b'ABOUT THE NEW MEXICO STATE UNIVERSITY FOUNDATIONThe NMSU Foundation is a nonprofit organization that builds a brighter future for New Mexico State University, one relationship at a time. Our Foundations mission is to foster long-term relationships with our alumni, supporters, and community in order to secure, manage, steward, and protect a sustainable source of private resources that will enhance the ability of NMSU to fulfill itsland-grant mission. YEAR IN REVIEWBy investing and stewarding endowed assets that have been contributed by generous donors since 1959, the Foundation aims to preserve the purchasing power of gifts in perpetuity, while providing steady earnings for NMSU. Each of approximately 1,949 individual endowments are managed in the Foundations long-term investment pool, which had a total value of more than $230 million as of June 30, 2021. Endowed gifts are powerful given their long-term financial impact. Due to their perpetual nature, funds must be invested in a manner in which we can expect to earn a long-term rate of return necessary to maintain future purchasing power to support current and future educational programs and meet the funding requirements of the Foundation and university. The Foundation invests in a well-diversified portfolio of growth-oriented strategies designed to achieve our return objectives. We manage the portfolio in partnership with an experienced Outsourced Chief Investment Officer, who assists us in allocating capital to a broad range of investment opportunities, which are highly diversified across asset categories, geographies, and economic sectors.BOARD OF DIRECTORSChair. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Robert Bobby LutzThe NMSU Foundations Board of Directors is responsible for the managementVice Chair. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Kyle Louvarof our organization, and bears fiduciary responsibility for the investment andImmediate Past Chair. . . . . . . . . . . . . . . . . . . . . . . . . .Philip Cookmanagement of all funds raised by the Foundation on behalf of NMSU. Treasurer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Eric PowellThe board is comprised of approximately 30 members located across theSecretary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Frank SeidelUnited States, the majority of which are also proud NMSU alumni.New Mexico State University Foundation2'