Committee on Financial Affairs

H. Thomas Watkins III, Chair
James A. Hixon, Vice Chair
S. Douglas Bunch
Lynn M. Dillon
Thomas R. Frantz
Anne Leigh Kerr
Christopher M. Little
Brian P. Woolfolk
Catherine A. Forestell, faculty representative
Samuel E. Jones, Senior Vice President

(Investments Subcommittee – Lynn M. Dillon, Tom Watkins)

The Committee on Financial Affairs considers and makes recommendations concerning the financial affairs of William & Mary and the Virginia Institute of Marine Science, which includes the submission and approval of any and all budgets and the administration of the financial policies and procedures established by the Board. The Committee has power and authority, subject to the guidelines set by the Board, to invest and reinvest all funds held by the Board as an endowment or in trust for the uses and purposes of William & Mary, the Virginia Institute of Marine Science, and Richard Bland, with the assistance of the Presidents; and the Committee directs and controls the handling of investments by an investment counsel or depository agent at any time employed by the Board. The Rector may appoint a full-time faculty member, as detailed in Section V.B.5., to the position of non-voting faculty committee representative. The Senior Vice President for Finance and Administration staffs the Committee.