![]() | Board of Visitors minutes June 14, 1996 | ![]() |
APPROVAL TO ALLOW THE UNIVERSITY OF VIRGINIA FOUNDATION OR
ITS SUBSIDIARIES TO PROVIDE GIFT ANNUITIES TO DONORS
The following resolution was adopted:
- RESOLVED that the Board of Visitors, as recommended by the External Affairs Committee, authorize the Executive Vice President and Chief Financial Officer to (1) create a gift annuity program; (2) sign and create any documentation related to such a program; (3) direct the use of funds held by the Foundation or its subsidiaries, on behalf of the University, for reserves needed to comply with gift annuity policies in various states; and (4) ensure that the gift annuity program is conducted in accordance with guidelines established by the Finance Committee of the Board of Visitors.
![]() | Board of Visitors minutes June 14, 1996 | ![]() |