Irvine Valley College

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.

The agenda includes the ratification of expenditures and contracts, a finance report covering a general update and tax return, and reports from the Board Development Committee regarding the board slate and member absenteeism. Additionally, the committee will discuss upcoming events including a scholarship ceremony, Giving Day, and the Celebrating Excellence event.

The committee discussed and approved the forwarding of expenditures from May 1, 2025, to June 30, 2025, to the executive committee for ratification. Financial reports ending June 30, 2025, were reviewed and approved pending potential adjustments before being forwarded for executive committee review. The meeting included an investment update, a 2024-2025 fiscal year recap noting record contributions and growth, and a review of 2025-2026 goals, including conducting a ROI analysis and forming an audit subcommittee. Updates on upcoming gifts and grants for the computer science program and MESA scholarships were also presented.

The committee meeting agenda includes the ratification of expenditures, an investment update, and a review of the organization's financials. Additionally, the committee will conduct a review for tax return approval and establish talking points for the Board. The committee is also focused on goals regarding an ROI analysis on foundation funds, the formation of an audit subcommittee, and the implementation of management and operating reports from Banner.

The committee approved the forward motion of expenditure reports for the period of July through September 2025 and contracts dated between August and November 2025 to the Board of Governors. Finance reports indicated a focus on future hedge fund investments, a successful audit process, and an endowment balance exceeding $3.2 million, with the 2024-2025 audit being forwarded for board approval. Additionally, the committee discussed recruitment strategies for new board members, reviewed a Giving Day summary which raised $179,862, and outlined categories for the upcoming Celebrating Excellence awards along with a schedule for future foundation events.