Endowment Gift Assets FY 05–06

The University Foundation has $28.6 million of its endowment invested in a carefully managed account under the advisement of Arnerich-Massena & Associates. The Foundation also holds an additional $1.7 million invested with other professional managers.

The University Foundation maintains commitments in various irrevocable charitable trusts and gift annuity accounts totaling $16,168,600. The General Funds, Scholarships, and Chico State Funds are additional assets for which documented guidelines and procedures restrict the usage. After accounting for liabilities, the Net Assets of the University Foundation exceed $45.6 million.

Total Assets 6-30-2006