The minutes of this committee begins with its first meeting held January 29,1945. At that time, the Museum's Trustees granted the committee "full authority to administer the affairs of the Memorial within the limits of the amount of income available for this purpose." At its inception, the committee was one of the standing committees. By May 21, 1964, the last date of minutes maintained in this record group, a Board of Governors replaced the committee. Although the Museum continues to administer the Memorial, the institution is a separate organization that operates as a free art school and gallery.

A published copy of the Will of Samuel S. Fleisher as well as a six-month financial report for 1964 are included in the "Miscellany" series.