Preserved Smith

In 1879 Preserved Smith of Dayton, Ohio a member of the Board of Trustees, by a gift of the Western Seminary of $10,000 established The Preserved Smith Education Fund. The interest from this generous gift was to be used in accordance with a plan carefully worked by Smith himself. First, an annual appropriation not to exceed $200 was to provide a course of lectures on scientific, literary or Biblical subjects; second an appropriation of $150 was to be used each year to purchase additional books for the library and also philosophical and chemical apparatus and the rest of the income was to provide all or part of tuition and board for a young woman who had completed one year at the Seminary and who was to be selected on the basis of merit as well as need.