Dear Supporters of Cal Baseball:
On behalf of the Cal Baseball Foundation and the University Department of Intercollegiate
Athletics, we are issuing this first annual progress and financial report since the reinstatement of
the Intercollegiate Men’s Baseball Program.
As we close 2011 and enter 2012 we celebrate the transition from the successful Save Cal
Baseball Campaign to the full cooperation between the Cal Baseball Foundation and the
University to secure the future of the Baseball Program for future generations.
Progress Report
In July 2011 the Foundation established a work plan for its first year of operation to advance the
development of a permanent program endowment, increase annual giving to the program,
increase in-season revenue through an improved game day experience, and complete both nearand
long-term improvements to Evans Diamond.
We are pleased to report that significant progress is being made toward all of these objectives
(Table 1). The collaboration between the Foundation and the Cal Athletics Department is working
well, we are in frequent communication to coordinate activities, and the Department is meeting its
commitment to provide clear and timely financial reporting.
Financial Report
The Foundation and Cal Athletics Department are reporting on a quarterly basis on the
performance of the pledge collections and the transfers from the term endowment to the Baseball
Program operating budget.
As of the end of 2011, over 1,100 donors have pledged funds to the Save Cal Baseball Campaign.
These include donors who have made their pledges directly to the University for this purpose as
well as those who pledged through the Save Cal Baseball web site. We are in collective receipt of
over $1.8 million for the first-year’s pledge fulfillment.
All funds collected by the University are deposited in a term endowment fund managed by the
UC Berkeley Foundation. These funds are restricted for the sole purpose of covering annual
operating expenses incurred by the Baseball Program. The Athletic Department CFO meets at
least once per quarter with the Foundation Finance Committee to review and confirm program
revenues and expenses. The University will report on the Baseball term endowment fund balance
and investment returns on an annual basis beginning October 2012.
First Pitch Scholarship Dinner
On February10, the Cal Baseball Foundation sponsored the First Pitch Scholarship Dinner with a
sell-out crowd of over 350 attendees. The Foundation used this occasion to present a check for
$300,000 to Chancellor Birgeneau, the first fund transfer from the Foundation to the University’s
term endowment Baseball Fund on behalf of the Save Cal Baseball Campaign.
We greatly appreciate your support to the Baseball Program and especially thank those who have
already sent in their pledge payments. If you have not yet made your first-year payment, please
do so as soon as possible or we will be in contact with you in the next few weeks to urge you to
do so. In the meantime, should you have any questions about your payment, please contact David
Ortega, Director, Alumni Relations and Operations, Intercollegiate Athletics, at (510) 643-0882
or dortega@berkeley.edu .
Through the generosity of our donors, the commitment of an expanding base of volunteers, and
the hard work of the Cal Baseball Foundation and the Cal Athletics Department staff, we look
forward to a successful 2012 Baseball season and continued progress toward a secure financial
future.
