THE NET INCOME OF THE FOUNDATION WILL BE PRIMARILY USED TO ESTABLISH A CHAIR OF LAW AT THE AMERICAN UNIVERSITY WASHINGTON COLLEGE OF LAW IN HONOR OF JOHN SHERMAN MYERS, FORMER DEAN OF WASHINGTON COLLEGE OF LAW. AFTER FUNDING THE CHAIR OF LAW, ANY INCOME REMAINING IS TO BE USED TO PROVIDE SCHOLARSHIPS FOR LOW INCOME STUDENTS AT THE AMERICAN UNIVERSITY WASHINGTON COLLEGE OF LAW.