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Frank L. McVey and the University of KentuckyA Progressive President and the Modernization of a Southern University$
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Eric A. Moyen

Print publication date: 2011

Print ISBN-13: 9780813129839

Published to Kentucky Scholarship Online: September 2011

DOI: 10.5810/kentucky/9780813129839.001.0001

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PRINTED FROM KENTUCKY SCHOLARSHIP ONLINE (www.kentucky.universitypressscholarship.com). (c) Copyright The University Press of Kentucky, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in KSO for personal use.date: 30 July 2021

McVey’s Era of Great Aspirations 1922–1931

McVey’s Era of Great Aspirations 1922–1931

Chapter:
(p.132) Chapter 4 McVey’s Era of Great Aspirations 1922–1931
Source:
Frank L. McVey and the University of Kentucky
Author(s):

Eric A. Moyen

Publisher:
University Press of Kentucky
DOI:10.5810/kentucky/9780813129839.003.0005

Both the professional and personal pressure that McVey experienced in 1922 should have been enough to motivate him to leave the University of Kentucky. He, however, did not leave for several reasons, and various events during the 1920s led him to stay in Lexington for the remainder of his professional career. The finances of the university saw some improvement with Mary F. Bingham's death as an endowment that brought about $75,000 a year was willed to the University of North Carolina to allow the University to hire and retain professors. After the resolving of a lawsuit, Kentucky received more than a million dollars from inheritance taxes, and the university received no less than $100,000. The university also received several donations that further improved their financial situation.

Keywords:   Mary F. Bingham, inheritance tax, donation, financial situation, University of Kentucky, University of North Carolina

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