![]() | Board of Visitors minutes June 10, 1994 | ![]() |
4923
RESOLUTION AUTHORIZING THE EXECUTIVE VICE PRESIDENT AND
CHIEF FINANCIAL OFFICER TO APPROVE THE USE OF A CONTRACTED
TRUST ADMINISTRATOR AND THE CHARGING OF THE RELATED FEES
TO GIFTS OF TRUSTS
The following resolution was adopted:
- WHEREAS the University desires to use the services of a contracted trust administrator to administer gifts of trusts to the University and to charge the fees to those trusts; and
- WHEREAS the University desires to pass on to the trusts any investment management fees incurred in the management of trusts;
- RESOLVED that the Board of Visitors hereby authorizes the Executive Vice President and Chief Financial Officer or his designee to approve the use of a contracted trust administrator to administer gifts of trusts to the University and to charge the related investment management and administrative fees to such trusts.
![]() | Board of Visitors minutes June 10, 1994 | ![]() |