Donna R. Blaustein & Natalie R. de Maar Scholarship Endowment

The Donna R. Blaustein & Natalie R. de Maar Scholarship Endowment was established in June 2005 through the generosity of Donna R. Blaustein, Class of 1971, and Natalie R. de Maar, Class of 1976. The purpose of the fund is to provide scholarship support for students enrolled in the School of Law who demonstrate high academic achievement and financial need.

On April 12, 2011, the Memorandum of Understanding was amended to include the following:

The annual spendable income generated by the Fund will be determined in accordance with the Act and the Foundation’s policies and procedures. Regardless of any contrary policies or procedures, in determining the spendable income generated by the Fund, the Foundation will not take into account the fact that the Fund is an “Underwater Fund”, defined as a fund with current market value less than the sum of all contributions to the fund, and the percentage of Fund value available as spendable income for each year will be the same as the percentage of fund value available as spendable income with respect to other funds that are not Underwater Funds. The previous sentence will not be applicable if the value of the Fund is less than $50,000 on the date that spendable income is determined for funds managed by the Foundation.