At their May 19, 2011 meeting, the University of Michigan regents approved a variety of uses for $419,000 in estimated income from the Julian A. Wolfson and the Marguerite Wolfson Endowment Funds, which support the UM law school faculty. The uses include paying for faculty to attend professional meetings, equipping faculty offices, and sponsoring the Wolfson Scholar-in-Residence program, among other things.
Regents also approved continued use of the Wolfson reserves –unspent endowment income accumulated from prior years – as recommended by the law faculty for emergency and housing loans to the faculty.
This brief was filed from the regents meeting at the Fairlane Center on UM’s Dearborn campus. A more detailed report will follow: [link]