 | Board of Visitors minutes March 31, 1979 |  |
AUTHORIZATION FOR TRANSFER OF CONTRIBUTIONS
In order to encourage donors to contribute private funds for the benefit of the University through matching gift plans and the University of Virginia Pooled Income Fund, and in order to facilitate the administration of such contributions in accordance with the expressed wishes of donors, the Finance Committee, upon recommendation of the President, the following resolution was adopted:
RESOLVED by The Rector and Visitors of the University of Virginia that the Vice President for Business and Finance of the University be and he is hereby authorized to transfer contributions received by the University through matching gift plans and income interests or remainder interests in the University of Virginia Pooled Income Fund, and the proceeds or other property resulting from such contributions, to a tax-exempt University-related foundation, whenever it is determined that the donor specified in writing that he preferred to have his contribution ultimately held, invested, managed and expended for the use and benefit of the University by such foundation in accordance with the terms of the gift and the charter of that foundation.
| Board of Visitors minutes March 31, 1979 | |