The CSU continues to successfully build its
endowment. The CSU endowment has more than doubled in the
last seven years, growing from $224 million in 1996 to nearly
half a billion dollars in 2002. Endowment market value represents
both restricted and unrestricted endowed funds and long-term
investments that are held both by the institution and the
campus foundation.Endowed funds are held in trust and invested
to produce future income for the institution. A portion of
the earned income is reinvested in the endowed fund so that
the endowment continues to grow over time.
In 2001/2002, new gifts to endowment amounted to $44.1 million.
The strong growth of the CSU endowment, in the face of an
economic downturn and a depressed stock market, is evidence
of the commitment of CSU’s donors to securing the future
of campus academic programs and providing for a more stable
funding base as state revenues become increasingly uncertain.