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California State University Northridge Endowment Fund

Name: California State University Northridge

Assets Under Management: $564 Million (Source: California State University Northridge on 8/6/2014)

Annual Report: California State University Northridge Financial Statements June 30, 2013

Portfolio Insights: “Total gift income for the University and the discretely presented component units (which includes operating and capital gifts, as well as additions to permanent endowments) reached $274.3 million, or 3.4% of the reporting entity’s total revenues in fiscal year 2013. It increased $74.8 million or 37.5% from $199.5 million in 2012. Gifts are used to support a variety of projects, including capital improvements, scholarships, and endowments for various academic and research programs.” (Source)

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Top California State University Northridge Endowment Fund Headlines:

1) The WISE Board serves as an advisory group for the Bonita J. Campbell Endowment for Women in Science and Engineering (WISE) that helps in guiding future and present women in career endeavors in the fields of engineering, math and science. This is accomplished by serving as a communication central node to local, nationwide, and worldwide active organizations in these fields. We act as an advisory committee to improve the understanding, appreciation, and recognition of Women’s contributions in these technical fields. We also support the occupational growth of women within the math and science industries. The board provides advice on the expenditure of funds related to the endowment and in alignment with its goals. We look to maintain high levels of ethical, professional and educational standards with all those organizations seeking our guidance. (Source)

2) Dr. Cynthia Z. Rawitch, vice president of undergraduate studies, will be taking over the vice provost position at CSUN. Harry Hellenbrand, provost and vice president of academic affairs along with a search and screening committee appointed Rawitch to the position, which she will begin in August. Rawitch said she is happy to start her new position. “I never in a million years thought I would be involved in central university administration,” Rawitch said. Hellenbrand said this new appointment came about for two reasons. “The assistant provost (Jerry Leudders) is moving out of the office to help with the Valley Performing Arts Center and that creates a gap,” Hellenbrand said. He said there is a lot of work that flows through the provost’s office. “We really need a couple people staffing it to make it work well,” Hellenbrand said. As vice provost, Rawitch would help Hellenbrand in the daily workings of the campus regarding education, he said. (Source)

3) Dr. Dianne F. Harrison is the fifth president of California State University, Northridge and began her appointment in June 2012.  Before her appointment, she served as president of California State University, Monterey Bay, a position she had held since 2006. Prior to CSU Monterey Bay, she worked at Florida State University, where she served for nearly 30 years in various capacities starting as a faculty member, then as dean of social work, associate vice president for academic affairs, dean of graduate studies and vice president for academic quality and external programs.

Known for her commitment to students, academic excellence and comprehensive development, President Harrison has a reputation for building strong partnerships with public and private organizations, enabling students, faculty and staff to cross institutional boundaries and engage in innovative instruction.

Since her appointment, Dr. Harrison has identified seven key priorities for Cal State Northridge: 1) an unrelenting focus on student success; 2) focus on employees for success; 3) the visibility and reputation of the university; 4) planning for a future less dependent on state funding; 5) increasing research activity and sponsored programs; 6) sustainability; and 7) using athletics as a tool for engagement. (Source)

4) The College of Business and Economics says they will spend the donation made last year by David Nazarian to fund a slew of new programs, including new classroom technologies, a reinvigorated real estate program and an new minor.

Nazarian has pledged to give the $10 million donation to the college over the coming years and has also promised to help raise an additional $15 million from other sponsors the returns from which would be used in perpetuity.

“He’s bringing a lot of his networks to the table and [is] just being incredibly generous, not only with his resources but also with his time,” said Kenneth Lord, dean of CSUN’s business college. (Source)

5) A $10 million cash gift from David Nazarian to the College of Business and Economics will be used for entrepreneurship, student mentoring, real estate and professional development CSUN President Dianne F. Harrison announced at the California State University (CSU) Board of Trustees meeting Tuesday.

The donation will be coupled with a pledge to raise $25 million and renaming the college to the David Nazarian College of Business and Economics.

“On behalf of the entire Cal State Northridge community, first I would like to thank David Nazarian for his philanthropy and leadership,” Harrison said. “His leadership of a $25 million initiative launched with his personal gift of $10 million. The renaming of the college will have a transformative impact. His involvement will make a good college of business and economics great.” (Source)

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