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The last will and testament of Horace H. Rackham provided for the establishment of a trust fund to provide for the health and welfare of individuals, particularly the sick, aged, the young, the poor, and other underprivileged. Much of the trust money went to the University of Michigan to be used for a building for the graduate school and an endowment to be used for different kinds of research. The Fund also awarded grants to agencies involved in child welfare, community culture, education, health, philanthropy, and science. The Fund distributed money from 1934 until about 1941. The series in this record group consist of administrative and executive files, and project applications and grant files.

The records of the Horace H. Rackham and Mary A. Rackham Fund document the continuing generosity of Horace Rackham and Mary Rackham to numerous charitable, educational, and scientific organizations and causes. The records contain the files of the Fund's trustees and directors and provide insight and information about such topics as the administration of a philanthropic fund-giving organization during the mid-1930s, the kinds of gifts made, the relationship among the Fund's trustees and officers, and the relationship between the Fund and the grant recipients. Because of the size of the gift, most of the documentation within the record group details the close ties between the Fund and the University of Michigan. These files concern not only the establishment of the Rackham endowment to the University, but also the different scientific and educational grants made. Additionally, these files detail the construction of the Horace H. Rackham School of Graduate Studies building in Ann Arbor and the Rackham Educational Memorial building in Detroit.

The records of the Fund cover the period of 1929-1950 though they bulk largest for the period of the Fund's greatest activity, 1934-1940. The record group has been separated into two series: Combined Administrative and Executive Office Files and Project applications/grants.

Graduate School of the University of Michigan. Records include dean's topical files, 1892-1996; files of associate deans; minutes of the executive board; project and grant files detailing faculty and student research; lists of degrees granted; records of fellowships and awards granted by the graduate school and university; and files relating to academic departments and programs, including reviews of degree programs.

The records of the Horace H. Rackham School of Graduate Studies document the administration of the school, its academic programs and research projects and fellowships funded by the school and outside sources. The records include Dean's Files, minutes of the Executive Board and Administrative Council, Academic Unit and Program Evaluation files, and grants administration records.

Records of the Graduate School have been received by the library in numerous accessions, some large others quite small. Some accessions represent continuations or complements to previously received materials. This finding attempts to intellectually integrate continuing or similar record series received in multiple accessions.

The records are organized into a number of series. Among the more significant are:

1. Deans' Topical File
2. Research Records
3. University Units
4. Program Evaluations
5. Faculty Research Grants
6. Degree Lists
7. Faculty Fellowships, Grants and Awards
8. Graduate School Executive Board and Administrative Council

In 2008, the Rackham School of Graduate Studies announced that it would become a 'paperless' office and that future accessions to the Bentley Library would be electronic. The materials from 1990 to 2003 were thus digitized by Rackham staff (from the original paper records) and saved as PDF (Portable Document Format) files. As of 2012, these digital accessions comprise two subseries within the Graduate School Executive Board and Administrative Council series and Program Evaluation series.