Caption: Board of Trustees Minutes - 1976
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366 BOARD O F T R U S T E E S [ J u l y 16 New Contracts With Whom Purpox Bradley University (subcontract Determine the dynamics of c a d m i u m , manganese, a n d u n d e r State of Illinois contract lead in experimental power plant ponds 5-055-ILL) Amount to b* Paid by tht Umoenity $ 7 800 The Natural Land Institute (subcontract under State o Illinois Department of Conservation) Sierra Nevada Corporation Total Prepare an inventory of Illinois natural areas 18 107 Numerical cloud modeling J 20 070 45 977 Change Orders With Whom National Aeronautics and Space Administration NSG-1063 United States Air Force AFOSR-73-2570 United States Defense Supply Service DAHC15-73-C-0077 United States D e p a r t m e n t of Agriculture 12-14-100-5665(81) United States D e p a r t m e n t of Health, Education a n d Welfare HSM21-72-540 United States Navy NOO014-67-A-03O5-OO02 Total Purpose Theoretical investigation of nuclear-induced plasma kinetics Control strategies for complex systems used in aerospace avionics Demonstration and evaluation of the P L A T O I V computer-based education system Plant pest control Elementary school health curriculum project Amount tt bt Paid to tht Uniorruiy S 26 000 53 915 260 000 6 000 84 443 R a d i o direction-finding techniques over broad bands of frequencies 14 444 % 444 802 Summary A m o u n t to be paid to t h e University: Chicago Circle Medical Center Urbana-Champaign Total A m o u n t to be paid by the University: Medical Center Urbana-Champaign Total % 504 93 1 861 $2 458 % S 486 004 157 647 93 856 45 977 139 833 T h i s r e p o r t w a s r e c e i v e d for r e c o r d . Policy and Procedure for Investment of Endowment Funds (35) T h e Finance Committee of the Board of Trustees recommends to the Board that the policies of the Board for investment of endowment funds be revised as follows: Investment of Pool Endowment Funds, unless otherwise specified by the donor, will be invested as a pool. For the present, we will endeavor to meet the following investment objectives: 1. Approximately 40 percent will be invested for unrestricted purposes with the objective of maximizing the current income, and with investments in the following: a. Investments approved by the Board from time to time for Current Funds. b. Corporate Bonds rated "AA" or better by Moody's. 2. Approximately 23 percent will be invested for educational activity purposes, with the objectives of assuring a stable return, with sufficient earnings to maintain the endowed programs, while protecting these funds from inflationary losses so as to protect the long-term benefits of the programs. Investments may be made in the following: a. Corporate Bonds rated "AA" or better by Moody's, with not less than 40
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