2019-11-21T20:27:17-06:00 2019-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2018-07-01 956123757 CALIFORNIA STATE UNIVERSITY FOUNDATION CALI 5629514810 401 GOLDEN SHORE LONG BEACH CA 90802 AARON J MOORE CFO 5629514810 2019-11-20 1 DONITA M JOSEPH P00286656 5624351191 2019-11-20 66.215.11.242 2019-11-20 13:48:32 PS P 5D04C9354A80B93E424F24406112F0168D52D17D 4221CC0D64457BC912EA47DC991E0F7C2D0FD11F 2018 2020-03-31 21:24:44Z X GARRETT P ASHLEY 401 GOLDEN SHORE LONG BEACH CA 90802 19293358 0 X HTTP://WWW.CALSTATE.EDU/FOUNDATION/ X 1962 CA THE MISSION OF THE CALIFORNIA STATE UNIVERSITY FOUNDATION IS TO ENHANCE THE EDUCATIONAL EXCELLENCE OF THE CALIFORNIA STATE UNIVERSITY IN TEACHING, LEARNING, COMMUNITY SERVICE, AND APPLIED RESEARCH. 17 16 0 16 38415 32784 7629215 9217533 25041 24867 1722567 1406315 164693 155266 9541516 10803981 6433526 5516595 0 0 16148 0 0 0 3584 768699 1092403 7218373 6608998 2323143 4194983 39390827 44675277 6767376 8343196 32623451 36332081 X ESTABLISHED IN 1962, THE FOUNDATION IS THE CENTRAL FOUNDATION FOR THE CALIFORNIA STATE UNIVERSITY (CSU) SYSTEM AND SERVES THE OFFICE OF THE CHANCELLOR. THE FOUNDATION EXISTS TO SUPPORT EXCELLENCE IN TEACHING AND LEARNING, AND TO SERVE THE NATIONAL, STATE AND REGIONAL INTERESTS OF THE UNIVERSITY. THE CSU FOUNDATION IS COMMITTED TO ENHANCING AND PROMOTING THE CSU AS A LEADER OF VALUE AND QUALITY IN HIGHER EDUCATION. 0 0 3899618 3899618 SUPPORT OF MAJOR CSU INITIATIVES SUCH AS IMPROVING THE GRADUATION RATE AND TEACHER PREPARATION THROUGH COLLABORATION WITH EXTERNAL FUNDERS. 1313099 338341 24867 THE CSU FOUNDATION SUPPORTED THE EDUCATIONAL AND GOVERNANCE ACTIVITIES OF THE 23 UNIVERSITY CAMPUSES, THROUGH REGULAR MEETINGS OF ITS TRUSTEES, PRESIDENTS, EMPLOYEES, AND ALUMNI LEADERS AS WELL AS PROVIDING EMPLOYEE RECOGNITION. THIS ALSO INCLUDES OPERATING AND MAINTENANCE EXPENDITURES FOR THE STATE UNIVERSITY HOUSE. 1278636 1278636 THE CSU FOUNDATION PROVIDED SCHOLARSHIPS TO 210 STUDENTS THROUGHOUT THE CSU SYSTEM. 6491353 1 1 0 0 0 0 0 0 1 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X ALICE KIM 5629514627 401 GOLDEN SHORE LONG BEACH CA 90802 RONALD R BARHORST CHAIR 1.00 X X 0 0 0 KRISTIN CRELLIN SECRETARY 1.00 X X 0 0 0 MICHAEL A LUCKI TREASURER 1.00 X X 0 0 0 MICHAEL LIZARRAGA VICE CHAIR 1.00 X X 0 0 0 HECTOR V BARRETO DIRECTOR 1.00 X 0 0 0 PETER BRIGHTBILL DIRECTOR 1.00 X 0 0 0 RONALD FONG DIRECTOR 1.00 X 0 0 0 GEORGE M MARCUS DIRECTOR 1.00 X 0 0 0 ALI C RAZI DIRECTOR 1.00 X 0 0 0 SHARI M SLATE DIRECTOR 1.00 X 0 0 0 RODNEY K SPACKMAN DIRECTOR 1.00 X 0 0 0 JACQUELINE TRAPP DIRECTOR 1.00 X 0 0 0 DONNA UCHIDA DIRECTOR 1.00 X 0 0 0 GADDI H VASQUEZ DIRECTOR 1.00 X 0 0 0 SCOTT WELLS DIRECTOR 1.00 X 0 0 0 GILLIAN A WRIGHT DIRECTOR 1.00 X 0 0 0 TIMOTHY P WHITE EX-OFFICIO/CHANCELLOR 2.00 70.00 X 0 465599 158460 GARRETT P ASHLEY PRESIDENT 3.00 57.00 X 0 288767 105442 LORI A REDFEARN VICE PRESIDENT 8.00 32.00 X 0 203393 79153 AARON J MOORE CHIEF FINANCIAL OFFICER 16.00 24.00 X 0 113876 42871 WENDY CHAVIRA GARCIA ASSISTANT SECRETARY 16.00 24.00 X 0 76223 40786 0 1147858 426712 0 0 1 0 0 711568 8505965 314 9217533 MEETING REGISTRATION FEES 900099 24867 24867 24867 762959 38415 724544 9132733 8489377 643356 643356 643356 ADMINISTRATIVE FEES 900099 141484 141484 MISCELLANEOUS 900099 13782 13782 155266 10803981 180133 38415 1367900 4037959 4037959 1478636 1478636 1185 1185 34400 34400 29809 29809 17654 17654 38934 38934 3552 3552 73369 73369 619433 606814 12619 5307 5307 OTHER EXPENSES 265176 234435 30741 FUNDRAISING 3584 3584 6608998 6491353 114061 3584 2127631 5218176 1233636 2035881 2000 240 30796687 30033473 5084436 7206186 146437 181321 39390827 44675277 17448 418920 6435493 7705585 314435 218691 6767376 8343196 X 4879264 4995850 12314558 15635691 15429629 15700540 32623451 36332081 39390827 44675277 4194983 -492353 6000 0 X 0 1 X 1 0 X 2157638 3458264 5423211 7629215 9217533 27885861 290523 258794 298944 329797 357741 1535799 2448161 3717058 5722155 7959012 9575274 29421660 10778643 18643017 1343566 409506 681003 636267 724544 3794886 1356 38415 39771 123099 164002 131513 163337 155266 737217 33993534 114773 0.54840 0.50230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 25070216 321271 781457 891499 20019 155129 25106297 23614906 349777 1970775 714169 26021 125052 25070216 19183856 2700731 2529395 783656 15420 23614906 19827878 723403 -594891 736666 35868 19183856 19539352 731715 209096 622564 29721 19827878 0.01000 0.62000 0.37000 0 0 0 VENTURE CAPITAL AND PARTNERSHIPS 51038 F ALTERNATIVE INVESTMENTS 7155148 F 7206186 OTHER PAYABLES 124904 ALUMNI COUNCIL LIABILITY 93692 OTHER CURRENT LIABILITIES 95 218691 X 10645560 -492353 363741 -128612 10774172 29809 29809 10803981 6936930 357741 357741 6579189 29809 29809 6608998 PART IV, LINE 2B: THE FOUNDATION ADMINISTERS CHARITABLE GIFT ANNUITIES FOR VARIOUS CALIFORNIA STATE UNIVERSITY (CSU) CAMPUSES. THE FOUNDATION ACTS AS AN INTERMEDIARY FOR THE CAMPUSES AND ADMINISTERS THE CHARITABLE GIFT ANNUITIES FOR AN AGREED-UPON PERCENTAGE OF THE RESIDUUM. PART V, LINE 4: EACH OF THE FOUNDATION'S ENDOWMENTS HAS BEEN ESTABLISHED TO SUPPORT A SCHOLARSHIP OR PROGRAM FUND RECORDED IN TEMPORARILY RESTRICTED NET ASSETS. PART V, LINE 1F: FOR 2017-18, THE CSU FOUNDATION CHANGED WHAT ITEMS ARE INCLUDED IN ADMINISTRATIVE EXPENSES FOR ENDOWMENTS. IN PRIOR YEARS, ONLY INVESTMENT MANAGEMENT FEES WERE INCLUDED. BEGINNING IN 2017-18, WE ALSO INCLUDED OUR INTERNAL ENDOWMENT MANAGEMENT FEE OF 0.50% CHARGED TO EACH ENDOWMENT ANNUALLY TO FUND THE ADMINISTRATIVE COSTS INCURRED BY THE FOUNDATION FOR MANAGING THE ENDOWMENT. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES ALUMNI RELATIONS EVENT 120924 0 0 0 0 0 0 120924 0 120924 0 0 0 0 0 0 1 TRUSTEES OF THE CSU 401 GOLDEN SHORE LONG BEACH CA 90802 954601267 TRUSTEES OF THE CSU 3647098 SEE SCHEDULE I, PART IV CAL POLY POMONA FOUNDATION 3801 W TEMPLE AVENUE BLDG 55 POMONA CA 91768 952417645 501(C)(3) 134844 TRANSFER OF GIFTS FOR CAL POLY POMONA ACCEPTED BY CSU FOUNDATION COLLEGE BRIDGE 15902 HALLIBURTON ROAD SUITE 243 HACIENDA HEIGHTS CA 91745 451215081 501(C)(3) 77250 SUBAWARD OF SOCAL EDISON'S MATH PIPELINE READINESS PROJECT CHICANO LATINO YOUTH LEADERSHIP PROJECT INC PO BOX 161566 SACRAMENTO CA 95816 943069819 501(C)(3) 20000 GOLD SPONSORSHIP OF CLYLP'S 36TH ANNUAL BANQUET CSU NORTHRIDGE FOUNDATION 18111 NORDHOFF STREET UNIVERSITY HALL 110 NORTHRIDGE CA 913308296 956196006 501(C)(3) 15112 CSU REAL ESTATE AND LAND USE INSTITUTE PROGRAM IMPROVEMENT GRANT TELACU EDUCATION FOUNDATION 5400 E OLYMPIC BLVD STE 300 COMMERCE CA 90022 954384333 501(C)(3) 15000 SPONSORSHIP OF TELACU'S BUILDING THE DREAM GALA AMERICAN ASSOCIATION OF HISPANICS IN HIGHER EDUCATION 1120 S CADY MALL STE B 275 TEMPE AZ 85287 300150324 501(C)(3) 10000 SPONSORSHIP OF AAHHE 2019 NATIONAL CONFERENCE CALIFORNIANS DEDICATED TO EDUCATION FOUNDATION 11501 DUBLIN BLVD SUITE 200 DUBLIN CA 94568 450676449 501(C)(3) 10000 SPONSORSHIP OF CA STEAM SYMPOSIUM CALIFORNIANS FOR PUBLIC HIGHER EDUCATION 2350 KERNER BLVD STE 250 SAN RAFAEL CA 94901 943015459 501(C)(3) 10000 CONTRIBUTION CSU SAN BERNARDINO 5500 UNIVERSITY PKWY SAN BERNARDINO CA 92407 330644150 CSU SAN BERNARDINO 10000 SPONSORSHIP OF LEAD SUMMIT X/ LEAD WEEK GREAT MINDS IN STEM 2465 W WHITTIER BLVD STE 202 MONTEBELLO CA 90640 954577359 501(C)(3) 10000 SPONSORSHIP OF HENAAC 30TH ANNIVERSARY GREAT MINDS IN STEM CONFERENCE ORANGE COUNTY VISITOR'S ASSOCIATION 19200 VON KARMAN IRVINE CA 92612 330872097 501(C)(4) 6000 FIRST INSTALLMENT OF SPONSORSHIP FOR OC VISITOR'S BUS TOUR AFRICAN AMERICAN MALE EDUCATION NETWORK AND DEVELOPMENT PO BOX 90781 SAN BERNARDINO CA 92427 711037144 501(C)(3) 5000 SPONSORSHIP OF 12TH ANNUAL AFRICAN AMERICAN MALE SUMMIT CHICO STATE UNIVERSITY FOUNDATION 25 MAIN ST UNIT 203 CHICO CA 95928 951230865 501(C)(3) 5000 SUPPORT FOR WILDCATS RISE WILD FIRE DISASTER RELIEF FUND CSU CHANNEL ISLANDS FOUNDATION 1 UNIVERSITY DR CAMARILLO CA 93012 770433230 501(C)(3) 5000 SUPPORT FOR ECHO YOU HEART DISASTER RELIEF FUND CSU LOS ANGELES UNIVERSITY AUXILIARY SERVICES INC 5151 ST UNIVERSITY DR GE BL314 LOS ANGELES CA 90032 954016653 501(C)(3) 5000 PAT BROWN INSTITUTE DINNER SPONSORSHIP IN HONOR OF CSU FOUNDATION BOARD OF GOVERNOR, GADDI VASQUEZ CSU SAN MARCOS FOUNDATION 333 S TWIN OAKS VALLEY RD C/O UNIVERSITY ADVANCEMENT SAN MARCOS CA 92096 800390564 501(C)(3) 5000 TRANSFER OF CISCO SPONSORSHIP FOR AMERICAN COUNCIL ON EDUCATION WOMEN'S LEADERSHIP FORUM LEADERSHIP CALIFORNIA FOUNDATION 253 N SAN GABRIEL BLVD STE 101 PASADENA CA 91107 680149768 501(C)(3) 5000 LEADERSHIP CA'S LEGACY OF LEADERSHIP GOLD SPONSORSHIP LOS ANGELES CHAMBER OF COMMERCE FOUNDATION 350 S BIXEL STREET LOS ANGELES CA 90017 952597392 501(C)(3) 5000 SPONSORSHIP OF LA CASH FOR COLLEGE 17TH ANNUAL COLLEGE AND CAREER CONVENTION NATIONAL ASSOCIATION OF PRESIDENTIAL ASSISTANTS IN HIGHER EDUCATION PO BOX 10390 CONWAY AZ 72034 760379482 501(C)(3) 5000 SILVER LEVEL SPONSORSHIP OF 2019 INTERNATIONAL CONFERENCE 17 SCHOLARSHIPS OR FINANCIAL ASSISTANCE 210 1278636 STIPENDS TO FACULTY AND ADMINISTRATORS 31 200000 PART I, LINE 2: THE CSU FOUNDATION RECEIVES FUNDS FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS TO MAKE GRANTS AND GIVE OTHER ASSISTANCE TO DOMESTIC ENTITIES. IN THESE CASES WE ADHERE TO THE ELIGIBILITY AND STANDARDS STIPULATED BY THE FUNDING SOURCES. WE ALSO PROVIDE SCHOLARSHIPS TO DOMESTIC INDIVIDUALS, AND ARE GUIDED BY THE SCHOLARSHIP FUNDING SOURCES ON THE ELIGIBILITY STANDARDS THEY ESTABLISH. IN COLLABORATION WITH FINANCIAL AID OFFICERS, WE REVIEW THE MATERIALS UPON SUBMISSION, AND ONCE SATISFIED THAT REQUIREMENTS ARE MET, MAKE SELECTIONS. THE FINANCIAL AID OFFICES ARE RESPONSIBLE FOR SEEING THAT STUDENTS MAINTAIN ENROLLMENT DURING THE SCHOLARSHIP PERIOD THEREAFTER. SCHEDULE I, PART II, TRUSTEES OF THE CSU, COLUMN (H) 890,000.00 JAMES IRVINE FOUNDATION GRANT - SPONSORED PROGRAMS 400,000.00 CHEVRON GRANT - SPONSORED PROGRAMS 544,056.00 S.D. BECHTEL FOUNDATION GRANT - SPONSORED PROGRAMS 711,568.00 CA DEPT. OF WATER RESOURCES GRANT - SPONSORED PROGRAMS 205,000.00 COLLEGE FUTURES FOUNDATION GRANT - SPONSORED PROGRAMS 275,000.00 BILL AND MELINDA GATES GRANT - SPONSORED PROGRAMS 250,000.00 LUMINA FOUNDATION GRANT - SPONSORED PROGRAMS 190,150.00 STUPSKI FOUNDATION GRANT - SPONSORED PROGRAMS 124,324.00 STATE HOUSE OPERATING AND EXECUTIVE HOUSING SUPPORT 22,000.00 CA HIGHER EDUCATION COLLABORATIVE CONFERENCE SPONSORSHIPS 10,000.00 FACULTY INNOVATION AWARD BACK TO ACADEMIC AFFAIRS 25,000.00 ROBERT/RUTH HALPERIN FOUNDATION GRANT - SPONSORED PROGRAMS ------------ 3,647,098.00 SCHEDULE I, PART III CSU FOUNDATION ADHERES TO THE STANDARDS AND REPORTING REQUIREMENTS STIPULATED BY THE FUNDING SOURCES FOR GRANTS TO DOMESTIC ENTITIES AND FOR SCHOLARSHIPS TO DOMESTIC INDIVIDUALS. X X 1 1 0 0 0 0 0 0 0 0 0 TIMOTHY P WHITE EX-OFFICIO/CHANCELLOR 0 449529 0 0 0 16070 0 130772 0 27688 0 624059 0 0 GARRETT P ASHLEY PRESIDENT 0 276215 0 0 0 12552 0 80154 0 25288 0 394209 0 0 LORI A REDFEARN VICE PRESIDENT 0 203135 0 0 0 258 0 59209 0 19944 0 282546 0 0 AARON J MOORE CHIEF FINANCIAL OFFICER 0 113822 0 0 0 54 0 32957 0 9914 0 156747 0 0 PART I, LINE 1A AT THE CHANCELLOR'S DISCRETION, EXECUTIVE STAFF MAY BE REIMBURSED FOR SPOUSAL TRAVEL EXPENDITURES WHEN THE SPOUSE PERFORMS OFFICIAL CSU DUTIES AND THE SPOUSE IS REGISTERED AS A CSU VOLUNTEER. THIS OCCURS AN INFREQUENT AMOUNT OF TIMES DURING THE YEAR. THE CALIFORNIA STATE UNIVERSITY HISTORICALLY HAS PROVIDED A UNIVERSITY OWNED HOME TO SERVE AS THE RESIDENCE OF THE CHANCELLOR. IN 1973 A HOME IN BEL AIR WAS DONATED FOR THIS PURPOSE (AT THE TIME, THE CSU OFFICE OF THE CHANCELLOR WAS LOCATED IN LOS ANGELES). SUBSEQUENTLY, THE OFFICE OF THE CHANCELLOR MOVED TO LONG BEACH AND, IN 1990, THE BEL AIR HOME WAS SOLD AND THE STATE UNIVERSITY HOUSE WAS PURCHASED IN LONG BEACH TO SERVE AS THE RESIDENCE OF THE CHANCELLOR. THE REMAINDER OF THE FUNDS AFTER THE PURCHASE WERE HELD IN TRUST FOR THE MAINTENANCE AND OPERATION OF THE STATE UNIVERSITY HOUSE. IN 2013, THE FUNDS HELD IN TRUST WERE TRANSFERRED TO THE CSU FOUNDATION FOR MORE EFFECTIVE INVESTMENT MANAGEMENT. THE CSU FOUNDATION PROVIDED AN ANNUAL DISTRIBUTION FROM THIS ENDOWMENT TO THE UNIVERSITY TO BE USED FOR OPERATING EXPENSES FOR THE STATE UNIVERSITY HOUSE. IN 2018, THE UNIVERSITY DETERMINED THAT IT WAS IN THE BEST INTEREST OF THE CSU TO SELL THE STATE UNIVERSITY HOUSE AND, INSTEAD, PROVIDE THE CHANCELLOR WITH AN ANNUAL HOUSING ALLOWANCE. AT ITS MEETING ON NOVEMBER 13-14, 2018, THE CSU BOARD OF TRUSTEES PASSED A RESOLUTION STATING: "THE CHANCELLOR SHALL RECEIVE A $7,917 MONTHLY HOUSING ALLOWANCE OF NON-STATE FUNDS TO SUPPLEMENT THE COST OF A RESIDENCE. THESE FUNDS ARE TO BE PAID BY THE FOUNDATION ENDOWMENT CREATED THROUGH AN ORIGINAL DONOR GIFT TO SUPPORT THE HOUSING AND HOSPITALITY-RELATED FUNCTIONS FOR THE CHANCELLOR OF THE CALIFORNIA STATE UNIVERSITY AND SUPPLEMENTED BY THE PROCEEDS OF THE SALE OF THE STATE UNIVERSITY HOUSE LOCATED IN LONG BEACH." IN ACCORDANCE WITH THESE ACTIONS, THE CHANCELLOR ENDED HIS RESIDENCY AT THE STATE UNIVERSITY HOUSE IN DECEMBER 2018. IT WAS DETERMINED THAT THE MOST APPROPRIATE WAY TO PAY THE HOUSING ALLOWANCE WAS THROUGH THE UNIVERSITY PAYROLL WITH THE UNIVERSITY BEING REIMBURSED BY THE CSU FOUNDATION. THE CSU FOUNDATION SUBSEQUENTLY TRANSFERRED $48,523.54 TO THE CSU TO COVER THE PERIOD FROM THE MOVE-OUT IN DECEMBER 2018 THROUGH JUNE 30, 2019. IN FUTURE YEARS, THE FULL ANNUAL AMOUNT WILL BE TRANSFERRED FROM THE CSU FOUNDATION TO THE UNIVERSITY EACH JULY. WHEN THE SALE OF THE STATE UNIVERSITY HOUSE IS FINALIZED, THE NET PROCEEDS WILL BE TRANSFERRED FROM THE UNIVERSITY TO THE CSU FOUNDATION AND ADDED TO THE CORPUS OF THE ENDOWMENT TO BE USED TO PAY THE HOUSING ALLOWANCE AND RELATED EXPENSES. PART I, LINE 1B THE CSU FOUNDATION ABIDES BY RESTRICTIONS OUTLINED IN THE INTEGRATED ADMINISTRATIVE MANUAL - HOSPITALITY POLICY, WHICH REQUIRES THAT THERE BE SUBSTANTIATION BEFORE EXPENSES OF AN INSIDER ARE REIMBURSED. PART I, LINE 3 THE CEO RECEIVES COMPENSATION FROM THE CALIFORNIA STATE UNIVERSITY, A RELATED ORGANIZATION. THIS COMPENSATION IS SET BY THE CALIFORNIA STATE UNIVERSITY BOARD OF TRUSTEES AND HIS ROLE AS CEO OF THE CSU FOUNDATION IS AFFIRMED BY THE CSU FOUNDATION BOARD OF GOVERNORS. THE CEO RECEIVES NO COMPENSATION FROM THE CSU FOUNDATION. COMPENSATION PAID BY THE FOUNDATION TO THE CHANCELLOR IS REVIEWED AND APPROVED BY THE ENTITY'S BOARD OF GOVERNORS, INDEPENDENT OF THE COMPENSATED ENTITY. THE PAYMENT OF THIS SUPPLEMENTAL COMPENSATION ENDED 12/31/17 BY RESOLUTION OF THE CSU BOARD OF TRUSTEES. BOARD OF TRUSTEES POLICY ON COMPENSATION SCOPE THIS POLICY GOVERNS COMPENSATION FOR ALL CALIFORNIA STATE UNIVERSITY (CSU) EMPLOYEES. GUIDING PRINCIPLES IT IS THE INTENT OF THE BOARD OF TRUSTEES TO COMPENSATE ALL CSU EMPLOYEES IN A MANNER THAT IS FAIR, REASONABLE, COMPETITIVE, AND FISCALLY PRUDENT IN RESPECT TO SYSTEM BUDGET AND STATE FUNDING. THE GOAL OF THE CSU CONTINUES TO BE TO ATTRACT, MOTIVATE, AND RETAIN THE MOST HIGHLY QUALIFIED INDIVIDUALS TO SERVE AS FACULTY, STAFF, AND EXECUTIVES, WHOSE KNOWLEDGE, EXPERIENCE, AND CONTRIBUTIONS CAN ADVANCE THE UNIVERSITY'S MISSION. THE CSU ADHERES TO COMPENSATION PRACTICES THAT ARE FAIR AND EQUITABLE IN DESIGN, APPLICATION, AND DELIVERY. IMPLEMENTATION THE CSU WILL CONSISTENTLY EVALUATE COMPETITIVE AND FAIR COMPENSATION FOR ALL EMPLOYEES BASED ON PERIODIC MARKET COMPARISON SURVEYS AND THE DEPTH OF SKILL AND EXPERIENCE OF AN INDIVIDUAL EMPLOYEE. IN ADDITION, THE CSU WILL MAINTAIN AND UPDATE ANNUALLY A TIERED LIST OF CSU COMPARISON INSTITUTIONS FOR APPLICABLE EMPLOYEE GROUPS. THE LIST MAY TAKE INTO ACCOUNT GEOGRAPHIC LOCATION, ENROLLMENT, PERCENT OF PELL ELIGIBLE STUDENTS, BUDGET, RESEARCH FUNDING, AND SUCH OTHER VARIABLES AS DEEMED APPROPRIATE. COMPENSATION WILL BE GUIDED WITH REFERENCE TO THE MEAN AND/OR MEDIAN OF THE APPROPRIATE TIER OF COMPARISON INSTITUTIONS, TOGETHER WITH AN INDIVIDUAL'S REPUTATION, AND LENGTH, DEPTH AND EFFECTIVENESS OF APPLICABLE EXPERIENCE, AND OTHER MERITORIOUS ACHIEVEMENT AND CONTRIBUTIONS TO THE SUCCESS OF THE CSU. THE COMPENSATION SYSTEM FOR THE CSU SHALL (A) BE ADMINISTERED IN A MANNER THAT COMPLIES WITH ALL APPLICABLE FEDERAL, STATE, AND LOCAL REGULATIONS AND LAWS, AND (B) BE CONSISTENT WITH APPLICABLE ADMINISTRATIVE POLICIES, RULES AND COLLECTIVE BARGAINING AGREEMENTS. PRESIDENTIAL COMPENSATION WHEN A PRESIDENTIAL VACANCY OCCURS, THE SUCCESSOR PRESIDENT'S SALARY SHOULD NOT EXCEED THE INCUMBENT'S SALARY BY MORE THAN 10%. ANY AMOUNT IN EXCESS OF THE INCUMBENT'S SALARY SHALL BE BASED UPON CRITERIA SUCH AS EXTRAORDINARY CIRCUMSTANCES, KNOWLEDGE AND/OR EXPERIENCE OR ABILITY TO CONTRIBUTE TO AND ADVANCE THE UNIVERSITY'S MISSION. ADDITIONALLY, AS OF JANUARY 1, 2018, A PRESIDENT'S SALARY CAN ONLY BE FUNDED WITH STATE FUNDS. THE CHANCELLOR SHALL HAVE AUTHORITY TO NEGOTIATE RECOMMENDED STARTING SALARIES FOR PRESIDENTS. THE CHANCELLOR SHALL PRESENT THE RECOMMENDED SALARY TO THE BOARD OF TRUSTEES FOR APPROVAL. PART II, LINES 1, 2, 3, AND 4 THE CHANCELLOR, PRESIDENT OF THE CSU FOUNDATION, VICE PRESIDENT OF THE CSU FOUNDATION, AND CHIEF FINANCIAL OFFICER OF THE CSU FOUNDATION RECEIVE COMPENSATION FROM THE CALIFORNIA STATE UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR THE REVIEW AND APPROVAL OF THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A FINAL COPY OF THE FORM 990 WILL BE FORWARDED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY CSU STAFF ARE ANNUALLY ASKED TO REVIEW AND AFFIRM THAT THEY HAVE NO CONFLICTS OF INTEREST AS DESCRIBED IN THE CONFLICT OF INTEREST POLICY STATEMENT. UPON THE IDENTIFICATION OF ANY CONFLICT, THE INFORMATION IS THEN FORWARDED TO THE EXECUTIVES OF THE BOARD AND APPROPRIATE ACTION IS TAKEN. THIS ACTION MAY RANGE FROM THE BOARD NOT APPROVING A CONTRACT BASED ON POTENTIAL CONFLICT TO REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE ENTITY DOES NOT HAVE A PROCESS FOR DETERMINING COMPENSATION FOR THE TOP MANAGAGEMENT OFFICIAL, OFFICERS, OR KEY EMPLOYEES AS THESE EMPLOYEES ARE NOT COMPENSATED BY THE ENTITY. THE ENTITY HAS NO EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, THE ARTICLES OF INCORPORATION, THE BYLAWS, THE IRS DETERMINATION LETTER, THE AUDITED FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE POSTED ON THE FOLLOWING WEBSITE: HTTP://WWW.CALSTATE.EDU/FOUNDATION/ CALIFORNIA STATE UNIVERSITY 401 GOLDEN SHORE LONG BEACH CA 90802 954601267 EDUCATION CA N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0