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California Polytechnic State University & Foundation Endowment Fund

Name: Cal Poly Foundation

Assets Under Management: $233.5 Million (Source: California Polytechnic State University & Foundation on 6/30/2013)

Annual Report: California Polytechnic State University Foundation Audited Financial Statements and Supplementary Schedules for Inclusion in the Financial Statements of the California State University Years Ended June 30, 2013 and 2012

Portfolio Insights: “The California Polytechnic State University Foundation (Foundation), a California Nonprofit Public Benefit Corporation, is an auxiliary organization of California Polytechnic State University, San Luis Obispo (University) and the California State University system (CSU). The Foundation is organized and operated in accordance with the Education Code of the State of California and the California Code of Regulations to provide and augment programs that are an integral part of the educational mission of the University.

The Foundation holds approximately 730 individual endowments which are managed in a unitized investment pool. Investment earnings and related expenses are allocated based upon each individual endowment’s unit market value.” (Source)

Our team, the Endowment Fund Association (EFA) and is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top California Polytechnic State University & Foundation Endowment Fund Headlines:

1) Cal Poly Arts maintains an Endowment Fund built from many years of support for our programming endeavors.  These funds come primarily from individuals and foundations interested in sustaining long-term organizational goals.

The purpose of the Endowment Fund is to perpetuate Cal Poly Arts’ capacity to serve the Central Coast as a diverse, high-quality arts presenter for decades to come. It is designed to generate a reliable, predictable source of income for Cal Poly Arts that will not fluctuate with ticket sales and the economy.

Currently, income from our $500,000 endowment provides the organization with approximately $25,000 in annual income. While this is not an insignificant amount, it represents only 1.3% of our $1.8M annual operating budget.  In order to ensure the long-term health and success of Cal Poly Arts, the Endowment Fund should be supplying 10% of our annual budget. (Source)

2) California Polytechnic State University or California Polytechnic State University, San Luis Obispo, also known as Cal Poly San Luis Obispo or Cal Poly, is a public university located in San Luis Obispo, California, United States. Founded in 1901 as a vocational high school, it is currently one of only two polytechnic universities in the 23-member California State University system. Comprising six distinct colleges, the university offers 147 bachelor’s degrees, 49 master’s degrees, and 7 teaching credentials. The university does not confer doctoral degrees.

Cal Poly is a member of the American Association of State Colleges and Universities (AASCU) and the National Association of State Universities and Land-Grant Colleges. Cal Poly is known for its “learn by doing” educational philosophy that encourages students to solve real-world problems by combining classroom theory with experiential laboratory exercise. Cal Poly is one of four California State Universities that participate in the Big West Conference in athletics. (Source)

3) William H. Swanson graduated magna cum laude from Cal Poly in 1972 with a bachelor’s degree in industrial engineering. He retired in October 2014 from Raytheon Company where he held the position of Chairman and CEO. Swanson is a member of the Congressional Medal of Honor Foundation board, the NextEra Energy, Inc., board and is vice chairperson of the John F. Kennedy Library Foundation board of directors. He serves on the Executive Committee of the Business-Higher Education Forum. Swanson is also active in the field of education as a member of the Cal Poly President’s Cabinet and the University of Massachusetts President’s Advisory Council, as well as the honorary chair of MATHCOUNTS®. He was selected as the 1991 Cal Poly College of Engineering Honored Alumnus and received an honorary Doctor of Science degree from Cal Poly in 2005. (Source)

4) Cal Poly fosters teaching, scholarship, and service in a Learn by Doing environment in which students, staff, and faculty are partners in discovery. As a polytechnic university, Cal Poly promotes the application of theory to practice. As a comprehensive institution, Cal Poly provides a balanced education in the arts, sciences, and technology, while encouraging cross-disciplinary and co-curricular experiences. As an academic community, Cal Poly values free inquiry, cultural and intellectual diversity, mutual respect, civic engagement, and social and environmental responsibility. (Source)

5) The Cal Poly golf program raised $210 during the Patriot Golf Day putting tournament held August 26 at the Avila Beach Golf Resort.

The event was a benefit for the Folds of Honor Foundation, which provides post-secondary educational scholarships for children and spouses of military service men and women killed or disabled while serving our nation. To date, more than 2,600 scholarships have been awarded by the Folds of Honor Foundation.

“For this generation and those to come, we will accomplish our mission through fundraising, partnerships and alliances with other patriotic organizations and foundations as well as through the generosity of donors like the Cal Poly golf program,” said Major Dan “Noonan” Rooney, founder and chief executive officer of the Folds of Honor Foundation. (Source)

About Richard C. Wilson