It is proposed that the Crisafi-Monte Endowment Fund be established November 2, 1990, by the Board of Trustees of The Ohio State University with gifts to The Ohio State University Development Fund from Clara and Victor Monte and Bertha and Jack Crisafi.
All gifts are to be invested in the University's permanent endowment fund, under the rules and regulations adopted by the Board of Trustees of The Ohio State University, with the right to invest and reinvest as occasion dictates.
A minimum of ten percent (10%) of the annual income shall be added to the fund's principal. The remaining annual income shall be used to support teaching, research and scholarships in diseases of the heart, lung and related disorders with particular attention given to individuals in the disciplines of primary care and family medicine.
It is the desire of the donors that this fund should benefit the University in perpetuity. If the need for this fund should cease to exist or so diminish as to provide unused income, then another use shall be designated by the Board of Trustees in consultation with the appropriate college dean, department chairperson, or program administrative officer in order to carry out the desire of the donors.