London Deguzman

This strategic plan, titled 'Future Directions,' reaffirms Cal State East Bay's values and aims to advance student success, social justice, and community improvement through engagement and innovation. The plan articulates five major priorities: enhancing student success, fostering fairness, inclusion, and a positive campus culture, developing responsive research and innovation, ensuring organizational excellence and financial sustainability, and strengthening outreach and engagement. The vision is to be a catalyst for student equity, lifelong learning, innovation, and educational success, amplifying upward mobility for all communities.

The meeting included an investment summary presentation from Morgan Stanley regarding the foundation's portfolios, market performance, asset allocation strategies, and the impact of the AI sector on investments. The board approved rebalancing recommendations and asset allocation adjustments. Additionally, the board reviewed the year-to-date operating budget results and accepted the final audited financial statements for the previous fiscal year, noting no audit findings. Finally, the board approved the slate of officers and board nominations.

The meeting included an investment summary, a review of the FY 24/25 operating budget YTD results, and approvals for the FY 25/26 budget and reserves, as well as a slate of officers and board nominations. The board was instructed to complete Conflict of Interest and Related Parties Questionnaires. There was also a discussion regarding Graystone's upcoming webinar on fundraising and fundraising campaigns for endowments and nonprofits.

The meeting included a financial portfolio report as of December 31, 2024, which highlighted the dominance of U.S. equities and vulnerabilities due to concentration and lack of diversification. There was a discussion on the board and audit committee requirements, including the frequency of meetings and the discussion of financial risk exposure. The FY 24/25 budget and actuals were reviewed, covering revenue and expenditure activities. The slate of officers and board nominations were approved, with Juleen Lam added as a Faculty Director for the 2024-2026 term. An update on the Pioneer Bookstore was requested for the next meeting's agenda.

The board meeting included an investment summary, a review of the FY 24/25 operating budget YTD results, and the approval of the FY 25/26 budget and reserves. The board also approved the slate of officers and board nominations and discussed the conflict of interest/related parties questionnaire. The meeting concluded with acknowledgments of service from outgoing board members.