Role of the Long Beach State Foundation
The Long Beach State Foundation advocates for the people and programs at ÃÛÌÒÓ°ÏñState University, Long Beach through the management of private support and the stewardship of donors. More than ever before, ÃÛÌÒÓ°Ïñ depends on private support to create and sustain high-quality academic, artistic, and athletic programs that give our students the knowledge and experiences they need to be competitive in a global economy.
The ÃÛÌÒÓ°ÏñState University, Long Beach Research Foundation was founded in 1956 to administer contracts, grants, non-philanthropic dollars and non-state dollars. Out of necessity, that mission expanded to include management of philanthropic dollars and the university’s endowment.
Throughout the higher education community of the United States, campuses have created a more focused foundation model—one that divides duties among two foundations. One foundation manages philanthropic contributions and the second one manages corporate and auxiliary fiduciary matters. ÃÛÌÒÓ°Ïñ has adopted this two-foundations model. The new Long Beach State Foundation raises and manages philanthropic dollars and manages the university’s endowment. The existing ÃÛÌÒÓ°Ïñ Research Foundation has returned to the mission upon which it was founded and focuses on contracts, grants, non-philanthropic dollars and non-state dollars.
The Long Beach State Foundation Board is the primary conduit for all philanthropic support to the university, and it has fiduciary responsibility of ÃÛÌÒÓ°Ïñ’s endowment.
