WNC Foundation Finance Committee Meeting Minutes
The committee reviewed the second quarter and year-to-date financial statements, highlighting significant year-to-date net income growth and investment performance. The investment advisors presented a report and recommended reallocating funds from the precious metals portfolio into international and emerging markets to mitigate concentration risk. The committee also approved the reallocation of several inactive or low-activity gift and scholarship accounts. Furthermore, the committee evaluated options for new endowment management software to improve efficiency and reduce risk. Construction and facility project updates were provided regarding the Reynolds Building, Fallon Pinion Building, Douglas Campus Nursing Expansion, and the Beck Library remodel. Finally, members received informational updates concerning upcoming Board of Regents meetings and Foundation fundraising events.