The CSUS Foundation Board of Directors will hear and discussreports from recent meetings of the Budget and Finance Committeeabout the financial statements up to September of this year at aFriday meeting.

The executive committee of the CSUS Foundation met Nov. 25 toreview the agenda for the next Board of Directors meeting.

Attending the meeting were university president AlexanderGonzalez, board chairperson Doraiswamy Ramachandran, board vicechairperson Chevelle Newsome, Foundation executive director ElroyLittlefield and staff liason Nancy Pennebaker.

Associated Students, Inc. president Peter Ucovich was the onlymember of the executive committee not present at the meeting.

Littlefield said at the meeting that the Foundation is onbudget. The board will hear a financial update from the Budget andFinance Committee chaired by Ramachandran. Ramachandran agreed withLittlefield that the Foundation is financially on target.

The agenda will also include reports from the InvestmentCommittee who has been reviewing its investments and efforts tocease investing in tobacco companies. Gonzalez commented aboutstudents campaigning for the university’s Career Center toexclude tobacco companies from recruiting employees on campus.

“This is interesting because they are such bigconglomerates,” Gonzalez said.

Ramachandran said the Foundation had found their investmentswere doing better without the tobacco companies.

The board spoke about the retirement of the Vice President forBusiness and Administration Edward Del Biaggio next June andfinding a replacement for Director of Grants and ContractsAdministration Joyce Hendricks-Lopes, who is leaving theFoundation.

The finalized agenda for the Friday meeting will be posted onthe door of the Bookstore building this week.