Gifts of alumnae and other friends of Margaret Floy Washburn, '91, professor Washburn's residual estate and designated contributions to the 75th anniversary fund were combined to establish the Margaret Floy Washburn Fund for student aid, with preference to students showing promise in psychology. Margaret Floy Washburn was professor of psychology from 1903 until 1937 and for many years was chairman of the department. She established one of the earliest departments of experimental psychology in an undergraduate college.