Parker Davis

The committee meeting agenda includes a finance report, updates from the Board Development Committee regarding prospective members, board renewals, and member absenteeism, the discussion of the 2026-2027 PRO IVC pool, preparations for a summer retreat, and an overview of upcoming events such as Giving Day, the Celebrating Excellence event, and the Scholarship Ceremony. Additionally, the committee will handle expenditure and contract ratifications.

The committee meeting agenda included the ratification of expenditures, an investment update, and a review of financial reports. Additionally, the committee discussed a PRO IVC Pool recommendation and developed talking points for the Board. The committee also outlined its goals, which include conducting an ROI analysis on Foundation funds, forming an audit subcommittee, and establishing management and operating reports from Banner.

The board meeting covered several key agenda items, including the ratification of expenditures from May through June 2025 and an update on financial reporting procedures following the implementation of a new system. The Board Development Committee reported on board matrix updates and recruitment efforts. A recap of the previous fiscal year highlighted a record-setting performance in total assets and contributions, alongside a successful RFP for a new investment advisor. Future opportunities were discussed, including a major classroom naming gift, a computer science program bequest, and scholarship funding. The President's update provided information on record enrollment figures, campus construction projects, and significant new grant funding from the Samueli Foundation. The meeting also featured an overview of the MESA Spark Program and planning for the upcoming Celebrating Excellence event.

The committee reviewed and approved the forwarding of expenditures from March 1, 2025, to April 30, 2025, to the executive committee. An update on current investments was provided by Bank of America representatives. The committee also approved the forwarding of the financials ending April 30, 2025, for executive committee approval. Additionally, recommendations were made to increase the 2024-2025 PRO IVC pool to $60,000 and to establish a $60,000 pool for the 2025-2026 fiscal year. The committee set goals for the 2025-2026 period, including ROI analysis, the formation of an audit subcommittee, and the implementation of management and operating reports from Banner, while noting that the endowment recently exceeded $3 million.

The committee meeting agenda included an investment update, a review of financial statements, and a proposed update to the stewardship fee. Additional discussion points involved generating talking points for the Board and reviewing committee goals, which include performing an ROI analysis on foundation funds, forming an audit subcommittee, and establishing management and operating reports from Banner.