PRESIDENT’S COUNCIL MINUTES
May 31, 2006

Present: Anne Kilpatrick for Rick Albenesius, Wallace Bonaparte, Leigh Manzi for Jim Fisher, Joe Good, Ray Greenberg, Sarah King, John Raymond, Sabra Slaughter, and Walker Coleman

Guests: Mark Kindy, Ralph Greene, Patrick Wamsley, Mike Keels, Paul Taylor, John Cormier, and Kyle Connelly

This was the first Council meeting to be held in the new Colcock Hall Boardroom.

ITEM 1 College Of Nursing Advisory Board Update

This item was deferred until a later Council meeting.

ITEM 2 Financial Updates

As of the 10-month period ending 04/30/06, MUSC’s net income was $ 24.5 Million, MUHA $ 23 Million, UMA $ 4.8 Million, and CFC $ 1.8 Million.

ACTION: Council received this as information, but did request that all such presentations henceforth be presented in a consistent Power Point modality.

ITEM 3 Lab Licensing Agreement

Dr. Kindy presented a draft form that would facilitate use of MUSC incubator space and equipment in partnerships with new companies. Each would be an individually negotiated licensing agreement for specified time periods at an agreed market rate.

ACTION: Council approved the form as a working guideline with caution to keep flexible as continual adjustments are made to deal with potential benefits and liabilities to MUSC.

ITEM 4 General Updates

Dr. Raymond discussed PR related to primate research; evolving plans for the Drug Discovery Building (to be full presented soon to Council); and start of the Trustees’ Leadership Academy.

Mr. Bonaparte is awaiting the upcoming OFFCP review; working on student disability issues; and has some concerns about potential additional paperwork requirements relative to Title VI compliance documentation on our many contracts with external entities.

Ms. King and the PR staff are back to full force and moving enthusiastically forward.

Dr. Kilpatrick noted the success of a recent Faculty Senate/Provost sponsored Faculty Tenure Mentoring Workshop, and overviewed some of the issues being addressed by the Senate over the summer.

Ms. Manzi announced that 2005-2006 was the most successful fundraising year in the history of MUSC.

Dr. Greenberg summarized recent S. C. Legislature budget decisions (including $ 7 Million for Dental Building, $ 2.5 Million core operating parity, $ * Million for Cancer Center, and even $ 6 Million is statewide trauma funds); commended MUSC participants in the recent Endowed Chairs Program Site Visit (hope to have decisions by end of June); and is optimistic about the $ 21 Million proposal to Duke Endowment for the Health Sciences South Carolina Initiative (again hope for decision by end of June).