At its 1134th meeting held on 26 August 1999, the Board of Regents approved the reorganization of the Office of the Vice President for Planning and Development and created the Office of the Vice President for Development (OVPD). OVPD’s mandate was likewise revised to reflect the following:

• Develop and implement programs for expanding the financial endowment of the University through donations and grants;
• Identify, initiate, and implement income-generating activities for the University;
• Coordinate with autonomous universities in pursuit of opportunities for resource generation; and
• Perform all other functions or projects as may be assigned by the President.