force in the community and in the
Commonwealth.




 





- 5 -



       The College is hiring its first development officer and obtained its first endowed
Professorship through the Research Challenge Trust Fund. Plans to pursue two endowed chairs,
doctoral fellowships and lecture series monies are part of the ongoing and newly revitalized
development emphasis. Reconnecting with the alumni is a strong focus for development. Dean
Hoffman's presentation was capped off with a brief discussion of society's heroes and Social
Work heroes, both "sung" and "unsung."

       President Wethington thanked Dean Hoffman for her report and said that Dean Hoffman
would be pleased to answer questions. Dean Hoffman entertained questions from members of
the Board, following which she received a round of applause.

       K.    Acceptance of Interim Financial Report for the University of Kentucky for the
Seven Months Ended January 31. 1999 (FCR 1)

       Mr. Hardymon, Chairperson of the Finance Committee, reported that the Finance
Committee met and considered 36 items on the agenda. FCR 1 is a report on the university's
interim financial condition. This report is for the seven months that ended January 31, 1999. He
referred to the balance sheet and said that it continues to be strong. He called attention to the
movement from $127 million to $199 million on endowments and noted that this figure included
the $42 million in matching funds coming from state government. He then referred to the
revenues and stated that the revenues are on track. He said that 68% of the revenues were in
through the first seven months. These are driven by hospital, student fees, and state
appropriation. He noted the percentage of expenditures is slightly below last year's percentage,
and this is due to timing. The University continues to have a strong balance sheet and good
operating financials. Mr. Hardymon moved approval of FCR 1. Mr. Miles seconded the motion,
and it passed. (See FCR 1 at the end of the Minutes.)

      L.    Report of Leases (FCR 2)

      Mr. Hardymon said that FCR 2 is a report of leases that have an annual value of less than
$30,000 per year. The new leases are $8 to $13.81 per square foot, and there is one renewal of a
lease at the same rate previously approved. He moved approval of FCR 2. His motion, seconded
by Mr. Reed, carried. (See FCR 2 at the end of the Minutes.)

       M.    Capital Construction Report (FCR 3)

       Mr. Hardymon said that FCR 3 is the quarterly Capital Construction Report. The report
is very thorough, and the Finance Committee is finding the report to be easy to understand as it
outlines the projects with activity during the quarter. The Finance Committee had a special oral
report on the Commonwealth Stadium, the Career Planning and Placement Center, and the
Mechanical Engineering building. All of these projects are on schedule and are within budget.
He moved approval of FCR 3. Mr. Shoop seconded the motion, and it passed. (See FCR 3 at the
end of the Minutes.)




 





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       N.    Patent Assignment Report (FCR 4)

       Mr. Hardymon said FCR 4 is the quarterly Patent Assignment Report. The first one
involves a compound with high anti-tumor activity involving a way to distribute the compound
to the tumor more effectively. The second one is a situation combining two drugs into a codrug
composition and the ability to release the drugs or combination in a controlled manner. Both are
very important patents, and the Finance Committee recommends approval. On motion made by
Mr. Hardymon, seconded by Mr. Chellgren and passed, FCR 4 was approved. (See FCR 4 at the
end of the Minutes.)

       0.    Kentucky Community and Technical College System Capital Projects (FCR 5)

       Mr. Hardymon recommended that the Board approve the Kentucky Community and
Technical College System (KCTCS) capital projects that were approved and funded by the 1998
General Assembly for the use of the University of Kentucky Community College System but
were not included in the original KCTCS Capital Budget Request. He referred to the list of
projects and explained that these projects were added after the University of Kentucky (UK)
Board had already approved the capital projects. He explained that the projects were approved
by the KCTCS Board in December 1998, and they must have approval by the UK Board. He
said he was pleased to move approval of FCR 5. Ms. Wickliffe seconded the motion, and it
passed. (See FCR 5 at the end of the Minutes.)

      P.    A Resolution Authorizing the University's Investment of Additional Funds in
Kentucky Healthcare Enterprises. Inc. (FCR 6)

      Mr. Hardymon said that FCR 6 recommends that the Board authorize the expenditure of
funds from University Hospital earnings in the amount of $5.2 million to provide additional
capital for Kentucky Healthcare Enterprises, Inc. (KHE) to support and expand its operations.
$4.6 million is for operating funds through June 30, 1999 and $600,000 for development of a
not-for-profit partnership to provide home therapy and medical services. He said the Finance
Committee had a fine report, and he moved approval of FCR 6. Dr. Meriwether seconded the
motion, and it passed. (See FCR 6 at the end of the Minutes.)

      Mr. Stumbo asked that the Committee or the President give the Board a little more
information on the business plan for those substantial investments.

      Chairman Breathitt called on Dr. Meriwether to address Dr. Stumbo's question.

      Dr. Meriwether explained that the Hospital Board is regularly reviewing this operation of
KHE, and he receives monthly reports from the administration of the hospital and the
Chancellor. He stated that KHE is finding its way in the area of managed care. Initially, KHE
purchased practices such as urgent treatment centers in Lexington and a pediatric practice in
Corbin. However, KHE has now begun partnering with physicians and group practices across
the state, and this requires operating capital and money. The University Hospital remains a
viable enterprise and is more than funding itself. Unlike some academic medical centers that




 





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have lost massive amounts of money, UK is certainly doing better and the Hospital Board is
attempting to develop a good business plan for its operations.

      President Wethington said that Dr. Meriwether had given an excellent report. He noted
that Dr. Meriwether chairs the University Hospital Board which includes Steve Reed, Frank
Shoop, Billy Wilcoxson, and Marian Sims who are members of the UK Board of Trustees.
These members regularly oversee the hospital operation and advise the Medical Center. The
requirement is that there be an extensive annual report of the activities of KHE to the UK Board.
He said that more information about this item or any other item could be provided to Dr. Stumbo
or any other member. He assured Dr. Stumbo and the Board that the UK Board members are
actively involved in the oversight of University Hospital recommendations that are presented to
the Board of Trustees.

      Dr. Stumbo expressed concern that the University has now invested over $20 million in
KHE and Commonwealth Healthcare Alliance (CHA). Dr. Stumbo said he was just reminding
the Board that he did not have enough information and feels that medicaid managed care is a
highly technical area with potential for significant losses.

      President Wethington responded that the Chandler Medical Center enterprises overall are
not losing money and that the investments in KHE and CHA are designed to assist the University
Hospital and Medical Center and their physicians in attracting patients and business to support its
operations. He noted that FCR 6 comes with the review and recommendation of the Hospital
Board.

      Mr. Wilcoxson stated that he has tried to stay on top of the financial end of KHE and
feels that the leadership of the University Hospital and Medical Center have a sound business
plan, but like many start up businesses, they require early investment of capital.

      Dr. Meriwether noted that today's healthcare marketplace requires investment to secure
your share of the market by developing relationships with primary care physicians who are going
to count on you for secondary and tertiary hospital and clinical care.

      Governor Breathitt asked for any further questions or comments. He thanked Dr. Stumbo
for raising the issue to help everyone better understand it.


       Q.    Establishment of Six Endowed Chairs in the Arts. Humanities and Social Sciences
(FCR 7)

      Mr. Hardymon said the next 30 items involve a variety of pledges and gifts. He
encouraged any comments. These items are overpowering and rewarding. The biggest
challenge is not to underrate any of the tremendous gifts.

      Mr. Hardymon reminded the Board of its acceptance of $3,000,000 from the William T.
Bryan estate, which was undesignated by Mr. Bryan, at the December 1998 meeting. FCR 7
designates this money by recommending that the Board approve the establishment of six




 





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endowed chairs in the arts, humanities and social sciences from $3,000,000 of the bequest from
the estate of William T. Bryan and the $3,000,000 in matching funds received from the state's
Research Challenge Trust Fund. He moved approval of FCR 7. His motion, seconded by Mr.
Williams, carried. (See FCR 7 at the end of the Minutes.)

       Professor Reedy commended President Wethington for using the Graduate Education and
Research Task Force Report that was approved by the Board. President Wethington said he
would use that report as the guide for moving forward in a number of different areas, and this is
proof of that. He thanked President Wethington and said he believed that it is very important to
show that the University has entered into a plan as it moves forward in achieving the Strategic
Plan goals.

       Governor Breathitt thanked Professor Reedy for his comments and said he would like to
make a brief comment. He said he had watched with great interest the decisions of President
Wethington, since he first became President of the University of Kentucky, concerning questions
that affected the internal operation of the institution, the strength of the university's primary
objectives, the strength of the faculty, the strength of the student body, and the strength of the
facilities and the money to support them. He cited several situations in recent years to show the
great strength of President Wethington. He said that President Wethington has always stood tall
on issues that were crucial to the University. He thanked President Wethington for his strong
leadership and said he knew the Board supports his feeling, following which President
Wethington received a round of applause.

       R.    Anonymous Gift of $1,000,000 for the William T. Young Library Endowment
(FCR 8)

      Mr. Hardymon said that FCR 8 recommends that the Board accept an anonymous gift of
$1,000,000 for the William T. Young Library Endowment. Mr. Young established the William
T. Young Library Endowment and agreed to chair a campaign to raise $5,000,000 for the
endowment by December 31, 2002. This represents the initial gift to the endowment, matched
by the state's Research Challenge Trust Fund, which will provide funds for the purchase of
books and other library research materials in support of the University's goal of becoming a top
20 public research institution. On motion made by Mr. Hardymon, seconded by Mr. Shoop and
carried, FCR 8 was approved. (See FCR 8 at the end of the Minutes.)

       S.    Barnstable-Brown Gala Chair in Diabetes Research (FCR 9)

       Mr. Hardymon recommended that the Board accept a gift of $100,000 from the American
Diabetes Association of Alexandria, Virginia, and a pledge of $400,000 from the Barnstable
Brown Foundation of Louisville, Kentucky, to establish and endow a chair in pediatric diabetes
research in the Chandler Medical Center's College of Medicine. He said that the Barnstable-
Brown Foundation annually hosts a Kentucky Derby Gala in Louisville with proceeds supporting
diabetes research. The $400,000 pledge will be paid in annual installments of $100,000
beginning in 1999. A condition of the gift and pledge is that the state's Research Challenge
Trust Fund match the $500,000 which would provide the $1,000,000 required to establish a




 





-9-



chair. He moved approval of FCR 9. Mr. Reed seconded his motion, and it passed. (See FCR 9
at the end of the Minutes.)

       T.    Bloomfield Endowed Professorship (FCR 10)

       Mr. Hardymon recommended that the Board establish and endow the Bloomfield
Endowed Professorship in Business in the Carol Martin Gatton College of Business and
Economics with $150,000 in contributions and pledges made by Alan Bloomfield of Lexington,
Kentucky, that are eligible to be matched by the state's Research Challenge Trust Fund. He said
that Mr. Bloomfield is a Lexington businessman and a member of the Board of Directors of the
UK Business Partnership Foundation, an advisory council in the Carol Martin Gatton College of
Business and Economics. He moved approval of FCR 10. The motion was seconded by Mr.
Bates and passed. (See FCR 10 at the end of the Minutes.)

      U.    Carol Lee Robertson Endowed Professorship in Literacy (FCR I 1)

      Mr. Hardymon said that FCR 11 recommends that the Board accept a gift of $20,000 and
a pledge of $100,000 from Carol Lee Robertson of Houston, Texas, to create and endow the
Carol Lee Robertson Endowed Professorship in Literacy in the College of Education.

      Mrs. Robertson has been supportive of the College of Education for many years. Her
mother completed her degree in education late in life and developed a strong interest in the
teaching of reading. Through this professorship, Mrs. Robertson supports her mother's interest
in the advanced education of teachers of reading and promotes research on literacy in American
society.

      Her pledge will be paid over a five-year period. In 2001 and 2002, the Exxon
Corporation will match the first $5,000 of Mrs. Robertson's gift on a 3-to-I basis. This match
will provide an additional $30,000 for the endowment. With Mrs. Robertson's gift of $20,000,
her pledge of $100,000, the Exxon Corporation match of $30,000 and a $10,000 gift for the fund
from an anonymous source, the total given and pledged for the professorship over the next five
years is $160,000 to create a $320,000 professorship.

      On motion made by Mr. Hardymon, seconded by Ms. Wickliffe and carried, FCR 11 was
approved. (See FCR 11 at the end of the Minutes.)

      V.    Carol Martin Gatton Endowment (FCR 12)

      Mr. Hardymon recommended that the Board establish and endow four chairs, ten
professorships, graduate scholarships and fellowships, and a faculty research and development
fund with $11,409,000 in contributions and pledges made by Carol Martin Gatton of Bristol,
Tennessee, that have been matched by the state's Research Challenge Trust Fund. The chairs
will be in finance, accountancy, micro-economics, and management/marketing. There will be
five professorships in business, four professorships in economics and one in accountancy. The
graduate fellowships and scholarships will attract and support outstanding MBA and doctoral




 





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students. He moved approval of FCR 12. Mr. Reed seconded the motion, and it passed. (See
FCR 12 at the end of the Minutes.)

      W.    Constance Wilson Endowed Professorship in Mental Health (FCR 13)

      Mr. Hardymon said that FCR 13 recommends that the Board accept a gift of $40,000
from colleagues, friends and relatives of Professor Constance Wilson and a pledge of $10,000
from Joanne Bell of Lexington, Kentucky, to create the Constance Wilson Endowed
Professorship in Mental Health in the College of Social Work. Professor Wilson retired from the
University in 1997 after a distinguished career as a faculty member and Director of Graduate
Studies in the College of Social Work. The gifts and pledges totaling $50,000 will create a
$100,000 endowment to honor Professor Wilson when matched by the state's Research
Challenge Trust Fund. The pledge by Ms. Bell, a College of Social Work graduate, will be
fulfilled within five years. Mr. Hardymon moved approval of FCR 13. Dr. Meriwether
seconded the motion, and it passed. (See FCR 13 at the end of the Minutes.)

      X.    Endowed Chair in Neurosurgery (FCR 14)

      Mr. Hardymon recommended that the Board accept a pledge of $500,000 from the
Kentucky Medical Services Foundation of Lexington, Kentucky, to establish an endowed chair
in Neurosurgery in the College of Medicine. He noted that the pledge is contingent on the
University's receiving matching funds from the state's Research Challenge Trust Fund to create
a $1,000,000 chair to support neurosurgery research. The pledge will be paid in five annual
installments of $100,000 beginning in 1999. On motion made by Mr. Hardymon, seconded by
Mr. Reed and passed, FCR 14 was approved. (See FCR 14 at the end of the Minutes.)

      Y.    Endowed Chair in Radiation Medicine (FCR 15)

      Mr. Hardymon recommended that the Board accept a pledge of $500,000 from the
Kentucky Medical Services Foundation of Lexington, Kentucky, and a pledge of $500,000 from
the Ephraim McDowell Cancer Foundation of Lexington, Kentucky, to create an endowed chair
in Radiation Medicine in the College of Medicine. He said that both donors' pledges are
contingent on the University's receiving $1,000,000 in matching funds from the state's Research
Challenge Trust Fund to create a $2,000,000 chair to support radiation medicine research. The
Kentucky Medical Services Foundation pledge will be paid with five annual gifts beginning in
1999. The Ephraim McDowell Cancer Foundation will pay its pledge with annual payments of
$100,000 beginning in 1999. Mr. Hardymon moved approval of FCR 15. Mr. Chellgren
seconded the motion, and it carried. (See FCR 15 at the end of the Minutes.)

      Z.    Endowed Professorships in Biochemistry and Cardiology (FCR 16)

      Mr. Hardymon recommended that the Board accept a pledge of $485,000 from the
Kentu