Chair Hatchett thanked Ms. Dunaway for her work and for her reports.
Next, VP Dunaway led a discussion regarding her department's initiatives, opportunities, and challenges.
As to VP Dunaway's comments relative to staffing, Chair Dukes inquired whether she felt that she would have enough staffing support once several key positions were filled.
Following the conclusion of the final Finance & Administration Committee agenda item, the Investment and Advancement Committee's Chair, Regent Charles Moyer, PhD, called the meeting to order at 11:13 a.m.
The Board's Secretary, Mr. Zachary Atwell, called the roll:
Regent Charles Moyer, Chair Present Regent Michael Adams Jr., Co-Chair Not Present Regent Robert Ramsey Sr. Present Regent Edward Hatchett Present Regent Jason Moseley Not Present Regent Ernie Fletcher Not Present
Three (3) Regents were in attendance and present at roll call. A quorum was therefore not established. Secretary Atwell advised the Committee that no substantive action could be taken without a quorum. Therefore, the Committee proceeded on an informational basis only.
MOTION by Regent Hatchett:
Move the Committee to approve the agenda of the May 28, 2024, meeting of the Investment & Advancement Committee.
Seconded by Regent Ramsey and passed without dissent.
Mr. Michael DeCourcy, Interim VP, institutional Advancement & External Relations, presented this agenda item. He began with a discussion of three RFPs relative to banking, investments, and philanthropy, noting that the banking and investment RFP drafts were nearly complete and almost ready for posting. The philanthropy RFP has been posted online and will close June 25, 2024.
Regent Hatchett inquired how long it had been since RFPs in these three areas had been issued.
Chair Moyer asked whether the investment RFP would include the recently approved investment policies for the endowment.
Next, Mr. DeCourcy discussed Philanthropy Review RFP 24-07 in detail, highlighting its major objectives.