University Of California Irvine Foundation
- Assets
- $884.0m
- Revenue
- $143.5m
- Investments
- $638.9m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 09/1968
- Data as of
- 06/2021
- EIN
- 95-2540117
Organization Overview
University Of California Irvine Foundation is located in Irvine, CA. The organization was established in 1968. 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. University Of California Irvine 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 06/2021, University Of California Irvine Foundation generated $143.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $102.0m during the year ending 06/2021. While expenses have increased by 10.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND MANAGE PRIVATE FUNDS TO SUPPORT UCI'S BROADER MISSION OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE.
Describe the Organization's Program Activity:
THE UCI FOUNDATION CREATES OPPORTUNITIES FOR THE RECRUITMENT OF FACULTY, SUPPORT OF STUDENTS AND THE BUILDING OF FACILITIES THAT ALLOWS UC IRVINE TO SOLIDIFY ITS STEADY GROWTH AS ONE OF THE NATION'S PREMIER RESEARCH UNIVERSITIES. GRANT SUPPORT HAS BEEN GIVEN FOR A VAST ARRAY OF RESEARCH INCLUDING MEDICINE, SCIENCE, HUMANITIES AND TECHNOLOGY AS WELL AS MERIT BASED SCHOLARSHIPS AND FELLOWSHIPS AND INSTRUCTION. THE UCI FOUNDATION HAS ENDOWED CHAIRS, SUPPORTED NEW RESEARCH, TEACHING FACILITIES AND OTHER CAMPUS IMPROVEMENTS. DURING THE YEAR ENDING JUNE 30, 2021 THE FOUNDATION PROVIDED THE FOLLOWING TO THE UNIVERSITY.COLLEGE OF HEALTH SCIENCE $28,074,250 HENRY SAMUELI SCHOOL OF ENGINEERING 18,624,106SCHOOL OF MEDICINE 16,231,858HEALTH AFFAIRS 5,459,630NON-ACADEMIC UNITS 5,066,930 OTHER 4,947,180OFFICE OF RESEARCH 3,074,137DONALD BREN SCHOOL OF INFORMATION AND COMPUTER SCIENCE 3,000,998PAUL MERAGE SCHOOL OF BUSINESS 1,863,823SOCIAL SCIENCES 1,407,552SOCIAL ECOLOGY 1,265,908PHYSICAL SCIENCES 1,114,015CLAIRE TREVOR SCHOOL OF THE ARTS 1,112,321SCHOOL OF BIOLOGICAL SCIENCES 899,032SCHOOL OF EDUCATION 807,776SCHOOL OF LAW 762,975HUMANITIES 758,092PHARMACEUTICAL SCIENCES 668,836ATHLETICS 312,283UCI LIBRARIES 208,635CENTER FOR NEUROBIOLOGY OF LEARNING & MEMORY 163,922UCI MEDICAL CENTER 110,000SUE & BILL GROSS SCHOOL OF NURSING 85,600PROGRAM IN PUBLIC HEALTH 29,380TOTAL $ 96,049,239
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Newcomb Hill Board Chair | OfficerTrustee | 1 | $0 |
James V Mazzo Chair Advisory Committee | OfficerTrustee | 1 | $0 |
Dean A Yoost Chair Audit Committee | OfficerTrustee | 1 | $0 |
Mark C Kehke Chair Nom/gov. (thru 5/3/21) | OfficerTrustee | 1 | $0 |
Brian T Hervey President | OfficerTrustee | 20 | $0 |
Howard Gillman PHD Chancellor | OfficerTrustee | 10 | $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 | $113,702,095 |
| Noncash contributions included in lines 1a–1f | $57,684,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,702,095 |
| Total Program Service Revenue | $0 |
| Investment income | $9,913,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $244,393 |
| Net Gain/Loss on Asset Sales | $19,663,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,548,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,049,239 |
| 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 | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $62,959 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,529,342 |
| Fees for services: Other | $128,099 |
| Advertising and promotion | $58,313 |
| Office expenses | $311,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $192,457 |
| All other expenses | $0 |
| Total functional expenses | $101,952,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248,504 |
| Savings and temporary cash investments | $65,242,999 |
| Pledges and grants receivable | $61,369,581 |
| Accounts receivable, net | $0 |
| 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 | $112,739,077 |
| Investments—other securities | $638,855,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,550,840 |
| Total assets | $884,006,067 |
| Accounts payable and accrued expenses | $793,816 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,521,364 |
| Total liabilities | $3,315,180 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $880,690,887 |
| Total liabilities and net assets/fund balances | $884,006,067 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of California Irvine Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Shanbrom Fam Foundation Ojai, CA PURPOSE: SCHOLARSHIPSNATURESCAPE | $50,000 |
Endowment Analysis
| Beg. Balance | $532,004,542 |
| Earnings | $183,709,235 |
| Admin Expense | $8,840 |
| Net Contributions | $58,594,337 |
| Grants | $12,190,412 |
| Ending Balance | $762,108,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Foundation Eugene, OR | $1,406,809,391 | $267,924,803 |
The Ucla Foundation Los Angeles, CA | $5,049,182,336 | $636,368,398 |
University Of California San Francisco Foundation San Francisco, CA | $3,419,389,574 | $724,265,070 |
University Of California Berkeley Foundation Berkeley, CA | $2,480,595,373 | $338,166,506 |
Cal Poly Pomona Foundation Inc Pomona, CA | $112,439,496 | $53,807,212 |
San Diego State University Foundation San Diego, CA | $208,622,845 | $174,580,877 |
University Of Arizona Foundation Tucson, AZ | $1,402,381,950 | $279,111,154 |
Oregon Health And Science University Foundation Portland, OR | $1,419,565,425 | $108,603,763 |
Arizona State University Foundation For A New American University Tempe, AZ | $1,623,439,615 | $233,378,142 |
Oregon State University Foundation Corvallis, OR | $1,086,662,227 | $272,172,005 |
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |