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These "Jack Diamond" and "Special" scholarships reflect an annual expenditure of $15,000.
This comes from the "undergraduate scholarships" budget line item which totals $1,120,000.
This expenditure of about $160,000 is not under the jurisdiction of the Committee.
This figure is part of the larger "Awards" line item which is $90,000.
The athletics and recreation component covers: Athletic Awards ($1,100 each disbursed over 2 semesters); Recreation Leadership Awards ($1,000 each disbursed over 2 semesters), and Pipe and Drum Awards, which have a value ranging from $300 - $550.
Current net annual growth in endowments from this source is in the order of $35,000.
Allowed
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