BOTMinutes021602

MINUTES
The Lincoln University Board of Trustees met on Saturday, November 16, 2002, in 406 Langston Hughes Memorial Library.

Chairwoman Adrienne G. Rhone called the meeting to order at 10:15 a.m. Dr. Valerie Tate Green, University Chaplain, gave the opening prayer. Secretary Calvin S. Morris called roll:

Trustees present: Dr. Robert L. Albright, Dr. William E. Bennett, Mr. Warren R. Colbert, Mr. Barry Cooper, Mr. Frank C. Gihan, Richard H. Glanton Esq., Dr. Ernest C. Levister, Mr. Gregory C. Miller, Dr. Calvin S. Morris, Mr. J. Vernon Peterson, Mr. Robert F. Powelson, Mrs. Adrienne G. Rhone, Ms. Sharlene V. Roberson, Mr. Dwight S. Taylor, Hon. W. Curtis Thomas, Mr. Craig L. Tucker, Mr. David E. Warr; Ex-officio Trustees: Mr. Frank Meehan for Secretary of Education Charles B. Zogby, Dr. Ivory V. Nelson; Student Trustee Mr. Michael Gary. Quorum of 12 satisfied. Faculty Representative Dr. Lennell R. Dade; Emeritus Trustees: Mr. Walter D. Chambers, Dr. Frank T. Coleman, Rev. Leroy Patrick, Mr. William A. Robinson, Dr. Kenneth M. Sadler.

Trustees absent: Dr. Leonard L. Bethel, Ms. Carol Ann Campbell, Mr. Tracey J. Hunter Hayes, Dr. David Knox, Mr. Donn G. Scott, Ms. Regina L. Warren, Hon. LeAnna M. Washington, Hon. Hardy Williams, Ms. Phyllis G. Woolley; Ex-officio Trustee Hon. Johnny J. Butler for Governor Mark S. Schweiker; Emeritus Trustees: Dr. James A. Parker, Mr. Theodore Robb; and Honorary Trustee Mr. Julius Rosenwald II.

Secretary Morris offered the September 21, 2002, Board of Trustees meeting minutes for Board approval. Motion made by Dr. Albright; seconded by Mr. Glanton.

Favor: 17
Oppose:
Abstain: 1
Motion carried.

Secretary Morris offered the October 8, 2002, Special Board of Trustees meeting minutes for Board approval. Motion made by Mr. Gihan; seconded by Mr. Taylor.

Favor: 17
Oppose:
Abstain:
Motion carried.

CHAIRWOMAN'S REPORT
Chairwoman Rhone introduced new Trustees Mr. Gregory C. Miller and Mr. Robert F. Powelson. The Chairwoman's Report was accepted as information.

PRESIDENT'S REPORT
The President's Report was accepted as information

TREASURER'S REPORT
The Treasurer's Report was accepted as information.

STANDING COMMITTEE REPORTS STUDENT AFFAIRS COMMITTEE
Ms. Sharlene V. Roberson, Chair, Student Affairs Committee, withdrew ARMING PUBLIC SAFETY OFFICERS draft resolution for Board approval pending additional information.

TRUSTEES, DEGREES, AND NOMINATIONS COMMITTEE
Mr. Frank C. Gihan, Chair, Trustees, Degrees, and Nominations Committee, withdrew APPOINTMENT OF UNIVERSITY TRUSTEE-MS. VALERIE FERGUSON draft resolution for Board approval. Ms. Ferguson declined the appointment for personal reasons.

Mr. Gihan offered the following resolution for Board approval:
HONORARY DEGREE RECIPIENTS 2003 RES123_111602

WHEREAS, Article VI, Section 11, of the Lincoln University By-laws (revised November 20, 1999) sets forth the functions of the Committee on Trustees, Degrees, and Nominations; and

WHEREAS, After Faculty input as required by the University By-laws, the Committee on Trustees, Degrees, and Nominations has made its recommendation for the award of honorary degrees to be awarded at the May 2003 Commencement exercises; now, therefore be it

RESOLVED, That the Board of Trustees hereby approves the recommendations of the Committee on Trustees, Degrees, and Nominations for the award of honorary degrees to be awarded at the May 2003 Commencement exercises, as follows: · United Nations Secretary General Kofi A. Annan · Noted business management and information technology leader John W. Thompson · Former Detroit Mayor and President-elect of American Bar Association Dennis Archer · Two-time Academy Award-winning actor/producer Denzel Washington; and further

RESOLVED, Should any of the four approved candidates be unavailable, then leading information technology engineer and scientist Dr. Mark Dean and pioneer professional sports team owner Mannie Jackson shall be the alternates; and further

RESOLVED, That a reunion class alumnus of Lincoln University from the year "3" and "8" and/or a female Honorary Degree candidate will be identified for Board action at its February 2003 meeting. Motion made by Mr. Gihan; seconded by Dr. Morris.

Favor: 18
Oppose:
Abstain: 1
Motion carried.

AD-HOC COMMITTEE ON INVESTMENTS
Mr. Warren R. Colbert, Chair, Ad-Hoc Committee on Investments, offered the following resolution for Board approval:

REVISION TO LINCOLN UNIVERSITY RES124_111602 ENDOWMENT FUND INVESTMENT GUIDELINES AND POLICIES

WHEREAS, the Board of Trustees Ad-Hoc Investment Committee of Lincoln University has met to review its current Endowment Fund Investment Guidelines and Policies; and

WHEREAS, the Board of Trustees of Lincoln University, in accordance with the provisions of Section 5548(c) of the Pennsylvania Nonprofit Corporation Law of 1988, as amended, (15 P.S. 5548) has determined that it wishes to revise the current investment policy for endowment funds held by the University; now, therefore it is hereby

RESOLVED, That the Board of Trustees hereby reaffirms that Lincoln University elects to be governed by Section 5548 (c) of the Pennsylvania Nonprofit Corporation Law of 1988, as amended, with regard to the endowment funds held by the University; and further

RESOLVED, That in accordance with Section 5548 (c) of the Pennsylvania Nonprofit Corporation Law of 1988, as amended, the Board of Trustees hereby adopts a revised investment policy for seeking a total return of the endowment fund assets held by the University; and further

RESOLVED, That in accordance with Section 5548 (c) of the Pennsylvania Nonprofit Corporation Law of 1988 as amended, the Board of Trustees consistent with the long-term preservation of the real value of the assets, selects an annual percentage total return for the assets of no less than 2% nor more than 7%; and further

RESOLVED, That in accordance with Section 5548(c) of the Pennsylvania Nonprofit Corporation Law of 1988, as amended, the Board of Trustees directs that this Resolution shall be maintained as part of the permanent records of the University, that this Resolution shall constitute an election to be governed by such Subsection, and that this Resolution shall remain in effect until revised by the Board of Trustees. Motion made by Mr. Colbert; seconded by Mr. Taylor.

FAVOR: 18
OPPOSE:
ABSTAIN:
Motion carried.

EXECUTIVE SESSION
Chairwoman Rhone convened an Executive Session. The open Board meeting resumed after thirty minutes.

EVALUATIONS COMMITTEE
Mr. J. Vernon Peterson, Chair, Evaluations Committee, offered the following resolutions for Board approval:

PRESIDENTIAL PERFORMANCE RES125_111602

WHEREAS, The Board of Trustees of Lincoln University and the President agreed on a set of Presidential Priorities for the Academic Year 2001-02; and

WHEREAS, The Evaluations Committee of the Board received feedback from the University community; and

WHEREAS, The President has provided a Self-Evaluation of Presidential Performance; and

WHEREAS, The President has responded to all of the mutually agreed upon goals; and has made significant positive contributions to the efficiency and economy of the University; and

WHEREAS, In cases where not all of the stated goals were achieved due to external forces or where unforeseen circumstances required legitimate deviation from the plan; now, therefore be it

RESOLVED, That the Board of Trustees of Lincoln University recognizes and applauds the President's outstanding performance efforts to meet the tenets of the 2001-02 Presidential Priorities; and, be it further

RESOLVED, That the Lincoln University Board of Trustees approves of the President's performance to date. Motion made by Mr. Peterson; seconded by Rep. Thomas.

Favor: 18
Oppose:
Abstain: 1
Motion carried.

PRESIDENTIAL ASSESSMENT RES126_111602

WHEREAS, The Board of Trustees of Lincoln University and the President agreed on a set of Presidential Priorities for the Academic Year 2001-02; and

WHEREAS, The Evaluations Committee of the Board received feedback from the University community; and

WHEREAS, The President provided a Self-Evaluation of Performance; and

WHEREAS, The Evaluations Committee has reviewed and analyzed data associated with the President's performance; and

WHEREAS, Improvements have been realized in the areas of technology and facilities management; and

WHEREAS, The President has responded to all of the mutually agreed upon goals, and continues to make significant positive contributions to the efficiency and economy of the University; now, therefore be it

RESOLVED, That the Board of Trustees of Lincoln University recognizes and applauds the President's performance for the Academic Year 2001-02; and be it further

RESOLVED, That in recognition of Dr. Nelson's outstanding performance, the Board hereby approves a base salary increase of 7%, effective August 1, 2002. Motion made by Mr. Peterson; seconded by Mr. Gary.

Favor: 18
Oppose:
Abstain: 1
Motion carried.

There being no further business, the meeting adjourned at 12:30 p.m.