U C San Diego Foundation
- Assets
- $1.7b
- Revenue
- $217.3m
- Investments
- $1.2b
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 11/1996
- Data as of
- 06/2023
- EIN
- 95-2872494
Organization Overview
U C San Diego Foundation is located in La Jolla, CA. The organization was established in 1996. 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. U C San Diego 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 06/2023, U C San Diego Foundation generated $217.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $168.7m during the year ending 06/2023. While expenses have increased by 7.6% 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.
Since 2017, U C San Diego Foundation has awarded 14 individual grants totaling $831,486,524. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE AND RAISE PRIVATE SUPPORT FOR THE UNIVERSITY OF CALIFORNIA SAN DIEGO, FOR THE PURPOSE OF ITS RESEARCH, TEACHING AND PUBLIC SERVICE MISSION.
Describe the Organization's Program Activity:
GRANTS IN SUPPORT OF PROGRAMS OF THE UNIVERSITY OF CALIFORNIA, SAN DIEGO: $74,842,304 FOR RESEARCH RELATED FACULTY SUPPORT, $58,748,955 FOR GENERAL DEPARTMENT SUPPORT, $16,531,363 FOR STUDENT AID, $5,689,974 FOR CAPITAL PROJECT CONSTRUCTION, $1,302,953 FOR PATIENT CARE.
INVESTMENT EARNINGS PROVIDED TO SUPPORT UC SAN DIEGO FOUNDATION'S OPERATING COSTS, AS WELL AS OTHER FUNDRAISING COSTS, BOTH INCURRED BY THE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Khosla Chancellor & President | OfficerTrustee | 1 | $0 |
A Spira Executive Vice President | OfficerTrustee | 10 | $0 |
M Cruz Vice President | Officer | 10 | $0 |
D Hunsinger Vice President | Officer | 10 | $0 |
M Shaver CFO (through 6/9/23) | Officer | 30 | $0 |
C Chase CFO (effective 6/9/23) | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,671,355 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,628,459 |
| Noncash contributions included in lines 1a–1f | $28,141,035 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,299,814 |
| Total Program Service Revenue | $42,217 |
| Investment income | $22,872,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,856,377 |
| Net Income from Fundraising Events | $263,769 |
| Net Income from Gaming Activities | $10,820 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,345,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,607,575 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $15,611 |
| Total functional expenses | $168,718,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $339,224 |
| Pledges and grants receivable | $63,822,231 |
| 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 | $445,425,038 |
| Investments—other securities | $1,171,383,535 |
| Investments—program-related | $2,153,169 |
| Intangible assets | $0 |
| Other assets | $54,676,554 |
| Total assets | $1,737,799,751 |
| Accounts payable and accrued expenses | $747,986 |
| Grants payable | $0 |
| Deferred revenue | $34,925,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,601,404 |
| 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 | $58,058,522 |
| Total liabilities | $107,332,912 |
| 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 | $1,630,466,839 |
| Total liabilities and net assets/fund balances | $1,737,799,751 |
Grants Awarded
Over the last fiscal year, U C San Diego Foundation has awarded $168,607,575 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: SUPPORT UNIV. PROG. | $168,499,619 |
THEATER & ARTS FOUNDATION OF SAN DIEGO PURPOSE: SUPPORT OF PROGRAMS | $107,956 |