Rundquist Family JBT Scholarship Fund

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’s endowment, and only a budgeted amount will be available for spending. The Donors or others may make additional contributions to the Fund in accordance with Foundation policy. The Fund shall 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 the 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 Fund shall support undergraduate scholarships in the Unit, through the Jonathan Baldwin Turner (JBT) Scholarship program. The University may determine all other details about the use of the Fund, including, but not limited to recipients, amount spent, and timing, in accordance with University policies and procedures.