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roode eunr saajsni Jo pseog 9Y} 0} UOIJEJUBSA1dq JUOWSOUPAPY |CUOI}N}}SU| JUSPISBJg BdI/\ 9\jnuosog ydesor Aq pejuasaid ~SUIpUuny ajvAldd Ul YJMOLD pauivjsngy sulpjing~ 900Z-1700Z SABDA [EIS1 UBIld DIBHDICNS JUDWIBDDIUBAPY (CUCHMINSU) JHL AO dvOsAae V Minutes/Board of Trustees Development Committee Meeting 6/14/2004 Page 2 Institutional Advancement Strategic Plan Mr. Boschulte presented an updated Institutional Advancement Strategic Plan for 2004- 2006 based on input from Committee members. The main elements are: e Vision—to be recognized as a catalyst for maximizing private sector resources for UVI to allow UVI to contribute to the betterment of individuals and the socio- economic status of the Territory. e Thrusts: strengthen operational effectiveness of institutional advancement, develop an internal and external advancement culture that supports the strategic direction of the University; and increase level of external funds raised to support educational and operational initiatives (annual fund, foundation for UVI and Capital Campaign) e Short term goals—focus on annual fund and preparation of 2006 launch of capital campaign ($1M) e Intermediate—focus on cultivation of alumni, major gift donors and prospects for long-term sustainability of the annual fund and support of the capital campaign. e Long term—focus on raising 60% of capital campaign by 2006. The Chair requested that the Capital Campaign Committee begin to grapple with targets for the capital campaign ($10-$12m). It was determined that the President’s wish list needed to be considered and included in the pool if targets are to be realistic. After a lengthy discussion regarding the targets for the annual campaign, the chairman entertained a motion for approval. Dr. Ragster moved that the Institutional Advancement Strategic Plan Annual Fund targets based on a 3:1 ratio in the third year be approved. The motion was seconded by Juanita Woods. The motion was unanimously carried. The Strategic Plan document will be forwarded to the full Board. Adjournment On a Motion to Adjourn by Dr. Heath and seconded by Dr. Ragster, the Development Committee meeting adjourned at 3:40 p.m. Submitted by Joseph Boschulte Development Committee Liaison