ANN ARBOR—The University of Michigan announced its receipt of a gift in trust from alumnus, Lincoln M. Knorr. The trust is initially funded with assets of approximately $30 million.

The University will receive periodic distributions from the trust, to be made on a long-term basis by Bank One, the trustee. The University will not expend its distributions until the final settlement of the trust, when it will receive the remaining trust balance, unless the president of the University determines that an extraordinary need exists.

Knorr, who died in 1998, set up the trust to create a significant increase in the endowment funds of the University as his contribution to the public good, which he believed the University achieves.

Knorr, who was born in 1924, was a graduate of the U-M’s Business School and Law School. While at the University, he was a member of the Delta Sigma Pi professional fraternity organized to foster the study of business. He practiced law for a brief time after graduation and later started a business with two partners. The Scott Equipment Company manufactures machines that bond plastic tabs for indexes. The business sells machinery to commercial binderies throughout the world.

Contact: Gordon Beeman Phone: (734) 647-6123

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