The UC San Diego Foundation is a nonprofit 501(c)(3) corporation (Tax ID #95-2872494) which was established in 1972, in response to the University's recognition that private support is essential to maintaining and enhancing the margin of excellence at UC San Diego. The Foundation helps UC San Diego obtain private gifts (in support of research, teaching, and public service) and manages the gift assets.
Distinguished community members, University administrators, and faculty and alumni representatives make up the 42-member Board of Trustees that governs the Foundation. The Board meets quarterly in regular session, and the Foundation's standing committees meet throughout the year to review Foundation business and to recommend action. The Foundation's standing committees include Audit, Donor Relations and Stewardship, Executive, Investment/Finance, Student Foundation, and Trustee Recruitment and Engagement. The Foundation has special committees that meet as needed.
From the Foundation's inception in 1972, members of the Board of Trustees have formed a crucial link between UC San Diego and the community. The Trustees communicate about UC San Diego to the public, and in so doing, build interest in the campus and support for its programs. The excellence that UCSD has achieved has been assisted by the community, and the Trustees and volunteers who serve the UC San Diego Foundation continue to play a critical role in the growth and success of the campus.
The Foundation accepts, administers, and invests private gifts in the form of cash and real or personal property and manages the funds either as endowments or as funds available for current expenditure. The Foundation’s net position at June 30, 2016 was $721 million, of which the endowment comprised approximately $380 million.
The continuing growth in these areas is a reflection of the University's commitment to the development of private support to sustain its quest for excellence.