University of Illinois Foundation | University of Illinois Archives

Name: University of Illinois Foundation


Historical Note:

Established in 1935,1 the University of Illinois Foundation is a separate, non-profit corporation established to handle trusts, receive gifts and bequests, license patents and render other services to the University. It is managed by a Board of Directors. It acts as financial agent of the University in borrowing money for buildings and other major improvements.2 It has a service agreement with University Patents, Incorporated, which works out licensing arrangements with industrial firms for marketing faculty inventions which have been patented. The Foundation then invests the income in basic research.3

1. Board of Trustees Transactions, 38th Report, October 23, 1936, p. 442.

2. Ibid., pp. 442-43.

3. Gene Vance, University of Illinois Foundation, Director, Champaign-Urbana Campus.






Page Generated in: 0.136 seconds (using 39 queries).
Using 9.66MB of memory. (Peak of 9.84MB.)

Powered by Archon Version 3.21
Copyright ©2011 The University of Illinois at Urbana-Champaign