California State University The Foundation SAN MARCOS The CSUSMI Foundation California State University San Marcos 333 S.Twin Oaks Valley Road San Marcos, CA 92096-0001 Tel: 760.750.4400 Tax ID: 80-0390564 w.cusm.edufounditon MEMORANDUM DATE: June 28, 2023 TO: Campus Community FROM: CSU San Marcos Foundation Board of Directors SUBJECT: Amendment to the Marchi 17, 2021 Public Attendance at Board Meetings Memorandum Pursuant to California Education Code 89920-28, the California State University San Marcos Foundation Board establishes thei following protocol for public attendance at meetings of the CSUSM Foundation Board of Directors: 1. Members of the public (excepting agenda-topic presenters) attending a meeting should arrive early and introduce themselves to Foundation staff before the meeting convenes. 2. Those wishing to attend and comment on a Foundation matter or agenda topic should contact Foundation stafffor a Comment Request Slipt to be completed and returned to the Board Secretary. Comment requests are encouragedto be submitted one week in advance ofthe meeting date. 3. The Chair will call upon those requesting to comment during a Comment Period. 4. Comments shall be limited to one (1) minute. A meeting held by remote means requires those called upon for comment to activate both audio and video features oft the connection. 5. The Board may or may not respond to comments. 6. Advanced expressed written consent ofthe Board is requiredi to record video or audio in the meeting - one week prior to the meeting. 7. Contact Foundation staff at oundaton@csusMadu to request a Comment Request Slip. Steven Pwagney 4o0uao Berger Steven P. Wagner(Jun2 28, 17:04PDT) Steven P. Wagner Jessica M. Berger Chair ofthe Board Executive Director May 24, 2023 amended March 17, 2021 memorandum to allow for one (1) minute for public comment. California State University The : Foundation SAN MARCOS The CSUSM Foundation California State University San Marcos 333 S.Twin Oaks Valley Road San Marcos, CAS 92096-0001 Tel:760.750.4400 Tax ID: 80-0390564 wwwcusmedufoundaton Finance and Investment Committee AGENDA Monday, March 10, 2025 - Meeting: 3:30 pm = 5:00 pm Zoom Meeting Call to Order - Finance and Investment Committee Chair, Taylor Sutherland I. Public Comment - Chair Sutherland II. Investment and Distribution of Endowment and Similar Funds Policy Statement Review (attachment) - Chair. Sutherland III. Investment Performance Review A. Endowment and Non-Endowment period ending December 31, 2024 (attachment) - Bob Cluck and Jason Levy B. Supplemental Presentation (attachment) - Bob Cluck and Jason Levy New CPI + 4% Benchmark IPS Appendices A, B, and C Review 2025 Capital Market Assumptions and Estimated Expected Returns Estimated Cost Study BlackRock Emerging Markets Review C. Pardee Endowment Period ending December 31, 2024 (attachment) - Deborah Davis and Claire Hill IV. Approval of Meeting Minutes - Chair Sutherland A. November 25, 2024 - Finance and Investment Meeting Minutes (attachment) V. 2023-24 CSU Donor Support Appendix Tables (attachment) - Jessica Berger A. See page 18 for CSUSM's story of giving highlighting Price Philanthropies Foundation's $10 million grant to create a groundbreaking three-year accelerated bachelor's degree and workforce pipeline specifically for behavioral and mental health which a portion was matched by the Epstein Family Foundation's $10 million gift. B. See page 40f for Philanthropic Productivity C. See page 481 for Endowment comparisons VI. Endowment Spending Allocation Fiscal Year 2025/2026 - Deborah Davis A. Spending Rate Options (attachment) VII. Student Run Investment Fund Update Dongnyoung Kim VIII. Financial Statements - Deborah Davis A. Period ending December 31, 2024 (attachment) IX. Fundraising Progress - Jessica Berger A. Campaign Progress Update B. Finance Lab Opportunity (attachment) C. Board of Trustee Presentation on Scholars in Wellness and Innovation Fast Track (SWIFT) (link) D. CSU Budget Update Op-Ed co-authored by President Neufeldt and Mark Cafferty, President & CEO ofthe San Diego Regional EDC in The San Diego Union Tribune Opinion: Cutting CSU budget would hurt students, the economy CalMatters article: Gutted courses, fewer majors, faculty layoffs: Who will feel Cal State's 8% budget cut? Finance and Investment Committee Meeting Dates: Monday, June 9, 2025 from 3:30 - 5:00 pm Monday, September 8, 2025 from 3:30 - 5:00 pm Monday, November 24, 2025 from 3:30 - 5:00 pm CSUSMI Foundation, Finance & Investment Committee March: 10, 2025 Page 2 of2