Foundation - Auxiliary

Fresno State
Fo u n d a t io n
Annual Report
2012-13
t
en
em
at
St
n
sio
Mis
The Fresno State Foundation’s mission is to
advance the University’s strategic objectives
by encouraging philanthropy, inspiring
leadership and promoting
fiscal accountability.
Aspiring to Inspire
Inspired by the great talent of Fresno State’s faculty
and staff, our students are challenged to aspire to the
great value of their university experience. As a result of the
generous contributions of so many, Fresno State continues to
fuel innovation and stewardship, creating a new generation of
leaders to raise the standards of social, cultural and economic
excellence in the Central Valley and beyond. Valued donors like
you are the backbone of this continuum of success.
Thank you for your confidence and investment in the students, faculty
and programs of Fresno State. You are the inspiration for many to achieve
their highest potential for themselves, their families, and their community.
Letter from
President Emeritus
Welty
For more than 22 years it was my privilege to
lead Fresno State and my pleasure to work with
the accomplished, dedicated men and women
of the California State University, Fresno
Foundation.
The Foundation has been the quiet and faithful
steward of funds contributed by generous donors
and through grants or community partnerships
since its incorporation in 1931. Its Board of
Governors comprises some of our region’s most
dedicated, caring and accomplished residents.
The Fresno State Foundation helps open
educational and career opportunities for our
region’s diverse young people, a substantial
number of whom are the first in their families
to attend college. Not only does it safeguard
the investment of others, the Foundation also
is a catalyst for new programs and research,
new facilities, transformative philanthropy
and town-and-gown alliances that improve
the quality of life for all of us. Private support
has truly allowed the University to make a
difference in the lives of thousands of people
in our region.
This report details the difference that thousands
of our donors have made in the life of the
University.
To them and the Foundation, I offer my sincere
thanks.
John D. Welty
President Emeritus
California State University, Fresno
Letter from
President
Castro
As the first Valley native to serve as President, I
am inspired by the tremendous positive impact
of the California State University, Fresno
Foundation.
Wisely managing investments by generous
individuals, institutions, businesses and
government agencies, the Foundation has
opened educational opportunities for tens of
thousands of students. I have had the privilege
of meeting some of them who have become our
community leaders.
Many students have benefited from financial
assistance, research opportunities, distinguished
faculty and specialized training made possible
by the stewardship from community leaders
who serve on the Foundation’s Board of
Governors.
Now, as we create a broader and deeper
culture of philanthropy for Fresno State, the
Foundation is developing new ways to ensure
an even greater University to serve future
generations of students and help propel Fresno
State to new heights of achievement.
I am confident the Fresno State Foundation
will – as it always has – meet the new challenges
so our students and the community thrive.
Joseph I. Castro, Ph.D., M.P.P.
President
California State University, Fresno
H isto r y
“Don’t judge each day by the harvest you reap
but by the seeds that you plant.”
- Robert Louis Stevenson
It was May 19, 1922, when a group of six community leaders
were summoned to lunch by C.L. McLane, the president of
what was then known as the Fresno State Teachers College. He
solicited C. T. Cearley, H.E. Patterson, Guy Leonard, M.B.
Harris, George Osborne and Edwin Einstein to commit to
helping the 11-year-old college to acquire land on which to
grow.
They did just that and expanded their advisory role to
incorporate as the Fresno State Foundation in1931, with a
board of governors to become the formal guardian of Fresno
State’s philanthropic future and the official repository for all
private gifts coming into the University.
During its developmental years, the Foundation stewarded
scholarships for students; but its primary goal was to
raise money to acquire land and cultivate agriculture as a
cornerstone of Fresno State’s educational program. Early
Foundation board members – many of them connected to the
region’s farm industry – provided “seed” land, capital and their
influence to raise money.
Land acquisition was especially important in the post-World
War II boom in student enrollment. A 400-acre farm at the
deactivated Army Air Corps base at Hammer Field near what
is now the Fresno Yosemite International Airport was acquired
as was land for a new campus at what is now the Manchester
Center shopping center. Both were sold and the Foundation
engineered a deal that resulted in today’s 1,400-acre campus
along Shaw Avenue.
Fresno State’s first research grant of $1,074 in 1951
was transferred to the Foundation for management.
Today, the Foundation administers research grants and
contracts for the University in excess of $33 million a
year.
The 1980s saw a watershed period in the establishment
of endowed chairs that have significantly raised the
stature and quality of faculty. The Edward Reighard
Memorial Chair of Management in the Craig School
of Business in 1985 was the first of what now are 16
endowed chairs at Fresno State, the most of any campus
in the CSU, and a powerful tool in recruitment and
retention of accomplished faculty.
As campus enrollment and facilities grew, so did the
number of gifts, grants and contracts, causing the
Foundation to change its structure to create investment,
audit, budget, governance and development committees
to provide diligent oversight and stewardship of its
fiduciary and philanthropic responsibilities.
The Foundation board is a distinguished and dedicated
group focused on enhancing scholarship and engaging
with its region. They oversee a portfolio of assets totaling
more than $180 million, with more than $128 million
in its endowment that provides an annual payout for
student scholarships and academic programs.
Fresno State
F ou n da t ion
It was nearly a century ago when community leaders
joined for lunch to discuss the work of Fresno State
College, now California State University, Fresno. Each
chipped in a few dollars and began what became the
Fresno State Foundation to supplement state funding
by encouraging and managing private giving to benefit
Fresno State students and faculty.
The Foundation has grown immensely and now annually
provides millions of dollars that touch thousands of
students and faculty through scholarships, academic
programs and research. And as the state of California’s
funding of higher education has dwindled in recent years,
Fresno State has become more dependent on support from
friends and alumni like you to provide an outstanding
academic learning experience.
This report recognizes the generous support received by
the Foundation during the last fiscal year and the impact
your gifts make on the university, its students, faculty and
programs. Thanks to your generosity, our ability to fulfill
the Foundation’s primary mission of supporting Fresno
State’s academic mission was strengthened considerably.
The Foundation concluded the 2012-13 fiscal year with
total assets of $181.4 million, an increase of approximately
$88 million from June 30, 2005, prior to the launch of
the Comprehensive Campaign. It is a tribute to you, the
donor, for your continued commitment to the University
and to our Investment Committee for its dedicated and
savvy management of your gifts.
These pages provide a brief summary of how your funds
are being used to encourage excellence at every level on
the Fresno Sate campus. The results speak for themselves.
President Joseph Castro, a San Joaquin Valley native,
assumes the campus leadership with strong aspirations,
newfound optimism and unbridled energy to continue
Fresno State’s strong and proud tradition of serving the
needs of the Central California region. He will need your
help.
We thank you for your support of Fresno State. The
Foundation and the University deeply appreciate each of
you who has chosen to help inspire the students, faculty
and programs of Fresno State.
Best regards,
Ray Steele Jr.
Chair, Foundation
Board of Governors
Of special note is the successful completion of Fresno
State’s first-ever Comprehensive Campaign, led by
President Emeritus John D. Welty, which raised more
than $214 million for the University. The majority of the
gifts are going to support the excellent work of faculty and
students. For example, during the campaign approximately
$50 million of endowments were established for faculty
professorships and student scholarships.
Private support through a campaign, annual giving and
the endowment are crucial for Fresno State to achieve
its goals and to make the difference between good and
excellent in educational opportunities.
Deborah Adishian-Astone
Executive Director
Nicol gift
will improve deaf education, expand horizons
The largest single gift to the College of Health and Human Services will help support
deaf education at Fresno State and throughout the community for years to come.
“
The deaf
population
can often be
invisible, but
Silent Garden
will help us bring
awareness to
the community.
The donor, retired architect Robert Duncan Nicol, has never heard the sound of his
own voice and didn’t speak until he was 10 years old. However, he didn’t let deafness
define him, and he hopes that by pledging $2 million to establish the Robert Duncan
Nicol Endowed Chair in the Silent Garden, he will open opportunities and inspire
others through his personal story. “I’m able to prove that deaf people indeed can do
many things,” says Nicol.
”
Nicol attended the Army and Navy Academy of Carlsbad, earned his architecture
degree from the University of California, Berkeley, and was named a Fellow of the
American Architects. In 2005, he established Robert Nicol Vineyards on 20 acres in
the Napa Valley, growing pinot noir and chardonnay grapes for nearby wineries.
In his gift to Fresno State, Nicol is honoring his parents for opening doors of
opportunity to him at a young age. Such support for the deaf or hard of hearing is
vital to unlock each person’s talents. “That support was pretty obvious to me when I
visited Fresno State,” says Nicol. “Other schools may or may not have it, but I found
it in Fresno, and I am more than happy to support them.”
Fresno State has been leading the way regionally in deaf education by training
professionals in speech-language pathology, audiology, deaf education and interpreting.
The Communicative Disorders and Deaf Studies Department has 408 undergraduate
and 140 graduate students enrolled in its programs, including several who are deaf
or hard of hearing. In 2012-13, 89 students earned bachelor’s degrees and 39 earned
master’s degrees.
Through the Nicol Endowed Chair, experts from across the nation will teach at Fresno
State and conduct outreach with the deaf and hard-of-hearing community.
The Silent Garden was established by Fresno State professor emeritus Paul W. Ogden,
who has known Nicol since 1972. They share a passion to change the landscape of
deaf education.
“The Silent Garden is a community oriented program focused on sharing knowledge
and on training families,” Ogden says. “The deaf population can often be invisible,
but Silent Garden will help us bring awareness to the community.”
If you would like to support students, faculty or programs in the
College of Health and Human Services please contact:
Dana Lucka
3
Fresno State Foundation
559.278.5590
Annual Report
Otomo-Corgel
invests in innovative science research program
Dr. Joan Otomo-Corgel maximized her opportunities in
the science labs at Fresno State. Now she’s helping science
students gain a robust, research experience as part of their
academic program.
She has stayed connected to her alma mater, most
recently through a $75,000 gift with her husband,
Richard Corgel, to the College of Science and
Mathematics’ Science Research Experience Program.
Otomo-Corgel followed in the footsteps of her father
to Fresno State from their home near Selma. One big
difference was that John Otomo’s college aspiration was
derailed when he was interned with thousands of other
Japanese-Americans during World War II. John Otomo
never returned to college, although he was awarded an
honorary degree in 2010 and his proud daughter was at
Selma City Hall to share that moment, just a few months
before he passed away.
Investment in this innovative program allows the
university to forge partnerships with organizations that
need research support from Fresno State students, who
learn state-of-the-art research techniques in a “realworld” environment.
Her father’s determination in the face of adversity inspired
Joan Otomo to earn the grades necessary to attend Fresno
State and to qualify for scholarships.
She worked part time, led cheers and was Homecoming
queen. She was an officer in Spurs, the sophomore women’s
service honor society, and in Tokalon, the upper division
women’s service organization. “I was able to raise funds
for scholarships that provided talented, deserving women
the opportunity to pursue their educational dreams,” she
remembers of her early days paying it forward.
Otomo-Corgel says, “The concept of mentorship
with the medical community, private business and
individuals was intriguing,” she says. “It is a way to
bring the university to the people and people to the
university.”
Giving to Fresno State makes Otomo-Corgel happy.
“The intangible reward for giving is not measurable,”
she says. “There is a saying, ‘Life is an echo.’ What you
send out comes back to you.”
“Scholarships from high school and Fresno State
allowed me to focus on my major, participate in myriad
organizations, and have the total college experience,” says
Otomo-Corgel. “The Biology Department provided a
foundation that allowed me to be academically comfortable
attending dental school at UCLA. The opportunities to
grow in leadership, academics and wide ranging activities
were available at every turn,” she adds.
Otomo-Corgel has enjoyed a distinguished career in
periodontics – in practice and as a professor in UCLA’s
School of Dentistry. She was appointed by Governor Pete
Wilson as a trustee of the California State University,
serving until 2000.
If you would like to support students, faculty or programs in the
College of Science and Mathematics please contact:
Kent Karsevar
559.278.4381
Fresno State Foundation
Annual Report
4
Richter Center
is a campus catalyst for community benefit
The Jan and Bud Richter Center for Community
Engagement and Service-Learning has channeled
millions of volunteer hours from thousands of students,
faculty and staff into the community since the center’s
creation in 2007.
It is part of the legacy of longtime Fresno State
benefactors Jan and Bud Richter, who also were
inaugural co-chairs of the Campaign for Fresno State.
Since 1911, the University has been intimately engaged
in its community: cultivating public gardens during
wartime, creating centers to improve health care and
responsible politics, cleaning up the environment,
donating blood, feeding the hungry and rebuilding
neighborhoods.
Beginning in the 2009-10 academic year and in
subsequent years, Fresno State students, faculty
and staff have exceeded 1 million hours annually in
community service. In 2012-13, a total of 14,245
people contributed 1,055,257 hours of volunteer work.
According to philanthropic standards, the estimated
economic impact was greater than $27 million.
Through its service-learning programs, students earn
academic credit for some of the volunteer effort and
learn how to be tomorrow’s leaders of community
benefit and nonprofit organizations.
According to the Richter Center’s director, Chris
Fiorentino, success cannot be measured by the number of
volunteers and the hours they spend in service; there has
been a multimillion-dollar benefit to our region: “The
lives that are impacted by our service initiatives, including
our students, who learn and grow from being involved in
service, and those who benefit from the students’ work in
the community.”
Daniel Ward, a chemistry major from Fresno, is an
example of Richter Center success. Ward’s efforts were
invested in fighting childhood obesity through sports and
advocacy, volunteering at food pantries, homeless shelters
and promoting environmentally friendly practices. He
organized student river clean-ups and support for military
veterans and served as a Richter Center ambassador, setting
an example of student service and leadership.
Nominating Ward to be a national Newman Civic Fellow,
President Emeritus John D. Welty wrote, “The theme
weaving its way through Daniel’s career at Fresno State is
not simply that he engages in service, but that he goes to
great lengths to engage his peers in similar acts of service.”
When the Richters donated their gift of $3.5 million,
they believed it would help “instill in students a life-long
character trait of giving to the community” and amplify
guiding words in their own lives of service and community
leadership: “Do unto others as you would have done unto
you.”
The Richter Center has exceeded their expectations. Bud
Richter wrote in 2012 that the campus community’s
“enthusiasm, skills, commitment and execution to invite,
recruit and organize students, staff and faculty to become
engaged… through community service is rewarding to
everyone. The good works you do will hopefully always be
fulfilling and humbling to you and to those you serve.”
If you would like to support the Richter Center please contact:
Chris Fiorentino
5
Fresno State Foundation
559.278.8848
Annual Report
Early childhood education
gift extends across generations
Thanks to a $1.5 million gift in 2001 from the Fansler
Foundation, the Kremen School of Education and Human
Development’s Joyce M. Huggins Early Childhood
Center is keeping Fresno State’s commitment to educate
the youngest children of today and tomorrow.
Housed within the Huggins Center are the Marlene M.
Fansler Infant and Toddler Program, the D. Paul Fansler
Preschool and D. Paul Fansler Institute for Leadership
in Early Childhood Education. Not only are they key
components for research and developing best practices,
they honor the memory of D. Paul Fansler, one of the
community’s leading benefactors.
“We are pleased with our relationship with Fresno
State and the Kremen School and its emphasis on early
childhood education,” added Mrs. Fansler. We look
forward to the university’s selection of the Endowed
Chair for the D. Paul Fansler Institute for Leadership
in Early Childhood Education, whose funding was
provided by the Fansler Foundation.”
That gift to the Kremen School helped create the
Fansler Leadership Institute to develop and demonstrate
innovative approaches to early education.
Mr. Fansler grew up poor in Fresno during the Depression,
but rather than bemoan his economic circumstance as a
6-year-old he started selling newspapers. The Fansler
Foundation says its namesake “moved on to mowing
lawns, picking cotton and grapes and even selling pop
bottles at school.”
The Huggins Center also serves as a regional model
for best practices in early childhood education and
promotes improved services to children and their
families. It prepares students to be elementary teachers
with special expertise and experience in grades pre-K-3
through classroom work and field experiences at
preschool, kindergarten, primary and upper elementary
levels.
He joined the Merchant Marines at 17, served four years,
performed odd jobs and then became a sales agent with
Bankers Life Nebraska, continuing with the insurance
company for 42 years. Mr. Fansler built hotels, shopping
centers, office buildings and houses.
The impact of his gift would have pleased her father,
said Paula Fansler, one of Mr. Fansler’s daughters. “Dad
just had a big heart,” she said. “He had a big vision and
was climbing a mountain. Had he lived, who’s to say
how much larger that legacy could have grown.”
His childhood and adult experiences forged Mr. Fansler’s
insight into how support at the right time makes a huge
difference, especially for children. His philanthropic mark
in the community continues more than two decades since
his death in 1990 through the Fansler Foundation, led by
his wife, Marlene Fansler, the president and CEO.
The Fansler Foundation’s generous gift, stewarded
by the Fresno State Foundation, continues to pay
dividends with each Fresno State student learning about
early childhood education and every child who benefits
from that training.
Her husband, she said, “loved people and especially
children,” so his foundation keeps alive Mr. Fansler’s vision
of helping local qualified community-based, nonprofit
organizations that work with children.
If you would like to support students, faculty or programs in the
Kremen School of Education and Human Development please contact:
Lee Ann Jansen
559.278.1877
Fresno State Foundation
Annual Report
6
The Lyles family
is investing and building a better future for our students
Dr. William M. Lyles, raised in California’s Central Valley, earned an engineering
degree from Purdue University, located in America’s heartland. He has parlayed that
into a very successful business, Lyles Diversified, Inc. (founded by his parents in
1945), which is involved in construction, real estate, rental and development. The
majority of the company’s operations are located right here in California’s heartland.
“
Investment in
engineering and
construction
management
education is an
investment in
the future.
In achieving his own success, Lyles observed the pivotal importance of Fresno State to
the economic health and well being of Central California. Over the years, Dr. Lyles,
his family, and company have generously invested their time, talent and treasure.
Their support has been wide-reaching and includes:
The Lyles College of Engineering:
honoring the Lyles family’s $10 million commitment
in 2008 that included a match requirement. Lyles feels
strongly that a premiere engineering program will
encourage students to pursue engineering careers with local
firms, thus retaining talent in our valley.
”
The Lyles Center for Innovation and Entrepreneurship:
established in 2003 as a multifaceted generator of good
ideas, business nurturing and development that also sows
the seeds of invention and economic stimulus. Lyles
Center educational programs reach out to undergraduates,
postgrads, alumni and the community and encourage a
climate of innovation in pre-college students, their families
and teachers.
The Lyles Gallery:
located in the lobby of the John Wright Theatre, showcases
the work of regional artists, promoting the cultural arts and
inspiring tomorrow’s cultural creators.
The Elizabeth Lyles Pipe Organ:
in the Music Building’s Concert Hall is a 20-stop, 22-rank
organ that gives students and faculty a rare opportunity to
hone their talents on a state-of-the-art instrument.
If you would like to support students, faculty or programs in the
Lyles College of Engineering please contact:
Caty Perez
7
Fresno State Foundation
559.278.8243
Annual Report
The Lyles family has also provided major gifts to the Craig
School of Business and its Business Associates program
and Family Business Institute, the Kremen School of
Education and Human Development, the College of Arts
and Humanities, the Henry Madden Library, the Bulldog
Foundation and the Save Mart Center.
Lyles has been a member of the Fresno State Foundation
Board of Governors since 1993 and was a 1999 recipient
of the Foundation Service Award.
His philanthropy and service to Fresno State and the entire
community were recognized by Fresno State in 2001, with
conferral of an honorary Doctorate of Humane Letters.
But more than personal plaudits, Dr. Lyles savors the
impact of his generosity in advancing his commitment to
better-tomorrows for the region.
President Emeritus John D. Welty said the Lyles’ gift
acknowledges the importance of the College of Engineering
in developing the region’s burgeoning growth, which is
driving the area’s economy. Long-recognized as one of
the most productive agricultural regions in the world,
the Central Valley is transitioning toward engineering
and technological growth as keys to continued economic
health and sustainability.
“The Central Valley has been a great place for our
family,” says Lyles. “We’ve watched the region grow
and change through the years, and we believe it is
essential that the Valley transform its economy in the
coming years.”
Lyles also believes in setting a philanthropic example,
and at the announcement of the gift Lyles commented,
“It is our hope that this gift will encourage and inspire
others to help in this important effort.”
The Central Valley offers an ideal location to apply
emerging technologies, engineering innovations and
leading edge construction management strategies. Fresno
State’s goal is to attract, educate and retain bright, talented
leaders in the various engineering specialties and make
community connections while they are here so that they
stay in the region.
“Our region needs more engineers and construction
managers to grow the economy,” says Lyles. “Investment
in engineering and construction management education
is an investment in the future. In addition, it offers
opportunity for upward mobility for young people in a
region that sadly lacks good jobs.”
Fresno State Foundation
Annual Report
8
Bronco Wine Chair Creates
Partnership Between
Students and Industry
The San Joaquin Valley
harvests more wine grapes than
anywhere else in North America, so it’s
no wonder why one of the nation’s largest wine
producers would look to Fresno State, one of
the nation’s top agriculture universities, for help
improving crop yield and quality.
The Ceres-based Bronco Wine Co. has endowed the
Bronco Wine Co. Viticulture Chair for Fresno State’s
Department of Viticulture and Enology. The winery,
owned by Fred T. Franzia, Joseph S. Franzia and
John Franzia Jr., is the nation’s fourth largest winery.
The first person to hold the chair, Dr. S. Kaan
Kurtural, joined the faculty in 2008 from the
University of Kentucky. The Bronco gift enables
Kurtural to conduct research 50 percent of his time,
which, he says, made the faculty position especially
attractive when he was being recruited.
In 2011-12, Kurtural had five graduate students
and a research associate, all funded with competitive
grants and contracts. (He has helped attract more
than $1 million in research support to Fresno
State.) He has hosted visiting scholars from Europe,
worked with undergraduates on applied projects
and collaborated with researchers at other major
universities. He and his team have published work
on applied vineyard research.
Kurtural’s graduate students have been recruited
for jobs at wineries large and boutique. Students
have benefited from companies such as E&J Gallo,
Trinchero Family Vineyards and Constellation
Brands-U.S., leading to full-time employment
upon graduation.
“Since the research trials we conduct are
at producing vineyards, working side by
side with Bronco Wine Company staff,
the students’ findings have immediate
applicability that they can take with them,”
says Kurtural.
“In addition, the Franzias allowed us to conduct
our trials in their 1-million-gallon winery in
Madera,” adds Kurtural. “The hands-on experience
the students receive has been invaluable.
“The Franzia gift has enabled Fresno State to reestablish itself as the institution where industry can
go to get production questions answered,” Kurtural
says, “and where it can rely on solid education for
future generations.”
If you would like to support students, faculty or programs in the
Jordan College of Agricultural Sciences and Technology please contact:
Alcidia Freitas Gomes
9
559.278.4266
Fresno State Foundation
Annual Report
Mock trial teaches more
than legal tactics
Not all Fresno State teams compete on athletic fields,
in arenas, on tracks or in pools. One of the most
successful Bulldog teams was fielded less than a decade
ago and already is defeating Ivy League, Atlantic Coast,
Southeastern, Big 10 and Pac-12 conference opponents
… in mock trial courtrooms.
Dr. Luz Gonzalez, dean of the College of Social Sciences,
adds, “There is nothing more rewarding than providing
support and leadership to a program like mock trial that
inspires and motivates students to excel and accomplish their
goals. Knowing that our students can count on the generous
contributions of donors who are committed to making a
difference in the lives of our students is priceless.”
The Fresno State Mock Trial team isn’t just about
winning against Stanford, Vanderbilt, LSU or Cal; it’s
about students building self-confidence and publicspeaking skills for careers as lawyers, civic leaders and
community advocates. And much of the credit for this
Fresno State academic highlight is owed to the local
legal community’s financial support and expertise.
Hailey Bonds, a senior English major, has been involved in
mock trial since attending Clovis High School. In her fourth
year at Fresno State, she’s also coaching mock trial at Clovis
High with the authority of having earned awards at five
collegiate tournaments. She prefers being a defense attorney in
mock trial, but you’d be wrong to assume she’s going into law.
Nine years ago, the late criminology professor Harvey
Wallace enlisted the support of attorney Gordon Park
of Fresno’s law firm McCormick, Barstow, Sheppard,
Wayte & Carruth LLP, in forming a mock trial team.
They agreed that a strong mock trial program would
benefit students who wanted to hone public- and
persuasive-speaking skills by learning the various roles
in a courtroom. Wallace developed a course and Park
became the attorney-coach, helping students put
classroom preparation into practice.
After Wallace died in 2007, Parks took on both teacher
and coach roles and added fundraiser, too. The program
grew from 16 students to 35, began to win regularly
at tournaments and added attorney-coach Steve
McQuillan, a partner in the law firm Jacobsen, Hansen,
Najarian and McQuillan LLP.
Park rallied Fresno’s legal community to help. Dr. Kent
Karsevar, development director for the College of Social
Sciences, says, “We have been fortunate to receive
support from the largest legal firms in the community.
Fundraising has surpassed $50,000, which helps with
student travel and accommodations to tournaments
around the country.”
“I have no intention of taking the L-SAT or attending law
school,” Bonds said. “I compete in mock trial for fun. I plan
to go into administration” and coach high school mock trial
and debate. Later will come advocacy for “academic teams
that promote oral presentation skills such as mock trial. This
program has done wonders for me when it comes to speaking
in public and making presentations.”
Four-year mock trial veteran Selena Farnesi, who also was
ASI president, is studying at the University of the Pacific’s
McGeorge Law School. “I made some of the best friends I
had in college, and I learned from some of the most talented
attorneys in town,” she remembers.
Making his case for support, Park says, “Grant money and
donations through the Fresno State Foundation are absolutely
crucial to continued success and recognition,” allowing the
team to accept invitations to compete against top schools.
“Many of these elite Eastern, Midwest and Southern schools
won’t play us in sports, so we have to beat them in court to get
their attention,” Park says.
Fresno State already has the attention of the American Mock
Trial Association, which chose the campus to host one of three
West Coast regional tournaments in 2014.
If you would like to support students, faculty or programs in the
College of Social Sciences please contact:
Kent Karsevar
Fresno State Foundation
559.278.4381
Annual Report
10
Smittcamp Honors Student
helps lead to autism
breakthrough
Dr. Brian J. O’Roak
Dr. Brian J. O’Roak (2003) is the personification of how
the Foundation’s stewardship of private gifts helps to
transform a vision to reality and student’s dreams into career
accomplishments.
In spring 2012, his team made international headlines for a
discovery that specific gene mutations increase the chances
of autism in children – a promising key to prevention and
treatment of autism.
The Smittcamp Family Honors College was President
Emeritus John D. Welty’s vision. He wanted to bring 50 of
the best and brightest high school graduates to Fresno State
to enroll in a rigorous and enhanced academic, service and
leadership curriculum.
O’Roak says of his Honors College experience, “Being part
of this new group of high-achieving students with access to
the best faculty and the honors curriculum was tremendous.
This level of undergraduate education stacks up to any ‘toptier’ university.”
Endowed by a $1 million gift from Earl and Muriel
Smittcamp and their family, the Honors College was
unique in the California State University system, providing
full-tuition scholarships and encouraging students to be
multidimensional rather than monochromatic.
Dr. Honora Chapman, director of the Smittcamp Family
Honors College, says “O’Roak is an example to our
present and future scholars to pursue their careers with the
confidence that they, too, can make serious contributions
to society.”
In 1998, one of the Smittcamp Family Honors College’s first
admittees was Brian J. O’Roak from Madera, the first in his
family to attend college.
O’Roak also benefitted from the McNair Scholars Program,
which guides students transitioning from undergraduate to
doctoral studies and helped him take advantage of research
opportunities under biology Professor Alejandro CalderonUrrea.
A biology major, O’Roak maintained a 4.0 GPA, minored
in mathematics and received numerous research awards. He
was a student senator; led his “Smittie” peers in community
service to Stone Soup, Children’s Hospital of Central
California and other organizations; co-founded the Fresno
State Brain Trust; captained the College Bowl team; and was
the Catholic Students Association president.
He earned a Bachelor of Science in Biology (Molecular,
Cellular and Developmental Biology emphasis) in 2003
and was the College of Science and Mathematics Dean’s
Medalist. After receiving his doctorate in genetics at Yale,
O’Roak joined the University of Washington’s Department
of Genome Sciences.
Calderon-Urrea says, “I consider Brian one of the
best students I have had the pleasure to work with
during my tenure at Fresno State. We were first
mentor-mentee, and then we became friends and
colleagues.”
It was the realization of President Welty’s vision, but also of
Earl Smittcamp’s commitment (he served 30 years on the
Foundation Board): “Fresno State: I’m proud of it. I’m glad
I went. I wouldn’t do anything different. If I could do more
to help, I would,” says O’Roak.
If you would like to support students, faculty or programs in the
Smittcamp Family Honors College please contact:
Dr. Honora Chapman
11
559.278.8160
Fresno State Foundation
Annual Report
Chukchansi Language
Gifts Helped to
preserve Languages
Seasons
Colors
winter: domooxish
spring: dishamyu
summer: hayaalat
fall: xoshee'wat'aw
white: shik'win
gray: humk'uk'un
black: limik'
yellow: 'alk'ik'in
A $1 million gift in 2011 from the Picayune Rancheria of
the Chukchansi Indians in the Sierra foothills supports a
partnership with Fresno State to ensure that the tribal language
is not lost to history.
The gift is just the latest from the Chukchansi to Fresno State,
and it offers a unique opportunity, says Dr. Vida Samiian, dean
of the College of Arts and Humanities.
Weather
cold: xoshew
rain: shee'al'
snow: 'eeni
fog: k'umul
wind: shokow
cloud: som'
sun: 'op
hot: xapil
orange: shakaka
red: habilk'ay
pink: saliikin
purple: mukana
blue: litany
green: ch'iwik'ay
brown: kapew'ne
Provided by Holly Wyatt, Chukchansi tribe.
Their gift will help document the Chukchansi language so it
can be brought back into social and ritual use. “This is a rare
and exciting opportunity for our students and faculty,” says
Samiian.
The gift allows faculty to assemble native texts, create
curriculum to teach future generations of Chukchansi, and
provide program and scholarship support.
In conjunction with Fresno State’s preservation work, the tribe
offers its members Chukchansi language immersion courses
for children and adults. For many Chukchansi, it is their first
exposure to their native language.
In addition, the Linguistics program received another
generous donation from Dr. Geoffrey Gamble,
an alumnus, former president of Montana
State University and expert on endangered
languages. He and his wife Patricia have made two $1
million bequests. One will establish the Dr. Geoffrey
and Patricia Gamble Professorship in Linguistics/
Endangered Languages. The other is the Dr. Geoffrey
and Patricia Gamble Endangered Languages Program
Endowment to support field study and research of
endangered languages.
Samiian says such generosity to the Department of
Linguistics “will generate excitement among future
students and faculty that Fresno State can play an
important role in learning about and preserving
languages that are a part of our American
heritage.”
If you would like to support students, faculty or programs in the
College of Arts and Humanities please contact:
Lee Ann Jansen
Fresno State Foundation
559.278.1877
Annual Report
12
Brooks Scholars can
focus on their Goals
The spirit of educational encouragement shared by emeritus professor Wayne A. Brooks and his late
wife Verna Mae Brooks is providing financial assistance to students so they can achieve their academic
goals and become accomplished in their careers.
Dr. Brooks, who taught business law, established the Verna Mae Brooks Scholarship program in
1997, two years after his wife of 40 years died. He was motivated, says Brooks, by her “love of and
dedication to learning” of any kind.
Grateful for Verna Mae Brooks’ inspiration and for Dr. Brooks’ benevolence is Dr. Kirstie Hettinga,
who didn’t know about the Brooks program until she attended an information session for prospective
students.
She completed her undergraduate degrees in theatre arts and mass communication and journalism,
and served as Collegian editor. “And when I decided to stay at Fresno State to work on my master’s,
Dr. Brooks kindly continued my scholarship so I could complete my graduate degree,” which she
did in 2008.
Hettinga discovered a love of communication research, which she pursued
through a doctorate at Pennsylvania State University in 2011 and
continued at Ursinus College, near Philadelphia, as a journalism professor
and the student newspaper adviser. Now, she’s on the journalism faculty
of California Lutheran University in Thousand Oaks and happy to be
back in California.
“I absolutely would not be where I am today without the help
of Dr. Brooks, Paul DeRuosi and all of the incredible people
in the scholarship office at Fresno State,” Hettinga says.
“With them, I was also able to participate in community
service, and in a very real sense, they became a part of my
family during my time in Fresno.”
“The security that a scholarship gives a student is invaluable. The
ability to focus on your studies rather than struggling to make ends
meet is so critical,” says Hettinga.
Verna Mae Brooks
as a college senior
“In a way, the impact of the Brooks’ scholarship extends to my
students, because I might not be working with them today if it was not
for that gift.”
If you would like to support students, faculty or programs in the
Craig School of Business please contact:
Lyndsey Scully Quist
13
559.278.2919
Fresno State Foundation
Annual Report
Table Mountain Rancheria
gift links campus and
Indian heritage
There’s no mistaking Fresno State’s close connection with the
region’s native peoples, especially through the Henry Madden
Library, where Table Mountain Rancheria’s $10 million gift
made a transformational difference.
The Table Mountain Rancheria lies in the foothills northeast
of Fresno, but its philanthropic reach extends deep into the
San Joaquin Valley below.
When the expanded, modernized library was contemplated,
designers wanted it to provide a visual connection with the
region and its American Indian heritage. For three years,
Fresno State consulted the Tribal Council and Table Mountain
Rancheria Cultural Resources Department staff to ensure
the accuracy of the cultural heritage and history of Central
California tribes.
The result is a landmark building with distinctive wooden slats
on the signature Table Mountain Rancheria Tower over the
main entrance evoking Indian basket weaving. Constructed of
Academy black and Sierra white granite from quarries in the
Sierra foothills, the entry replicates a stair-step pattern inspired
by a Choinumni basket from the rancheria museum collection.
The ribbon-like interior stairway linking the library’s first
three levels is blanketed in woven metal reflecting intricate
basket weaving. In the third-floor Table Mountain Rancheria
Reading Room, a glass photo mural depicts the history of the
rancheria, while two custom-made oak benches in front of the
mural invite visitors to sit and reflect. Throughout the library
are custom-made fabric coverings with images of the deer
hoof, butterfly and stair-step basket patterns.
The Table Mountain gift also cultivated the Native Plant
Garden, near the entrance plaza and adjacent to the
contemplative Peace Garden. The names of plants and
tools used in basket making are etched into a concrete
wall and descriptions are translated into Western Mono,
Yokuts and English languages.
Said tribe chairperson Leanne Walker Grant, “The
general tribal membership of Table Mountain Rancheria
sees its gift to Fresno State’s library as the best way to
serve the educational needs of the region.”
Dr. Cynthia Teniente-Matson, Fresno State’s vice
president for administration/CFO, said, “The baskets,
woven for daily use, hold the memory of lives and
cultures. Thanks to the Table Mountain Rancheria, the
library is the storehouse of knowledge and a reflection of
Native American people; another way of remembering
our history and preparing for our future.”
If you would like to support the Henry Madden Library please contact:
Marcie Morrison
Fresno State Foundation
559.278.7177
Annual Report
14
Ph il a n t h ro py
transforming the University for the future
The Campaign for Fresno State generated $214,222,190
in private support, exceeding the $200 million goal and
signaling a new and ongoing commitment to fundraising at
the region’s premier public university.
When the Campaign for Fresno State was planned, the
nation’s economy was robust and growing. The San Joaquin
Valley was adding population and businesses. Fresno State
was increasing its enrollment and developing its then-new
investments in community service and creating a culture of
innovation and entrepreneurship.
When President John D. Welty announced the $200 million
goal – the nation was in the midst of the Great Recession.
The economy of the Valley – home to Fresno State’s most
loyal financial supporters – was hit hard. At the same time,
the state drastically reduced funding for higher education.
The importance of philanthropy was magnified. The
Campaign for Fresno State team – volunteers and staffers
– adapted to the new urgency for private giving to the
university with the determination of Fresno State’s bulldog
mascot.
When the eight-year Campaign ended in 2013, 34,629
individual donors had made 163,212 gifts to Fresno State,
ranging from the Jordan family’s $29.4 millon to $25 gifts
from grateful grads just embarking on careers.
15
Fresno State Foundation
As a direct result of the Campaign, Fresno State’s physical
campus is being transformed with a multidisciplinary
research center, a landmark and highly utilized library, new
farm market, aquatics/kinesiology center, poultry research
and education facility and sports medicine center.
Donor gifts helped launch initiatives in linguistics, creative
arts, deaf education, water research, agriculture, community
service, Middle East studies, real estate, education and
engineering.
“Every corner of the Fresno State campus has been touched
by the success of the Campaign for Fresno State,” said cochairs Omel Nieves, a lawyer in Southern California, and
Dennis Woods, a bank executive in Fresno. “The need for
philanthropic support will only increase.”
Dr. Peter N. Smits, vice president for University
Advancement, said the campaign’s success signals a new
era of fundraising. “This is our new normal, and we believe
the Campaign positioned us very well to meet the funding
challenges of the future,” he said.
“Fresno State’s ability to thrive is inexorably tied to the
willingness of the community to support the university. We
know we can count on the individuals and organizations
that believe in our mission of opening new educational
opportunities for students and of working with the
community to make the Valley a better place to thrive for
generations to come,” says Smits.
Annual Report
Giving Societies
President’s Circle for Excellence
The President’s Circle for Excellence recognizes individuals who provide annual discretionary funds that the university president
designates for campus projects. These donors help to support a variety of valuable programs and activities, enhancing the lives of
students, faculty and the community.
Pinnacle Society
The Pinnacle Society is devoted to honoring individuals whose years of thoughtful and generous contributions have made a distinct
difference in education at Fresno State. Pinnacle Founders are the philanthropic pioneers who have given $100,000 or more during
their lifetime to enhance academics, assist students, build facilities and advance other Fresno State programs. The society’s two
other levels are the $500,000 El Capitan level and the $1 million Paramount level.
Heritage Society
The Heritage Society recognizes alumni and friends who make the commitment to include Fresno State in long-range giving plans
including bequests, trusts, real estate gifts, insurance gifts, charitable gift annuities or other estate planning tools.
Centennial Society
The Centennial society recognizes donors whose contributions are $10,000 or more during a fiscal year.
Fresno State Development Staff
Vice President for
University Advancement
Peter Smits [email protected]
559.278.6050
Executive Director of
Advancement Services Ellen Jamra
[email protected]
559.278.8570
Athletics
Jennifer Jory, Director
[email protected]
559.278.7202
Henry Madden Library
Marcie Morrison, Director
[email protected]
559.278.7177
Planned Giving Steve Spriggs, Director
[email protected]
559.278.8337
Corporate and Foundation
Relations
Daniel Kimball, Director
[email protected]
559.278.7561
Jordan College of
Agricultural Sciences
and Technology
Alcidia Freitas Gomes,
Senior Director and
Ag One Executive Director
[email protected]
559.278.4266
College of Science
and Mathematics
Kent Karsevar,
Senior Director
[email protected]
559.278.4381
Annual Fund
Patricia O’Connor, Director
[email protected]
559.278.7392
Craig School of Business
Lyndsey Scully Quist,
Associate Director
[email protected]
559.278.2919
College of Arts
and Humanities
Lee Ann Jansen,
Senior Director
[email protected]
559.278.1877
College of Health and
Human Services
Dana Lucka, Director
[email protected]
559.278.5590
College of Social Sciences
Kent Karsevar,
Senior Director
[email protected]
559.278.4381
Kremen School of Education
& Human Development
Lee Ann Jansen,
Senior Director
[email protected]
559.278.1877
Southern California Region
Julia Wilson, Director
[email protected]
858.245.5136
Lyles College of Engineering
Kent Karsevar,
Senior Director
[email protected]
559.278.4381
We thank and appreciate all of our donors who have given generously to Fresno State.
For the 2012-13 Donor Honor Roll please visit
www.fresnostate.edu/advancement/giving/whygive
Fresno State Foundation
Annual Report
16
Financial Report for FY 2013
Facts at a glance for 2012-13:
Gift total in dollars = $22,021,555Number of gifts = 7,018
New endowments = 18
Gifts by constituency:
Alumni Parents $8,441,770
$62,205
Other individuals $7,442,152
Foundations $3,903,618
Corporations $4,018,630
Other organizations $90,124
Asset Allocation as of June 30, 2013
in millions
7.7%
7.2%
34.4%
31.1%
US Equity
$39,840,727
Non-US Equity
$25,273,203
Fixed Income
$44,056,207
Hedge Funds
$9,222,038
Other Diversifying Strategies
$9,857,725
19.7%
FY 2013 Total
17
Fresno State Foundation
Annual Report
$128,249,900
Endowment Growth
in millions
$140
$120
$100
$114.1
$118.1
$128.2
$99.1
$80
$79.3
$60
$40
$20
$0
FY09
FY10
FY11
FY12
FY13
Foundation Support to fresno state
in millions
$10,000,000
$9,000,000
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
$5.57
$5.88
FY10
FY11
$6.14
$6.44
FY12
FY13
$4.74
FY09
ScholarshipsAcademic ProgramsAdditional support
Fresno State Foundation
Annual Report
18
Sponsored Program Activities
One of the other major activities the Foundation manages for the University in addition to receiving gifts
and managing the endowment is administration and support for sponsored programs (also known as “grants
and contracts”). In most instances, proposals for sponsored programs are initiated and developed by faculty
researchers (also known as Principal Investigators or “PIs”) in coordination with the Office of Research and
Sponsored Programs (ORSP). Over the past five years, on the average, the University has been successful in
submitting approximately 375 applications that are awarded for funding each year.
Once a grant or contract is awarded, the Foundation is responsible to ensure the grant/contract is executed in
accordance with the terms and conditions outlined in the award document. In addition to the direct costs of
the sponsored program, most awards also include indirect costs (or overhead), which is used for supporting
post award administration expenses incurred by the University and the Foundation. Currently, our average
IDC rate is 7.5 percent. A portion of the net surplus generated by Foundation activities is generated from
indirect cost recovery (net of direct and allocated Foundation expenses).
Grants/Contracts by College/School for FY 2013
IndirectIndirect
Number of
Earned
as a % of
Projects
Total
SCHOOL/COLLEGE/AREA
Direct
(Gross)
Direct
3,109,479.52 PROVOST/ACADEMIC AFFAIRS
29 179,116.13 3,288,595.65 5.76%
3,035,724.16 191,080.91
STUDENT AFFAIRS
55 3,226,805.07 6.29%
Jordan College
of Agricultural
Sciences and Technology
121 6,579,723.93 512,121.10 7,091,845.03 7.78%
College of Arts
and Humanities
4
128,184.78 8,315.50 136,500.28 6.49%
246,439.92 18,684.75 CRAIG SCHOOL OF BUSINESS
8
265,124.67 7.58%
Kremen School
of Education and
Human Development
57 2,942,506.15 168,591.99 3,111,098.14 5.73%
Lyles College
of Engineering
22 496,183.16 100,097.01 596,280.17 20.17%
College of Health
and Human Services
85 10,182,247.08 586,794.42 10,769,041.50 5.76%
COLLEGE OF Science
and Mathematics
76 4,808,589.60 15.47%
4,164,534.55 644,035.05 COLLEGE OF SOCIAL SCIENCES
12 609,889.98 7.97%
564,890.67 44,999.31 CONTINUING GLOBAL EDUCATION
1
36,183.49 361.84 36,545.33 1.00%
GRADUATE STUDIES
4
284,438.09 17,451.40 301,889.49 6.14%
OFFICE OF RESEARCH &
SPONSORED PROGRAMS
2
16,939.87 2,989.17 19,929.04 17.65%
TOTALS:
476 31,787,475.37 2 ,474,658.58 34,262,133.95 7.79%
19
Fresno State Foundation
Annual Report
Condensed Statement of Financial Position
Assets
6/30/2013
6/30/2012
Cash and Cash Equivalents
Grants and Contracts Receivable
Pledges Receivable
Other Receivables and Prepaids
Long-term Investments, at market
Land and Improvements
Fixed Assets less accumulated depreciation $45,999,452
$6,547,788 $7,340,144 $6,611,877 $126,409,700 $520,563 $142,388 $39,119,290
$7,851,497
$11,020,255
$6,300,998
$115,032,348
$520,563
$108,784
Total Assets
$193,571,912 $179,953,735
Liabilities and Net Assets
Current Liabilities
$7,929,487 $6,143,252
Long-term Liabilities
$4,262,662 $4,097,124
Net Assets $181,379,763 $169,713,359
Total Liabilities and Net Assets
$193,571,912 $179,953,735
Gifts
Net Investment Return
Indirect Cost Recovery
Endowment Administrative Fee
Gift Assessment Fees
Trust Account Handling Fees
Other
$10,259,862
$14,922,496 $2,474,659 $1,423,000 $567,642 $313,839 $70,021 $10,427,240
($2,035,412)
$2,388,551
$1,423,000
$371,601
$390,800
$45,398
Total Revenue
$30,031,519 $13,011,178
Distributions to Fresno State
$9,158,247
Other University Support
$6,725,337 Management & General
$2,481,531 Other
$6,848,572
$6,389,434
$2,155,902
$16,033
Revenue
Expenses
Total Expenses
$18,365,115 $15,409,941
Net Assets, end of year
$181,379,763 $169,713,359
Note: The Foundation’s Form 990 and Audited Financial Statements are available at:
www.auxiliary.com/foundation/Foundation-publicdocs.html
Fresno State Foundation
Annual Report
20
Students Excel in Investment Management
The Foundation’s Investment Committee oversees investment of
all Foundation funds. In addition to the Investment Committee,
for approximately nine years (2002-2011), the Foundation utilized
the expertise of an Investment Advisory Council comprising
local investment professionals who volunteered their time and
talent to help guide and advise the Investment Committee on
fund managers for the endowment portfolio. During this time,
the endowment portfolio grew and diversified significantly. In
2011, the Foundation retained Goldman Sachs as the Investment
Advisor in response to the growth and diversification of the
endowment and the ability to be responsive to market changes
and portfolio risk.
One of the investment strategies the Foundation Investment
Committee identified that has proven to be a great success is the
opportunity for students from the Craig School of Business to
manage a $1 million Student Managed Investment Fund (SMIF).
This program was established in 1998 with an initial investment of
$100,000; its goal is to combine traditional academic objectives
with the practical demands of hands-on investment management.
In fall 2010, the Fresno State Foundation Investment Committee
authorized increasing the size of the fund to $1 million, and, as
of June 30, 2013, the portfolio now exceeds $1.5 million, with a
23.53 percent return for FY 2013. “Our mandated mission is to
invest in large-cap stocks with a growth potential and an ability to
increase dividend, using both fundamental analysis and technical
analysis,” says Dr. K.C. Chen, who chairs the Craig School’s
Department of Finance and Business Law at Fresno State and
whose students manage the SMIF.
Through Chen’s Finance 129 class, the SMIF provides a unique
setting for the application of financial concepts resulting in both
educational and monetary returns. The SMIF also provides
other student benefits such as a better understanding of financial
markets; a career opportunity to become financial analysts and
fund managers; and an opportunity to offer an “honors” level
course that attracts the best and brightest students. Students learn
how to evaluate investment opportunities while assessing risk
against potential gain. The class operates like a private investment
firm, with an investment committee, specialists in certain
industry groups, a portfolio manager, president for day-to-day
operations and a structure to analyze potential and make buy/sell
recommendations.
Fresno State placed third at the 2013 Global Asset Management
Education conference in New York and fourth at the Redefining
Investment Strategy Education conference in Dayton, Ohio.
“The Student Managed Investment Fund makes our finance
program one of the flagship programs in the region,” said Robert
Harper, dean of the Craig School of Business.
“The experience gained by our students enables them to be well
prepared to start their careers. To further enhance this program,
the Craig School of Business is seeking private support to fund a
Trading Room. The Trading Room will provide a dedicated space
with state-of-the-art technology where SMIF students would be
able to conduct financial analysis and trading activity outside of
the classroom environment.” Fresno State is one of only two CSU
campuses with a student investment fund that is managing assets
of more than $1 million.
Venture Fund Benefits Students and Faculty Entrepreneurship
As a part of managing the assets that help to support the University’s
strategic goals and mission, the Foundation is investing in the
region’s economy through its new, wholly owned subsidiary,
New California Ventures LLC. Established in September 2012,
the LLC will support the development and commercialization of
research initiatives; provide student entrepreneurs and researchers
with investment capital to assist in developing a financially viable
start-up business or enterprise; and support market development
and commercialization of intellectual property.
In 2012 the Foundation approved an allocation of $300,000
to help take advantage of business and commercialization
opportunities. “We created this new LLC to improve the chances
of a successful start-up by providing seed money to move research
forward or help finance the commercialization of a newly invented
product or service,” says R. Stephen Heinrichs, LLC president and
chair of the Foundation’s Investment Committee.
Recently, the LLC approved the funding of “mini” grants where
students, faculty or staff can submit a request for funding up to
$5,000 to assist with prototyping a technology, product or service.
The effort is in collaboration with the Lyles Center for Innovation
21
Fresno State Foundation
and Entrepreneurship to help advance business ideas with market
potential. The first round of solicitation generated 19 funding
requests.
New California Ventures LLC complements the mission of the Lyles
Center for Innovation and Entrepreneurship.
“Start-up and young companies have a difficult time attracting the
capital they need to develop their ideas,” says Dr. Timothy Stearns,
executive director of the Lyles Center. “Support from New California
Ventures provides much-needed financing to develop their product
and make it attractive to investors.”
“Creating New California Ventures LLC follows a national trend for
universities to have such separate entities, which, when successful,
contribute to economic development and job creation in their
community and region,” says Deborah Adishian-Astone, executive
director of the Fresno State Foundation. Other major universities
that have a LLC structure with a similar purpose include Colorado
State University, Stanford, MIT, Arizona State, UC San Diego,
University of Utah, Georgia Tech, University of Kansas, and USC.
Annual Report
2012-13 Foundation Board of Governors
w w w. a u x i l i a r y. c o m / f o u n d a t i o n
4910 N. Chestnut • Fresno, CA 93726-1852
Officers:
Members:
Governors Emeriti:
Chair
Ray Steele, Jr.
Nat DiBuduo
Octavia Diener
Cathy Frost
Eric Hanson
R. Stephen Heinrichs
John E. Horstmann
Sam Iacobellis
Maurine Jones
Hal Kissler
Honorable Annette LaRue
Claude Laval III
William M. Lyles
Ken Newby
Honorable Robert H. Oliver
Debra Nalchajian-Cohen
R. Michael Patton
Vinci Ricchiuti
Yrma Rico
Helen Smades
Richard Spencer
Ray Steele, Jr.
Kyle Stephenson
Kristine Walter
John D. Welty
Rick Whitten
A. Emory Wishon III
Brenton Bradford (deceased)
Robert Duncan
Arnold Gazarian
James Hallowell
Rodger Jensen
Richard Johanson
James B. Mayer (deceased)
Bud Richter
Earl Smittcamp
Robert Smittcamp
O. James Woodward III
Vice Chair
Vinci Ricchiuti
Treasurer
Hal Kissler
Secretary
John D. Welty
Staff:
Executive Director
Deborah S. Adishian-Astone
Director of Foundation
Financial Services
Keith Kompsi
Staff Counsel
John Melikian
Executive Secretary
Diana Sewell
Fresno State Foundation
Annual Report
22
Fresno State
F o u n da t i o n
Annual Report 2012-13
4910 N. Chestnut • Fresno, CA 93726-1852 • 559.278.0850