zanzibar: <Almost $400,000 bequested to USCF
The USCF is proud to announce that we have received a bequest in the amount of $350,000 from the estate of the late Philip C. LeCornu of Florida. We only have a few details about Mr. LeCornu, a life member, at this time, but he was believed to be an active and strong player in the 1950s.
The gift to the USCF was not targeted to a specific endeavor. The USCF plans to honor Mr. LeCornu's generous act by per manently naming the "King" chess piece at the USCF headquarters after him and signifying this with a plaque in his honor.
On behalf of the Federation, I say to both of these gentlemen, "Thank you and your generosity will not be forgotten." To the friends and family of Mr. LeCornu and Mr. Gustafson, we in the chess com munity like to offer you our condolences for your loss, but rest assured that their memory will be honored.
~Bill Hall, USCF Executive Director>
<LeCornu Bequest and Olympiad Fund
USCF is greatly indebted to the late life member Philip LeCornu, a former Michigan Open champion, who has left the Federation a $350,000 bequest. $50,000 of these funds are being used to start a Philip LeCornu Olympiad Fund, with 10% of the fund available each two years to support American teams. We expect investment and donations to exceed this payout so that the fund can grow to eventually provide significant, regular support for our players. USCF will also apply at least $100,000 of this bequest to pay down our building mortgage. For information on how you can establish long term support for a favorite project, please contact Bill Hall at firstname.lastname@example.org or PO Box 3967, Crossville, TN 38557.
~Bill Hall, Executive Director>