Word: schwilck
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...trustees deliberately overspent because we had a number of good projects," Schwilck said...
Despite the general cutbacks, the foundation will continue to provide grants for minority students after the regular fellowships end, Schwilck said...
...Jene L. Schwilck, president of the foundation, said yesterday during the past 21 years the organization "overspent its income," requiring a cutback in funding of current programs...
Since the program began in 1951, the foundation has awarded fellowships to 3600 students, Schwilck said...
...Schwilck said in the past seven years the foundation's capital has declined from about $220 million to $70 million, mainly because of a reduction in the value of its stock holdings. In the same period the foundation's operating budget has declined from $12 million to $4 million, he added...
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