University Of California Merced Foundation

Organization Overview

University Of California Merced Foundation is located in Merced, CA. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. University Of California Merced 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, University Of California Merced Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE UC MERCED FOUNDATION WAS FORMED FOR THE PURPOSE OF ENCOURAGING VOLUNTARY PRIVATE GIFTS, TRUSTS, AND BEQUESTS FOR THE BENEFIT OF THE UNIVERSITY OF CALIFORNIA, MERCED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AND OTHER PROGRAM AWARDS MONIES WERE TRANSFERRED FROM THE UC MERCED FOUNDATION TO THE UNIVERSITY OF CALIFORNIA, MERCED IN SUPPORT OF SCHOLARSHIPS AND AWARDS. THE UNIVERSITY OF CALIFORNIA, MERCED ASSUMES FIDUCIARY RESPONSIBLILTY FOR AWARDING AND ADMINISTERING THE FUNDS.


THE FOUNDATION RAISES, RECORDS AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, ORGANIZATIONS AND FOUNDATIONS FOR THE SOLE BENEFIT OF UC MERCED IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF AWARDS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UC MERCED TO REIMBURSE FOR PERSONNEL SERVICES AND USE OF FACILITIES PROVIDED TO THE FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary
$0
Name Not Listed
Board Chair
$0
Name Not Listed
Immediate Past Chair
$0
Name Not Listed
President/ceo
$0
Name Not Listed
Vice President
$0
Name Not Listed
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,652,512
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,652,512
Total Program Service Revenue$0
Investment income $85,140
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $382,761
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,120,413

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