Samuel Austin Frank Pond, a former Warden of Convocation, presented $5,480 to the University in 1966 for the acquisition of land to be used for the purpose of encouraging the study of forestry or, if the University should cease to engage in the study of forestry, then for similar purposes such as agricultural or botanical research as a memorial to his late father, Samuel Francis Pond.
He further directed that the land so acquired might be sold and the proceeds held as the "Samuel Francis Pond Trust" in such investments as the Council from time to time determines to be used to further the specified purposes.