The floor will open for public comment.
Presentation of the minutes of the Finance & Investment Committee. Approval will be by consent.
RESOLVED, that the Finance & Investment Committee of the California State University Foundation approves the minutes of the December 13, 2024 meeting by consent.
Presentation of the year-to-date financial statements for the California State University Foundation for the previous quarter. The statements included in the presentation are:
1. General Fund – Statement of Activity: Actual vs. Budget
2. Statement of Activity and Changes in Net Assets
3. Statement of Financial Position
4. Investment Report
5. Charitable Gift Annuity Program (BNY Mellon) – Statement of Changes in Net Assets
6. Private Equity Fund (Northern Trust) – Statement of Changes in Net Assets
7. Long Term Investment Portfolio (Morgan Stanley Smith Barney) – Statement of Changes in Net Assets
8. Detailed Fund Balance
RESOLVED, that the Finance & Investment Committee of the California State University Foundation approves the financial statements for the quarter ending December 31, 2024, as submitted.
Presentation of investment update on the assets held in the by BNY Mellon for the benefit of the Charitable Gift Annuity Program.
RESOLVED, that the Finance & Investment Committee of the California State University Foundation approves the Charitable Gift Annuity Program Investment Report for the quarter ending December 31, 2024, as submitted.
Todd Au and Tony Parmisano will provide a market update and review the investment portfolio results.
RESOLVED, that the Finance & Investment Committee of the California State University Foundation approves the long-term investment report for the quarter ending December 31, 2024, as submitted.