Eurania Isabel Lopez

The board meeting agenda focuses on the re-election of directors and officers, the conferral of Director Emerita status for Judy Marcus, and a resolution to change foundation officers. Additionally, the board will review and approve committee assignments and adopt the operating and campaign budgets for the upcoming fiscal year.

The Committee reviewed the market environment, noting trends in equity markets and inflation, and provided an update on the Foundation's portfolio performance, highlighting the strength of private investments and the Green Fund's strategy. The committee approved a $500,000 commitment to Material Impact III, while electing not to invest in upcoming funds from March Capital and Headlands Capital. Additionally, the committee discussed the evolution of the portfolio's sustainability alignment, including the progress of the Investment Policy Statement Working Group in synthesizing new ESG guidelines.

The committee meeting focused on several key agenda items, including the welcome of a new Assistant Vice President of University Development and the formal consideration of two candidates for Board membership. Discussions were held regarding the recruitment approach, an updated gap analysis of the Board, and the strategy for future member solicitation with an emphasis on expanding reach across various sectors and geographies. Additionally, the committee reviewed a draft outline for a new Board member orientation and discussed the future meeting schedule and plans for a board engagement survey.

The committee discussed updates to the Investment Policy Statement to better incorporate metrics for measuring progress in investing with women and BIPOC-led firms. The meeting included a review of the market environment, an assessment of portfolio performance for the fiscal year ending June 30, 2022, and the introduction of a new ESG alignment framework. The committee approved rebalancing recommendations for the portfolio, including specific capital commitments to new funds and redemptions from existing ones, and approved an additional commitment to a private investment impact fund.

The committee meeting addressed several operational business items including the Iranian Center matching gift, the support letter for the Doctor in Nursing program, and the ratification of a quasi-endowment. Discussions were also held regarding a bylaws amendment, the Mashouf Wellness Center, a committee chairs appreciation event, and campus climate and community relations. Furthermore, the committee reviewed the agenda for the upcoming September board meeting and received reports from the Investment Committee, Committee on Directors, Audit Committee, Advocacy Committee, Campaign Cabinet/Development Committee, and the Committee on Athletics.