University Of California Irvine Foundation
- Assets
- $869.5m
- Revenue
- $225.1m
- Investments
- $648.4m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 09/1968
- Data as of
- 06/2022
- 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 06/2022, University Of California Irvine Foundation generated $225.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $131.0m during the year ending 06/2022. While expenses have increased by 13.1% per year over the past 7 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
2022
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, 2022 THE FOUNDATION PROVIDED THE FOLLOWING TO THE UNIVERSITY.COLLEGE OF HEALTH SCIENCE $47,297,677HENRY SAMUELI SCHOOL OF ENGINEERING 26,616,548SCHOOL OF MEDICINE 12,361,284NON-ACADEMIC UNITS 8,134,753HEALTH AFFAIRS 5,321,585OTHER 3,596,437PAUL MERAGE SCHOOL OF BUSINESS 3,154,233PHYSICAL SCIENCES 2,560,610DONALD BREN SCHOOL OF INFORMATION AND COMPUTER SCIENCE 2,482,547OFFICE OF RESEARCH 2,097,025SOCIAL SCIENCES 1,448,535HUMANITIES 1,350,120SOCIAL ECOLOGY 1,266,828PHARMACEUTICAL SCIENCES 1,227,998CLAIRE TREVOR SCHOOL OF THE ARTS 941,000SCHOOL OF LAW 918,154ATHLETICS 744,323SCHOOL OF EDUCATION 708,457SCHOOL OF BIOLOGICAL SCIENCES 699,553CENTER FOR NEUROBIOLOGY OF LEARNING & MEMORY 492,043UCI LIBRARIES 291,666SUE & BILL GROSS SCHOOL OF NURSING 130,500PROGRAM IN PUBLIC HEALTH 44,533UCI MEDICAL CENTER 10,000TOTAL $ 123,896,409
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Gillman PHD Chancellor | OfficerTrustee | 10 | $0 |
Brian T Hervey President | OfficerTrustee | 20 | $0 |
Julie Newcomb Hill Board Chair | OfficerTrustee | 1 | $0 |
D Robinson Cluck Chair Invest & Fin Committee | OfficerTrustee | 1 | $0 |
James V Mazzo Chair Advisory Committee | OfficerTrustee | 1 | $0 |
Dean A Yoost Chair Audit Committee | OfficerTrustee | 1 | $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 | $163,527,823 |
| Noncash contributions included in lines 1a–1f | $47,245,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,527,823 |
| Total Program Service Revenue | $0 |
| Investment income | $11,888,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225,199 |
| Net Gain/Loss on Asset Sales | $49,469,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,130,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $123,896,409 |
| 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 | $55,937 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,995,612 |
| Fees for services: Other | $138,041 |
| Advertising and promotion | $71,972 |
| Office expenses | $220,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,536 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $192,457 |
| All other expenses | $0 |
| Total functional expenses | $130,984,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,026,305 |
| Savings and temporary cash investments | $79,087,625 |
| Pledges and grants receivable | $63,854,904 |
| 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 | $71,699,499 |
| Investments—other securities | $648,426,643 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,439,800 |
| Total assets | $869,534,776 |
| Accounts payable and accrued expenses | $1,798,246 |
| 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 | $2,102,258 |
| Total liabilities | $3,900,504 |
| 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 | $865,634,272 |
| Total liabilities and net assets/fund balances | $869,534,776 |