The original trust is designated for graduate students who were born in Iowa and attended a college or university in Iowa. Columbia suggests in its affidavit that the stipulation could be modified so that fellowships could be awarded either to students who are residents of Iowa or to students who graduated from college there.
According to the affidavit, the current value of the trust is $840,000, and it earned $26,000 in income in 2011.
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