Endowment Spending Policy
RESOLUTION OF THE BOARD OF TRUSTEES OF LOYOLA UNIVERSITY CHICAGO
W☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名AS, ☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名 (the “University”) is an Illinois not for profit corporation that operates certain “endowment funds” as defined in the Illinois Uniform Prudent Management of Institutional Funds Act;
W☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名AS, the Board of Trustees of the University has approved an endowment spending policy pursuant to an Investment and spending Policy which was adopted on March 3, 2006 (the “2006 Investment and Spending Policy”); and
W☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名AS, the Board of Trustees desires to repeal, rescind, and revoke the 2006 Investment and Spending Policy in its entirety and adopt a new endowment spending policy.
NOW T☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名FORE, BE IT AND IT IS ☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名BY RESOLVED by the Board of Trustees of the University that, in the absence of a donor agreement to the contrary, annual spending from any endowment fund shall not exceed 5% of such endowment fund’s net asset value as of the applicable measurement date (including the applicable fiscal year) that is selected from time to time. There is hereby delegated to each of the President, the Senior Vice President for Finance and CFO (or such other officer or employee who shall have the responsibility of chief financial officer of the University) and the Treasurer of the University the authority to determine, from
time to time, the allowable annual spending amount, and the factors used to determine this amount (including the applicable measurement date), for any fiscal year, all within the parameters herein set forth.
BE IT FURTHER RESOLVED, that the 2006 Investment and Spending Policy is hereby repealed, rescinded and revoked in its entirety, and all previous resolutions of the Board of Trustees, or any parts thereof, that are inconsistent with this resolution are also hereby repealed, rescinded and revoked to the extent of such inconsistency.
Adopted June 7, 2013.
RESOLUTION OF THE BOARD OF TRUSTEES OF LOYOLA UNIVERSITY CHICAGO
W☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名AS, ☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名 (the “University”) is an Illinois not for profit corporation that operates certain “endowment funds” as defined in the Illinois Uniform Prudent Management of Institutional Funds Act;
W☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名AS, the Board of Trustees of the University has approved an endowment spending policy pursuant to an Investment and spending Policy which was adopted on March 3, 2006 (the “2006 Investment and Spending Policy”); and
W☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名AS, the Board of Trustees desires to repeal, rescind, and revoke the 2006 Investment and Spending Policy in its entirety and adopt a new endowment spending policy.
NOW T☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名FORE, BE IT AND IT IS ☑️TK账号 | 日本IP注册 | 满月白号 | 微软邮箱验证+api | 优质账号 | 已设置用户名BY RESOLVED by the Board of Trustees of the University that, in the absence of a donor agreement to the contrary, annual spending from any endowment fund shall not exceed 5% of such endowment fund’s net asset value as of the applicable measurement date (including the applicable fiscal year) that is selected from time to time. There is hereby delegated to each of the President, the Senior Vice President for Finance and CFO (or such other officer or employee who shall have the responsibility of chief financial officer of the University) and the Treasurer of the University the authority to determine, from
time to time, the allowable annual spending amount, and the factors used to determine this amount (including the applicable measurement date), for any fiscal year, all within the parameters herein set forth.
BE IT FURTHER RESOLVED, that the 2006 Investment and Spending Policy is hereby repealed, rescinded and revoked in its entirety, and all previous resolutions of the Board of Trustees, or any parts thereof, that are inconsistent with this resolution are also hereby repealed, rescinded and revoked to the extent of such inconsistency.
Adopted June 7, 2013.