Foundation Annual Report
1,310
Individual Donors
$37,866,919
Total dollars raised
800
Alumni Donors
“We are deeply grateful to our supporters who have powered CSU Channel Islands’ growth as a transformative regional university, providing upward social mobility for over 27,000 alumni — 61% of whom were the first in their families to attend college.”
–CSU Channel Islands Foundation Board Chair Dr. Mark Lisagor
Donor Impact
A Academic Programs $854,686
B Student Financial Aid $6,579,980
C Capital Improvements $1,306,106
D Research $360
E Other Restricted $29,007,055
F Unrestricted $118,733
TOTAL: $37,866,919
Donor Groups
A Foundations $587,136
B Other Individuals $36,099,710
C Corporations $1,044,295
D Other Organizations $118,216
E Parents $5,219
F Alumni $12,344
TOTAL: $37,866,919
Foundation Board
Mark Lisagor
Chair
Lois Rice
Vice Chair
Chris Meissner
Secretary
Barbara Rex
Treasurer (ex-officio)
Cheryl Broome
Armando Casillas
Charles “Chuck” Cohen
Kevin Cruz
Linda Dullam
Christine Garvey
Betsy Grether
Bill Kearney
Richard LeRoy
(ex-officio)
Martin “Marty” McDermut
Rudy Pereira
Lynn Pike
Irene Pinkard
Richard B. Rogers
Philip Ruston
Cari Shore
Michael Soltys
Faculty Representative
Itzel Tena-Ortiz
Student Representative
Peter Wollons
Richard Yao
University President
Zohar Ziv
The Year in Review
The CSU Channel Islands Foundation had its largest philanthropic fundraising year to date in fiscal year 2022 (July 1, 2022, to June 30, 2023), with more than $37.8 million in total gifts, representing an increase of 130% over the previous year.
“We are deeply grateful to our supporters who have powered CSU Channel Islands’ growth as a transformative regional university, providing upward social mobility for over 27,000 alumni — 61% of whom were the first in their families to attend college,” said CSU Channel Islands Foundation Board Chair Dr. Mark Lisagor. “Your generosity will be repaid many times over as CSUCI graduates change the trajectory of their lives and positively impact the future of our region.”
State funds alone cannot provide for all the costs associated with providing a life-changing education to our students. The CSUCI Foundation is a catalyst for that process and a conduit through which gifts and endowment income flow to provide immediate and long-term support to the University. As of June 30, 2023, the Foundation’s total assets were $94.2 million, which represents a growth of 265% over the past four years.
During the 2022-23 fiscal year, the Foundation’s Board of Directors also welcomed four new members — Martin McDermut, Armando Casillas, Philip Ruston, and Rudy Pereira — and thanked Henry DuBroff for 12 years of distinguished service.
A Look at the Endowment
Endowment Value on June 30
$34.7 M
The Foundation manages CSUCI’s endowment funds with the intent of generating additional income from the philanthropic gifts given to the University. As of June 30, 2023, the Foundation’s endowment had a value of $34.7 million. The endowment paid out $874,717 in 2022-23, directly supporting scholarships and academic initiatives such as student research.
Support of Academic Initiatives
$874,717
{A Look back at the year in giving }
2023
Some philanthropic highlights of the year included:
- A $30 million unrestricted gift from the estate of longtime supporters Philippe and Arlette Larraburu that was the single-largest donation in CSUCI’s 21-year history.
- A $5.2 million gift from the Jeff T. Green Family Foundation, which will provide scholarships of $20,000 over four years to approximately 250 first-generation, Pell-eligible students.
- A $2 million anonymous planned gift.
- A gift of $501,000 from the Yardi Foundation that will provide renewable full-tuition scholarships for at least 20 first-generation students at CSUCI over the next decade.
- A gift of $300,000 over three years from the TOLD Foundation that will significantly expand internship opportunities for students.
- A $200,000 donation from the Bill and Joanne Miller Charitable Trust supporting paid research assistant positions for undergraduate students engaged in faculty-driven research or creative activities with a faculty mentor.