Foundation Asked to Fund Presidential Compensation Supplements

The Board Chair requested that the Oregon Tech Foundation fund a 12% of base salary monthly supplement and a one-time 15% of base salary retention bonus for President Nagi Naganathan. These payments would recognize his role as chief fundraiser and align with a proposed contract extension through June 30, 2030.

Scope & details

The full contract record, as filed.

Contract amount

Foundation supplement (12% of base salary) plus one-time retention bonus (15% of base salary)

Contract type

FINANCIAL_SERVICES

Contract term

Supplements tied to presidential employment term through June 30, 2030

Renewal date

2030-06-30

Renewal

Proposed supplements would align with the extended presidential contract through June 30, 2030; actual implementation depends on Board and Foundation approval.

Document type

AgendaPacket

Source document

Oregon Tech Board of Trustees AgendaPacket Special Meeting 2026-07-30

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Oregon Institute Of Technology?

Oregon Tech Foundation was awarded this financial services contract by Oregon Institute Of Technology, as recorded on July 30, 2026. The contract value is Foundation supplement (12% of base salary) plus one-time retention bonus (15% of base salary).

How much is the Oregon Tech Foundation contract with Oregon Institute Of Technology worth?

The Oregon Tech Foundation contract with Oregon Institute Of Technology is valued at Foundation supplement (12% of base salary) plus one-time retention bonus (15% of base salary), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Oregon Tech Board of Trustees AgendaPacket Special Meeting 2026-07-30 (AgendaPacket), dated July 30, 2026 from Oregon Institute Of Technology. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oregon Tech Foundation hold?

Oregon Tech Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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