University Foundation Board Aids Campus With Special Endowment Awards

FOR IMMEDIATE RELEASE
Date: 07-26-2016

CONTACT: Joe Wills, Public Affairs
530-898-4143

Nineteen programs and projects throughout California State University, Chico will benefit this year thanks to a new campus award sponsored by the University Foundation Board of Governors. 

The Special Endowment Awards will assist CSU, Chico faculty and staff to create opportunities for students that go above and beyond what state funding can provide.

“Our University Foundation Board wants to help take our great University to the next level,” said Ahmad Boura, vice president for University Advancement. “This is the first time the board has created an award program for campus individuals and programs. These outstanding volunteers are helping create a culture of philanthropy on our campus that will make an enormous difference to our students.”

The awards range from $3,000 to $15,000 for purposes such as funding peer tutoring for underrepresented students in the College of Agriculture to purchasing quantum optics lasers and other equipment for the physics department.

The guidelines of the Special Endowment Awards specify that 70 percent of the awarded funds will support academic programs, 20 percent will build reserve funds for future endowments and/or board priorities and 10 percent will support student life programs.

The board invited campus community members to make proposals for awards this spring. Successful applicants were notified earlier this month.

The CSU, Chico president, provost and vice president for Academic Affairs, vice president for Student Affairs and college deans made recommendations to the board about which proposals to fund.

The total disbursement from the University’s endowment for the awards was more than $250,000. Awards in subsequent years will be approximately $126,000 annually. Requests for proposals for the next set of awards will be made in August.

Eight endowment funds valued at approximately $3 million are the source of the endowment awards. The donors of these gifts to the University have granted the University Foundation board the authority and discretion to make annual distributions from these funds to benefit campus programs.

“The board is privileged to play a role serving students and advancing the University through these special endowment awards,” said Mike Prime, chair, University Foundation Board of Governors. “We greatly appreciate the generosity of our donors, and their decision to make unrestricted gifts that can be used to assist a variety of programs across campus.”

One of the $15,000 awards was for a mediated, professional presentation and learning lab in the College of Communication and Education.  “Our mission in the College of Communication and Education is to prepare future community leaders who are skilled, informed and highly effective communicators across a wide variety of contexts and audiences,” said Dean Angela Tretheway. “This award will enhance our ability to provide students opportunities to hone those skills in a state-of-the-art, interactive and professional environment.”

“Our board members are committed to supporting Chico State’s strategic priorities and student success,” said Bob Kittredge, past chair, University Foundation Board of Governors. “It’s very gratifying to see how these new endowment awards are expanding areas of excellence at this University we care so much about. “

The University Foundation is the steward of gifts and endowments for the campus. The foundation was organized and incorporated as a nonprofit California corporation in 1940, with a mission to support and enhance campus projects and programs. In 1997, its function became solely philanthropic.