The University Foundation at Sacramento State
Annual Report of Giving
About the Annual Report of Giving
In fiscal year 2010-11 The University Foundation at Sacramento State Board of Directors once again took a strong leadership role in raising funds for Sacramento State. Both individually and as a group they embraced their role as active participants in the University’s advancement activities, adopting initiatives that boosted the fundraising and stewardship capacities of the campus.
School of Nursing Expansion
The University Foundation Board continued to help raise $500,000 in funds for the School of Nursing’s relocation to, and renovation of, Folsom Hall, the former CalSTRS building. They played an instrumental role in attracting donors to the program and several members took the additional step of naming laboratories and other facilities in the building.
"From Dreams to Degrees" Scholarship Reception
The Foundation hosted its second “From Dreams to Degrees” reception, which brings scholarship donors together with the student recipients of their gifts. Board member Sonney Chong, President Alexander Gonzalez, Wells Fargo regional president Felix Fernandez and a student representative from the Veterans Success Program addressed the gathering. A video presentation was also shown which featured several student scholarship recipients, as well as donors and President Gonzalez. To view the From Dreams to Degrees video, visit csus.edu/giving/dreams-to-degrees.
In addition to raising funds for the School of Nursing, several members of the Board of Directors are assisting in other efforts such as the Foundation’s Audit, Investment and Donor Relations committees. The Board also added new member and alumna Alice Perez (’99). In addition, Board members worked in tandem with the Office of University Development, meeting one-on-one with potential donors to strengthen ties between the University and the community. And Foundation Board Chief Financial Officer and President’s Executive Committee member Pamela Stewart was also honored with the President’s Medal for Distinguished Service at spring commencement ceremonies.
Several successful Estate Planning 101 workshops were held last year—led by Board member Mark Drobny—resulting in an increase in the number of campus and community members expressing interest in making planned gifts. The Planned Giving Advisory Committee, which serves as a resource for trends and for developing additional leads for planned gifts, continues to be a source of expertise on investments and retirement planning. In addition, membership in the Legacy Circle nearly doubled from the previous year. Legacy Circle members are individuals who have provided support to the University in their estate plans through wills, life income gifts, retirement plans, life insurance designations and other planned giving vehicles.
The year saw the creation of 10 new endowments and scholarships. The College of Education, the College of Engineering and Computer Science, the Alumni Association scholarship program, and the departments of Art, Asian American Studies and Music were among the recipients of the funds.
The University Foundation at Sacramento State
The University Foundation at Sacramento State was established in 1986 as a 501(c)(3) auxiliary of the University. It is the University's primary philanthropic auxiliary and partner in achieving its annual philanthropic goal.
Donors may give gifts to The University Foundation at Sacramento State for specific campus purposes and obtain tax benefits in accordance with State of California and United States federal laws.
Expendable funds cover a broad range of uses—from scholarships, faculty development and the expansion of academic and students programs and services, to the construction of new facilities. And they include the "annual funds" that provide discretionary support for departments and colleges on campus.
The funds designated for endowment provide perpetual support for scholarship, academic and campus programs. The principal of the endowed fund is invested and a percentage of annual earnings is expended in support of the endowment's purpose.
The University Foundation at Sacramento State is annually audited by an independent public accounting firm to ensure compliance with corporate governance requirements of the State of California and the California State University system.
For more information on The University Foundation at Sacramento State, call (916) 278-7043 or visit csus.edu/universityfoundation.