Campanile Foundation
- Assets
- $517.7m
- Revenue
- $63.3m
- Investments
- $430.7m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 33-0868418
Organization Overview
Campanile Foundation is located in San Diego, CA. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Campanile Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Campanile Foundation generated $63.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $36.9m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Campanile Foundation has awarded 35 individual grants totaling $195,138,259. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE INCREASED PRIVATE GIVING AND PHILANTHROPIC ASSET MANAGEMENT FOR THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS PROGRAMS ADMINISTERED BY THE UNIVERSITY: THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF ACADEMIC AND ATHLETIC ACTIVITIES ADMINISTERED BY SAN DIEGO STATE UNIVERSITY. THE AMOUNT OF FUNDS GRANTED TO THE UNIVERSITY FOR THIS PURPOSE DURING THE YEAR REPORTED ON THIS RETURN WAS $21,986,147.
STUDENT SCHOLARSHIPS ADMINISTERED BY THE UNIVERSITY: THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF SCHOLARSHIPS. SCHOLARSHIP PAYMENTS ARE ADMINISTERED BY THE UNIVERSITY'S OFFICE OF FINANCIAL AID AND SCHOLARSHIP (OFAS). THE OFAS ADMINISTERS THE UNIVERSITY SCHOLARSHIP PROGRAMS IN ACCORDANCE WITH THE POLICIES OF THE CALIFORNIA STATE UNIVERSITY SYSTEM, SAN DIEGO STATE UNIVERSITY, AND APPLICABLE FEDERAL LAW AND REGULATIONS, ALONG WITH THE RESTRICTIONS CONTAINED IN INDIVIDUAL DONOR AGREEMENTS. THE AMOUNT OF SCHOLARSHIPS AWARDED BY THE OFAS AND FUNDED BY THE CAMPANILE FOUNDATION WAS $6,896,914.
SUPPORT OF INDIVIDUAL COLLEGES: THE CAMPANILE FOUNDATION ADMINISTERS PROGRAMS THAT SUPPORT SUBSTANTIALLY ALL THE UNIVERSITY'S INDIVIDUAL COLLEGES. THE AMOUNT OF SUPPORT FOR EACH COLLEGE IS BASED ON THE WISHES OF INDIVIDUAL DONORS AND THE WISDOM OF THE UNIVERSITY'S ADMINISTRATION.THE AMOUNT OF SUPPORT TO THE COLLEGES DURING THE YEAR REPORTED ON THIS RETURN WAS $14,504,539.
SUPPORT OF ATHLETICS ACTIVITIES: THE CAMPANILE FOUNDATION RECEIVED NON-PHILANTHROPIC FUNDS GENERATED FROM MULTI-YEAR PREMIUM SUITE AND SEATING PURCHASES FOR FOOTBALL AND BASKETBALL GAMES, WHILE ASSISTING THE ATHLETICS DEPARTMENT IN MANAGING THESE SEAT REVENUES. THE TOTAL SUPPORT PROVIDED TO THE ATHLETICS DEPARTMENT DURING THE REPORTED YEAR AMOUNTED TO $11,256,528.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adela DE La Torre Sdsu Pres- Dir | OfficerTrustee | 4 | $0 |
Adrienne Vargas President & CEO | OfficerTrustee | 10 | $0 |
Deann Cary Director | Trustee | 0.5 | $0 |
Nikki Clay Director | Trustee | 1 | $0 |
Mary Curran Director | Trustee | 0.5 | $0 |
Julie Dillon Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Techstars Central Llc Consulting | 6/29/23 | $2,290,000 |
Meketa Fiduciary Management Consulting | 6/29/23 | $320,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $174,712 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,561,574 |
| Noncash contributions included in lines 1a–1f | $1,194,352 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,736,286 |
| Total Program Service Revenue | $0 |
| Investment income | $694,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,277,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,549,743 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,260 |
| Fees for services: Accounting | $53,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $297,872 |
| Fees for services: Other | $727,963 |
| Advertising and promotion | $346,318 |
| Office expenses | $5,109,248 |
| Information technology | $492,416 |
| Royalties | $0 |
| Occupancy | $164,166 |
| Travel | $2,044,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $770,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $36,911,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,411,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,408,752 |
| Accounts receivable, net | $2,535,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $430,746,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,604,675 |
| Total assets | $517,706,793 |
| Accounts payable and accrued expenses | $19,487,634 |
| Grants payable | $0 |
| Deferred revenue | $3,880,085 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,967,002 |
| Total liabilities | $62,334,721 |
| Net assets without donor restrictions | $6,514,872 |
| Net assets with donor restrictions | $448,857,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $517,706,793 |
Grants Awarded
Over the last fiscal year, Campanile Foundation has awarded $32,950,601 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SAN DIEGO STATE UNIVERSITY PURPOSE: GENERAL SUPPORT | $29,916,263 |
CHRIST FOR HUMANITY INC PURPOSE: GENERAL SUPPORT | $10,809 |
SDSU RESEARCH FOUNDATION PURPOSE: GENERAL SUPPORT | $3,016,529 |
WOUNDED WARRIOR PROJECT PURPOSE: GENERAL SUPPORT | $7,000 |