2014 – MSI leaders are often concerned with financial exigency, and the policies, practices, and processes that can enable it. This brief provides considerations and strategies for Boards of Trustees as they approach the difficult task of providing financial guidance, management, and oversight to their respective Minority-Serving Institutions (MSIs). The goal is to equip Trustees with the necessary tools to probe deeper into the financial health of their institution, which is especially necessary, post the Great Recession of 2008-2009.