Frostburg State University has chosen to place the $750,000 paid in settlement from the Washington Redskins in a new endowment to be named the Cooke Memorial Fund in honor of the late Jack Kent Cooke, former owner of the NFL team.
Cooke moved the Redskins' summer training camp from Dickinson College in Carlisle, Pa., to Frostburg in 1995.
"The positive memories of Mr. Cooke remain vivid in our minds as we think about the negotiation of a 10-year contract between the Redskins and Frostburg State University. It seems appropriate to name the fund in his honor," said Dr. Catherine R. Gira, FSU president. Gira sent a letter to Cooke's son, John, informing him of the University's decision.
Training camp was moved from FSU to Redskins Park in Ashburn, Va., following the 1999 season, in the year following Daniel Snyder's purchase of the team. Five years remained on FSU's contract. The team will return to Carlisle for this summer's camp.
The Maryland General Assembly cleared the way in its last session for the money to be placed in a private foundation. No decision has been made on how the interest from the endowment will be used. FSU received the payment April 26.
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Frostburg, MD 21532-2303