An Agreement Establishing the Endowment for The Clifford Judkins Durr and Virginia Foster Durr Lectureship at Auburn University at Montgomery
On the petition of the Lectures Committee of the Clifford Judkins Durr Lectures: Drs. Allen Hess, William Honey and Nancy Woodman, and members of the Clifford and Virginia Durr family: Ann Durr Lyon and Lucy Durr Hackney, the Clifford J. Durr Lectureship at Auburn University at Montgomery is hereby amended to read as follows:
Auburn University at Montgomery (AUM) is establishing an endowment to fund the Clifford Judkins Durr and Virginia Foster Durr Lectures. The purpose of the lectures is to present nationally prominent speakers to address aspects of the constitutional protection of civil liberties, especially those enunciated in the First Amendment of the United States of America Constitution. These liberties need forums so they can be expressed continually and affirmed, and nowhere in society is there a more appropriate forum than the university. This lecture series will enhance the learning atmosphere for students, faculty and the community at large, helping to fulfill the mission of AUM. The lectures are to be free and open to the public.
This fund shall be a permanent endowment fund, contributions to which will be made absolutely to Auburn University at Montgomery, a division of Auburn University. Gifts to the fund shall be maintained and administered by the university in accordance with university policies.
The following guidelines shall be used in the administration of this program:
- Principal, defined as that value on initial gifts plus additional contributions or reinvested earnings, may not be used at any time.
- Only earnings generated by the invested principal may be used to fund the Durr Lectures or expended as otherwise provided.
- Ten percent of the earnings generated by the invested principal shall be added to the principal to help protect the fund from inflation and other factors.
- The remaining ninety percent of the earnings shall be paid over to Auburn University at Montgomery to be used for funding for the Durr Lectures or as otherwise provided.
- At the discretion of the Lectures Committee and with the permission of the Chancellor of AUM, unused earnings may either be carried forward and used to fund the lectures in succeeding years or added to the principal fund. Earnings added to the principal become principal and shall be treated as principal thereafter.
The Lectures Committee shall be the governing committee for the Clifford Judkins Durr and Virginia Foster Durr Lectures with the following responsibilities:
- Selecting lecturers, making arrangements for the lectures, and disbursing funds held in the name of the endowment, subject to the provisions of the university governing such disbursements. Expenditures on behalf of the lecture series would include, but are not limited to, expenses for the publicity, framing of proclamations, token gifts to lecturers or guests, receptions (including food and entertainment), honoraria or fees to lecturers, travel and related expenses.
- Making an annual written report not later than October 1 of each year to the Chancellor on the activities of the committee, to which shall be attached the accounting of the receipts and expenditures of the committee.
- The Lectures Committee shall consist of three members of the faculty or staff of AUM and two lineal descendants of Clifford J. and Virginia Foster Durr.
- The initial Lectures Committee shall consist of the following faculty and staff members: Drs. Allen Hess, William Honey and Nancy Woodman, and the following lineal descendants: Ann Durr Lyon and Lucy Durr Hackney.
- In the event that any member of the Lectures Committee shall be unable or unwilling to act as such, or there shall be a vacancy for any other reason, the Chancellor shall consult the remaining members of the committee and appoint a successor member, who qualifies pursuant hereto.
In addition to the Lectures Committee, there is hereby established a Leadership Committee to the Clifford Judkins and Virginia Foster Durr Lectures, whose members shall be recommended by the Lectures Committee and appointed by the Chancellor.
The Leadership Committee shall advise and consult with the Lectures Committee on selection of speakers and appropriate ways for the Durr Lectures at AUM to honor the memory of Clifford and Virginia Durr.
Transfer of Funds
All funds in the Clifford J. Durr Lectureship shall hereafter be held in the Clifford Judkins Durr and Virginia Foster Durr Lectures endowment fund pursuant to this Agreement.
When the principal amount in the endowment fund equals or exceeds $250,000, the Lectures Committee shall be empowered to allocate any portion of the earnings on hand in excess of that necessary to fund the annual lectures to be used for scholarships for AUM students who have shown an interest in studying the psychological or legal principles that affect the constitutional protection of civil liberties.
The Lectures Committee shall prepare and submit to its members and the Chancellor no later than October 1 of each year an annual accounting for this fund as of June 30 of each year. This report will be available to contributors upon request.
If any provision of this Agreement is found to be in conflict with or in violation of any federal or state law or regulation, the administration of this Agreement shall be carried out in a manner that will comply with the requirements of said law or regulation.