UNIVERSITY CENTER, Mich. — The SVSU Foundation’s investment committee will now be serving in an advisory capacity to the SVSU Board of Control on investment decisions.
Investment oversight will be transferred from SVSU vice president of business affairs James G. Muladore’s office.
Mr. Muladore says that the foundation committee’s experience in fund raising for endowments made it a good choice in advising the board.
“The investment decisions of the foundation committee will be in compliance with the board and the board will make the final decision on investments,” he said.
The foundation, a separate legal entity from the university, is responsible for raising money for SVSU. It distributes funding raised from alumni and other donors to the various endowments at SVSU. Currently, the foundation is working on building its endowments for the upcoming year.
One of the fundraisers that ran recently was the ‘Promise for Tomorrow’ campaign, which raised $23 million. Future
fund raising events will focus on bringing alumni closer to SVSU and other universities.
Andrew Bethune, executive director of the foundation, stated how important reconnecting with alumni is to the university.
“The most important thing to do is connect. We want to lecture and mentor our students to support the university they’re most interested in.”
“What we’re trying to do is build programs that make our university unique,” he continued.
The Foundation plans to bring P.J. Dempsey, an alumnus who developed a successful business and later sold it, to come here from Tampa, Fla. and lecture students in the College of Business and Management. The foundation also recently brought alumnus Dave Youngston from the accounting firm Yeo & Yeo to recruit SVSU students.
“We try to help all the different departments,” Mr. Bethune says.
Along with assisting the students, the foundation also uses its funding to thank its donors. Periodically, major gift campaigns are ran for donors to thank them for their support and participation. “Our efforts are in cultivating and soliciting donors, but also saying thank you,” Mr. Bethune adds.