Endowment Fund #: 8329-P | Expendable Fund #: 8329-T | Type: Program | Area: Medical College of Georgia
To establish a permanent endowment fund at the Medical College of Georgia. The spendable income of this Fund, but not principal shall be expended in support of: 1. 34% of the principal shall be placed into an endowment to support the costs of operations of the Old Medical College Building and grounds. If at some time in the future, the Medical College of Georgia Foundation is no longer the lessee of the Old Medical College Building, these funds shall be added in equal amounts to the two additional endowed accounts funded by the C.M. Clay Charitable Remainder Unitrust #2. 2. 33% of the principal shall be placed into an endowed account to support the Medical Physics Section of the Department of Radiology. 3. 33% of the principal shall be placed into an endowed account to benefit the School of Medicine with emphasis on the Department of Surgery, Ophthalmology, Ob/Gyn, Cardiology and Bioengineering. Expenditures shall be made at the discretion of the Dean of the School of Medicine. Any portion of the spendable income not expended in any given year will be added to the principal of the Fund. If, at some future time, the purpose designated for the spendable income from this Fund no longer exists, then at the direction of the President of the Medical College of Georgia and the Dean of the School of Medicine, the spendable income shall be used to further the objectives and purposes of the Medical College of Georgia, giving due consideration to the Donor’s intent. The fund shall be administered in accordance with the laws of the state of Georgia and the policies and procedures of the Medical College of Georgia and the Medical College of Georgia Foundation, Inc. Donate Now >