CSULB 49er Foundation is an independent non-profit foundation that manages an endowment fund based in Long Beach, California. Founded in 1949, the mission of CSULB 49er Foundation is to actively promote philanthropy and manage donated resources for the advancement of California State University, Long Beach (CSULB). The organization administer contracts, grants, non-philanthropic dollars and non-state dollars as well as management of philanthropic dollars and the university's endowment. Some of these funds support scholarships, while others support annual lectures, departments, and programs. The CSULB endowment is managed by the CSULB 49er Foundation Board of Directors.