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UC San Diego Foundation Endowment Fund

Name: UC San Diego Foundation

Assets Under Management: $714.6 Million (Source: UC San Diego Foundation on 6/30/2014)

Annual Report: U.C. San Diego Foundation Financial Statements June 30, 2014 and 2013

Portfolio Insights: “The U.C. San Diego Foundation (the Foundation) encourages, accepts, and manages charitable gifts for the benefit of the University of California, San Diego (UC San Diego) campus. The Foundation is governed by a board of trustees comprised of the campus’ closest alumni, friends, and community members. Gifts are also made to UC San Diego through The Regents of the University of California and are not included in these statements.

During fiscal year 2014, the Foundation’s net position, which represents the excess of total assets over liabilities, increased by $77.8 million. This is compared to an increase in net position during fiscal year 2013 of $58.1 million and a decrease during fiscal year 2012 of $16.3 million.” (Source)

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Top UC San Diego Foundation Endowment Fund Headlines:

1) The UC San Diego Foundation has adopted the principles of and requirements under the Uniform Prudent Management of Institutional Funds Act. Endowment investment policy and decisions for asset placement are based on a long-term investment strategy appropriat e for an institutional endowment to be held in perpetuity. The Endowment will be invested to maximize long-term total return under the parameters described below. A spending rate will be determined annually. The Endowment investment policy shall serve to diversify investments and provide a balance that will enhance total return while avoiding undue risk concentration in any single asset class or investment category. The Endowment spending policy will be determined giving consideration to achieving an objective of an estimable revenue stream for fund holders that retains its purchasing power. (Source)

2) UC San Diego is one of the greenest universities in the nation and promotes sustainability solutions throughout the region and the world. UC San Diego will celebrate our milestone 50th anniversary in the 2010-2011 academic year. This will be a time to honor the founders and people who shaped this university, as well as their historic achievements. As the campus celebrates the past, our sight is firmly set on the next 50 years; we invite the community to join in our celebration and our future.

The UC San Diego Foundation exists to raise and manage private support for the benefit of the University of California, San Diego campus. Formed in 1972, the UC San Diego Foundation holds an endowment of nearly $450 million as of June 2013 as well other funds in of approximately $150 million dollars. The Board of Trustees of the Foundation consists of prominent donors, alumni and community members. UC San Diego enrolls over 29,000 students, graduates over 70% within four years, and is the third largest employer in San Diego County with nearly 26,000 employees. (Source)

3) Much more than financial advisors, UC San Diego Foundation trustees work as a team to connect the university with community partners and discover resources needed to launch innovative programs. Some of the campus’s most impactful initiatives — such as the Qualcomm Institute, the Preuss School UCSD, Moores Cancer Center, and more — were made possible through gifts to the Foundation. To ensure the continued success and growth of the campus, seven new trustees will join the 2013-14 Foundation board, including two UC San Diego alumni, a former chancellor and several regional business executives.

“We are pleased to welcome seven new esteemed trustees to our Foundation board,” said Chancellor Pradeep K. Khosla. “By contributing their expertise and fostering community connections, our trustees enable us to improve access, enhance programming and ensure our campus continues to thrive.” (Source)

4) The UC San Diego Foundation aims to optimize its investment return and does not invest in renewable energy funds or community development loan funds. The university does not have the ability to vote proxies, as the entire endowment is invested in mutual funds and commingled accounts. (Source)

5) The University of California, San Diego announced that the UC San Diego Foundation has received a $6.05 Million bequest from the late Cubic Corporation founder Walter J. Zable and his wife, Betty Zable. The bequest has been allocated by the Foundation to support endowed faculty chairs in UC San Diego’s Rady School of Management and the Jacobs School of Engineering, to create an endowed scholarship and fellowship program for all students, and provide funds for the UC San Diego Shiley Eye Center. “Boosting our endowment, funding faculty chairs, supporting students and advancing health care are all outcomes of our strategic planning process that will help in UC San Diego’s mission to be a student-centered, research-focused, service-oriented public university,” said UC San Diego Chancellor Pradeep Khosla. (Source)

About Richard C. Wilson