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California State University, Los Angeles Foundation

BOARD OF TRUSTEES

Investment and Finance Committee

Thursday, June 27, 2019 9:30 a.m.-11:00 a.m.

California State University, Los Angeles

Raquel Soriano Board Room, Golden Eagle 3rd Floor

AGENDA

Call to Order – Alev Lewis, Chair 1. Investment Report – The Stone-Beck Group

a. Economic Overview b. Endowment Portfolio Review c. Update on Phase 1 of Alternatives Implementation

i. Hedge Funds and Credit Long/Short d. Timeline for Phase 2 of Alternatives Implementation

i. Private Equity and Private Credit e. 2018 NACUBO Report Update

2. Operating Budget for Fiscal Year 2019-2020 Action Item: Committee recommend board approval of the Operating Budget for Fiscal

Year 2019-2020 Next Committee Meeting: Off-Cycle Meeting via Conference Call – TBD Next Foundation Board of Trustees Meeting: Thursday, September 26, 2019 at 9:30 a.m. – Raquel Soriano Board Room


BOARD OF TRUSTEES

Thursday, June 27, 2019 11:15 a.m.

California State University, Los Angeles

Raquel Soriano Board Room, Golden Eagle 3rd Floor

AGENDA Omel Nieves, Presiding

11:15 a.m. Call to Order – Omel Nieves, President

Welcome & Introductions – Omel Nieves

1. President’s Report – Omel Nieves 1a. Approval of draft April 25, 2019 meeting minutes Action Item: Approve April 25, 2019 meeting minutes

2. Committee Reports

2a. Audit Committee – Dwight Nakata (1) GAAP Audit Update 2b. Development and Gift Acceptance Committee – Rosario Marin

(1) Fundraising Report Ending May 31, 2019

2c. Governance Committee – Barry Rondinella (1) Acknowledge A.S.I., Inc President or Designee to serve effective July 1, 2019 through

June 30, 2022 (2) Committee Appointments effective July 1, 2019 through June 30, 2020 Action Item: Approve committee appointments for FY 2019-2020 (3) Committee Chair Appointments effective July 1, 2019 through June 30, 2020 Action Item: Approve committee chair appointments for FY 2019-2020 (4) Election of Officers effective July 1, 2019 through June 30, 2020 Action Item: Approve slate of officer nominees for FY 2019-2020

Foundation Board of Trustees Meeting Agenda - DRAFT June 27, 2019 – Page 2

2d. Investment and Finance Committee – Alev Lewis (1) Portfolio Update (2) Alternative Investments (3) Operating Budget for Fiscal Year 2019-2020 from July 1, 2019 to June 30, 2020 Action Item: Approve Operating Budget for Fiscal Year 2019-2020, as presented

3. Treasurer’s Report – Joyce Williams

3a. Unaudited Financial Statements Ending, May 31, 2019 4. Executive Director’s Report – Janet Dial

4a. We Are LA Campaign Update 4b. Annual Documents

(1) Conflict of Interest Policy (2) Volunteer Appointment Form (3) Confidentiality Statement (4) Donor Bill of Rights and Code of Ethical Standards

5. Next Meeting

September 26, 2019 11:15 a.m., Cal State LA – Golden Eagle Raquel Soriano Board Room

6. Adjournment

Action Item: Approval to Adjourn

Lunch and Exclusive Entrance into the Weisman “Pop Culture” Exhibit at the Ronald H. Silverman Fine Arts Gallery (optional)

Upcoming/Save the Date Events Thru 8/2/19: Pop Culture: Selections from the Frederick R. Weisman Art Foundation Exhibit (Ronald H.

Silverman Fine Arts Gallery) 8/19/19: University Convocation (9a, Luckman Theatre) 8/22/19: Cal State LA Dodger Night (7:10p vs. Toronto Blue Jays, Dodger Stadium) 9/7/19: Planned Giving Seminar (9a-1p) 9/13/19: 50th Reunion and Half Century Club Induction Luncheon (11a) 9/25/19: Nursing Alumni Network Reception (6p-8p) 10/3/19: Bay Area Alumni Reception (San Francisco) 11/22/19: Charter College of Education’s Distinguished Educator’s Awards Dinner


Page 1 of 4

BOARD OF TRUSTEES Meeting Minutes (DRAFT)

Thursday, April 25, 2019

11:15 a.m.

California State University, Los Angeles Raquel Soriano Board Room

Present: Larry Adamson, Nelson Algaze, William Covino, Janet Dial, Christopher Koo, Rosario Marin,

Dwight Nakata, Omel Nieves, Robert Nissen, Barry Rondinella, Nilza Serrano, Joyce Williams Absent: Danielle Ares-Duran, Lorraine Bradley, Lisa Chavez, Chris Garlington, Sergio Gonzalez, Lina

Hu, Alev Lewis, Veena Prabhu, Leila Ricci, Robert Velasquez Staff: Robert Avalos, Associate Vice President for Principal and Planned Gifts

Susana Moreno, Fiscal Analyst, University Advancement Mario Perez, Associate Vice President for University Advancement Jane Rhee, Administrative Assistant, University Advancement Guest: Mary Canoy Omel Nieves called the meeting to order at 11:30 a.m. Open Session Mr. Nieves began meeting with open session and welcomed Mary Canoy. President’s Report – Omel Nieves, President Approval of Minutes The draft minutes of the January 24, 2019, Board of Trustees meeting was presented for review and approval. Motion to approve the draft minutes of January 24, 2019, Board of Trustees meeting was made by Nilza Serrano and seconded by Barry Rondinella. With no further comments, the Trustees conducted a verbal vote and the motion passed with one abstention. Resolution: Granting Authority to Open and Close Bank Accounts Cal State LA has used two banking systems and the initiative is to identify one financial institution for all financial and banking needs for the university and auxiliaries. Wells Fargo has requested a resolution from the Foundation Board of Trustees to open an account with them to proceed. Motion to approve resolution to authorize the closing of current bank account with Union Bank and to authorize the opening of new bank account with Wells Fargo was made by Omel Nieves and seconded by Sergio Gonzalez. With no further comments, the Trustees conducted a verbal vote and the motion passed.


Cal State LA Foundation Board of Trustees Meeting Minutes: April 25, 2019 DRAFT – Page 2 of 4

University President’s Report – President William A. Covino President Covino reported the university is managing a measles incident in conjunction with the Department of Public Health. The Student Health Center continues to work with Public Health and response has been immediate, thorough and effective. Commencement is nearing with 15 ceremonies. The annual two-day Grad Fair event was crowded with thousands of students picking up their grad packs, tickets and other commencement items. President Covino discussed the governor’s budget and the impact on the shortage of enrollment growth funding at Cal State LA. Currently, Cal State LA has the largest over-enrollment in the CSU system with 5,400 students not funded by the state. The CSU continues to advocate, and Cal State LA will continue to work with community college partners to create pipeline programs and alternative paths to Cal State LA. President Covino shared that the CSU statewide denied 28,000 eligible students last fall enrollment period due to shortage of resources. The Pat Brown Institute will be honoring Kathleen Brown, one of the honorees, at the annual awards dinner this evening and Mayor Garcetti will be attending the dinner to introduce Ms. Brown. The Civic University, one of the mayor’s initiatives from his days at L.A. City Council, has been very successful, and Cal State LA will be pursuing funding to continue this program at the Pat Brown Institute. Cal State LA underwent re-accreditation in March with the Accrediting Commission for Schools Western Association of Schools and Colleges (WASC) and President Covino will share the reports as soon as they are released. Committee Reports Audit Committee – Dwight Nakata Audit Firm Recommendation – Mr. Nakata reported that the committee met with the finalist firms with the other auxiliary boards on campus and they unanimously agreed to proceed with CohnReznick. Motion to approve the committee’s recommendation to contract with CohnReznick for auditing services for a five-year term, commencing fiscal year 2018-19 was made by Barry Rondinella and seconded by Larry Adamson. With no further comments, the Trustees conducted a verbal vote and the motion passed. 2017 Exempt Organization Returns (Form 990, CA Form 199, CA Form RRF-1) – The committee met with MGO and reviewed the 990’s and the committee recommends approval of the tax returns for fiscal year July 1, 2017 to June 30, 2018. Motion to approve the Foundation’s 2017 Exempt Organization Returns from July 1, 2017 ending June 30, 2018 was made by Nilza Serrano and seconded by Rosario Marin. With no further comments, the Trustees conducted a verbal vote and the motion passed.



Development and Gift Acceptance Committee – Rosario Marin Rosario Marin reported that the private giving receivables between July 1, 2018 through March 31, 2019 was $4.9M, with gift commitments total more than $10M, exceeding Advancement’s fiscal year goal of $10M. Total number of individual donors was 3,157, of which 2,635 were alumni donors. Ms. Marin shared that the campaign total is $58.3M toward the $75M goal, and reported a total of 11,998 donors since the start of the campaign, July 1, 2014. The faculty and staff campaign has been launched. There is now a component during new faculty and staff orientations where University Advancement will welcome them with a campaign pin and a payroll deduction form as part of their introduction to the university. Student philanthropy is strong with more than 1,100 graduating students making a gift through the purchase of their grad packs to date. Some recent major gifts include the L.K. Whittier Foundation challenge grant of $750,000 to the Rongxiang Xu College of Health and Human Services to raise support for their Virtual Reality Simulation Laboratory; an endowment of $100,000 to the College of Business and Economics’ Professional Fundamental program; a pledge of $52,500 from the California Scottish Rite Foundation; grant award of $325,000 from the Keck Foundation to fund the Innovation and Design Center; $75,000 from the James Irvine Foundation to the Pat Brown Institute to fund their polling of African American voters in Los Angeles; an additional $500,000 provision from an anonymous donor toward an already named endowed fund from her estate; and, an alumnus and emeritus faculty member and his alumna wife have informed us of a provision in their estate to leave $1,000,000 toward scholarships. Governance Committee – Barry Rondinella No report at this time. Investment and Finance Committee – Alev Lewis Investment Policy Statement – On behalf of the committee, Nilza Serrano reported that the finalized Investment Policy Statement will be forwarded to the full board for final review and approval via electronic vote. The new statement will align the foundation asset allocations with other institutions with comparable endowments. Portfolio Update – On behalf of the committee, Christopher Koo reported that the portfolio value ending March 31, 2019 was $41.1M, an increase from December 31, 2018. Treasurer’s Report – Joyce Williams Unaudited Financial Statements, ending March 31, 2018 – Beginning with the Summary Sheet, Ms. Williams reported total inflows of $4.3M and total outflows of $7.8M. Total ending balance was $57.5M. Reviewing the Statements of Financial Position (balance sheet), total liabilities and net assets of $58M are mostly endowments and pledge receivables, of which the details are included. The Statements of Activities (income statement) outlines the details of the Summary Sheet. There was a discussion to include a budget line item for “Community Engagement” expenses when creating budgets moving forward. There was also a discussion of how social media has been used as a giving platform and how we can utilize social media for future giving opportunities.



Executive Director’s Report – Janet Dial We Are LA Campaign and University-wide Updates – Dr. Dial reported there are two development director openings, one for the College of Business and Economics, and the other for the Rongxiang Xu College of Health and Human Services. There is a third vacancy for a newly created position, the Associate Director of Corporate and Foundation Relations. Moving forward, University Advancement event registration costs will include a giving component. The upcoming alumni event in Los Angeles City Hall, previously at no cost, will now have a registration fee, of which a small portion will be donated towards the campaign. Another event that will include a donation will be for Cal State LA Dodger Night tickets on August 22nd. She also shared two upcoming signature campaign events, both being hosted by alums both in fall 2019; one in the Orange County area for Orange County alums and friends, and one in downtown San Francisco to attract Bay Area alums. Next Meeting The next meeting of the Foundation is scheduled for September 26, 2019. Motion to Adjourn With no further business, motion to adjourn was made by Rosario Marin and seconded by Omel Nieves. With no further comments, the Trustees conducted a verbal vote and the motion passed.


July 2019

Committee Roster Proposed July 1, 2019 through June 30, 2020

Audit Committee Dwight Nakata, Chair Lorraine Bradley Chris Garlington Omel Nieves Robert Velasquez Development and Gift Acceptance Committee Rosario Marin, Chair Larry Adamson Nelson Algaze Danielle Ares-Duran Janet Dial Sergio Gonzalez Omel Nieves Veena Prabhu Nilza Serrano Governance Committee Barry Rondinella, Chair Janet Dial Veena Prabhu Nilza Serrano Investment and Finance Committee Alev Lewis, Chair Lisa Chavez Janet Dial Lina Hu Rosario Marin Omel Nieves Veena Prabhu Nilza Serrano Joyce Williams


June 27, 2019 Board of Trustees Meeting

Slate of Nominees for FY 2019-2020

Ex-Officio: ASI, Inc. President/Designee Term: July 1, 2019 through June 30, 2020 Committee Chair Elections (July 1, 2019 through June 30, 2020) Audit: Dwight Nakata Development and Gift Acceptance: Rosario Marin Governance: Barry Rondinella Investment and Finance: Alev Lewis

Officers (July 1, 2019 through June 30, 2020) President: Omel Nieves Vice President: Larry Adamson Treasurer: Joyce Williams Secretary: Pending

Statement of Appropriate Use All Employees of, or Volunteers for California State University, Los Angeles must sign a Statement of Appropriate Use before being given access to database information.

I understand that all personal and organization information maintained by the University is subject to strict state and federal statutes regarding privacy and confidentiality. As an employee of, or as volunteer for California State University, Los Angeles, I understand that all information regarding individuals and organizations used or maintained in the course of Advancement activities is confidential and is not to be used or taken outside the workplace. This applies to all information maintained by the University Advancement division, which may be in the form of printed materials, electronic data, oral statements, or other formats. This information may include, but is not limited to, names, phone numbers, addresses, giving history, employer records, and other information I may access in the course of my job. I also understand that I am responsible for proper usage of this information, and that I agree to report any observed misuse to the appropriate supervisor immediately. This also includes any computer security passwords I am given in the course of my employment, and I clearly understand that my passwords are to remain confidential and not to be revealed or shared with other individuals. I also understand that unauthorized or inappropriate use of the Internet, World Wide Web, and any other resources made available during my employment with the University can also result in immediate termination or disciplinary action. Misuse of this information, including the transfer of information, in any format, to unauthorized individuals will result in immediate termination or other disciplinary action.

Signature:

Print Name:

Date:

California State University, Los Angeles Confidentiality Statement

PHILANTHROPY is based on voluntary action for the common good. It is a tradition of giving and

sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of

the general public, and that donors and prospective donors can have full con dence in the not-for-pro t

organizations and causes they are asked to support, we declare that all donors have these rights:

A DONOR BILL OF RIGHTS

ITo be informed of the organization’s mission,

of the way the organization intends to use donated resources, and of its capacity to use donations e ectively for their

intended purposes.

IITo be informed of the identity of those serving

on the organization’s governing board, and to expect the board to exercise prudent judgment in its stewardship responsibilities.

IIITo have access to the organization’s

most recent nancial statements.

IVTo be assured their gifts will be used for the purposes for which they were given.

VTo receive appropriate acknowledgement

and recognition.

VITo be assured that information about their donations is handled with respect and with

con dentiality to the extent provided by law.

VIITo expect that all relationships with

individuals representing organizations of interest to the donor will be professional in nature.

VIIITo be informed whether those seeking

donations are volunteers, employees of the organization or hired solicitors.

IXTo have the opportunity for their

names to be deleted from mailing lists that an organization may intend to share.

XTo feel free to ask questions when making

a donation and to receive prompt, truthful and forthright answers.

ADOPTED IN 1993 • COPYRIGHT AFP, AHP, CASE, GIVING INSTITUTE 2015 • ALL RIGHTS RESERVED

DEVELOPED BY:

Association of Fundraising Professionals (AFP)

Association for Healthcare Philanthropy (AHP)

Council for Advancement and Support of Education (CASE)

Giving Institute: Leading Consultants to Non-Pro ts

ETHICAL STANDARDS (Adopted 1964; amended Oct 2014)The Association of Fundraising Professionals believes that ethical behavior fosters the development and growth of fundraising professionals and the fundraising profession and enhances philanthropy and volunteerism. AFP Members recognize their responsibility to ethically generate or support ethical generation of philanthropic support. Violation of the standards may subject the member to disciplinary sanctions as provided in the AFP Ethics Enforcement Procedures. AFP members, both individual and business, agree to abide (and ensure, to the best of their ability, that all members of their staff abide) by the AFP standards.

PUBLIC TRUST, TRANSPARENCY& CONFLICTS OF INTEREST

Members shall: not engage in activities that harm the members’ organizations, clients or profession or knowingly bring the profession into disrepute.

not engage in activities that conflict with their fiduciary, ethical and legal obligations to their organizations, clients or profession.

effectively disclose all potential and actual conflicts of interest; such disclosure does not preclude or imply ethical impropriety.

not exploit any relationship with a donor, prospect, volunteer, client or employee for the benefit of the members or the members’ organizations.

comply with all applicable local, state, provincial and federal civil and criminal laws.

recognize their individual boundaries of professional competence.

present and supply products and/or services honestly and without misrepresentation.

establish the nature and purpose of any contractual relationship at the outset and be responsive and available to parties before, during and after any sale of materials and/or services.

never knowingly infringe the intellectual property rights of other parties.

protect the confidentiality of all privileged information relating to the provider/client relationships.

never disparage competitors untruthfully.

SOLICITATION & STEWARDSHIPOF PHILANTHROPIC FUNDS

Members shall: ensure that all solicitation and communication

materials are accurate and correctly reflect their organization’s mission and use of solicited funds.

ensure that donors receive informed, accurate and ethical advice about the value and tax implications of contributions.

ensure that contributions are used in accordance with donors’ intentions.

ensure proper stewardship of all revenue sources, including timely reports on the use and management of such funds.

obtain explicit consent by donors before altering the conditions of financial transactions.

TREATMENT OF CONFIDENTIAL& PROPRIETARY INFORMATION

Members shall: not disclose privileged or confidential information to

unauthorized parties. adhere to the principle that all donor and prospect

information created by, or on behalf of, an organization or a client is the property of that organization or client.

give donors and clients the opportunity to have their names removed from lists that are sold to, rented to or exchanged with other organizations.

when stating fundraising results, use accurate and consistent accounting methods that conform to the relevant guidelines adopted by the appropriate authority.

COMPENSATION, BONUSES & FINDER’S FEES

Members shall: not accept compensation or enter into a contract that

is based on a percentage of contributions; nor shall members accept finder’s fees or contingent fees.

be permitted to accept performance-based compensation, such as bonuses, only if such bonuses are in accord with prevailing practices within the members’ own organizations and are not based on a percentage of contributions.

neither offer nor accept payments or special considerations for the purpose of influencing the selection of products or services.

not pay finder’s fees, commissions or percentage compensation based on contributions.

meet the legal requirements for the disbursement of funds if they receive funds on behalf of a donor or client.

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CODE OF ETHICAL STANDARDS

California State University, Los Angeles FoundationFinancial Reports

For Eleven Months Ended May 31, 2019

Financial Summary 1

Unaudited Financial Statements- Eleven Months May 31, 2019

Statements of Financial Position 2Statements of Activity 3Statement of Activity-Detail General Fund 4

2

California State University, Los Angeles FoundationFinancial Summary


Inflows

Investment Earnings 1,185,752Gifts and Contributions 3,165,681

Total Inflows 4,351,433

Outflows Operating Activities:

General Fund Operating 518,176 Annual Fund Operating 113,761

Investment Activities:Investment Fees 216,344

Scholarship Activities:Scholarship Disbursed Directly 1,637,270

Others:Campus Program Distribution 5,590,386

Total Outflow 8,075,937

Net Flow (3,724,504)

Opening Fund Balance 61,043,628

Ending Fund Balance 57,319,124

3

General Non-endowed Annual Board Award/Quasi Non-Scholarship Endowment Endowed Total

Fund Investment Fund Designated Sub-total Fund Fund Sub-total Fund Investment Fund Sub-total FundRevenue & support Investment earnings 157,554 (21,286) 136,268 (56,466) 43,764 (12,702) 1,062,187 1,062,187 1,185,752 Gifts & contributions 294,238 294,238 431,958 127,295 559,254 2,312,189 2,312,189 3,165,681 Board authorized operation funding 614,506 (458,143) 156,363 0 (156,363) (156,363) 0 Board authorized scholarship funding 0 1,479,366 2,237 1,481,603 15,363 (1,496,966) (1,481,603) 0 Administrative fee 143,544 (14,711) 128,833 (12,161) (79,112) (91,273) (37,559) (37,559) (0) Temporarily restricted fund trnsf (210,563) 200,000 (10,563) (61,948) 37,500 (24,448) 35,011 35,011 0

Total revenue and supports 614,506 (157,046) 68,964 178,714 705,138 1,780,749 131,684 1,912,434 2,325,004 (591,142) 1,733,861 4,351,433

Expenses Scholarship distribution 200,000 200,000 1,437,270 1,437,270 0 1,637,270 Personnel expenses 89,476 89,476 0 0 89,476 Campus program distribution 0 536,712 5,053,674 5,590,386 0 5,590,386 Investment management fee 0 0 216,344 216,344 216,344 Operating expenses 518,176 24,285 542,461 0 0 542,461

Total expenses 518,176 0 113,761 200,000 831,937 1,973,982 5,053,674 7,027,656 0 216,344 216,344 8,075,937

Change in net assets 96,330 (157,046) (44,797) (21,286) (126,799) (193,233) (4,921,989) (5,115,222) 2,325,004 (807,486) 1,517,517 (3,724,504)

Beginning balance at 7/1/18 0 965,503 178,468 958,429 2,102,400 6,248,056 13,634,800 19,882,856 34,035,959 5,022,413 39,058,372 61,043,628

Ending balance at 5/31/2019 96,330 808,457 133,671 937,143 1,975,601 6,054,823 8,712,811 14,767,634 36,360,963 4,214,927 40,575,889 57,319,124

Prepared by: Paula TchengReviewed by: Carols BeltranApproved by: Rowena Tran

California State University, Los Angeles FoundationStatements of Activities

For Eleven Months Ended May 31, 2019 (unaudited)

Unrestricted Fund Temporarily Restricted Fund Permanently Restricted Fund

2

General Non-endowed Annual Board Award/Quasi Non-Scholarship Endowment Endowed Total Total

Fund Investment Fund Designated Sub-total Fund Fund Sub-total Fund Investment Sub-total 2018/2019 2017/2018Assets Cash 44,580 648,470 145,452 838,502 59,448 1,266,976 1,326,424 444,214 0 444,214 2,609,139 2,516,905 Accounts receivable 58,593 58,593 700 65,426 66,126 606 606 125,326 65,426 Pledge receivable 0 246,496 4,664,964 4,911,459 2,694,944 2,694,944 7,606,403 7,663,216 Prepaid 0 25,416 25,416 0 25,416 183,238 Endowed Investments 937,143 937,143 2,496,934 2,496,934 33,221,199 4,214,927 37,436,125 40,870,202 40,070,947 Non-endowed Investments 159,988 159,988 3,287,453 2,698,891 5,986,344 0 6,146,332 10,910,015

Total assets 103,173 808,457 145,452 937,143 1,994,225 6,091,030 8,721,673 14,812,704 36,360,963 4,214,927 40,575,889 57,382,818 61,409,747

Liabilities & Fund Balance Accounts payable & other liab 6,843 11,781 18,624 36,207 8,863 45,070 0 63,694 366,119 Net assets: 96,330 808,457 133,671 937,143 1,975,601 6,054,823 8,712,811 14,767,634 36,360,963 4,214,927 40,575,889 57,319,124 61,043,628

Total liabilities & net assets 103,173 808,457 145,452 937,143 1,994,225 6,091,030 8,721,674 14,812,704 36,360,963 4,214,927 40,575,889 57,382,818 61,409,747

Other Receivable: Investments: C.O. Charitable 65,426 Non endowed Endowed Total Miscellaneous 59,900 Marshall Geller Fnd 264,760 264,760

125,326 CD 4,870,460 4,870,460LaKretz 457,991 457,991

Pledge Receivable: Rongxiang Xu 552,999 552,999Gross pledge Rec'd pledge Remaining pledge AB Large Cap/Wells Lrg 1,514,170 1,514,170

Temporarily Restricted: Blackrock Hi Yield Fund 629,345 629,345 AL and Ann Jicha 5,000 2,000 3,000 Blanca Flanagan Rios 1,089,725 1,089,725 Ahmanson-State Playhouse 1,500,000 1,500,000 0 Cambiar Lr 2,283,984 2,283,984 CBE Dean's Student Success 20,000 20,000 0 Chartwell MD/Sys Fin Mgmt 773,057 773,057 Chuck Church Scholarship 5,000 5,000 0 Clearbridge ESG/Montag Caldwell 901,037 901,037 Crankstart Transfer Scholarsh 50,000 50,000 0 Congress 798,491 798,491 James Garrett Internship 5,000 1,250 3,750 Commodities 779,976 779,976 L.A. Football Club 1,000,000 1,000,000 0 Delaware Lg cap 2,253,891 2,253,891 Olga S Orloff Nursing Sch 100,000 60,000 40,000 Delaware SM 377,605 377,605 Orloff II 100,000 50,000 50,000 Global Tactical 3,587,580 3,587,580 Orloff III 40,000 10,000 30,000 Invesco Intl 3,198,664 3,198,664 Rongxiang Xu Endowed 10,000,000 5,459,852 4,540,148 Lazard Emerging Markets 2,249,561 2,249,561 Sean Lawrence Memorial Sch 10,000 4,000 6,000 Lazard International Eqty 3,165,867 3,165,867 Sosapavon Graduate Scholars 140,000 42,000 98,000 Metwest Total Return/Core/Fixed Inc 3,932,862 3,932,862 STEM Advantage 102,500 102,500 0 RBC SM GR 428,608 428,608 Tennis -Tam O'Shaughnessy 500,000 375,184 124,816 Reits 850,346 850,346 Xu Foundation China Exchang 25,000 25,000 0 Short Duration/Fixed Income 6,193,376 6,193,376 William J Dermody Scholarsh 43,129 27,384 15,746 Templeton Global Bond Fund 401,782 401,782

13,645,629 8,734,170 4,911,459 Tips-PIMCO 834,564 834,564Permanently Restricted: Wells SM/MID 799,009 799,009 AL and Ann Jicha 95,000 38,000 57,000 Western Asset-Core Plus 3,825,023 3,825,023 Alison Dundes Renteln 10,000 4,600 5,400 Misc. acct 123 1,680 1,803 Chuck Church 26,250 26,250 0 Dr. Janet Lever Sociology 26,250 10,813 15,437 6,146,332 40,870,202 47,016,534 Henry Talifer 26,500 26,500 0 James Garrett Scholarship 165,000 0 165,000 James Garrett Internship 105,000 26,250 78,750 Latino Leadership Initiative 1,000,000 140,000 860,000 Lina Hu Scholarship 25,000 5,000 20,000 Lorraine Monnin Scholarship 26,250 21,563 4,688 Los Angeles Scottish Rite 52,500 26,250 26,250 Ney TESOL Scholarship 25,000 8,833 16,167 Richard & Kay Schellhase 10,500 8,500 2,000 Silverman Distinguished Lctr 396,421 2,123 394,297 Silverman Fine Arts Gallery 1,000,000 5,357 994,643 Summer Arts Conservatory 100,000 44,688 55,313

3,089,671 394,727 2,694,944 7,606,403

California State University, Los Angeles FoundationStatements of Financial Position

For Eleven Months Ended May 31, 2019 (unaudited)

Unrestricted Fund Temporarily Restricted Fund Permanently Restricted Fund

4

California State University, Los Angeles Foundation Detail Statement of Activities - Unrestricted General Fund


05/31/19 Budget Available Budget

Revenue and Support

Board authorized operation funding 614,506 614,506 -

614,506 614,506 - Expenses

Accounting Service 73,960 73,960 - Administrative Service 112,671 112,671 - Auditing 28,297 31,675 3,378 Audit Fees(Internal) 7,000 7,000 Banking Fees 9,276 19,000 9,724 Dues and Membership 1,246 1,300 54 Hospitality and Special Event 19,175 20,000 825 Legal Expenses 165 5,000 4,835 Liability Insurance 2,917 4,500 1,583 Payroll Deduction 121 200 79 Planned Giving 30,469 70,000 39,531 Postage 20 200 180 Supplies and Services 8,337 15,000 6,663 Travel 1,523 24,000 22,477 University Advancement Operations 175,000 175,000 - Contingency 55,000 55,000 -

518,176 614,506 96,330 Revenue and Support over Expense 96,330 - 96,330