1. Lexi provides investment advice to the board of trustees of a private university endowment fund that is seeking donations from the school's alumni. The trustees have provided Lexi with the funds financial information, including planned expenditures. Lexi receives a phone call on Friday afternoon from a prominent alumnus, requesting that Lexi email him comprehensive financial information about the fund. According to the caller, he is a potential contributor but needs the information that day to close the deal and cannot contact any of the trustees. Based on the CFA Institute Standards, Lexi should:

   		Send him the information because disclosure would benefit the client.
   		Not send him the information to preserve confidentiality.
   		Send him the information, provided Lexi promptly notifies the trustees.