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3 occurrences of endowment spending policy
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RESOLUTION ACCEPTING THE VIRGINIA 2020 COMMISSION REPORTS
 
 
 
 
 
 
 
 
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3 occurrences of endowment spending policy
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RESOLUTION ACCEPTING THE VIRGINIA 2020 COMMISSION REPORTS

WHEREAS, in May 1998, the Board of Visitors called for comprehensive planning for enhancement of the sciences, the arts, international programs, and public service, these plans to be developed in the context of the Board's continuing commitment to excellence in programs already recognized for excellence and to the development of sound resource bases for these undertakings; and


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WHEREAS, this initiative became known as Virginia 2020: Agenda for the Third Century; and

WHEREAS, the commissions were charged with long-range planning for the four areas initially envisioned and also for other areas, including student life, athletics, and (in the context of the conclusion of the capital campaign) financial and management strategies appropriate to the ongoing enhancement of the University's programs and activities; and

WHEREAS, the relevant commission reports have been circulated and discussed widely, and conform to the Board's general intentions and ambitions for the University.

RESOLVED that the Board of Visitors accepts the Virginia 2020 reports, charges the President with developing strategic plans to achieve these goals in consultation with the Board of Visitors, commends the faculty, staff, and alumni contributors to the Virginia 2020 planning program, and directs that plans for the possible future implementation of the Virginia 2020 program be developed, contingent upon the Board's express future approval, including efforts to identify and raise the resources necessary to achieve these goals.