FIDUCIARY AGREEMENTFiduciary Agreement • May 1st, 2020
Contract Type FiledMay 1st, 2020BE IT RESOLVED THAT THE COUNCIL OF TRUSTEES OF WEST CHESTER UNIVERSITY OF PENNSYLVANIA HEREBY APPROVES THE FIDUCIARY AGREEMENT BETWEEN WEST CHESTER UNIVERSITY OF PENNSYLVANIA AND THE WEST CHESTER UNIVERSITY FOUNDATION. UNDER THIS AGREEMENT, THE WEST CHESTER UNIVERSITY FOUNDATION WILL MANAGE ALL UNIVERSITY ENDOWMENTS AND SIMILAR ASSETS (WITH THE EXCEPTION OF THE PHILIPS FUND ENDOWMENT, WHICH IS MANAGED BY BB&T BANK AS TRUSTEE OF THE FUND).