The Dr. Peter and Alice Lancione Endowment Fund in Family Medicine was established July 10, 1992, by the Board of Trustees of The Ohio State University, with a gift to The Ohio State University Development Fund from J. Boyd and Penelope L. Binning in honor of Mrs. Binning's parents, Dr. Peter (B.A., Anatomy, 1932) and Alice Lancione.
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.
The annual income shall be used to support scholarships and partial stipends with preference for the selection of the recipient given to those individuals who have expressed a commitment to practicing family medicine in a rural or small community in Ohio as determined by the Chairperson for the Department of Family Medicine and Dean for the College of Medicine in cooperation with the University Committee on Student Financial Aid.
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 Chairperson for the Department of Medicine, the Dean for the College of Medicine, or program administrative officer in order to carry out the desire of the donors.