Grace B. Cox Scholarship Fund
Grace B. Cox, 1932 ISNU alumna, made a bequest in her will which provided funding support for the ISU Student Loan Fund. Following her death in 1985, guidelines for the fund were established, based on information from her will. However, because other types of loans are available to students and the University currently has no process for making student loans from such sources, no loans had been made from the fund, and no loan balances were owed to it for a number of years. The Executive Committee of the Illinois State University Foundation Board therefore approved action to change the loan fund to an endowment to be known as the "Grace B. Cox Endowed Scholarship Fund," to be used to provide scholarships to incoming freshmen.