CSU Endowment Doubles Under Chancellor Reed's Leadership
November 29, 2012
Under Chancellor Reed’s leadership, the California State University’s endowment increased 200 percent from $339 million to $1.02 billion. Endowment dollars per
full-time equivalent student more than doubled from $1,263 to $2,845.
Chancellor Reed oversaw almost $3.6 billion in gift receipts to the CSU—an average of $240 million per year. Of this, nearly $200 million was raised for student scholarships, over $691 million for academic enrichment, and $113 million for research. Chancellor Reed and the CSU Board of Trustees recognized more than 140 significant leadership gifts to the university that resulted in the naming of academic programs or facilities. Notable gifts throughout the years have included a
$29.4 million gift to the College of Agricultural Sciences and Technology at Fresno State; a $42 million donation to Cal Poly Pomona’s comprehensive campaign; and a $60 million bequest to the Architecture Department at Cal Poly San Luis Obispo.
After his retirement, Chancellor Reed’s philanthropic legacy lives on with the Chancellor Charles Reed Endowed Scholarship, which recognizes an exemplary Hearst/CSU Trustees' recipient. The California State University Foundation Board of Governors honored his commitment to students by naming this honored recipient as the Chancellor Charles B. Reed Scholar.