Endowment Gift Assets FY 07–08

The University Foundation has $32.1 million of its endowment invested in a carefully managed account under the advisement of Arnerich–Massena & Associates. The Foundation also holds an additional $2.5 million endowment invested with other professional managers.

The University Foundation maintains commitments in irrevocable charitable trusts and gift annuity accounts in excess of $16.1 million. The General Funds, Scholarships, and Chico State Funds are additional assets for which documented guidelines and procedures restrict the usage.

The Total Liabilities & Assets of the University Foundation exceed $67.9 million.

Total Assets 6-30-2008