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UNIVERSITY OF THE VIRGIN ISLANDS



BOARD OF TRUSTEES RESOLUTION

(Board of Trustees meeting, March 20; 1988)



1. To designate the monies raised from the annual UNCF campaign

for the support of the University's Margin for Excellence

Program.



2. To establish guidelines for the allocation and use of the

UNCF funds so designated.



3. To authorize the transfer of UNCF gifts and donations to

Endowment Funds.



WHEREAS, The University is aware that private fund raising will

Play an important part in the financing of the University in the

years to come, and,



WHEREAS, donors are more likely to contribute to worthy purposes

and objectives with which they can proudly identify, and,



WHEREAS, it is desirable for the University to identify for the

benefit of donors, the purposes to which the proceeds from the

UNCF campaign will be put, and,



WHEREAS, a "Margin for Excellence" program in name, intent and

purpose, holds out to the contributing public the image of an

institution dedicated to the pursuit of excellence, and committed

to maintaining a high level of achievement, and,



WHEREAS, the opportunity exists for the University to earn

considerable public support and endorsement by dedicating

well-publicized gifts and donations to the institution to the

Support activities of activities of special merit and

distinction, and,



BE IT RESOLVED THAT:



1. There is, hereby, established at the University of the Virgin

Islands a "Margin for Excellence Program" to be funded by gifts

and donations from friends and supporters.



2. The purposes of the "Margin for Excellence Program" shall be:



(a) To stimulate distinctive achievement in the areas of

instruction, research and public service.



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(b) To develop and maintain distinctive competencies and

capabilities in support of these primary institutional

activities.



(c) To promote and encourage outstanding scholarship and

innovation among students and members of the faculty.



(ad) To earn the University special distinction and public

recognition.



3. Monies raised from the UNCF drive shall be dedicated to the

support of current and future Margin for Excellence Programs as

follows:



a. 50% to be allocated to a Margin for Excellence

Quasi-Endowment Fund for current use.



bis 50% to be allocated to the building of a University

Endowment Fund, with interest on said fund to be used

for the support of future Margin for Excellence

Programs.



4. The "Margin for Excellence" Fund shall be used to fund

projects and initiatives of special merit and distinction with

such projects and initiatives selected on a competitive basis.



5. Projects and initiatives shall be funded on a year to year

basis, thereby ensuring that funds will not be permanently

obligated for specific activities.



6. The President and Vice President for Business and Financial

Affairs are authorized to set aside UNCF funds as authorized, and

to carry out the transfer of the designated UNCF amounts to

Quasi-endowment and endowment funds in keeping with the intent

and purpose of this resolution.



7. To authorize the President and the Vice President for

Business and Financial Affairs to create such oversight

committees as may be needed to approve, monitor and evaluate

research proposals.



CERTIFICATION



I, Arthur A. Richards, Secretary of the Board of Trustees of the

University of the Virgin Islands do hereby certify that the

foregoing is an exact copy of a Resolution of the Board of

Trustees as adopted at its meeting on March 20, 1988, and as

recorded in the minutes of said meeting.



Pe aes! PD PM = MO LOE

Date Secretary of the Board of Trustees