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California State East Bay Educational Foundation
The Cal State East Bay Educational Foundation is the philanthropic arm of California State University, East Bay, overseeing development, alumni relations, and...
California State East Bay Educational Foundation
The Cal State East Bay Educational Foundation is the philanthropic arm of California State University, East Bay, overseeing development, alumni relations, and donor stewardship for the Hayward-based campus. Evelyn Buchanan serves as president and vice president for university advancement, while the investment committee draws on seasoned institutional talent — notably chair Evelyn Dilsaver, the former CEO of Charles Schwab Investment Management, and trustee Amy Schioldager, a former senior managing director at BlackRock. The foundation deploys its assets across a mix of endowment pools and real property. Most liquid endowment capital sits within the CSU system's Total Return Portfolio and the state-managed Surplus Money Investment Fund, giving the foundation exposure to diversified commodities and fixed-income instruments. A separate Student Investment Fund portfolio, seeded by donors Louie Navellier of Navellier & Associates and former SteelRiver CFO Ken Pereira, offers undergraduates direct portfolio-management experience. Real assets include donated mixed-use property in Hayward and curation of the university art collection. Scale is modest at an estimated $22 million in total assets, characteristic of a regional public-university foundation. The board includes Michael Coke, co-founder and president of Terreno Realty Corporation, underscoring a tangible real-estate thread. In 2025, the Stupski Foundation directed a $1.33 million grant toward the foundation, marking the most visible recent capital inflow. The foundation has been a member of the Intentional Endowments Network since 2016 and holds a bronze AASHE STARS sustainability rating, with a formal commitment to campus climate neutrality by 2040. The foundation's structural differentiator lies in its hybrid governance: investment-committee trustees carry institutional asset-management careers — Dilsaver at Schwab, Schioldager at BlackRock, Coke at Terreno — yet operate within the constraints of a California state auxiliary organization, blending professional portfolio oversight with the spending-policy needs of a public university serving a majority-minority student body.
General information
Firm type
Endowment / Foundation
Location
Region
North America
Country
United States
City
Hayward
Corporate office
Hayward, CA, United States
Principals
Evelyn Buchanan
President, Educational Foundation; VP for University Advancement
Evelyn Dilsaver
Chair, Finance & Investment Committee
Michael Coke
Trustee
Amy Schioldager
Trustee
Sector focus
Frequently asked questions
Who oversees the investment portfolio at the Cal State East Bay Educational Foundation?
The Finance and Investment Committee is chaired by Evelyn Dilsaver, the former CEO of Charles Schwab Investment Management. Trustee Amy Schioldager, a former senior managing director at BlackRock, also sits on the committee, bringing institutional asset-management expertise to the foundation's roughly $22 million portfolio.
How does the foundation invest its endowment assets?
Most liquid endowment capital is pooled within the CSU system's Total Return Portfolio and the state's Surplus Money Investment Fund, which provide commodity, fixed-income, and diversified public-market exposure. Separately, the Student Investment Fund manages a donor-seeded equity portfolio that also functions as an undergraduate experiential-learning program.
What is the relationship between the foundation and California State University, East Bay?
The foundation is a component unit and the primary philanthropic auxiliary of the university. It handles all gift receipt, donor stewardship, alumni relations, and development functions, while also managing endowed funds whose spending policies directly support campus programs and scholarships.
Does the foundation make direct investments or commit to external funds?
Direct investing is limited to real-property gifts, such as mixed-use parcels in Hayward, and the student-managed equity portfolio. The bulk of financial assets flows into CSU system-wide pools rather than third-party private funds, making the foundation an allocator to pooled state university investment vehicles rather than a direct institutional investor.
Who are the foundation's most significant donors?
The Stupski Foundation provided a $1.33 million grant in 2025. Additional named benefactors include Louie Navellier, chairman of Navellier & Associates, and Ken Pereira, retired CFO of SteelRiver Infrastructure Partners, both of whom contributed to the Student Investment Fund. The foundation does not publicly disclose a comprehensive donor list.
What role do sustainability and ESG considerations play in the foundation's investment approach?
The foundation has been a member of the Intentional Endowments Network since 2016 and holds a bronze AASHE STARS rating for campus sustainability. It is a signatory to the ACUPCC with a commitment to climate neutrality by 2040, indicating ESG and sustainability factors influence both operational and investment-side decision-making.
Is the foundation's investment activity separate from the university's operating funds?
Yes. The foundation holds endowed and gift assets in legally distinct accounts, principally within the CSU Total Return Portfolio and Surplus Money Investment Fund. University operating funds are managed separately through state appropriations and tuition revenue channels, though spending distributions from foundation endowments flow into the campus operating budget.
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