6 THE UNIVERSITY OF WISCONSIN

estate is to be used as a loan fund for agricultural students, or for fellow-
ships in the event that the money is not required for loans; and from
Horace S. Oakley, Mrs. Mary Oakley Hawley, and George Walter Oakley,
a fund in honor of their mother to be known as the Jane Oakley fund, the
income to be used to pay the annual contributions of the University of Wis-
consin to the American School of Classical Studies at Athens, Greece.

On August 27, 1908, the entire estate of Colonel William F. Vilas was
bequeathed to the University, the income, however, part or whole if need
be, to go to his wife and daughter during their lives. Half of the income of
the estate is to be used for the support of research professorships, fellow-
ships, and scholarships, and the remainder to increase the principal. The
residue of the estate of the late Torger Thompson is bequeathed to the Uni-
versity to establish a chair in the Scandinavian languages and to assist
Scandinavian students attending the University; the will also provides for
a trust fund of $10,000, the income to be paid annually to the Regents for
research in clinical medicine. In 1911 the friends of the University created
the Carl Schurz Memorial Foundation with a fund of $30,000 given in trust
to the Regents of the University. The unused income from this fund has
been transferred to the principal from time to time so that the fund now
amounts to $48,000.

The late J. Stephens Tripp, of Prairie du Sac, made the University
residuary legatee of his estate of approximately $500,000, free from limita-
tions and restrictions of any kind, which marks it as a remarkable expres-
sion of confidence in the permanent administration of a great public educa-
tional trust. $300,000 of the principal and accumulated income was used to
aid in the construction of Tripp Hall, one of the dormitories for men. It is
expected that this sum will be returned to the J. Stephens Tripp Fund
when the other indebtedness on the dormitories has been amortized. $200,000
was used to aid in the construction of the Memorial Union Building and
Tripp Commons. $10,000 was put in the permanent University Trust
Funds, the income to be used for a scholarship for students from Sauk
County. The remainder is to be used for the acquisition of land for the
development of an arboretum in the vicinity of Lake Wingra, already
undertaken by the Madison Parks Foundation. The will of the late Mary J.
Eichelberger, of Horicon, provided $20,000 for the University; like that of
Mr. Tripp, this bequest is free from limitations and restrictions.

The will of the late John M. Olin of Madison provided for the gift to
the Regents, in memory of his wife, Helen Remington Olin, of his beauti-
ful home at 130 North Prospect Avenue, and eight lots to be used as the
residence of the president of the University. The premises are now occu-
pied by President Frank and his family.

The will of the late Thomas Evans Brittingham of Madison provided
for a “University of Wisconsin Trust Fund,” the amount of which has not
been reported to the Regents. The trustees are to distribute annually, or
from time to time, so much of the net income as they may deem proper to
individuals, colleges, or departments of the University. The funds released
have been sufficient to maintain the Brittingham Professorship of Phil-
osophy during the past three years.

The will of the late William H. Kipp, of Reedsburg, provides for a
permanent trust fund, the amount of which has not yet been determined.
The income is to be used for scholarships of $1,000 per year for students
from Wisconsin high schools; the first one is to be awarded to a student
from Adams County, and thereafter (as rapidly as funds become available)
to students from other counties in alphabetical order.