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UCLA Foundation Endowment Fund

Name: UCLA Investment Company

Assets Under Management:  $2.2 Billion (Source: UCLA on 6/30/2013)

Annual Report:  The UCLA Foundation INVESTMENT POLICY STATEMENT FOR ENDOWED INVESTMENT POOL

Portfolio Insights: “The UCLA Foundation’s endowment testifies to the generosity of the University’s friends and alumni and their faith in University of California, Los Angeles (the “University”). The Board of Directors of The UCLA Foundation (the “Foundation”) is aware of the responsibility which is theirs to prudently manage endowment funds which are given to the University. The Foundation has placed oversight responsibility for the endowment fund with its wholly owned subsidiary, UCLA Investment Company.

The mission of the Foundation’s endowment is to support the educational mission of the University by providing a reliable source of funds for current and future use. The endowment has two primary missions. First, the purchasing power of the endowment’s assets must be maintained in perpetuity and, second, the endowment must achieve investment returns sufficient to sustain the level of spending necessary to support ongoing University operations.” (Source)

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Top UCLA Foundation Endowment Fund Headlines:

1) The company is overseen by The UCLA Foundation Board of Directors. Over the past 10 years, assets under management by The UCLA Foundation have increased from approximately $729 million to $2 billion, and investment strategies have grown more complex; two key drivers for creating the UCLA Investment Company. As of June 30, 2014, the total UCLA endowment was estimated at $3.20 billion. That is the combined value of endowments managed separately by The UCLA Foundation ($1.73 billion) and the UC Board of Regents ($1.47 billion). The UCLA Foundation also manages endowments and funds for other UCLA-related entities, such as the UCLA Alumni Association, UCLA’s Jonsson Comprehensive Cancer Center and the Hammer Museum, for total of $2.5 billion assets under management. (Source)

2) The UCLA Foundation Endowment Pool made available for expenditure by fund holders an amount equal to 5.25%. From July 1st 2012 to December 31 2012 it was based on a rolling 36-month average market value, calculated monthly. Beginning January 1, 2013 it is calculated quarterly and is based on a 12 quarter rolling average. The spending policy for fiscal 2014 is 5% of a 12 quarter rolling average, calculated quarterly, not to exceed $1.53 per share. (Source)

3) The UCLA Foundation is a California non-profit, public benefit corporation organized for the purpose of encouraging voluntary private gifts, trusts and bequests for the benefit of the UCLA campus. Responsibility for the governance of the Foundation, including investments, is vested in its Board of Directors. (Source)

4) The UCLA Foundation uses its investments to recruit faculty members, provide resources for students, enable research projects, and provide care to patients in UCLA’s hospitals and clinics. In 2012, the UCLA Foundation invested $395 million, or 21%, of its $1.9 billion portfolio in absolute return investments. (Source)

5) The UCLA Foundation is the giving, receiving and investing arm of the University. It allows private donors to help build, sustain and advance one of the world’s finest academic and research institutions. The mission of The UCLA Foundation is to actively promote philanthropy and manage donated resources for the advancement of UCLA. For more than 60 years, The UCLA Foundation has helped provide the resources and the vision to shape UCLA into a world-class university.

Today, The UCLA Foundation manages an endowment that, as of June 30, 2008, was valued in excess of $1.4 billion. In 2008, gifts and pledges totaled $481 million – ranking the university first in total amount raised for public universities. In FY08, The Foundation’s endowed investment pool surpassed the $1 billion mark for the first time in its history. (Source)

 

About Richard C. Wilson