Two fellowships with an income of $2,000 each for a full year and one with an income of $1,000 for a half year have been established by Arthur Sachs '01, according to a recent announcement.

By the terms of their foundation, these fellowships are to be assigned to scholars of proved ability, whether students or instructors, for the purpose of enabling them to pursue in any part of the world advanced studies in the history, principles or methods of fine arts.