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Salem State Foundation

2022 Foundation Members

About the Foundation

Working with the university and other partners, the foundation operates under the leadership of a 21-member board of directors comprised of alumni and community leaders who take their roles seriously as stewards of contributed private funds.

Mission and Vision Statement


Additional Information about the Foundation

Foundation Board


Annalisa C. Di Palma, Chair

Louis J. George '89, Vice Chair

Jeffrey V. Cicolini ’94, Treasurer

Andrea C. Liftman '75G, Secretary

Kathleen L. Skrabut, Immediate Past ChairEx-Officio

John D. Keenan, President, Salem State University (voting)

Debra Lee Surface ’05, ‘19G, President, Salem State University Alumni Association (voting)

Cheryl W. Crounse, Vice President, Advancement and Executive Director, Salem State University Foundation (non-voting)


Nancy A. Dias '09, '13G

Kim D. Gassett-Schiller ’83, '18H

Richard J. Gilmartin '76

David C. Gravel ‘78

Virginia C. Lyons '16

Joanne Mendes '79

Paul A. Petrowski ’66

Michael D. Procopio '12

Kate E. Reid

Joanne O. Ricciardiello '68, '19H

Stephen A. Rollins Jr.

C. David Surface '88

Elaine A. Zetes ‘88G

Audit/Finance Committee

The powers and duties of the audit/finance committee shall include:

  • Presenting an annual budget for Board approval at the annual meeting of the Board
  • Reviewing and recommending for Board action audits, accounting procedures, financial activities, and expenditures

Board Development Committee

The powers and duties of the board development committee shall include:

  • Presenting the slate of officers for election at the Annual Meeting
  • Identifying, cultivating and nominating, for election to the Board, directors who meet the needs of the Foundation
  • Facilitating new directors’ orientation
  • Identifying opportunities for involving directors in Foundation and Salem State University activities.

Fundraising and Engagement Committee

The powers and duties of the fundraising committee shall be:

  • Identifying prospective donors for cultivation in support of the Foundation and the University
  • Participating in cultivation and solicitation activities under the guidance of Advancement
  • Providing information helpful in prospect research
  • Actively encouraging Directors of the Board to meet their Director philanthropic contribution responsibilities

Investment Committee

  • The powers and duties of the investment committee shall include:
  • Recommending investment policies for Board approval not less frequently than annually
  • Reviewing and recommending for Board action the use of financial advisors and managers, spending policies, investment policies, and establishing and managing funds

Memorandum of Agreement between Salem State University and the Salem State Foundation.

With guidance from our advisors at Eastern Wealth Management, the foundation’s Investment Committee invests private contributions in ways that meet the needs of the Salem State community not met through public funding, which today accounts for less than 40 percent of university revenues.

The foundation also works with university partners to do the following:

  • Manage an endowment
  • Increase annual disbursements to academic and administrative departments
  • Cultivate and steward a culture of philanthropy

Tax ID 04-2620632

News about our Foundation Board members

Funds managed by Eastern Wealth Management

  • Endowment Asset Allocation pie chart

    Endowment Asset Allocation

    as of June 30, 2022
  • 2022 Endowment Asset Allocation graph

    Endowment Market Value Growth

    FY2012 - FY2022

Foundation Facts

  • $5.1M

    Raised in the last year!
  • 187%

    Scholarship growth over the last decade!
  • $41.7M

    Endowment market as of June 30, 2021
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