iOS<49 

MINUTES OF THE SPECIAL MEETING 
OF THE 
MICHIGAN STATE  UNIVERSITY 
BOARD OF TRUSTEES 

June 25,  1991 

The special meeting of the Board of Trustees was called to order by President John 
DiBiaggio  at 10:30 a.m. in the  Governor's  Room,  Renaissance  Center,  Detroit, 
Michigan. 

Trustees present were:  Dolores M. Cook, Dean Pridgeon, Melanie Reinhold, Thomas H. 
Reed, Barbara J. Sawyer, John D. Shingleton, and Robert E. Weiss. 

Trustee absent:  Joel  Ferguson 

University officers present  included:  President  John DiBiaggio, Secretary Marylee 
Davis,  Vice Presidents Richard Meyer and Gordon Guyer-

IV 

On a motion by Ms. Cook, supported by Ms. Sawyer, THE BOARD VOTED to approve  Upprovai of 
the proposed  agenda to accept a gift of $20 million from MrV Eli Broad. 

jacceptance  of gift 
•! from Mr. El i Broad 

President DiBiaggio discussed the proposed gift, noting that Mr. Eli Broad is 
one of the most distinguished and accomplished graduates of the University and 
that  this  example of private  support  would  enhance  the quality of Michigan 
State University.  He further elaborated on the $160 million goal of the five-
year  Capital  Campaign, saying  that with this  gift the campaign would be able 
to exceed its goal within  three years.  Dr. DiBiaggio  said that  shortly the 
University  would  be announcing  an increase  in the goal  and that  goal was 
expected to be realized within five years. 

Dr.  DiBiaggio  then  turned  the meeting  over  to Chairperson  Thomas  Reed who j 
suggested that the Chairperson of the Board's University Relations  Committee, j 
Trustee  Dolores  Cook,  present  the Resolution  for the Eli and Edythe  Broad j 
"j 
Charitable  Gift. 

On a motion by Ms. Cook, supported by Mr. Reed, THE BOARD VOTED to accept the ^Resolution to 
IrenameCollegeof 
f o l l o w i ng  r e s o l u t i o n. 
[Business  "The  Eli 
J Broad  College  of 

° 

WHEREAS, Eli and Edythe Broad  have offered to make a gift to Michigan  State  [Business" and "The 
University  which would  result in the eventual  receipt by the University  of  ischooVof Management1 
approximately  $20 million,  to be used  to achieve  excellence  in  graduate 
business  studies; and 

WHEREAS, the President recommends that the Board of Trustees rename the College 
of Business  1tThe Eli Broad College of Business1' and rename the Graduate School ]' 
of Business  Administration  "The Eli Broad  Graduate  School of Management" in i 
j 
perpetuity; and 

WHEREAS,  The University  Advisory  Committee  on the Naming  of Buildings  and j 
Facilities  supports the recommendation of the President; and 

WHEREAS,  the Board  of  Trustees  of  Michigan  State  University  wishes  to j 
memorialize the gratitude of the University community for the generosity of the j 
Broads and finds it appropriate to name the University's  College of Business j 
and Graduate School of Business Administration after Mr. Broad, in perpetuity, j 
as determined  after  consultation with the Broads to be in accord with  their j 
preference; 

I 

NOW THEREFORE, BE IT RESOLVED, that the Michigan State University  College of j 
Business  and Graduate  School  of Business  Administration  be and hereby are 
renamed,  respectively, The Eli Broad  College of Business  and The Eli Broad j 
j-
Graduate School of Management; 

; 

RESOLVED, that Michigan State University, through the actions of the Board of 
Trustees, enter into the Charitable Gift Agreement with the Broads with respect 
to their gift, committing the University to continue the use of the names "The 
Eli  Broad  College  of  Business"  and  "The Eli Broad  Graduate  School  of 
Management" in perpetuity and agreeing to other terms and conditions set forth 
in the form of the Charitable  Gift Agreement; 

RESOLVED, that the President of the University and the Secretary of the Board 
of Trustees be and hereby are authorized to sign the Charitable Gift Agreement; 

RESOLVED,  that the officers  be and hereby  are authorized  to implement and 
comply with the terms of the agreement and to do any and all things necessary 
and appropriate to effectuate the purposes and intent of this Resolution. 

1G35G 

On a motion  by Mr. Reed, supported by Ms, Sawyer, THE BOARD VOTED to adjourn 
the meeting at 10:43 a.m. 

June  2 5,  1991 

Johrr U££iaggio 
President 

Marylee^^awL^ PhTD 
Secretary 

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