Kentucky State University Regular External Relations and Development Committee Meeting Board of Regents External Relations and Development Committee 11:30 a.m., July 24, 2009 Board Room, Academic Services Building Frankfort, Kentucky

Regent Laura Douglas called the meeting of the Kentucky State University Board of Regents External Relations and Development Committee to order at 11:30 a.m. on Friday, July 24, 2009. Mr. Hinfred McDuffie, Vice President for Administration, External Relations and Development, called roll:

Regent Wilbert James, absent Regent Tucker Landy, present Regent Joel Schrader, absent

One of the three regents was present. A quorum was not established.

Regent Douglas postponed action to approve the minutes from the April 24, 2009, External Relations and Development Committee Meeting. The minutes will be redistributed to the committee for approval at the October 23, 2009, meeting.

Mr. McDuffie presented the Executive Summary Report, as documented in the distributed committee meeting material.

Regent Landy inquired about the target for alumni giving. Mr. McDuffie explained that the national average for alumni giving is 9 percent to 11 percent. Kentucky State University is currently at the 4 percent level for giving. Mr. McDuffie said further that during the university's 125th year celebration, Development will launch a capital campaign with the goal of increasing alumni giving into the double digits.

The investment summary report was forwarded to all committee members and presented by Mr. James Faraday of Fifth Third Bank.

Regent Douglas adjourned the External Relations and Development Committee's July 24, 2009, meeting at 11:51 a.m.

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