California State University San Bernardino

The board meeting featured a university report highlighting economic impact, campaign fundraising success, and national rankings for social mobility and best value. There was a discussion on the MSPA program and regional healthcare needs. The Philanthropy Committee reported on campaign goal achievements, and the Investment & Finance Committee reviewed the transition to an OCIO model with Graystone Consulting. A presentation on the university's Basic Needs program outlined initiatives for food security, financial support, and housing, with potential expansion to include childcare support for students.

The meeting featured a university report highlighting the opening of the new Performing Arts Center, which includes a 478-seat theatre and renovated spaces to support student and faculty opportunities. Discussions also covered enrollment recovery efforts and the university's role as an anchor institution with regional partnerships. A workshop session focused on strategies to activate the Performing Arts Center as an inclusive community space, including programming ideas, local entrepreneur support, educational pathway expansion, and community engagement.

The board meeting agenda included several action items such as a board resolution, a name change for the Advocacy and Community Relations Committee, and the approval of the 2025-26 annual budget and investment policy. The session also featured a university report, various committee reports covering alumni, audit, investment and finance, philanthropy, and board membership, and concluded with a student leaders panel and open discussion.

The council meeting covered several key topics, including the introduction of new members, a review of the revised interim Time, Place, and Manner policy regarding campus locations, and updates on recruitment efforts for police officers, dispatchers, and a new police chief. The council also discussed current police presence at the PDC, updates on SB 98 compliance regarding immigration enforcement, and feedback concerning African American student enrollment and community engagement with law enforcement.

The Investment Committee meeting included an overview of the 3rd Quarter Portfolio Performance, noting strong gains in the S&P 500 and significant outperformance in international and emerging markets. Discussion addressed equity valuations, particularly concerning technology stocks, and the importance of diversification across alternative investments and fixed income to mitigate risk. The committee reviewed the portfolio transition details, including performance for the two-month transition period and updates on alternative investments like Beacon Point and new credit and infrastructure fund allocations. The liquidity pool balance and the planned Q4 2025 redemption of the Kimpact position were discussed. Regarding Foundation Financial Statements, the review was postponed due to income not being updated, but supplementary appendices detailing balance sheet and income statement accounts were presented and deemed helpful. The committee debated a request to maintain a $1.0 million liquidity cushion in the SWIFT fund due to slower transfer times from the new OCIO manager (Graystone); further analysis on cash flows was requested for the next meeting. The Executive Director reported on recent endowment gift movements, confirmed plans for a gala in honor of President Morales, and expressed interest in expanding the Foundation's role in co-trustee and split-interest planned-giving vehicles.