Wells Fargo Scholarship and Internship Fund

Support one or more faculty positions in finance and/or insurance, if necessary giving preference to insurance over finance; appropriate governing body of UF shall have discretion to determine the number of such chairs and to select faculty members to occupy them, provide such discretion is exercised in a manner which will enhance the settlor's purpose of making funds available to finance the best possible scholarship in the basic subject matters of insurance and finance.

Spendable income for scholarships restricted to the Warrington College of Business, and used to support students qualified for the Master of Science in Real Estate (MSRE) Program with preference for students with undergraduate degrees from Florida A&M University.

The spendable income from the Fund shall be used to fund premiums for the two (2) Foundation-owned second-to-die life insurance policies on the lives of Alfred Coard Warrington IV and Judy A. Warrington. When the premiums are no longer due, the principal and income from the Fund shall be added to the existing endowment fund known as the Alfred C. Warrington IV Fund (F006163), which supports faculty research grants, faculty expense budgets, and faculty development within the College, as the Dean, in consultation with the Provost and President, determines.