News Release (January 29, 1968)

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.---NEWS RELEASE NEW COLLEGE SARASOTA, FLORIDA 33578 1 -95 -1/26/68 813 / 355-7131 Ref.: Furman C. Arthur FOR RELEASE: JAN. 29, 1968 College today received a $38,250 ?,ift as the result of the distribution of a trust fund set up by a Sarasota author and former diplomat. Details of a trust fund set up by the late Dr. Warren Kelchner, who died in 1965, were revealed today when the proceeds were made avail-able by officials of the trust department of the Sarasota Bank & Trust Company. According to the terms of the trust, equal amounts were left to the George School of Pennsylvania, the University of Pennsylvania, and to New College. A graduate of the George School and Penn, Dr. Kelchner earned his doctorate at Harvard University, was appointed to the Foreign Service Department of the Department of State in 1929, and served in many res-ponsible positions including his role as secretary-P,eneral of the Confer-ence on the Conclusion of a Peace Treaty uith Japan in San Francisco in 1951. He retired in 1952. more

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NEW COLLEGE Page 2 Dr. Kelchner set up a livinP. trust participated in by his sister, Mrs. Mary K. Eves, and his mother, Hr. Dora Kelchner. At their deaths, the residue of their trust passed into the educational trust established for the three institutions. Nel-1 ColleRe President John Elmendorf said, "Dr. Kelchner's bequest, one of the first of its kind to be received by New College, expresses his faith in the college and his belief that private hir.her education must have the support of private individuals, particularly those who have themselves enjoyed its benefits. "tn up such a trust, Dr. Kelchner and other members of his family were able to enjoy the income from their capital and were assured of its complete use for hiP.her education at a later date. "New ColleP.e appreciates the confidence that Dr. Kelchner had in New said President Elmendorf. "His unrestricted in nature, permits its use by the to produce maximum benefits for the entire academic proRram. I believe this is l-1hat Dr Kelchner would have wished." 30 -