Page "Liberal Arts, Inc." Paragraph 21

: Dear Winkie: ... my idea ( and I understood it to be yours ) was that some college for undergraduates similar in size and curriculum to St. John ’ s should be the beneficiary of the gift.

When you went to Massachusetts, it was my understanding that it was to form such a college.

Through circumstances beyond your control, that project now appears unfeasible, if not impossible, within any reasonable amount of time, chiefly due to the lack of qualified teachers and adequate building funds.

As an alternative, you have requested Old Dominion Foundation, through me, to release the entire benefits of the endowment fund to Liberal Arts, Inc .... for purposes which seem to me extremely vague ....

Since I am extremely doubtful that the income from this endowment would in the long run be adequate to carry on whatever purpose you envisage ( which I gather would involve considerable expansion of your present adult education plan ), and in addition take care of a future undergraduate college, I do not feel at liberty to recommend such action to Old Dominion Foundation as being practical or consistent with our original agreement, intentions or plans.

Under the circumstances, it would seem the wisest and fairest thing to do would be to abandon any plans in connection with the Stockbridge project on the grounds of the impossibility or impracticality of carrying out the original intention, that is, of providing endowment for a college for undergraduates similar in size and curriculum to St. John ’ s College.