Form 990 for tax year 2023
Filed by UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION.
Totals
- Total revenue
- $574,922,520
- Total expenses
- $458,159,850
- Contributions and grants received
- $442,192,065
- Grants paid
- $435,817,277
- Program service revenue
- $0
- Investment income
- $132,730,455
- Other revenue
- $0
- Total assets, end of year
- $4,297,314,489
- Total liabilities, end of year
- $484,203,716
- Net assets or fund balances, end of year
- $3,813,110,773
- Program services expenses (Part IX)
- $435,817,277
- Management and general expenses
- $22,342,573
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $435,817,277
Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$442,192,065
-
1g · Noncash contributions included above
$118,312,580
-
3 · Investment income
total $33,546,083 · unrelated business $667,753 · excluded $32,878,330
-
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 $1,377,087,000
-
7b · Less cost or other basis and sales expenses
securities $1,277,902,628
-
7c · Gain or loss
securities $99,184,372
-
7d · Net gain or loss
total $99,184,372 · excluded $99,184,372
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
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 $435,817,277 · program services $435,817,277
-
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 $61,085 · management and general $61,085
-
11c · Fees: accounting
total $247,806 · management and general $247,806
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $20,462,324 · management and general $20,462,324
-
11g · Fees: other
total $1,571,358 · program services $0 · management and general $1,571,358 · fundraising $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
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 $166,665,751 · end of year $210,741,838
-
3 · Pledges and grants receivable
beginning of year $800,393,796 · end of year $742,419,946
-
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 $322,958,507 · end of year $281,230,671
-
12 · Investments: other securities
beginning of year $2,807,173,025 · end of year $3,008,506,875
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $27,753,366 · end of year $54,415,159
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $23,500,000 · end of year $24,000,000
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $17,319,543 · end of year $18,660,139
-
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 $474,694,663 · end of year $441,543,577
-
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 $3,609,430,239 · end of year $3,813,110,773
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
SEE SCHEDULE 0
-
IN 2024, DISTRIBUTIONS TO UCSF AND RELATED AFFILIATES TOTALED $436 MILLION. DISTRIBUTIONS ARE BASED ON UCSF'S PROGRAMMATIC NEEDS, SUBJECT TO GIFT RESTRICTIONS AND THE FUNDS AVAILABLE IN ANY PARTICULAR YEAR. THEY INCLUDE TRANSFERS OF GIFTS INTENDED TO FUND CAPITAL PROJECTS, GIFTS FOR OTHER PURPOSES, AND ENDOWMENT INCOME. 2024 DISTRIBUTIONS FOR CAPITAL PROJECTS - INCLUDING WEILL NEUROSCIENCES BUILDING, BAKAR RESEARCH AND ACADEMIC BUILDING AND CENTER FOR VISION NEUROSCIENCE BUILDING - TOTALED $22 MILLION. NONCAPITAL DISTRIBUTIONS SUPPORTING RESEARCH, FACULTY, INSTITUTIONAL SUPPORT, MEDICAL CENTER, TEACHING HOSPITAL, INSTRUCTION, STUDENT FINANCIAL AID AND ACADEMIC SUPPORT NEEDS TOTALED $414 MILLION.
Expenses $435,817,277
As filed on the 2023 return.
Listed in Part VII
-
samuel hawgood
president
- Total calculated
- $1,001,711
- From this org
- $0
- From related orgs
- $993,542
- Other
- $8,169
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $945,758 related
- Bonus
- $0
- Other
- $0 + $47,784 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $8,169 related
- Filer's total
- $0 + $1,001,711 related
-
erin hickey
vice president
- Total calculated
- $566,744
- From this org
- $0
- From related orgs
- $566,600
- Other
- $144
- Hours/week
- 12 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $565,640 related
- Bonus
- $0
- Other
- $0 + $960 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $144 related
- Filer's total
- $0 + $566,744 related
-
erin gore
treasurer
- Total calculated
- $558,103
- From this org
- $0
- From related orgs
- $543,765
- Other
- $14,338
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $541,557 related
- Bonus
- $0
- Other
- $0 + $2,208 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $14,338 related
- Filer's total
- $0 + $558,103 related
-
michael s clune
former interim treasurer
- Total calculated
- $380,378
- From this org
- $0
- From related orgs
- $378,473
- Other
- $1,905
- Hours/week
- 0 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $378,473 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $1,905 related
- Filer's total
- $0 + $380,378 related
-
joseph calger
assistant treasurer
- Total calculated
- $289,283
- From this org
- $0
- From related orgs
- $275,955
- Other
- $13,328
- Hours/week
- 12 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $275,955 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $13,328 related
- Filer's total
- $0 + $289,283 related
-
paul velaski
secretary
- Total calculated
- $274,404
- From this org
- $0
- From related orgs
- $268,047
- Other
- $6,357
- Hours/week
- 12 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $268,047 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $6,357 related
- Filer's total
- $0 + $274,404 related
-
John Gardner Trimble
assistant secretary
- Total calculated
- $243,081
- From this org
- $0
- From related orgs
- $237,494
- Other
- $5,587
- Hours/week
- 12 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $237,494 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,587 related
- Filer's total
- $0 + $243,081 related
-
PHILIP HAMMARSKJOLD
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
DANA EMERY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
andrew ballard
director
- Total calculated
- $0
- Hours/week
- 1
-
barbara bass bakar
director
- Total calculated
- $0
- Hours/week
- 1
-
allison bhusri
director
- Total calculated
- $0
- Hours/week
- 1
-
susan bloch
director
- Total calculated
- $0
- Hours/week
- 1
-
peter briger
director
- Total calculated
- $0
- Hours/week
- 1
-
todd carter
director
- Total calculated
- $0
- Hours/week
- 1
-
huifen chan
director
- Total calculated
- $0
- Hours/week
- 1
-
connie chen
director
- Total calculated
- $0
- Hours/week
- 1
-
fred cohen
director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
jp conte
director
- Total calculated
- $0
- Hours/week
- 1
-
phyllis coulter
director
- Total calculated
- $0
- Hours/week
- 1
-
william h davidow
director
- Total calculated
- $0
- Hours/week
- 1
-
dipanjan deb
director
- Total calculated
- $0
- Hours/week
- 1
-
stephanie dimarco
director
- Total calculated
- $0
- Hours/week
- 1
-
william s fisher
director
- Total calculated
- $0
- Hours/week
- 1
-
sameer gandhi
director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
kathryn hall
director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
kenneth hao
director
- Total calculated
- $0
- Hours/week
- 1
-
andre iguodala
director
- Total calculated
- $0
- Hours/week
- 1
-
carl kawaja
director
- Total calculated
- $0
- Hours/week
- 1
-
richard kimball
director
- Total calculated
- $0
- Hours/week
- 1
-
nellie levchin
director
- Total calculated
- $0
- Hours/week
- 1
-
divesh makan
director
- Total calculated
- $0
- Hours/week
- 1
-
meyer malka
director
- Total calculated
- $0
- Hours/week
- 1
-
george marcus
director
- Total calculated
- $0
- Hours/week
- 1
-
ian mckinnon
director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
diane morris
director
- Total calculated
- $0
- Hours/week
- 1
-
joyce newstat
director
- Total calculated
- $0
- Hours/week
- 1
-
carmen policy
director
- Total calculated
- $0
- Hours/week
- 1
-
jaclyn safier
director
- Total calculated
- $0
- Hours/week
- 1
-
ruchi sanghvi
director
- Total calculated
- $0
- Hours/week
- 1
-
lydia shorenstein
director
- Total calculated
- $0
- Hours/week
- 1
-
shahan soghikian
director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J
- The foundation does not have any employees. None of the listed individuals received any compensation from the filing organization. During FY24, each was an employee of the University of California, San Francisco, a related organization.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
REGENTS OF THE UNIVERSITY OF CALIFORNIA
$434,382,616
see part iv
-
see part iv
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UNIVERSITY OF CALIFORNIA SAN FRANCISCO
501(c)(3) · HIGHER ED · CA
Directly controlled by CA Govt
-
501(c)(3) · SEE PART VII · CA
Directly controlled by NA
-
Oakland Children's Hospital and Research
501(c)(3) · hospital · CA
Directly controlled by CA Govt
-
UCSF Foundation Investment Company
501(c)(3) · See Part VII · CA · controlled entity
Directly controlled by UCSF Fdn
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
truebridge capital venture partners llc
excluded · investments · NC · 99.683% owned · share of income -$621,834 · share of assets $88,092,142
Directly controlled by ucsf FOUNDATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Charitable Remainder Trusts (34)
Trust · CA
Directly controlled by Various
-
Pooled Income Fund (2)
Trust · CA
Directly controlled by Various
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521369349301977
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.