2024-12-17T14:01:50-06:00 2024-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2023-07-01 956123757 CALIFORNIA STATE UNIVERSITY FOUNDATION CALI 5629514810 401 GOLDEN SHORE LONG BEACH CA 90802 AARON J MOORE CFO 5629514810 2024-12-13 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2024-12-13 2023 2024-10-15 13:58:12Z GREG SAKS 401 GOLDEN SHORE LONG BEACH CA 90802 24154137 0 X HTTP://WWW.CALSTATE.EDU/FOUNDATION/ X 1962 CA THE MISSION OF THE CALIFORNIA STATE UNIVERSITY FOUNDATION IS TO ENHANCE THE EDUCATIONAL EXCELLENCE OF THE CALIFORNIA STATE UNIVERSITY IN TEACHING, LEARNING, COMMUNITY SERVICE, AND APPLIED RESEARCH. 15 14 0 15 -18502 0 4248851 1969066 31160 26950 1547060 1759426 220396 190924 6047467 3946366 5267135 4001679 0 0 0 0 0 0 19267 838480 869969 6105615 4871648 -58148 -925282 52244954 54755126 8366326 9090366 43878628 45664760 X ESTABLISHED IN 1962, THE FOUNDATION IS THE CENTRAL FOUNDATION FOR THE CALIFORNIA STATE UNIVERSITY (CSU) SYSTEM AND SERVES THE OFFICE OF THE CHANCELLOR. THE FOUNDATION EXISTS TO SUPPORT EXCELLENCE IN TEACHING AND LEARNING, AND TO SERVE THE NATIONAL, STATE AND REGIONAL INTERESTS OF THE UNIVERSITY. THE CSU FOUNDATION IS COMMITTED TO ENHANCING AND PROMOTING THE CSU AS A LEADER OF VALUE AND QUALITY IN HIGHER EDUCATION. 0 0 1579500 1579500 SUPPORT OF MAJOR CSU INITIATIVES SUCH AS IMPROVING THE GRADUATION RATE AND TEACHER PREPARATION THROUGH COLLABORATION WITH EXTERNAL FUNDERS. 956911 257751 26950 THE CSU FOUNDATION SUPPORTED THE EDUCATIONAL AND GOVERNANCE ACTIVITIES OF THE 23 UNIVERSITY CAMPUSES, THROUGH REGULAR MEETINGS OF ITS TRUSTEES, PRESIDENTS, EMPLOYEES, AND ALUMNI LEADERS AS WELL AS PROVIDING EMPLOYEE RECOGNITION. 2164428 2164428 THE CSU FOUNDATION PROVIDED SCHOLARSHIPS TO 381 STUDENTS THROUGHOUT THE CSU SYSTEM. 4700839 1 1 0 1 0 0 0 0 0 1 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X X ALICE KIM 5629514627 401 GOLDEN SHORE LONG BEACH CA 90802 KRISTIN CRELLIN CHAIR 1.00 X X 0 0 0 GILLIAN WRIGHT VICE CHAIR 1.00 X X 0 0 0 RONALD FONG SECRETARY 1.00 X X 0 0 0 MICHAEL LUCKI TREASURER 1.00 X X 0 0 0 KERI ASKEW BAILEY DIRECTOR (THRU 1/22/24) 1.00 X 0 0 0 JOHN AUGUSTINE DIRECTOR 1.00 X 0 0 0 RONALD BARHORST DIRECTOR 1.00 X 0 0 0 KIMBERLEY GOODE DIRECTOR 1.00 X 0 0 0 MICHAEL LIZARRAGA DIRECTOR 1.00 X 0 0 0 LORENE MILLER DIRECTOR 1.00 X 0 0 0 HENRY PEREA DIRECTOR 1.00 X 0 0 0 ALI RAZI DIRECTOR 1.00 X 0 0 0 STEVEN STUCK DIRECTOR 1.00 X 0 0 0 GADDI VASQUEZ DIRECTOR 1.00 X 0 0 0 SCOTT WELLS DIRECTOR 1.00 X 0 0 0 JOLENE KOESTER CHANCELLOR-EX OFFICIO (THRU 9/30/23) 2.00 70.00 X 0 697767 180632 MILDRED GARCIA CHANCELLOR-EX OFFICIO (AS OF 10/1/23) 2.00 70.00 X 0 159922 44719 LORI A REDFEARN PRESIDENT (THRU 12/29/23) 6.00 34.00 X 0 304263 127923 AARON J MOORE CHIEF FINANCIAL OFFICER 18.00 22.00 X 0 157490 75920 WENDY CHAVIRA GARCIA VICE PRESIDENT 18.00 22.00 X 0 105558 63003 STEVE RELYEA PRESIDENT (12/29/23-2/11/24) 6.00 34.00 X 0 400918 138092 GREG SAKS PRESIDENT (AS OF 2/12/24) 6.00 34.00 X 0 0 0 MELISSA WATKINS CHIEF ADMIN. OFFICER (AS OF 4/15/24) 6.00 22.00 X 0 0 0 0 1825918 630289 0 0 1 0 0 1969066 1610 1969066 MEETING REGISTRATION F 900099 26950 26950 26950 507193 -18502 525695 21460004 20207771 1252233 1252233 1252233 ADMINISTRATIVE FEES 900099 190924 190924 190924 3946366 217874 -18502 1777928 1717251 1717251 2284428 2284428 1307 1307 46350 46350 23138 23138 42313 42313 41441 41441 13236 13236 29975 29975 31669 31669 318458 303447 15011 9954 9954 OTHER EXPENSES 292861 256254 36607 FUNDRAISING 19267 19267 4871648 4700839 151542 19267 2090543 1458077 3116300 1616000 0 36530 17272 17351 26978120 29931611 11886792 12829883 8155927 8865674 52244954 54755126 46753 47398 8319573 9042968 8366326 9090366 X 6830236 7526201 37048392 38138559 43878628 45664760 52244954 54755126 -925282 2711414 0 X 0 1 X 1 0 X 7087783 7526858 5651039 4248851 1969066 26483597 396516 412757 417779 406743 433384 2067179 7484299 7939615 6068818 4655594 2402450 28550776 10595054 17955722 553716 446562 388682 590815 486691 2466466 1434 132548 133982 170755 267291 203549 220396 190924 1052915 32204139 62769 0.55760 0.54440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE FEES - 2019 AMOUNT: $ 161,653. 2020 AMOUNT: $ 190,370. 2021 AMOUNT: $ 176,130. 2022 AMOUNT: $ 182,032. 2023 AMOUNT: $ 190,924. MISCELLANEOUS - 2019 AMOUNT: $ 9,102. 2020 AMOUNT: $ 76,921. 2021 AMOUNT: $ 27,419. 2022 AMOUNT: $ 38,364. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33138 966 34104 4686002 4720106 386005 96501 0 0 436519 500667 446546 386005 1769737 2654606 4082 13623 10940 34104 62749 109130 125167 111637 96501 442435 663653 10000 10000 33138 53138 0 0 32972822 310533 3777395 992673 211215 35856862 31300849 357552 2487331 1009554 163356 32972822 35285110 199905 -2970584 1023389 190193 31300849 27828185 420770 8187396 945027 206214 35285110 25106297 2736359 1044268 895065 4143 159531 27828185 0.01000 0.46000 0.53000 0 0 0 VENTURE CAPITAL AND PARTNERSHIPS 8777 F ALTERNATIVE INVESTMENTS 12821106 F 12829883 CRUT RECEIVABLES 139346 CHARITABLE GIFT ANNUITY 8726328 8865674 CRUT PAYABLES 139346 ALUMNI COUNCIL LIABILITY 177294 CHARITABLE GIFT ANNUITY 8726328 9042968 X 7048851 2711414 433384 3144798 3904053 42313 42313 3946366 5262719 433384 433384 4829335 42313 42313 4871648 PART V, LINE 4: EACH OF THE FOUNDATION'S ENDOWMENTS HAS BEEN ESTABLISHED TO SUPPORT A SCHOLARSHIP OR PROGRAM FUND RECORDED IN TEMPORARILY RESTRICTED NET ASSETS. PART X, LINE 2: FIN 48: THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 TRUSTEES OF THE CSU 401 GOLDEN SHORE LONG BEACH CA 90802 912155587 GOVERNMENT 927751 0 $100,000.00 - TRANSFER TO SPA HEISING-SIMONS FOUNDATION$150,000.00 - TRANSFER TO SPA GRANT#2023-225$500,000.00 - TRANSFER TO SPA GATES FOUNDATION$40,000.00 - TRANSFER TO SPA HAAS FUND$95,751.00 - ANNUAL REIMBURSEMENT TO CSUCO BY COFDN FOR CHANCELLOR'S HOUSING ALLOWANCE AS PER BOT RESOLUTION $42,000.00 - EMPLOYEE MOVING AND RELOCATION CSU LONG BEACH RESEARCH FOUNDATION 6300 STATE UNIVERSITY DR 332 LONG BEACH CA 90815 956106694 501(C)(3) 185761 0 MELLON ACLS GRANT TRANSFER TO CAMPUS CSU FULLERTON PHILANTHROPIC FOUNDATION 2600 NUTWOOD AVE 850 FULLERTON CA 92831 330567945 501(C)(3) 124470 0 MELLON ACLS GRANT TRANSFER TO CAMPUS CSU DOMINGUEZ HILLS PHILANTHROPIC FOUNDATION 1000 EAST VICTORIA ST WH425 CARSON CA 90747 473097839 501(C)(3) 99040 0 MELLON ACLS GRANT TRANSFER TO CAMPUS CSU SAN BERNADINO PHILANTHROPIC FOUNDATION 5500 UNIVERSITY PARKWAY SAN BERNADINO CA 92407 452255077 501(C)(3) 62343 0 MELLON ACLS GRANT TRANSFER TO CAMPUS CSU STANISLAUS 1 UNIVERSITY CIRCLE TURLOCK CA 95382 770207337 GOVERNMENT 50000 0 SCHUSTERMAN EMERGENCY GRANT CSU BAKERSFIELD 9001 STOCKDALE HIGHWAY BAKERSFIELD CA 93311 770314545 GOVERNMENT 50000 0 SCHUSTERMAN EMERGENCY GRANT CSU LOS ANGELES UNIVERSITY AUXILIARY SERVICES 5151 STATE UNIVERSITY DRIVE GE 314 LOS ANGELES CA 90032 954016653 501(C)(3) 32386 0 MELLON ACLS GRANT TRANSFER TO CAMPUS CSU NORTHRIDGE 18111 NORDHOFF ST NORTHRIDGE CA 91330 954358677 GOVERNMENT 26400 0 RELUI OPERATING EXPENSES UNIVERSITY FOUNDATION AT SACRAMENTO STATE 6000 J STREET MODOC HALL 3001 SACRAMENTO CA 95819 943001359 501(C)(3) 15000 0 JUNETEENTH SYMPOSIUM RECEPTION HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES 4801 NW LOOP 410 STE 701 SAN ANTIONIO TX 78229 742466103 501(C)(3) 15000 0 HACU SPONSORSHIP CSU NORTHRIDGE FOUNDATION 18111 NORDHOFF ST VALERA HALL 110 NORTHRIDGE CA 91330 956196006 501(C)(3) 14300 0 REAL ESTATE PROGRAM GRANT CAL POLY POMONA PHILANTHROPIC FOUNDATION 3801 WEST TEMPLE AVENUE POMONA CA 91768 832300241 501(C)(3) 11000 0 ANNUAL SUPPORT OF COMMUNICATION AND OUTREACH EFFORTS FOR CAL POLY ROSE FLOAT PROGRAM CALIFORNIA COALITION FOR PUBLIC HIGHER EDUCATION 777 S FIGUEROA ST STE 4050 LOS ANGELES CA 90017 452426122 501(C)(4) 10000 0 SPONSORSHIP OF CA COALITION FOR PUBLIC HIGHER ED EVENT GREAT MINDS IN STEM 5211 E WASHINGTON BLVD 2-320 LOS ANGELES CA 90040 954577359 501(C)(3) 10000 0 ACADEMIC SPONSOR SUPPORT CSU NORTHRIDGE FOUNDATION 18111 NORDHOFF ST VALERA HALL 110 NORTHRIDGE CA 91330 956196006 501(C)(3) 10000 0 CSUN EVENT HONORING CHANCELLOR EMERITA KOESTER CALIFORNIA POLYTECHNIC STATE UNIV FOUNDATION ONE GRAND AVENUE HERON HALL 117 RM 215 SAN LUIS OBISPO CA 93407 204927897 501(C)(3) 9500 0 REAL ESTATE IMPROVEMENT GRANT CSU FULLERTON PHILANTHROPIC FOUNDATION 2600 NUTWOOD AVE 850 FULLERTON CA 92831 330567945 501(C)(3) 9000 0 REAL ESTATE PROGRAM GRANT CALIFORNIANS DEDICATED TO EDUCATION FOUNDATION 548 MARKET STREET PMB 75621 SAN FRANCISCO CA 94104 450676449 501(C)(3) 7500 0 2024 CA STEM SYMPOSIUM FRIEND AFRICAN AMERICAN MALE EDUCATION NETWORK PO BOX 151 ELK GROVE CA 95759 711037144 501(C)(3) 7500 0 SPONSORSHIP FOR A2MEND 17TH ANNUAL AFRICAN AMERICAN MALE SUMMIT UNIVASSIST INC 55 UNION PLACE 146 SUMMIT NJ 07901 811757277 CORPORATION 6500 0 2024 IC3 CONFERENCE EXPO CSU FRESNO FOUNDATION 4910 N CHESTNUT AVENUE FRESNO CA 93726 946003272 501(C)(3) 5200 0 REAL ESTATE IMPROVEMENT GRANT 20 2 SCHOLARSHIPS OR FINANCIAL ASSISTANCE 381 2164428 STIPENDS TO FACULTY AND ADMINISTRATORS 9 120000 PART I, LINE 2: THE CSU FOUNDATION RECEIVES FUNDS FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS TO MAKE GRANTS AND GIVE OTHER ASSISTANCE TO DOMESTIC ENTITIES. IN THESE CASES WE ADHERE TO THE ELIGIBILITY AND STANDARDS STIPULATED BY THE FUNDING SOURCES. WE ALSO PROVIDE SCHOLARSHIPS TO DOMESTIC INDIVIDUALS, AND ARE GUIDED BY THE SCHOLARSHIP FUNDING SOURCES ON THE ELIGIBILITY STANDARDS THEY ESTABLISH. IN COLLABORATION WITH FINANCIAL AID OFFICERS, WE REVIEW THE MATERIALS UPON SUBMISSION, AND ONCE SATISFIED THAT REQUIREMENTS ARE MET, MAKE SELECTIONS. THE FINANCIAL AID OFFICES ARE RESPONSIBLE FOR SEEING THAT STUDENTS MAINTAIN ENROLLMENT DURING THE SCHOLARSHIP PERIOD THEREAFTER. SCHEDULE I, PART III CSU FOUNDATION ADHERES TO THE STANDARDS AND REPORTING REQUIREMENTS STIPULATED BY THE FUNDING SOURCES FOR GRANTS TO DOMESTIC ENTITIES AND FOR SCHOLARSHIPS TO DOMESTIC INDIVIDUALS. X X 1 1 0 0 0 0 0 0 0 0 0 JOLENE KOESTER CHANCELLOR-EX OFFICIO (THRU 9/30/23) 0 525799 0 0 0 171968 0 166667 0 13965 0 878399 0 0 STEVE RELYEA PRESIDENT (12/29/23-2/11/24) 0 383974 0 0 0 16944 0 123689 0 14403 0 539010 0 0 LORI A REDFEARN PRESIDENT (THRU 12/29/23) 0 303867 0 0 0 396 0 99468 0 28455 0 432186 0 0 AARON J MOORE CHIEF FINANCIAL OFFICER 0 157430 0 0 0 60 0 51360 0 24560 0 233410 0 0 MILDRED GARCIA CHANCELLOR-EX OFFICIO (AS OF 10/1/23 0 132098 0 0 0 27824 0 42400 0 2319 0 204641 0 0 WENDY CHAVIRA GARCIA VICE PRESIDENT 0 105498 0 0 0 60 0 34163 0 28840 0 168561 0 0 PART I, LINE 1A AT THE CHANCELLOR'S DISCRETION, EXECUTIVE STAFF MAY BE REIMBURSED FOR SPOUSAL TRAVEL EXPENDITURES WHEN THE SPOUSE PERFORMS OFFICIAL CSU DUTIES AND THE SPOUSE IS REGISTERED AS A CSU VOLUNTEER. IN ADDITION, AT ITS MEETING ON NOVEMBER 13-14, 2018, THE CSU BOARD OF TRUSTEES PASSED A RESOLUTION STATING: "THE CHANCELLOR SHALL RECEIVE A $7,917 MONTHLY HOUSING ALLOWANCE OF NON-STATE FUNDS TO SUPPLEMENT THE COST OF A RESIDENCE. THESE FUNDS ARE TO BE PAID BY THE FOUNDATION ENDOWMENT CREATED THROUGH AN ORIGINAL DONOR GIFT TO SUPPORT THE HOUSING AND HOSPITALITY-RELATED FUNCTIONS FOR THE CHANCELLOR OF THE CALIFORNIA STATE UNIVERSITY AND SUPPLEMENTED BY THE PROCEEDS OF THE SALE OF THE STATE UNIVERSITY HOUSE LOCATED IN LONG BEACH." PART I, LINE 1B THE CSU FOUNDATION ABIDES BY RESTRICTIONS OUTLINED IN THE CSU HOSPITALITY POLICY, WHICH REQUIRES THAT THERE BE SUBSTANTIATION BEFORE EXPENSES OF AN INSIDER ARE REIMBURSED. PART I, LINE 3 HTTPS://CALSTATE.POLICYSTAT.COM/POLICY/16051928/LATEST/ I. SCOPE OF POLICY THIS POLICY GOVERNS COMPENSATION FOR ALL CALIFORNIA STATE UNIVERSITY (CSU) EMPLOYEES. II. GUIDING PRINCIPLES IT IS THE INTENT OF THE BOARD OF TRUSTEES TO COMPENSATE ALL CSU EMPLOYEES IN A MANNER THAT IS FAIR, REASONABLE, COMPETITIVE, AND FISCALLY PRUDENT IN RESPECT TO SYSTEM BUDGET AND STATE FUNDING. THE GOAL OF THE CSU CONTINUES TO BE TO ATTRACT, MOTIVATE, AND RETAIN THE MOST HIGHLY QUALIFIED INDIVIDUALS TO SERVE AS FACULTY, STAFF, AND EXECUTIVES, WHOSE KNOWLEDGE, EXPERIENCE, AND CONTRIBUTIONS CAN ADVANCE THE UNIVERSITY'S MISSION. THE CSU ADHERES TO TOTAL COMPENSATION PRACTICES THAT ARE FAIR AND EQUITABLE IN DESIGN, APPLICATION, AND DELIVERY. TOTAL COMPENSATION INCLUDES SALARY AS WELL AS BENEFITS, SUCH AS HEALTH AND WELFARE BENEFITS INCLUDING RETIREMENT, PAID TIME OFF, SABBATICALS, EDUCATIONAL FEE WAIVERS, VACATION AND SICK LEAVE ACCRUAL, OR ANY OTHER BENEFITS OR PERQUISITES PROVIDED TO CSU EMPLOYEES. III. COMPENSATION A: ALL EMPLOYEE COMPENSATION: THE CSU EVALUATES COMPETITIVE AND FAIR COMPENSATION FOR ALL EMPLOYEES BASED ON PERIODIC MARKET COMPARISON SURVEYS AND THE DEPTH OF SKILL AND EXPERIENCE OF AN INDIVIDUAL EMPLOYEE. THE COMPENSATION SYSTEM FOR THE CSU SHALL (A) BE ADMINISTERED IN A MANNER THAT COMPLIES WITH ALL APPLICABLE FEDERAL, STATE, AND LOCAL REGULATIONS AND LAWS, AND (B) BE CONSISTENT WITH APPLICABLE ADMINISTRATIVE POLICIES, RULES AND COLLECTIVE BARGAINING AGREEMENTS. B: EXECUTIVE COMPENSATION: THE CSU WILL MAINTAIN AND PERIODICALLY UPDATE A TIERED LIST OF CSU COMPARISON INSTITUTIONS FOR EXECUTIVE EMPLOYEE GROUPS. THE LIST MAY TAKE INTO ACCOUNT GEOGRAPHIC LOCATION, ENROLLMENT, PERCENT OF PELL ELIGIBLE STUDENTS, BUDGET, RESEARCH FUNDING, AND SUCH OTHER VARIABLES AS DEEMED APPROPRIATE. EXECUTIVE COMPENSATION WILL BE GUIDED WITH REFERENCE TO THE MEAN AND/OR MEDIAN OF THE APPROPRIATE COMPARISON INSTITUTIONS, TOGETHER WITH AN INDIVIDUAL'S REPUTATION, AND LENGTH, DEPTH AND EFFECTIVENESS OF APPLICABLE EXPERIENCE, AND OTHER MERITORIOUS ACHIEVEMENT AND CONTRIBUTIONS TO THE SUCCESS OF THE CSU. 1 - PRESIDENTIAL COMPENSATION: SALARY AT APPOINTMENT: WHEN A PRESIDENTIAL VACANCY OCCURS, THE SUCCESSOR PRESIDENT'S SALARY SHOULD NOT (ABSENT EXTENUATING CIRCUMSTANCES) EXCEED THE INCUMBENT'S SALARY BY MORE THAN 10 PERCENT. ANY AMOUNT IN EXCESS OF THE INCUMBENT'S SALARY SHALL BE BASED UPON CRITERIA SUCH AS EXTRAORDINARY CIRCUMSTANCES, KNOWLEDGE AND/OR EXPERIENCE OR ABILITY TO CONTRIBUTE TO AND ADVANCE THE UNIVERSITY'S MISSION, AND MARKET CONDITIONS. A PRESIDENT'S SALARY MAY ONLY BE FUNDED WITH STATE FUNDS. THE CHANCELLOR SHALL HAVE AUTHORITY TO NEGOTIATE RECOMMENDED STARTING SALARIES FOR PRESIDENTS. THE CHANCELLOR SHALL PRESENT THE RECOMMENDED SALARY TO THE BOARD OF TRUSTEES FOR APPROVAL. PERIODIC PRESIDENTIAL SALARY ASSESSMENT: ON AN ANNUAL BASIS, AND AS A GENERAL RULE AT THE JULY MEETING OF THE BOARD OF TRUSTEES, THE BOARD SHALL BE PRESENTED WITH A SALARY ASSESSMENT OF ALL PRESIDENTS WHO HAVE RECEIVED A TRIENNIAL REVIEW IN ACCORDANCE WITH THE BOARD OF TRUSTEES POLICIES AND PROCEDURES FOR REVIEW OF PRESIDENTS DURING THE PREVIOUS FISCAL YEAR. THE BOARD SHALL DETERMINE WHETHER AN INCREASE TO A PRESIDENT'S SALARY IS WARRANTED BASED ON CSU'S OPERATIVE MARKET DATA (WHICH SHOULD BE REVIEWED EVERY FIVE YEARS), AND IF SO, THE AMOUNT OF ANY SUCH ADJUSTMENT. FOLLOWING THE INITIAL SALARY ASSESSMENT, THE PRESIDENT'S SALARY SHALL BE REASSESSED ONCE A YEAR AGAINST OPERATIVE MARKET DATA FOR THE NEXT TWO YEARS, AND IF THE PRESIDENT'S ANNUAL SALARY CONTINUES TO BE BELOW THE PEER GROUP MEDIAN, A RECOMMENDED INCREASE SHALL BE PRESENTED TO THE BOARD EACH JULY. THE GOAL OF THE SALARY ASSESSMENT PROCESS IS TO INCREMENTALLY BRING EACH PRESIDENT INTO ALIGNMENT WITH THE PEER GROUP MEDIAN. THE FIRST YEAR, PRESIDENTIAL SALARIES MAY BE ADJUSTED UP TO THE PEER GROUP MEDIAN BY AN AMOUNT NOT TO EXCEED 10 PERCENT. THE SECOND AND THIRD YEAR ADJUSTMENTS SHALL BE MADE IN ACCORDANCE WITH THE FOLLOWING MATRIX: AMOUNT TO REACH PEER GROUP MEDIAN - INCREASE 0% TO 5% - 0% 5.01% TO 10% - 2% 10.01% TO 15% - 4% 15.01% TO 25% - 7% 25.01% TO 35% - 10% AS A CONDITION OF RECEIVING A MARKET-BASED SALARY INCREASE, THE PRESIDENT MUST HAVE BEEN IN THEIR POSITION FOR THREE YEARS AND MUST HAVE RECEIVED A SATISFACTORY EVALUATION DURING THEIR TRIENNIAL REVIEW. MARKET-BASED SALARY INCREASES APPROVED BY THE BOARD IN ACCORDANCE WITH THIS POLICY WILL BE EFFECTIVE JULY 1ST OF THE APPROVAL YEAR. COMPENSATION ACTIONS ARE SUBJECT TO AVAILABILITY OF FUNDS AND CURRENT BUDGET CONDITIONS. OTHER SALARY INCREASE PROGRAMS: A SALARY ADJUSTMENT DURING TRIENNIAL PERFORMANCE REVIEWS DOES NOT PROHIBIT THE INCUMBENT FROM BEING ELIGIBLE FOR THE ANNUAL MERIT INCREASE PROGRAM AS PROVIDED TO OTHER NON-REPRESENTED EMPLOYEES. 2 - INDIVIDUAL SALARY INCREASES: THE BOARD ALSO RETAINS THE RIGHT, IN ITS DISCRETION, TO MAKE OTHER SALARY ADJUSTMENTS AS NECESSARY AT OTHER TIMES FOR AN EXECUTIVE WHEN A SIGNIFICANT EQUITY OR RETENTION ISSUE IS IDENTIFIED. THE CHANCELLOR SHALL RECOMMEND ALL EXECUTIVE SALARY ADJUSTMENTS TO THE BOARD OF TRUSTEES FOR APPROVAL IN OPEN SESSION OF A BOARD MEETING. IV. AUTHORITY THIS POLICY IS ISSUED PURSUANT TO RUFP 05-24-07 AND SECTION II OF THE STANDING ORDERS OF THE BOARD OF TRUSTEES OF THE CALIFORNIA STATE UNIVERSITY AS FURTHER DELEGATED BY THE STANDING DELEGATIONS OF ADMINISTRATIVE AUTHORITY. PART II: ALL INDIVIDUALS LISTED IN PART II RECEIVE COMPENSATION FROM THE CALIFORNIA STATE UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR THE REVIEW AND APPROVAL OF THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A FINAL COPY OF THE FORM 990 WILL BE FORWARDED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY CSU STAFF ARE ANNUALLY ASKED TO REVIEW AND AFFIRM THAT THEY HAVE NO CONFLICTS OF INTEREST AS DESCRIBED IN THE CONFLICT OF INTEREST POLICY STATEMENT. UPON THE IDENTIFICATION OF ANY CONFLICT, THE INFORMATION IS THEN FORWARDED TO THE EXECUTIVES OF THE BOARD AND APPROPRIATE ACTION IS TAKEN. THIS ACTION MAY RANGE FROM THE BOARD NOT APPROVING A CONTRACT BASED ON POTENTIAL CONFLICT TO REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ENTITY DOES NOT HAVE A PROCESS FOR DETERMINING COMPENSATION FOR THE TOP MANAGAGEMENT OFFICIAL, OFFICERS, OR KEY EMPLOYEES AS THESE EMPLOYEES ARE NOT COMPENSATED BY THE ENTITY. THE ENTITY HAS NO EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANICAL STATEMENTS ARE POSTED TO THE ORGANIZATION'S WEBSITE AT: HTTP://WWW.CALSTATE.EDU/FOUNDATION/ CALIFORNIA STATE UNIVERSITY 401 GOLDEN SHORE LONG BEACH CA 90802 954601267 EDUCATION CA STATE OF CALIFORNIA 0 CHARITABLE REMAINDER UNITRUSTS TRUST CA CA STATE UNIVERSITY FOUNDATION T 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0