Cal Poly Financial Situation via State of California

<p>I’m hoping OsakaDad and others will respond to this and ease my fears. Now that my son is planning to attend Cal Poly engineering and passed up all his choices for private colleges I’m concerned about the dismal state of the California budget and the possible doom and gloom to come. It’s not that I’m just realizing this but there was a radio show on tonight that was very bleak.</p>

<p>Please point out reasons I should be optimistic! Will Cal Poly’s endowment help it through? Does anyone know Cal Poly’s specific plans for dealing with the budget problems. Help!</p>

<p>If you went to the parents open house coffee klatch Friday night you heard President Armstrong tell us the November election will be a turning point for the CSU (and UC) schools. He didn’t suggest we vote one way or the other, just that our votes will have a large influence on our children’s education.</p>

<p>We’ve simply GOT to pass that vote!! Seriously, if that quarter cent tax increase doesn’t happen, along with taxing the wealthier, I really fear for higher education. ALL education, for that matter. Governor Brown is not kidding when he says it’s important to pass this. </p>

<p>Anyone who is registered, PLEASE, PLEASE vote for this!! And, mention it to your friends, kids, family…EVERYONE! I don’t feel it’s a partisan matter. It’s about saving our education here in California! We’re all in this together, no matter what political party we belong to (or not.)</p>

<p>Okay. Done with my rant! :-)</p>

<p>Closetobroke – you did not make a mistake. Be a proud Mustang Parent! </p>

<p>It just so happens that I am an advanced financial planning specialist by profession and one of our key tax saving strategies for our clients is charitable gifting. I have been in communication with the school administration to see how I might be able to offer resources. I hope I can help, especially with soliciting gifts to the schools endowment via estate planning. Bottom line, regardless of how the vote goes, the school must begin an aggressive capital campaign to fund its endowment. Fortunately they already have a good start with $147 million in assets. Not enough and far smaller than many privates, but it is an excellent start.</p>