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Amended by the Board of Trustees May 22, 2021

Article III



3.3.1 The President of the University shall be both the leader of the educational policy and the chief executive officer of the University; the President shall exercise such leadership and supervision of its administrative officers, teachers, students, agents and employees as will promote the efficiency of each department and of the University as a whole, and the President shall exercise a general superintendence over all of its concerns.

3.3.2 The President shall act as the ordinary medium of communication between the Trustees and the faculties, student body and alumni organizations.

3.3.3 The President shall make an annual report to the Trustees on the general condition of the University.

3.3.4 The President shall be responsible for the management of current operating revenues and expenditures in connection with the educational, purchasing and plant activities of the Corporation, have charge of collection of income, insurance and taxes relating to institutional real estate and be responsible for the preparation of the annual budget and the establishment of an adequate system of budget control.

3.3.5 The President shall preside on public academic occasions; the President shall be President of the several Faculties.

3.3.6 Subject to such regulations, specific or general, as may be adopted from time to time by the Executive Committee, the President shall accept and give receipts for all gifts, devises and bequests to the Corporation, provided, however, that where a gift, devise or bequest is subject to a condition, the President may not bind the Corporation with respect to such condition without the approval of the Board of Trustees or the Executive Committee, unless such condition is (a) that principal shall be retained and only income or capital increment be expended, or (b) that such gift, devise or bequest be held by the University as trustee of a charitable remainder unitrust or annuity trust as defined in the Internal Revenue Code now in force or hereafter amended. Subject to such regulations as aforesaid, the President shall be responsible for all matters of probate and other legal matters in connection with gifts, devises, bequests, trust and annuity contracts and shall have the power to assent to accounts and other matters of probate in which the Corporation has an interest and to take any other action deemed by such President to be necessary to protect the interests of the Corporation in connection therewith.

3.3.7 Subject to the direction of the Executive Committee, the President may delegate any or all of the President’s duties and powers to other officers or agents of the Corporation. The President shall perform such other duties and exercise such other powers as may be designated by the Trustees or the Executive Committee, and the President must live on the University premises unless excused by the Board of Trustees.