KU gets $3 million gift
The Kansas University Endowment Association is expected to receive a record gift of $3 million from the estate of Frank Grant Cromwell.
Cromwell's will stipulated that half of the $3 million go to KU scholarships and the other half was to be unrestricted.
Mrs. Frank Cromwell, who died July 28th, has also named the Endowment Association as a beneficiary in her will. A trust fund will be created at a Kansas City bank and ten per cent of the income from the trust is to go to
Journalism fellowships available
Ten fellowships to the Washington Journalism Center, Washington, D.C., will be awarded to Negroes interested in a career in journalism said Julius Duscha, director.
Students who have majored in one of the social sciences and have expressed interest in journalism will be eligible for the program. Seminars with government officials, editors, Congressmen and commentators will be included in the program, Duscha said. Opportunities will also be provided for investigative projects and intern work with Washington news agencies.
Duseha explained the purpose of the program was to explore such problems as the relationship between press and government, foreign policy and the urban crisis.
The deadline for submission of applications for the spring session, which begins Feb. 2, 1970, will be Nov. 1. Each student will receive a stipend of $2,000 to cover living expenses for the 16 week program. There will be no tuition.
Information and application forms may be obtained by writing to Julius Duscha, The Washington Journalism Center, 2401 Virginia Ave. N.W., Washington, D.C.
LEFTIES ABOUND
ST. LOUIS—Lefthanded bowlers were once the forgotten men of bowling but not any more with 20 lefties among the 160 tournament players on the Professional Bowlers Association tour.
2 KANSAN Oct. 8
1969
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the Endowment Association for unrestricted use as a memorial to Cromwell.
per week
With Scholarships Available
The money is reaching KU now —Cromwell died in 1936—because Cromwell's will made his wife trustee of his estate during her life. According to the wills' terms, upon Mrs. Cromwell's death, the trust was to be divided among Cromwell's niece and nephew, the KU Endowment Association and St. Lukes Hospital, Kansas City, Mo.
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After receiving a law degree at Columbia University, Cromwell—an 1888 KU graduate—quickly rose to prominence. At the age of 26 he was the Atchinson County Attorney and a member of the Kansas Board of Regents. Both Mr. and Mrs. Cromwell were elected to the board of trustees of the Endowment Association and Mr. Cromwell served as its president from 1927 till his death. In addition, Cromwell served as a president of the Kansas City Board of Trade and the Kansas City Chamber of Commerce.
Gifts approaching $3 million have been received by the Endowment Association in the past but none have surpassed that
figure. The Spencer Library cost approximately $2,125,000. It was a gift of the Kenneth A. and Helen F. Spencer Foundation. In 1939, Mrs. Elizabeth Miller Watkins bequeathed 25,000 acres of farmland to KU. At the time the land was valued as slightly under $3 million Its present value is unknown.
The assets of Cromwell's estate will be placed in the Commerce Trust Co. of Kansas City. The assets themselves will be used to create the Frank Grant Cromwell Endowment Fund while the interest gained from the money in the bank will be used to establish the Frank Grant Cromwell Scholarships at KU, and a fund to be spent by the Endowment Association as directed by the chancellor. The chancellor is to determine how this fund, derived from the interest on the money in the bank, "can best be used in serving the student body of the University of Kansas."
The Endowment Association will annually decide how many scholarships will be awarded. The amounts of the scholarships will also be left to the association. The only stipulation is that the scholarships be given to "worthy girls."
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