Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,533,728

• 1f · All other contributions, gifts and grants

  $196,462,809

• 1g · Noncash contributions included above

  $7,946,108

• 2a · Program service revenue: MEMBERSHIP INCOME

  total $146,284 · related or exempt $146,284 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $23,290,603 · unrelated business $1,614 · excluded $23,288,989

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $490,190,973

• 7b · Less cost or other basis and sales expenses

  securities $469,917,238

• 7c · Gain or loss

  securities $20,273,735

• 7d · Net gain or loss

  total $20,273,735 · excluded $20,273,735

• 8a · Fundraising events: gross income

  $347,216

• 8a · Fundraising events: contributions included on line 1c

  $1,533,728

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $347,216 · excluded $347,216

• 9a · Gaming: gross income

  $19,895

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $19,895 · excluded $19,895

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $360,047,440 · program services $360,047,440

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $0

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $8,215 · management and general $8,215

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $100,000 · management and general $100,000

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $285,466 · management and general $285,466

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $0

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $0

• 23 · Insurance

  total $0

• 24a · Other expenses: BANK CHARGES

  total $113,433 · management and general $113,433

• 24b · Other expenses: SPLIT-INTEREST FEES

  total $30,530 · management and general $30,530

• 24c · Other expenses: OTHER EXPENSES

  total $31,153 · management and general $31,153

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $339,224 · end of year $2,434,260

• 3 · Pledges and grants receivable

  beginning of year $63,822,231 · end of year $62,207,605

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $445,425,038 · end of year $520,291,812

• 12 · Investments: other securities

  beginning of year $1,171,383,535 · end of year $1,150,122,755

• 13 · Investments: program-related

  beginning of year $2,153,169 · end of year $3,313,169

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $54,676,554 · end of year $66,795,550

• 17 · Accounts payable and accrued expenses

  beginning of year $747,986 · end of year $1,278,031

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $34,925,000 · end of year $14,925,000

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $13,601,404 · end of year $13,095,718

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $58,058,522 · end of year $70,672,935

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,630,466,839 · end of year $1,705,193,467

The filer's explanations (Part III)

SCHEDULE J, PART III, SUPPLEMENTAL INFORMATION

COMPENSATION FROM RELATED ORGANIZATIONS: ALL UC SAN DIEGO FOUNDATION STAFF ARE EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA AND RECEIVE SALARY AND BENEFITS FROM THE UNIVERSITY. COMPENSATION DECISIONS FOR ALL EMPLOYEES ARE MADE BY THE UNIVERSITY OF CALIFORNIA FOLLOWING THE UNIVERSITY'S ESTABLISHED POLICIES. ALL COMPENSATED INDIVIDUALS LISTED IN PART VII OF THE FORM 990 ARE FULL TIME EMPLOYEES OF THE UNIVERSITY. PART I QUESTIONS REGARDING COMPENSATION ALL COMPENSATION AND BENEFITS OF ALL UNIVERSITY OF CALIFORNIA PERSONNEL, INCLUDING THOSE PERFORMING UC SAN DIEGO FOUNDATION RELATED WORK ARE DETERMINED BY WRITTEN UNIVERSITY OF CALIFORNIA AND UC SAN DIEGO CAMPUS POLICIES. ALL EXPENDITURES, REIMBURSEMENTS AND OTHER PAYMENTS ARE INCURRED BY THE CAMPUS AND NOT BY THE FOUNDATION DIRECTLY, PURSUANT TO WRITTEN POLICIES. LINE 1A: UNIVERSITY OF CALIFORNIA AND UC SAN DIEGO POLICIES DO NOT PERMIT THE ITEMS LISTED IN 1A TO BE PAID UNLESS BY A SPECIFIC EXCEPTION PROCESS. HOUSING IS PROVIDED BY THE UC SAN DIEGO CAMPUS FOR CHANCELLORS. LINE 2: BY UNIVERSITY OF CALIFORNIA/UC SAN DIEGO POLICY ALL EXPENSE REIMBURSEMENTS TO ANY EMPLOYEE, OFFICER OR DIRECTOR MUST BE SUBSTANTIATED. LINE 3: THE COMPENSATION OF THE FOUNDATION PRESIDENT IS DETERMINED BY UNIVERSITY OF CALIFORNIA POLICY AND BY THE APPROVAL OF THE REGENTS, AS NECESSARY. LINE 4: NO ONE LISTED ON FORM 990, PART VII, SECTION A RECEIVED ANY OF THE PAYMENTS LISTED IN LINE 4A-C. LINES 5, 6, 7: COMPENSATION IS NOT PAID BY UC SAN DIEGO BASED ON REVENUE OR NET EARNINGS OF EITHER THE FOUNDATION OR THE CAMPUS IN ANY MANNER. LINE 8: UNIVERSITY OF CALIFORNIA/UC SAN DIEGO DO NOT MAKE PAYMENTS RELATED TO THIS REGULATION SECTION. IT IS A CONDITION OF EMPLOYMENT THAT CHANCELLORS LIVE IN UNIVERSITY OWNED OR PROVIDED HOUSING. THE VALUE OF THE CHANCELLOR'S HOUSING IS NOT INCLUDED AS A PART OF TAXABLE COMPENSATION. PART II - OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES CFO CHASE WAS AN EMPLOYEE AT UCLA PRIOR TO COMING TO UC SAN DIEGO IN JUNE 2023. SIX MONTHS OF COMPENSATION IS RELATED TO EMPLOYMENT AT UCLA. FORMER CFO SHAVER RETIRED IN JUNE 2023. COMPENSATION INCLUDES PAYOUT OF VACATION ACCRUALS AT THE TIME OF RETIREMENT. SEE ADDITIONAL SUPPLEMENTAL INFORMATION REGARDING COMPENSATION ON SCHEDULE O.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (4)

  TRUST · CHARITABLE TRUST · CA

  Directly controlled by NA