Article

Ellis Memorial Gift

March 1956
Article
Ellis Memorial Gift
March 1956

CHARLES C. ELLIS of Buffalo, N.Y., father of Timothy W. Ellis '55, a second-year Medical School student who was drowned last September in Lake Erie, has established the Timothy Wright Ellis 1955 Memorial Fund, with a gift of $25,000 to the College. The sum will be held as a permanent fund, the income to be used to provide financial assistance in the form of scholarship grants or loans to deserving students enrolled in the Dartmouth Medical School. According to the terms of the gift, when income and loan payments permit, provision may also be made for loans to students who have graduated and are completing their medical education at other institutions. Funds for other memorials to Tim Ellis are being raised by classmates and friends, as reported in last month's issue.

Two other major gifts made to the College recently are those from the Eastman Kodak Company of Rochester, N.Y., and the Inland Steel Company of Chicago. As part of its aid-to-education program, the Kodak Company has contributed an unrestricted $7,500 to Dartmouth, and the Inland Steel Company has established a four-year scholarship providing an annual grant of $1,500 to the student recipient, chosen by the College, and an additional $1,000 to the College to cover the difference between tuition charges and actual educational costs. Dartmouth is one of fifteen colleges and universities to share in the 22 scholarships established by Inland Steel.

The Kodak program, providing grants to fifty privately supported colleges each year, is based on the number of graduates hired by Kodak five years previous and still employed by the company. The grants are paid at the rate of $500 for each year that each qualifying alumnus attended the institution. Dartmouth's $7,500 grant was calculated on the basis of three Dartmouth-Tuck School graduates who have been with Eastman Kodak since 1950.