 Allan Shivers died in 1985 and Marialice died on September 29, 1996.The University of Texas sold Woodlawn to the State of Texas in December, 1997 for $2.6 million.The proceeds endowed the Allan Shivers Chair in Law and Banking at the University of Texas School of Law and the Marialice Shivers Chair in Fine Arts at the University of Texas–Pan American.