BOARD OF TRUSTEES MEETING Wednesday, October 5, 2016 – 12 Noon – Chattanooga Rooms B & C – University Center AGENDA Call to Order/Invocation Lunch Chair Report o Introduction of New Trustees o Affiliation Agreement Renewal Update/Action o Employee Management Services Agreement/Action Consent Agenda o Minutes o Action Items of the Executive Committee o Treasurer/Finance Report Chancellor’s Remarks Program o International Program-Takeo Suzuki, Executive Director for International Programs Endowment Report Executive Director’s Report Other Business Adjournment Next Board of Trustees Meeting – Wednesday, December 7, 2016 CONSENT AGENDA MINUTES BOARD OF TRUSTEES MEETING FRIDAY, JUNE 17, 2016 TENNESSEE ROOM Pursuant to notice, a meeting of the Board of Trustees of the University of Chattanooga Foundation, Inc. was convened at 12:00 p.m. on Friday, June 17, 2016, in the Tennessee Room on the UTC campus in Chattanooga, Tennessee. The following Ms. Corinne Allen, Chancellor Steven Angle, Mr. Doug Brown, Mrs. Nancy Collum, Mr. members of the Fred Decosimo, Mr. John Foy, Mr. Mike Griffin, Mr. Tom Griscom, Mr. John Guerry, Mr. Board of John Guthrie, Mr. Jim Hall, Mr. Robby Jones, Mr. Bill Kilbride, Ms. Donna Lawrence, Trustees Ms. Ladell McCullough, Ms. Ashlee Patten, Mr. Chris Ramsey, Ms. BettyeLynn Smith, (constituting a Mr. Bill Stacy, Mr. Tony Vest, Mr. Greg Vital, Dr. Andy Walker, Ms. Kim White, Mr. Quorum) were Grady Williams, Mr. Bucky Wolford and Ms. JoAnn Yates. present in person: Others present: Present by invitation were: Dr. Jerald Ainsworth, Dr. Dee Dee Anderson, Dr. Richard Brown, Mr. Paul Clark, Mrs. Terri Clark, Mr. Andrew Clark, Ms. Terry Denniston, Mrs. Emily Forrest, Mr. Terry Fredrickson, Ms. Jayne Holder, Ms. Kirby Johnson, Dr. Rickey McCurry, Mr. Brent McMillian, Ms. Harriet Neely, Dr. Bryan Rowland, Mr. Takeo Suzuki, Mrs. KT Van Zile, Mr. Troy Van Zile, Ms. Caroline Von Kessler, Mr. Caleb Whitted, and Mrs. Suzanne Brown. Call to Order Chair Bucky Wolford called the meeting or order. Dr. Bill Stacy gave the invocation. and Invocation: Chancellor’s Chancellor Angle thanked Emily Forrest and Bryan Rowland for their work on the Annual Remarks: Report presentation. The Chancellor welcomed all of the Trustees and conveyed their importance to the University. Later in the meeting we will recognize those Trustees that are rotating off the board. The University mourns the passing of Lee Anderson and recognize and celebrate his achievements and contributions to the Foundation and University. We finished the year graduating our largest class of 1,390 graduates. We had 11,388 undergraduate and graduate students enrolled in the fall 2015. UTC has over 500 teaching faculty and 56,000 Alumni. Enrollment for the fall seems to be up a couple hundred students. We work with an incredible group of people and have been growing our team over the past year Dr. Joanne Romagni, Vice Chancellor for Research and Dean of Graduate School; Mr. Kirk Englehardt, Vice Chancellor for Marketing and Communications, Dr. Daniel Pack, Dean for the College of Engineering and Computer Science; and, Mr. Takeo Suzuki, Executive Director for International Programs. The overall representation of the endowment ($119M) was presented. Over 1000 students Board of Trustees Meeting –June 17, 2016 Page - 1 - received support. South Campus Housing project was refinanced last year – a huge effort by many. A tremendous savings due to the refinancing. Campus Updates – A large hole in the ground on Vine St where the racquetball courts used to be for the new dorm and underground parking; the Lupton Library and Fine Arts Center rendering was presented (completion 2018); The new Alumni House at the Corner of Oak St. and Douglas St. is completed and occupied; the Mapp Building is being studied for various programs. Our community partnerships include Bessie Smith Cultural Center, Unum Scholars Program, and MLK RFP Process with Benwood Foundation and River City Company UTC has over 56,000 Alumni and are looking for ways to engage them. Just a few of the events are Homecoming, I love UTC week, Aluni Chapters, Athletics Hall of Fame, Mocs Maniacs Night and Founders Day. Jayne Holder and her group have great programs. The 2016 Distinguished alumnus is Davan Maharaj (gave our commencement address) and the 2015 Outstanding Service Award was earned by Scott LeRoy. College of Arts & Sciences – National Science Foundation Career Award was earned by Dr. Hope Klug; National Science Foundation Grant awarded to Dr. Jim Wang. Volkswagen funded a computer lab. The near completion of the Joseph F. Decosimo Success Center is notable for the College of Business. It is a beautiful center. John Thornton also helped with the fundraising for the Center. The Economics Department moved from the College of Arts and Science to the College of Business. We can take some advantage of the synergies there. One of our most distinguished economists in the College of Business is the holder of the Probasco Chair - JR Clark. Two new endowed scholarships were established by Dr. Marilyn Willis and Professor Ziad Keilany. The College of Engineering – they have done an outstanding job in having students involved in national competitions. Volkswagen is a consistent partner in the Engineering program. A Project Spotlight award went to Jackson Stone through the Oak Ridge Institute for Science and Education. The College of Health, Education, & Professional Studies – we are trying to expand our Gerontology program. Dr. Gary Wilkerson was inducted into the National Athletic Trainers’ Association Hall of Fame. Dr. Renee Murley is the new Director of the School of Education. Graduate School – Dr. Joanne Romagni has been working on the Research Dialogues program. There are new accelerated graduate programs in Interior Design, Computer Science, Public Administration, & Environmental Science. Honors College – the Guerry Center will be undergoing a remodel. We appreciate the great contributions to the University by the Guerry Family. Library – a number of namings have occurred – George C. Connor Special Collections Reading Room, David and Mary Copeland Conference Room, Isobel Griscom Presentation Room, Vernon & Dolly Kirby Harbaugh Reading Alcove, Dr. Joseph A. Jackson Office, Milred Goodman Knies Reading Alcove, Andrew C. Roth Reading Room, and The Steward Family Lounge. The library has become the intellectual hub of the campus. People are drawn to the building. Library Dean Liedtka is open minded and creative in the happenings of the library. Student Development – 220,000 visits to the ARC. There are 1,800 students in intramural sports (We are looking at the Rowing Program and seeing if it is sustainable). Some of the living learning communities – High Achieving Mocs, Discover & Declare and Film Fanatics. Athletics – The Golf Player Development Complex is completed. There were five SoCon Titles – Men’s Basketball, Women’s Basketball, Football, Volleyball and Wrestling. The Board of Trustees Meeting –June 17, 2016 Page - 2 - average athletic GPA was 3.1. Our Student Call Center is up and running. Our calls are now done locally. There is an average of 16 callers each night, 35 students are employed, and an average of 150 calls a night are done. The Probasco Chair of Free Enterprise is one of our most distinguished Chairs, near and dear to the heart of our dear friend the late Scottie Probasco. The Chair, JR Clark is the Treasurer of the Mont Pelerin Society, there were also six publications in 2015 and they host a series of Burkett Miller Distinguished Lectures. Consent The Consent Agenda consisted of the following items that were distributed in advance of Agenda: the meeting: Minutes-March 23, 2016 Action Items of the Executive Committee Treasurer/Finance Report Real Estate Report The Consent Agenda was approved as presented by a motion from Corrine Allen and a second from Bill Stacy. Chair’s Chair Wolford noted there was a lot going happening on the campus and thanked Remarks: Chancellor Angle for his presentation. He encouraged anyone who hasn’t had a chance to visit the campus to do so. Mr. Wolford recognized the outgoing trustees; Jim Hall, BettyeLynn Smith, Bill Stacy, Sue Anne Wells (absent), Grady William, and Tony Vest. This is an excellent group that has rotated off. He reminded them that after a period of time they could be voted back on. Progress has been made on the renewal of the Affiliation Agreement with Knoxville. An Employee Services Agreement is also being worked on. Bucky Wolford thanked Fred Decosimo for his duties as the Nominating Chair and mentioned to the attending Trustees that the Board is looking for new talented people to serve and to bring names forward to be considered in the future. Mr. Wolford thanked Bryan Rowland for his hard work and he looks forward to working with him next year. The board meeting schedule for 2016-2017 are October 5th, December 7th, March 15th, and May 31st unless for some reason they need to be rescheduled. Endowment John Foy, Endowment Committee Chair gave an update on the endowment. The Committee endowment fund is approximately $118M. We are up about 50 basis points for the year. Report: Pool B (short term investments) is at approximately $10.2M. The market was not extremely generous with us for the year. The SMILE Fund is turning around and the educational experience gained by the students involved in the fund is phenomenal. Nominating Nominating Committee Chair Fred Decosimo presented the 2016-2017 nominations. Committee The officer nominees for 2016-2017 are Bucky Wolford, Chair, Kim White, Vice Chair, Report: John Foy, Treasurer, Corinne Allen, Secretary, Fred Decosimo, Immed. Past Chair. The Officer nominations were voted by a motion and second as presented and approved. The nominees to expire on June 30, 2020 are Alan Derthick, Breege Farrell, Mike Kramer (New), Scott LeRoy, Mitch Patel (New), and JoAnn Yates. A motion and second was tendered to approve the nominees as presented.