The Ucla Foundation
- Assets
- $5.0b
- Revenue
- $636.4m
- Investments
- $4.2b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1949
- Data as of
- 06/2021
- EIN
- 95-2250801
Organization Overview
The Ucla Foundation is located in Los Angeles, CA. The organization was established in 1949. 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. Ucla 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 06/2021, Ucla Foundation generated $636.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $396.7m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 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 2015, Ucla Foundation has awarded 288 individual grants totaling $2,401,814,977. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UCLA FOUNDATION IS TO ACTIVELY PROMOTE PHILANTHROPY AND MANAGE DONATED RESOURCES FOR THE ADVANCEMENT OF UCLA.
Describe the Organization's Program Activity:
THE UCLA FOUNDATION PROVIDES GRANTS IN SUPPORT OF THE PROGRAMS OF THE UNIVERSITY OF CALIFORNIA, LOS ANGELES CAMPUS INCLUDING SUPPORT FOR SCHOLARSHIPS, FELLOWSHIPS, RESEARCH, CHANCELLOR'S PRIORITIES, DEVELOPMENT, SPECIAL PROJECTS AND OTHER SUPPORT OF UCLA.
THE UCLA FOUNDATION RAISES, RECORDS, AND MANAGES GIFTS FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS FOR THE BENEFIT OF UCLA IN ACCORDANCE WITH DONORS' WISHES. THE FOUNDATION PAYS A PERCENTAGE OF GIFTS RECEIVED, REFERRED TO AS GIFT FEES, AND A PERCENTAGE OF ENDOWMENT EARNINGS, KNOWN AS ENDOWMENT FEES, TO UCLA TO REIMBURSE FOR SERVICES AND FACILITIES PROVIDED TO THE FOUNDATION.
THE UCLA FOUNDATION OPERATES THE UNENDOWED INVESTMENT POOL (UIP) FOR ITSELF AND OTHER TAX-EXEMPT RELATED ENTITIES. ALL GIFTS INTENDED FOR CURRENT EXPENDITURE AS WELL AS UNSPENT ENDOWED POOL PAYOUT AND AFFILIATED ENTITY SHORT-TERM ACCOUNTS ARE INVESTED IN THE UIP. IN ADDITION, THE FOUNDATION ACTS AS THE CUSTODIAN FOR THE ENDOWED INVESTMENT POOL. INCOME EARNED ON POOLED ASSETS HELD BY THE FOUNDATION ARE DISBURSED TO PARTICIPANT TAX-EXEMPT RELATED ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhea Turteltaub Executive Vice President | OfficerTrustee | 10 | $0 |
Justin E Barton Chief Investment Officer | OfficerTrustee | 10 | $0 |
Julie A Sina Chief Financial Officer | OfficerTrustee | 10 | $0 |
Craig E Ehrlich Chair | OfficerTrustee | 1 | $0 |
Jocelyn M Tabata Executive Director | Officer | 10 | $0 |
Chancellor Gene D Block Exofficio Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drumcliffe Partners Iv Llc Investment Mgmt | 6/29/21 | $450,000 |
Schumacher Consulting Llc Consulting | 6/29/21 | $250,000 |
Mitchell Silberberg Knupp Legal | 6/29/21 | $101,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $48,672 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,349,133 |
| Noncash contributions included in lines 1a–1f | $45,545,976 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,397,805 |
| Total Program Service Revenue | $1,691,959 |
| Investment income | $52,959,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,319,248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,368,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $358,674,746 |
| 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 | $68,812 |
| Fees for services: Accounting | $116,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,543,936 |
| Fees for services: Other | $527,731 |
| Advertising and promotion | $1,662 |
| Office expenses | $36,628 |
| Information technology | $361,199 |
| Royalties | $0 |
| Occupancy | $22,434 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149,234 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,379 |
| All other expenses | $0 |
| Total functional expenses | $396,685,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,026,387 |
| Savings and temporary cash investments | $3,946,973 |
| Pledges and grants receivable | $446,744,023 |
| Accounts receivable, net | $32,866,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$255,264 |
| Net Land, buildings, and equipment | $28,125,000 |
| Investments—publicly traded securities | $299,957,478 |
| Investments—other securities | $4,225,605,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,916,182 |
| Total assets | $5,049,182,336 |
| Accounts payable and accrued expenses | $814,682 |
| Grants payable | $0 |
| Deferred revenue | $5,614,394 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $364,130,061 |
| 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 | $102,272,800 |
| Total liabilities | $472,831,937 |
| 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 | $4,576,350,399 |
| Total liabilities and net assets/fund balances | $5,049,182,336 |
Grants Awarded
Over the last fiscal year, The Ucla Foundation has awarded $358,661,246 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: SCHOLARSHIP & EDUC PGMS | $328,014,478 |
Las Vegas, NV PURPOSE: GENERAL SUPPORT | $17,000,000 |
La Crescenta, CA PURPOSE: GENERAL SUPPORT | $3,050,000 |
ARMENIAN GENERAL BENEVOLENT UNION PURPOSE: GENERAL SUPPORT | $1,700,000 |
Glendale, CA PURPOSE: GENERAL SUPPORT | $1,080,000 |
Ridgewood, NJ PURPOSE: GENERAL SUPPORT | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that The Ucla Foundation has recieved totaling $433,085.
| Awarding Organization | Amount |
|---|---|
Star Family Foundation Aspen, CO PURPOSE: GENERAL PURPOSE | $125,000 |
Margaret Perenchio Foundation Glendale, CA PURPOSE: DONATION TO PAIN MANAGEMENT RESEARCH FUND | $60,000 |
Bill And Susan Oberndorf Foundation San Francisco, CA PURPOSE: GENERAL CHARITY | $50,000 |
Collingwood Foundation Los Angeles, CA PURPOSE: UNRESTRICTED OPERATIONAL SUPPORT | $50,000 |
Eugene And Marilyn Stein Family Foundation La Canada, CA PURPOSE: ENDOWMENT FUND | $32,000 |
Quinn Emanuel Foundation Los Angeles, CA PURPOSE: CHARITABLE | $25,000 |
Endowment Analysis
| Beg. Balance | $2,757,129,308 |
| Earnings | $933,771,138 |
| Admin Expense | $25,732,546 |
| Net Contributions | $183,117,899 |
| Grants | $120,052,502 |
| Ending Balance | $3,728,233,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Foundation Eugene, OR | $1,406,809,391 | $267,924,803 |
The Ucla Foundation Los Angeles, CA | $5,049,182,336 | $636,368,398 |
University Of California San Francisco Foundation San Francisco, CA | $3,419,389,574 | $724,265,070 |
University Of California Berkeley Foundation Berkeley, CA | $2,480,595,373 | $338,166,506 |
Cal Poly Pomona Foundation Inc Pomona, CA | $112,439,496 | $53,807,212 |
San Diego State University Foundation San Diego, CA | $208,622,845 | $174,580,877 |
University Of Arizona Foundation Tucson, AZ | $1,402,381,950 | $279,111,154 |
Oregon Health And Science University Foundation Portland, OR | $1,419,565,425 | $108,603,763 |
Arizona State University Foundation For A New American University Tempe, AZ | $1,623,439,615 | $233,378,142 |
Oregon State University Foundation Corvallis, OR | $1,086,662,227 | $272,172,005 |
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |