Regents approve consent agenda, endowment update and multiple finance, bylaws and academic actions

The University of Michigan Board of Regents moved through a set of routine and substantive items during its meeting, approving the consent agenda and several finance and governance actions by unanimous voice vote.

President Ono led a show‑of‑hands vote on conflicts‑of‑interest items 10–30; the president counted eight hands and announced the motion carried (six votes required). The consent agenda (personnel actions, retirement memoirs and honorary degree recommendations) was similarly moved, seconded and approved.

EVP/CFO Chaddis reported that the university’s endowment was valued at $19.2 billion for FY2024 (ranked 9th nationally), with a long‑term portfolio return of 8.9% outperforming a 5.7% benchmark and distributions of $506 million for the year. The board then approved several Finance & Property items, including a lease for University of Michigan Health Sparrow at 1004 East Michigan Avenue in Lansing and a Ypsilanti Health Center Adolescent Partial Hospitalization Program at 300 West Michigan Avenue in Ypsilanti.

The board also unanimously appointed external auditors, approved restructuring the College of Engineering’s Integrative Systems Design (ISD) division into other engineering units, approved amended bylaws for regional hospital boards, accepted housekeeping revisions to Regents’ bylaws, approved a name change for the Sam Zell and Robert H. Lurie Institute, established academic departments and divisions within the College of Innovation and Technology at U‑M Flint, and approved revisions to U‑M Flint’s bylaws.

Votes on these items were recorded as unanimous or by general voice vote during the meeting; specific roll‑call tallies were not recorded in the public transcript for each motion beyond the conflicts‑item count referenced above.