John E. White Scholarship Fund

The principal of the Fund will be held as an endowment, as defined by University and Foundation policy. The principal of the gift will be held in the Foundation endowment pool, and only the net income will be distributed to the University to be expended. The Fund will benefit the College of Agricultural, Consumer and Environmental Sciences at the University of Illinois at Urbana-Champaign (“Unit”). If for any reason the current functions of said Unit are transferred to another organizational unit of the University or the name of the Unit is changed, then the Fund will continue to benefit the Unit, as changed. The net income shall be used to support scholarships. Preference shall be given to students with demonstrated financial need. The University may determine all other details about the use of the net income, including, but not limited to amount spent, recipients and timing, in accordance with University policies and procedures.