Wright State Board of Trustees committee day on Thursday Feb 20 | Photo by Sarah Cavender | The Wright State Guardian
During a Wright State Board of Trustees committee day on Thursday, Feb. 20, was voted to sell Wright State University’s private equity investments to Wright State Foundation. Updates were also given for departments and job openings.
Wright State Board of Trustees decides to sell investments
The proposal was introduced by Trustee Martin Grunder after the investment report.
Trustee Andrew Platt started the motion to sell this investment and Trustee Douglas Fecher seconded the motion.
“The meeting was very good and the offer that I think verbally tentatively agreed to was that the Foundation is willing to consider purchasing these two private equity investments,” said Steve Sherbet. “Private equity investments add market value so no discount and as long as the university would agree to pick up a settlement cost and we’re estimating the settlement cost, transfer cost, to be somewhere in the 50 to 70,000 dollar range.”
The Board of Trustees will discuss options of how to use the money gained from the sale at a future meeting.
The next finance, audit, and infrastructure committee meeting is March 27. The next Board of Trustees committee day is April 30.
Student Affairs Receives Updates On Open VPSA Position
The search committees for a Dean of BSOM and Chair Director of Nursing have been seated.
A visit is being made to Lake Campus to seat a committee for a Dean of Lake Campus.
The hiring of a Vice Provost of Research and Innovation was unsuccessful in the fall and the search will be renewed. The role of Chief Diversity Officer will begin in the fall.
A program review will be presented in the April Board of Trustees meeting. The review will see how programs are performing and will see if new expansions to programs are necessary. There will also be a retention summit after spring break to assess the university’s retention and funding for retention.
Student Affairs Updates
The Because I Said I Would initiative was extended to the Board of Trustees. The SOAR program is set to change and there will be an incentive program for students attending.
Bob Rando gave an update on Counseling and Wellness and the Got a Minute program. There was discussion between Rando and the Board about an emergency fund for students who need help.
Bob Grant gave an update on Wright State athletics and who the sports teams are doing this year.
