The foundation programs included the
William Faulkner Foundation Award for notable
first novel; the
Ibero-American Award; a scholarship for first-year
University of Virginia undergraduates showing talent in creative writing; scholarships for African-Americans from Mississippi seeking higher education; and monetary gifts to a
Boy Scouts of America "Negro summer camp" in Mississippi. The fund's assets derived primarily from Faulkner's
Nobel Prize for Literature, and in later years, an "Associates" group contributed further funds. Faulkner also donated to the foundation, over several stages, all of the manuscripts that he had placed on deposit for safekeeping at the
University of Virginia library. In 1968, Harold Ober Associates donated to the foundation "certain original records of William Faulkner." Founding members of the foundation included William Faulkner, Linton R. Massey Jr., Faulkner's daughter Jill Faulkner Summers and her husband, Paul Summers Jr. After Faulkner's death in 1962, his widow Estelle Faulkner joined the foundation. The foundation was dissolved in 1970 and all its assets conveyed to the University of Virginia because of a failure of will on the part of the university, which tired of the obligation to award the prizes, and sued in order to divert the assets of the foundation to the university library. ==Writing awards==