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Meeting Information

UNIVERSITY OF VIRGINIA
BOARD OF VISITORS EXECUTIVE SUMMARY
EXTERNAL AFFAIRS COMMITTEE
November 7, 1997
10:15-11:00 a.m., East Oval Room


I. CONSENT AGENDA

UNIVERSITY FOUNDATIONS REPRESENTATIVES - The President will propose the adoption of a resolution to approve Board of Visitors representatives to the governing boards of University-related foundations.

II. ACTION ITEM

CAMPAIGN GIFT CREDITING AND VALUATION POLICY - The Associate Vice President for Development will review basic changes in Campaign Gift Crediting and Valuation based on recommended procedures from two national professional organizations: CASE (Council for Advancement and Support of Education) and NACUBO (National Association of College and University Business Officers). These policy revisions were also recommended in the recent University Development Office audit.

III. REPORTS BY THE VICE PRESIDENT FOR DEVELOPMENT

VICE PRESIDENT'S REMARKS -- The Vice President for Development will review with the Board of Visitors a range of fund-raising initiatives and report on overall fund raising and program progress

A.1. FY-97 FUND RAISING PERFORMANCE/FY-98 GOALS - The bottom line in fund raising performance continues to be annual philanthropic cash flow. For the fifth consecutive year, cash flow increased and exceeded the FY-97 goal to raise at least $100 million. The $109.3 million raised in FY-97 represents a 5% increase and an all-time high for giving to the University of Virginia.

A.2. UVA FUND RAISING BENCHMARKING STUDY -- The Vice President will review with the Board of Visitors a benchmarking study that compares UVA fundraising performance with most recent available figures (FY-96) with that of all other public universities. This includes total giving and giving from alumni, parents, friends, corporations and foundations.

A.3. UNIVERSITY DEVELOPMENT REORGANIZATION (.REGIONAL PROGRAMS INITIATIVES - The Vice President will report on organizational changes affecting regional development, planned giving and special projects.

B. PHILANTHROPIC CASH FLOW -- The cash flow figures for August 1997 were $28,546,737, an increase of 257.92% over the same fiscal year to date in 1996. The Vice President will assess cash flow progress, citing any trends in annual capital and planned gift support.

C.1-2. CAMPAIGN PROGRESS - FY-98 STATUS -- The Vice President will report on the progress of the Capital Campaign with figures through September 31, 1997. He will assess cash flow progress, citing any trends in annual capital and planned gift support.

C.3. ATHLETIC CAMPAIGN - The gift of Carl Smith to Athletics has resulted in a major fundraising initiative involving both the Athletic Department and University Development. This initiative involves the enlistment of volunteer leadership, identification, qualification, cultivation and solicitation of leadership gift prospects and the establishment of plans for the marketing of premium seating in the renovated Scott Stadium. This report will focus on the initial fundraising efforts of this refocused athletic capital campaign and some of the planning strategy being used to launch this ambitious project.
 

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