Holdings University Foundation Executive Director's Office Property Acquisition File Finding Aid Holdings University Foundation Executive Director's Office Property Acquisition File Finding Aid Title: Property Acquisition File, 1956-85
ID: 32/1/11
Primary Creator: University of Illinois Foundation
Extent: 4.4 cubic feet
Arrangement: Alphabetical by name of owner
Subjects: Krannert Center for the Performing Arts, Parking
Formats/Genres: Papers
Languages: English
Property Acquisition File including copies of sale and purchase agreements, leases and correspondence relating to properties acquired by the Foundation for lease or sale to the University in connection with the construction of the Krannert Center for the Performing Arts, other buildings and parking lots.
Established in 1935,1 the University of Illinois Foundation is a separate, non-profit corporation established to handle trusts, receive gifts and bequests, license patents and render other services to the University. It is managed by a Board of Directors. It acts as financial agent of the University in borrowing money for buildings and other major improvements.2 It has a service agreement with University Patents, Incorporated, which works out licensing arrangements with industrial firms for marketing faculty inventions which have been patented. The Foundation then invests the income in basic research.3
1. Board of Trustees Transactions, 38th Report, October 23, 1936, p. 442.
2. Ibid., pp. 442-43.
3. Gene Vance, University of Illinois Foundation, Director, Champaign-Urbana Campus.
URL: https://files.archon.library.illinois.edu/uasfa/3201011.pdf
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