PSU Magazine Winter 1992

FOUNDATION A PARTNERSHIP FOR PROGRESS The Portland State University Foundation was independently incorporated in 1963 "to promote and further the development of Portland State University." The Foundation has the major fiduciary responsibility for management of the gifts and endowment funds on behalf of the University. The Foundation Office also assists with University development programs. This year, direct contributions to the Foundation totaled $1.5 million, an increase of 50 percent over the previous year. The fund balance, which now stands in excess of $3 million, is at its highest point in the history of the Foundation. In consultation with the University, the Foundation develops an annual budget for use of gift and endowment funds. During 1990-91, the Foundation provided more than $350,000 in student scholarships. More than $1 million went directly to support University departments and programs providing support for faculty teaching, research, travel, and educational and research equipment. The Foundation administers the various funds received. This in– cludes accounting, investing and monitoring investments as well as controlling the disbursement of funds. The Foundation also keeps donors and recipients informed of the status of the various funds. The PSU Foundation Board of Directors, selected from among the region's civic and corporate leadership, provides a direct link between the Foundation, the University, and the community. The Board is independent of the University and has the overall responsibility for establishing policies, developing budgets, monitoring the investment of Foundation funds, and providing an annual accounting of Foundation income and disbursements. SEVEN PSU Foundation Board of Directors 1990-91 James C. Aalberg Cordell Berge Lawrence S. Black Louis J. Boston Charles E. Carlbom Earle M. Chiles Barbara E. Coit Robert D. Dayton Connie Elmore Jeffrey A. Farber Michael J. Fisher Robert Fisher Richard L. Hawkins CD Hobbs Edward Y. Kawasaki John L. Kinman Lee H. Koehn Bruce J. Korter Wendy A. Lane R. Jay Lewis III Dennis Lindsay Tom Long Roberta M. McEniry Donald J. Miller Jerry A. Parsons A. Roger Pease Dorothy Piacentini Stephen Polzin John A. Runyan William G. Seal Diana Snowden Gayle L. Veber Gretchen A. Willison Ex-officio Judith A. Ramaley Counsel to the President Thomas Vaughn