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FGCU trustees ratify MOUs with Financing Corporation and Foundation required for reaccreditation
Summary
At their Feb. 13 virtual meeting, FGCU trustees unanimously ratified two memoranda of understanding with the FGCU Financing Corporation and the FGCU Foundation, Inc., documents the General Counsel said are required by SACSCOC for reaccreditation.
The Florida Gulf Coast University Board of Trustees unanimously ratified two memoranda of understanding on Feb. 13, 2025, agreements the university’s general counsel described as consolidating rights and responsibilities required by the Southern Association of Colleges and Schools Commission on Colleges for reaccreditation.
Interim Vice President and General Counsel Lisa Jones told the board the MOU between the FGCU Board of Trustees and the FGCU Financing Corporation compiles the parties’ respective rights and responsibilities — material that otherwise exists across bylaws and articles of incorporation — into a single formal document required by SACSCOC.
Trustee Luis Rivera moved approval of the MOU with the Financing Corporation; Trustee Leo Montgomery seconded. There was no public comment or board discussion and the board approved the motion by unanimous voice vote.
Jones then presented a second MOU between the FGCU Board of Trustees and the FGCU Foundation, Inc., which she said likewise fulfilled a SACSCOC documentation requirement. Trustee Robbie Roepstorff moved approval; Trustee Peter Sulick seconded. The motion carried unanimously.
Chair Michael Wynn called the approvals and noted the actions were recorded in the meeting’s voice-vote record. The MOUs will be included in the university’s documentation for reaccreditation review with SACSCOC.
