zvowell
Wed, 12/28/2022 - 21:51
Edited Text
III. -1” The gift came at a most opportune time, for this field at San Luis Obispo was expanding rapidly without proper climate, soil, water or laboratory set-up in the way of trees, groves or vines. The gift is to be perpetuated in retaining the name as the Voorhis Unit of California Polytechnic. THE'WRASSE LOAN FUND During the same year as the V3orhis Unit gift came the first substantial cash endowment to aid worthy students. Leopold Edward wrasse, elderly San Joaquin valley rancher and capitalist, gave the school $25,000 to be invested in securities, with the proceeds to become available to worthy students as loans to assist them in completing their education. Students coming from Fresno County will receive first opportunity to borrow from the wrasse Fund, but there is no fixed geographical limitation beyond this' point. Students Will be required to show need, and to show ability to work and save money. Following receipt of the wrasse endowment, the president of California Polytechnic was advised that another philanthropist has provided for a cash endowment of $50,000 in his will. Since the money will not become available until his death, and until the probate of the estate, his legacy is not being publicized at the present time.