Board Meeting Tuesday, February 2, 2017

Visalia Country Club Annual Meeting 4:30 PM – 6:00 PM

AGENDA

Item Presenter

1. Welcome and Call to Order Josh McDonnell 2. Action Items

a. Board Meeting Minutes – November 15, 2016 Steve Beargeon b. 2017 Slate of Officers Josh McDonnell c. New Board Member Proposals Josh McDonnell

3. Board Member Volunteering for Committees/Task Forces Josh McDonnell 4. Treasurer’s Report Marla Borges

a. Audited Financial Statements b. Investment Portfolio Performance

5. Board of Trustee Report

6. Presidents Report – State of the District Stan Carrizosa

7. Foundation Director Report Tim Foster

8. Board Service Awards Tim Foster

9. Other Business All 10. Adjourn

1 of 10

Foundation Board Meeting

Summary – Tuesday, November 15, 2016 Sequoia Bldg., Room 1

12:30 p.m.

Members Present: Bob Ainley, Stephanie Amaral, Marla Borges, Tom Giampietro, Mariann Hedstrom, Mary Johnston, Josh McDonnell & Paula Murray Members Absent: Steven Beargeon, Stan Carrizosa, Tim Dodson, Scott Iverson, Jeff Nelson Ken Nunes, & BJ Perch JoeAnna Todd & Stephen Tootle Others Present: Tim Foster & Sylvia Stiff

1. Call to Order: Meeting called to order by the Board President, Josh McDonnell at 12:40

p.m.

2. Action Items: The Board President requested approval of the July and September 2016 meeting minutes. Ms. Murray called attention to the word grant and Paula that were misspelled in the last paragraph in item #6 of the July minutes. Mr. Giampietro motioned to approve July minutes with the requested change from Ms. Murray and also motioned to approve the September minutes as presented. A second from Ms. Amaral. Motion carried unanimously.

3. Board Retreat and Survey Debrief: Mr. McDonnell reflected on the September 20th retreat. The board commented on how they all enjoyed the presentations from the various programs that received Foundation Project Funding. Mr. Foster asked the board if they would like the presentations to continue and all were in agreement that they are beneficial. It was agreed that, in the future, we would have one presentation at our regularly scheduled meetings. Mr. Foster reviewed the results of the Board Strategic Survey. After some discussion amongst the board members, it was recommended that the board’s focus for the coming year should be to (1) initiate a President’s Scholars campaign to seek $2,500 donations to sponsor individual scholars for future years and (2) assist with finding additional COS Alumni following the Alumni Quest. Ms. Hedstrom motioned to approve President’s Scholars and Alumni campaigns to focus on with a second from Ms. Johnston. Motioned carried unanimously.

4. Board of Trustee & President’s Report: No Report

5. Foundation Report: Mr. Foster reported on the Employee Giving Campaign, Alumni Quest and upcoming theater presentation of White Christmas with a VIP reception.

Meeting adjourned at 4:00 p.m. Secretary Steve Beargeon Respectfully submitted by Sylvia Stiff

2 of 10

2017 Proposed Slate of Officers The following volunteer board members are set forth as the 2017 proposed slate of officers for the COS Foundation Board of Directors:

Board President – Josh McDonnell Vice President – Mary Johnston Treasurer – Marla Borges, CPA Secretary – Tim Dodson

3 of 10

College of the Sequoias Foundation

 Monthly Performance Analysis

 

Period Ended

December 31, 2016

 

 

 

  4 of 10

Indicator Period Ended December 31, 20161 Month YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs

S&P 500 2.0 % 12.0 % 12.0 % 8.9 % 14.7 % 6.9 %

Russell 1000 1.9 % 12.1 % 12.1 % 8.6 % 14.7 % 7.1 %

Russell Mid Cap 1.1 % 13.8 % 13.8 % 7.9 % 14.7 % 7.9 %

Russell 2000 2.8 % 21.3 % 21.3 % 6.7 % 14.5 % 7.1 %

MSCI EAFE 3.4 % 1.0 % 1.0 % -1.6 % 6.5 % 0.7 %

Morgan Stanley REIT Index 4.7 % 8.6 % 8.6 % 13.2 % 11.9 % 5.0 %

Barclays Aggregate 0.1 % 2.6 % 2.6 % 3.0 % 2.2 % 4.3 %

Barclays Municipal 1.2 % 0.2 % 0.2 % 4.1 % 3.3 % 4.2 %

Barclays Govt/Credit 0.2 % 3.0 % 3.0 % 3.0 % 2.3 % 4.4 %

91 Day T-Bills 0.0 % 0.3 % 0.3 % 0.1 % 0.1 % 0.7 %

Consumer Price Index -- -- -- -- -- --

College of the Sequoias Foundation

Total CompositeMarket Performance As of December 31, 2016

5 of 10

College of the Sequoias Foundation

Total CompositeAsset Allocation vs. Target Policy As of December 31, 2016

Asset Allocation vs. TargetAs Of December 31, 2016

Policy Range Policy % Current % Difference* %_

US Equity 30.0% - 60.0% $4,094,472 45.0% $4,264,389 46.9% $169,917 1.9%

International Equity 5.0% - 25.0% $1,364,824 15.0% $1,367,037 15.0% $2,213 0.0%

Fixed Income 20.0% - 40.0% $2,729,648 30.0% $2,616,508 28.8% -$113,140 -1.2%

Alternatives 0.0% - 20.0% $909,883 10.0% $847,418 9.3% -$62,465 -0.7%

Cash 0.0% - 60.0% $0 0.0% $3,475 0.0% $3,475 0.0%

Total $9,098,827 100.0% $9,098,827 100.0%XXXXX

*Difference between Policy and Current Allocation

6 of 10

Ending December 31, 2016 Inception

Market Value($)

% ofPortfolio Policy % 1 Mo

(%)3 Mo

(%)YTD(%)

FiscalYTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Return(%) Since

_

Total Composite 9,098,827 100.0 100.0 1.5 1.3 7.7 3.7 7.7 3.0 -- -- 3.6 Nov-13Allocation Index 1.5 0.4 9.2 3.6 9.2 4.0 -- -- 4.4 Nov-13Policy Index 1.5 1.2 8.6 4.9 8.6 5.4 -- -- 6.1 Nov-13Total Domestic Equity 4,264,389 46.9 45.0 1.3 2.4 10.6 5.6 10.6 5.7 -- -- 6.9 Nov-13

Russell 3000 2.0 4.2 12.7 8.8 12.7 8.4 14.7 7.1 9.9 Nov-13Alpine Capital Research: Equity Quality Return 910,340 10.0 0.7 0.6 8.7 5.0 8.7 6.6 11.2 9.2 7.2 Nov-13

Russell 3000 Value 2.6 7.2 18.4 11.4 18.4 8.6 14.8 5.8 9.9 Nov-13FMI Large Cap Institutional 1,066,576 11.7 0.6 4.8 13.8 8.0 13.8 7.6 13.3 7.6 9.0 Nov-13

Russell 1000 Value 2.5 6.7 17.3 10.4 17.3 8.6 14.8 5.7 9.9 Nov-13Mar Vista: Strategic Growth 1,784,255 19.6 1.2 -0.6 5.1 1.6 5.1 8.1 14.0 8.1 9.3 Mar-16

Russell 1000 Growth 1.2 1.0 7.1 5.6 7.1 8.6 14.5 8.3 13.5 Mar-16AMG River Road Small Cap Value I 503,218 5.5 4.6 12.3 27.3 17.7 27.3 7.9 13.4 5.8 8.5 Nov-13

Russell 2000 Value 4.1 14.1 31.7 24.2 31.7 8.3 15.1 6.3 9.8 Nov-13Total International Equity 1,367,037 15.0 15.0 1.0 -1.2 6.2 6.3 6.2 0.6 -- -- 0.6 Nov-13

MSCI ACWI ex USA 2.6 -1.3 4.5 5.6 4.5 -1.8 5.0 1.0 -1.4 Nov-13Dodge & Cox International Stock 483,741 5.3 2.4 3.4 8.3 13.8 8.3 -1.3 8.0 2.1 -0.3 Nov-13

MSCI ACWI ex USA 2.6 -1.3 4.5 5.6 4.5 -1.8 5.0 1.0 -1.4 Nov-13IVA International I 437,061 4.8 0.8 -1.8 2.8 1.7 2.8 1.9 6.2 -- 2.2 Nov-13

MSCI ACWI ex USA 2.6 -1.3 4.5 5.6 4.5 -1.8 5.0 1.0 -1.4 Nov-13Oppenheimer Developing Markets I 446,235 4.9 -0.2 -5.1 7.4 3.3 7.4 -3.9 3.2 4.4 15.3 Mar-16

MSCI Emerging Markets 0.2 -4.2 11.2 4.5 11.2 -2.6 1.3 1.8 19.1 Mar-16Total Fixed Income 2,616,508 28.8 30.0 1.4 1.6 3.6 1.9 3.6 1.9 -- -- 1.9 Nov-13

BBgBarc US Aggregate TR 0.1 -3.0 2.6 -2.5 2.6 3.0 2.2 4.3 2.6 Nov-13Metropolitan West Total Return Bond I 1,257,315 13.8 0.2 -2.5 2.6 -1.8 2.6 2.9 4.1 5.9 2.0 Sep-14

BBgBarc US Aggregate TR 0.1 -3.0 2.6 -2.5 2.6 3.0 2.2 4.3 2.2 Sep-14BlackRock Strategic Income Opps Instl 449,466 4.9 0.8 1.1 3.6 2.8 3.6 2.4 4.0 -- 2.6 Nov-13

BBgBarc US Universal TR 0.3 -2.6 3.9 -1.7 3.9 3.3 2.8 4.6 2.9 Nov-13

College of the Sequoias Foundation

Total CompositePerformance Summary As of December 31, 2016

7 of 10

Ending December 31, 2016 Inception

Market Value($)

% ofPortfolio Policy % 1 Mo

(%)3 Mo

(%)YTD(%)

FiscalYTD(%)

1 Yr(%)

3 Yrs(%)

5 Yrs(%)

10 Yrs(%)

Return(%) Since

_

Templeton Global Bond Adv 909,727 10.0 3.4 8.3 6.6 6.9 6.6 1.4 4.4 6.8 1.6 Nov-13Citi WGBI -0.7 -8.5 1.6 -8.3 1.6 -0.8 -1.0 3.0 -1.4 Nov-13

Total Alternatives 847,418 9.3 10.0 3.1 -0.9 7.7 -3.4 7.7 -3.3 -- -- -3.8 Nov-13Custom Alts Index 2.8 -0.8 8.5 -2.6 8.5 -2.0 -- -- -2.4 Nov-13iPath DJ-UBS Cmdty TR ETN 418,258 4.6 2.5 3.2 12.9 -1.9 12.9 -13.2 -10.6 -6.8 -14.7 Oct-14

Bloomberg Commodity 1.8 2.7 11.8 -1.3 11.8 -11.3 -9.0 -5.6 -12.5 Oct-14SPDR Dow Jones Global Real Estate ETF 429,160 4.7 3.6 -4.6 3.1 -4.9 3.1 7.3 9.7 -- 2.6 Sep-14

Dow Jones Global Select Real Estate Securities Index 3.9 -4.2 4.7 -4.2 4.7 8.4 10.8 2.8 3.7 Sep-14Total Cash 3,475 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -- -- 0.0 Nov-13

BofA Merrill Lynch 91-Day T-Bill 0.0 0.1 0.3 0.2 0.3 0.1 0.1 0.8 0.1 Nov-13XXXXX

College of the Sequoias Foundation

Total CompositePerformance Summary As of December 31, 2016

8 of 10

The information set forth herein is confidential and is for the sole use of our clients and prospective clients, and only in connection with the purposes for which it is presented. By accepting delivery of the information, the intended recipient agrees that: a) the information set forth and the methodologies utilized herein are proprietary to Beacon Pointe Advisors, LLC (BPA) and b) no part hereof will be reproduced, reprinted, disseminated, displayed, or utilized for any reason other than the purposes expressed by the client and BPA without the prior written consent of BPA. Returns are presented gross of fees and include the reinvestment of all income. Gross of fee returns do not reflect the reduction of custodial fees and BPA’s advisory fee but do reflect the reduction of trading expenses and applicable sub-adviser’s management fees. BPA has exercised all reasonable professional care in preparing the information. However, BPA has not independently verified, or attested to, the accuracy or authenticity of the information, including any investment performance measurement. Past performance is not indicative of future results. Valuations and returns stated in U.S. dollars. The collection of fees produces a compounding effect on the total rate of return net of management fees. As an example, the effect of investment management fees on the total value of a client’s portfolio assuming (a) quarterly fee assessment, (b) $1,000,000 investment, (c) portfolio return of 8% a year, and (d) 1.00% annual investment advisory fee would be $10, 416 in the first year, and cumulative effects of $59,816 over five years and $143,430 over ten years. Our current disclosure statement as set forth in ADV 2 of Form ADV as well as our Privacy Policy is available for your review upon request. BPA shall not be liable to customers or anyone else for the inaccuracy or nonauthenticity of the information or for any errors of omission in content regardless of the cause of such inaccuracy, non-authenticity, error, or omission, except to the extent arising from the sole gross negligence of BPA. In no event shall BPA be liable for consequential damages. Thank you for your continued confidence in Beacon Pointe. We appreciate your business. 

9 of 10

Foundation Report – February 2017

• Power of the Purseo The event netted $25,500; just short of our $25,000 goal, but better than

last year at $23,880o The committee has voted to double the number of scholarships this next

round. So ten single parents reentering college will receive a $2,000scholarship.

o Two recipients spoke at the event and they inspired many in the room.• Giant Alumni Quest

o COS Foundation effort to reconnect with hundreds of COS Alumnio We have broken the 225 Alumni mark, fewer than expectedo Five teams are seeking out alumni and encouraging them to complete an

Alumni Questionnaireo The Giant Alumni Quest officially ended December 9th

• Giving Tuesday November 29ho A few departments participatedo $6,665.02 was raised for our efforts.o Giant Food Pantry was the big winner, raising $4,588.31o The Foundation matched up to $1,000 to the Giant Pantry as the contest

award for top donations.• COS Theatre White Christmas VIP

o Raised an extra $1,250 over the ticket sales for the White ChristmasProduction.

• Avenue to Education – Capital Campaigno Launched a 14-month, $30,000 capital campaign to benefit the Student

Pavilion Project at the Hanford Educational Centero Proceeds will help fund a student bulletin system along with stage lighting

and a sound system for the amphitheater.o The Foundation has already committed to match community contributions,

if necessary, up to $15,000.o So far we have one $5,000 commitment from Educational Employees

Credit Union and a few gifts totaling a couple of thousand dollars as aresult of our participation in the Hanford Christmas Tree Auction last week.

• COS Upcoming Event Dateso Hanford Chamber Annual Awards Dinner, April 1st, 6-9PM, Hanford Civic

Auditorium – Mary Johnston named Woman of the Yearo Tulare CSF Celebration, April 4th, 12-1:30, Tulare Veterans Mem. Buildingo Hanford CSF Celebration, April 5th, 12-1:30, Hanford Civic Auditoriumo Visalia CSF Celebration, April 25th, 12-1:30, Visalia Convention Centero COS Athletics President’s Cup Golf Tournament, April 28th 10AM-5PM,

Visalia Country Clubo COS Equestrian Team Beast Feast, April 29th, 5:30-10PM, COS Tulare

College Center Campus Pavilion and Arenao COS Regatta, May 11th, 6-9PM, COS Pool

10 of 10