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 | ||