Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

June 22-23, 2004 29177proud to serve with faculty members such as these who represent theexcellence in the classroom and commitment to students of the CU faculty.ESTABLISHMENT OF THE BANCFIRST ENDOWED LECTURESHIP IN FINANCEAND THE BANCFIRST ENDOWED LECTURESHIP IN INVESTMENTBancFirst of Lawton provides a line-of-credit at below market rates to fund CameronUniversity’s annual investment portfolio class. Under the supervision of Dr. T. K. Bhattacharya,Professor of Business, the investment program provides Cameron students the opportunity toinvest real dollars using proven theories and methods of finance and investment. Earnings fromthe investment program are held by the Cameron University Foundation, Inc.In further support of the School of Business and students interested in the disciplinesof business finance and investment, BancFirst made two donations of $6,250 each to theCameron University Foundation, Inc. A match of these funds has been made from 2003-2004investment portfolio class earnings making each total contribution $12,500. Further, each of thecombined gifts has been matched by $12,500 from the McCasland Foundation to create twoendowment funds of $25,000.In recognition of the gifts, President Ross recommends the establishment of theBancFirst Endowed Lectureship in Finance and the BancFirst Endowed Lectureship inInvestment, and requests approval to seek matching funds for each endowment from theOklahoma State Regents for Higher Education.President Ross recommended the Board of Regents approve the establishment of thefollowing lectureships and the application for matching funds from the Oklahoma State Regentsfor Higher Education:I. BancFirst Endowed Lectureship in Finance.II.BancFirst Endowed Lectureship in Investment.Regent Everest moved approval of the recommendation. The following voted yes onthe motion: Regents Everest, Clark, Stuart, Weitzenhoffer and Wade. The Chair declared themotion unanimously approved.ESTABLISHMENT OF THE HERB AND DOROTHY PITTMAN CARTER ENDOWEDLECTURESHIP IN EDUCATIONHerb and Dorothy Carter are long-time Cameron University supporters. Mr. and Mrs.Carter donated $16,000 to establish an endowed lectureship that will promote and recognizeoutstanding faculty in the School of Education.The McCasland Foundation contributed matching funds to create a total gift of$28,500. In recognition of the gifts, President Ross recommends the establishment of the Herband Dorothy Pittman Carter Endowed Lectureship in Education, and requests approval to seekmatching funds from the Oklahoma State Regents for Higher Education.President Ross recommended the Board of Regents approve the establishment of theHerb and Dorothy Pittman Carter Endowed Lectureship in Education and the application formatching funds from the Oklahoma State Regents for Higher Education.