the Committee and tentatively presented his suggestions and those of his board of trustees as to what uses should be made of the portion of the income available to the University. The first distribution will probably be made in this direction with the beginning of the fall semester, 1927. Scholarship support of Sharon youths already undertaken during Mr. Boyd's lifetime, is being continued this year to the extent of $8,900. This will probably nearly exhaust the quarter of the income available for scholarships during this one year. Further decisions about the administration of the scholarship funds will take into account Mr. Boyd's wishes and intentions, conditioned by such newly arisen needs or appeals as should influence the Foundation Committee in carrying out its trust. The terms of the Boyd Fund illustrate to the man or woman who wishes first of all to remember some special institution or undertaking, how that can be done through the Cleveland Foundation, and how at the same time there can be secured through the Foundation plan an adequate safeguard against a harmful or futile rigidity. As has been well said, the Foundation offers "Insurance of Usefulness."
The Biggar Fund Dr. Hamilton F. Biggar, a prominent Cleveland physician, who died on November 29, 1926, at the age of 88, had provided through a living trust agreement that there should be established: "A fund of One Hundred Thousand Dollars ($100,000.00) to THE CLEVELANDTRUST COMPANY,of Cleveland, Ohio, which it shall thereafter hold as Trustee for the charitable uses and purposes set forth in a Resolution adopted by the Board of Directors of THE CLEVELANDTRUST COMPANYon the second day of January, 1914, providing for a community charitable trust [5]