Foundation of California State University, Monterey Bay (Foundation of CSUMB) manages an endowment for California State University, Monterey Bay which is based in Seaside, California. The earnings from endowment investments support scholarships, professorships, fellowships, and academic and public service progra The assets of the endowment are managed and administered by the board of directors.Foundation of California State University, Monterey Bay's investment portfolio is valued at $27.055 million, with investments in real estate, equities, fixed income, and cash.