University Foundation Adds New Board Members

FOR IMMEDIATE RELEASE
Date: 09-04-2007

Joe Wills
Public Affairs
530-898-4143

The University Foundation, California State University, Chico, named two new board members at its most recent meeting in June for three-year terms.

Mark Francis is president and CEO of Golden Valley Bank in Chico. He is active in the community, serving on the Board of Directors of the Chico Chamber of Commerce, the Building Industry Association and as a member of Chico Rotary. He, along with his parents and a brother and sister, graduated from CSU, Chico.

Ed Hilbert is a retired partner of Deloitte & Touche and resides in Granite Bay. He and his wife, Geri, have had a long association with the University and generously established the Chris Hilbert Outstanding CSU, Chico Friend Award to honor their son, who died in an accident in 1994 while attending CSU, Chico.

In addition to Francis and Hilbert, the University Foundation also named Tod Kimmelshue and Robert Kittredge to the board in December 2006 to three-year terms.

Kimmelshue is regional vice president of Northern California Farm Credit and a member of California Farm Bureau Federation’s Board of Directors. He is also a member of Durham Rotary and past president of the Chico Chamber of Commerce. A Cal Poly, San Luis Obispo graduate, he is part of a local agricultural farming family in the Chico-Durham area that grows almonds, walnuts and dry beans.

Kittredge grew up in Chico and is a CSU, Chico alumnus with a degree in accounting. He retired from his position as the Sacramento office managing partner for PricewaterhouseCoopers, an international professional services firm. He began life-long involvement with the Boy Scouts of America as a Cub Scout, becoming an Eagle Scout and adult volunteer, and has served as chairman of the board of the Golden Empire Council. Kittredge is past treasurer of the CSU, Chico Alumni Association Board and was named in 1995 as the College of Business distinguished alumnus.

This year’s board chair is Scott Chalmers, a Chico resident and president of RSC Associates, Inc. The new board vice chair is Richard Matson, a Chico attorney. Both terms are for one year.

The new chair of the Finance and Investment Committee is Valene Posey, CSU, Chico professor emerita. The new chair of the Nominations Committee is Jim Postma, the faculty representative to the board. Richard Matson will continue to chair the Major Gifts and Planned Giving Committee.

Postma, Department of Chemistry, was reappointed to a one-year term on the board as the faculty representative. A new student representative will be appointed to the board later this month.

The University Foundation was organized and incorporated as a nonprofit California corporation in 1940 to support and enhance campus projects and programs for which state funding is insufficient or not available. In 1997, the University Foundation’s function became solely philanthropic and as such administers bequests, charitable trusts, special gifts, charitable gift annuities, scholarships, endowments and donor-advised funds. The University Foundation administers the University’s gift and endowment programs.

Responsibility for the governance of the University Foundation is vested in the Board of Governors, which includes lay members, senior campus administrators, a faculty member and a student. The board meets quarterly on the CSU, Chico campus.

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