Kimberly Allain

The committee meeting agenda included an update on the Student Managed Investment Fund (SMIF) Memorandum of Understanding, a presentation regarding the FY25-26 budget proposal, and an investment portfolio review conducted by representatives from Goldman Sachs.

The meeting included discussions on the FY25-26 endowment distribution, funding to initiate a new entity, and the Investment Policy Statement. Additionally, there was an investment portfolio review by Goldman Sachs representatives.

The strategic plan of the Philanthropic Foundation is centered around supporting the University's strategic initiatives by cultivating relationships and securing resources. It focuses on enhancing recognition of the Cal Poly Pomona Experience, increasing awareness of the Foundation's impact, and diversifying outreach. The plan aims to expand engagement in university life, develop a comprehensive fundraising campaign, and increase the value of the Foundation's portfolio, while managing investments with transparency and promoting the Foundation as the investment of choice.

The Black Thriving Initiative (BTI) at Cal Poly Pomona, launched in December 2022, aims to address anti-Blackness and promote inclusive excellence. It focuses on transforming the campus culture to ensure everyone can succeed and thrive. The initiative includes tracking Black student persistence, retention, and graduation rates, as well as gathering feedback on campus climate. BTI involves building capacity and consciousness through truth-telling, racial healing, awareness, education, investment, and accountability. It also leverages the institutional mission by reviewing policies through a racial and gender equity lens, engaging Black communities with divisional action plans, and establishing measures of success for cultural transformation.

The Board of Directors meeting included the introduction of new board members. Updates were provided on the Naming, Memorial, and Scholarship Gift Policy, and the President's report highlighted the safe return to campus, a significant $40 million gift from philanthropist MacKenzie Scott, and various markers of excellence. The Philanthropic Foundation Strategic Plan was updated, and committee chair reports covered development, finance and investment, nominating, and audit matters. An advancement update detailed fundraising highlights, and a campaign readiness assessment was presented. University highlights included a discussion on branding initiatives.