As the CSULB 49er Foundation marks its six-year anniversary, I wanted to take a moment to reflect on some of our key accomplishments. The successful launch of any new non-profit organization requires persistence and teamwork, and I am grateful to all of those—our dedicated board members, especially—who have worked so diligently to ensure a smooth transition and start up. Thanks to you, we were able to hit the ground running and achieve some ambitious goals, including:
- Selection of a new investment-consulting firm, Graystone Partners (a unit of Morgan Stanley), through a rigorous review process conducted by the Finance & Investment Committee. The new investment policy, which took full effect in March 2016, follows a more modern investment philosophy and offers alternative investment options.
- Transition of the Campaign Committee into the Development Committee, which is charged with expanding the university’s base of philanthropic support, primarily through outreach to alumni, community leaders, and prospective doors. The committee continues to expand its membership in an effort to broaden its reach and effectiveness.
- In concert with CSULB’s adoption of Beach Scholarships, a comprehensive new scholarship-management system, creation of a more efficient and effective way of managing scholarship funds. As a result, actual funding distributed to scholarship recipients has risen dramatically over the past three years, increasing from $2,482,457 in FY13-14 to $5,385,461 in FY16-17.
- Increase in overall endowment value, from $57,000,071 in FY13-14 to $66,613,450 in FY16-17.
The 49er Foundation is proud to be the university’s partner in providing CSULB students with access to high-caliber educational opportunities and experiences. As you can see, we have a great deal of momentum as we head toward a brand-new year—and I have no doubt that the best is yet to come. Thanks, once again, for being part of this exciting journey.
Andrea Taylor ’83
Chief Executive Officer