The Campanile Foundation

Tax-deductible

San Diego, CA501(c)(3)Since 1999EducationEIN 33-0868418Revenue $62.3M in FY2025

On file with the IRStcf.sdsu.edu5500 Campanile Drive Mc1968, 92182-0001 · San Diego, CATax-exempt since Feb 2000College/university support org — 170(b)(1)(A)(iv)

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To enable increased private giving and philanthropic asset management for the university.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 33 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $15.0M a year · 24% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $425K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$54.6M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 33 voting members
Looks good: 30 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62.3M
+1% vs prior year
Spent
$52.1M
To programs
94%
Net assets
$585.5M
By yearFY2020–FY2025
Revenue
$62.3M
FY2025▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$58.4M
FY2021$66.5M
FY2022$63.3M
FY2023$61.4M
FY2024$61.5M
FY2025$62.3M
Expenses
$52.1M
FY2025▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$30.6M
FY2021$47.8M
FY2022$36.9M
FY2023$52.2M
FY2024$63.9M
FY2025$52.1M
Net assets
$585.5M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$397.4M
FY2021$465.4M
FY2022$455.4M
FY2023$494.9M
FY2024$529.9M
FY2025$585.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $48.8M Management & general 1% · $683K Fundraising 5% · $2.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Sdsu President, Director
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (beg 12/2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (thru 12/2024)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See The Campanile Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages philanthropic assets and athletic revenues to increase private giving and financial support for San Diego State University.

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Provided by the organization

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3 programs · $41.5M · in their own filed words · FY2024
01

Campus Programs Administered by the University

The campanile foundation received funds in support of academic and athletic activities administered by san diego state university. The amount of funds granted to the university for this purpose during the year reported on this return was $19,989,315.

$20.0Mprogram expense
02

Support of Individual Colleges

The campanile foundation administers programs that support substantially all the university's individual colleges. The amount of support for each college is based on the wishes of individual donors and the wisdom of the university's administration.

$18.0Mprogram expense
03

Support of Athletics Activities

The campanile foundation received non-philanthropic funds generated from multi-year premium suite and seating purchases for football and basketball games, while assisting the athletics department in managing these seat revenues. The total support provided to the athletics department during the reported year amounted to $3,477,206.

$3.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 23 grants · $196.7M · 2019–2024
San Diego State UniversityFY2024$28,359,287
Christ for Humanity INCOK · FY2024$17,365
San Diego State UniversityFY2023$45,521,950
Christ for Humanity INCOK · FY2023$10,000
San Diego State UniversityFY2022$29,916,263
Christ for Humanity INCOK · FY2022$10,809
Wounded Warrior Project INCFL · FY2022$7,000
San Diego State UniversityFY2021$19,398,195
Shepherds Ministries INCWI · FY2021$10,000
Christ for Humanity INCOK · FY2021$7,357
San Diego State UniversityFY2020$35,766,642
Shepherds Ministries INCWI · FY2020$10,000
See all 23 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$62.3M
Ln 12
Gifts and grantsLn 1h$40.5M
Fees for servicesLn 2g$18.4M
Investment incomeLn 3$3.1M
Money outPt IX
$52.1M
Ln 25
Programscol B$48.8M
Managementcol C$683K
Fundraisingcol D$2.6M
Owns and owesPt X
$585.5M
net assets · Ln 32
Cash and savingsLn 1–2$13.6M
Total assetsLn 16$640.1M
LiabilitiesLn 26$54.6M
PeoplePt VI, VII
42
listed · VII A
PaidVII A0
Voting boardVI 1a33
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40.5M
Noncash giftsLn 1g$4.9M
Fees for servicesLn 2g$18.4M
Investment incomeLn 3$3.1M
Other incomeLn 4–11$236K
Gains on assetsLn 7$13K
Total revenueLn 12$62.3M
Assets in detailPt X, end of year
SavingsLn 2$13.6M
Cash and savings togetherLn 1–2$13.6M
InvestmentsLn 11–13$566.9M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$17.2M
Total assetsLn 16$640.1M
LiabilitiesLn 26$54.6M
Net assetsLn 32$585.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 633
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7.2M$13.6M
InvestmentsLn 11–13$529.1M$566.9M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$593.7M$640.1M
LiabilitiesLn 26$63.8M$54.6M
Net assetsLn 32$529.9M$585.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33.0M$33.0M
Legal feesLn 11b$67K$64K$2K
Accounting feesLn 11c$74K$74K
Investment management feesLn 11f$358K$358K
Other fees for servicesLn 11g$3.9M$3.0M$64K$787K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$7.3M$6.5M$100K$697K
Information technologyLn 14$487K$177K$22K$287K
OccupancyLn 16$162K$98K$9K$55K
TravelLn 17$846K$787K$10K$49K
Conferences, conventions and meetingsLn 19$329K$204K$37K$88K
Other expenses (24a–d)Ln 24$5.6M$5.0M$7K$628K
Total functional expensesLn 25$52.1M$48.8M$683K$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $62.3M$52.1M$10.2M$585.5M 990 PDF
FY2024 $61.5M$63.9M−$2.4M$529.9M 990 PDF
FY2023 $61.4M$52.2M$9.2M$494.9M 990 PDF
FY2022 $63.3M$36.9M$26.4M$455.4M 990 PDF
FY2021 $66.5M$47.8M$18.7M$465.4M 990 PDF
FY2020 $58.4M$30.6M$27.8M$397.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $62,298,004 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,481,006$40,494,331
I-9 Program service revenuePrior year $18,957,601$18,442,398
I-10 Investment incomePrior year $2,874,348$3,124,814
I-11 Other revenuePrior year $193,988$236,461
I-12 Total revenuePrior year $61,506,943$62,298,004
I-13 Grants and similar amounts paidPrior year $49,445,301$33,001,044
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,469,282$19,071,777
I-18 Total expensesPrior year $63,914,583$52,072,821
I-19 Revenue less expensesPrior year −$2,407,640$10,225,183
Part VI · Governance 30 of 33 board members independent, 1 to look at
VI-1a Voting members of the governing body33
VI-1b Independent voting members30
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $62,298,004 across 9 lines filed
Lines not itemized here account for $401,125 of total revenue; see the IRS return.
VIII-1b Membership dues$138,329
VIII-1f All other contributions, gifts and grants$40,356,002
VIII-1g Noncash contributions (included above)$4,926,925
VIII-1h Total contributions, gifts and grants$40,494,331
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,041,273$18,041,273
VIII-3 Investment incomeExcluded from tax $3,111,922$3,111,922
VIII-6 Net rental income or lossExcluded from tax $236,461$236,461
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,892$12,892
VIII-12 Total revenueRelated to mission $18,442,398 · Unrelated business $0 · Excluded from tax $3,361,275$62,298,004
Part IX · Statement of functional expenses $52,072,821 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $33,001,044$33,001,044
IX-11b Legal feesPrograms $64,266 · Management $2,256$66,522
IX-11c Accounting feesManagement $74,375$74,375
IX-11f Investment management feesManagement $357,589$357,589
IX-11g Other fees for servicesPrograms $3,025,040 · Management $64,191 · Fundraising $786,977$3,876,208
IX-12 Advertising and promotionPrograms $7,604$7,604
IX-13 Office expensesPrograms $6,463,930 · Management $100,097 · Fundraising $697,077$7,261,104
IX-14 Information technologyPrograms $177,458 · Management $22,135 · Fundraising $287,486$487,079
IX-16 OccupancyPrograms $98,337 · Management $8,575 · Fundraising $55,469$162,381
IX-17 TravelPrograms $787,061 · Management $9,887 · Fundraising $49,181$846,129
IX-19 Conferences, conventions and meetingsPrograms $203,976 · Management $36,908 · Fundraising $88,343$329,227
IX-24 Other expenses (24a–d)Programs $4,968,618 · Management $6,745 · Fundraising $628,196$5,603,559
IX-25 Total functional expensesPrograms $48,797,334 · Management $682,758 · Fundraising $2,592,729$52,072,821
Part X · Balance sheet $640,091,111 assets, 19 lines filed
X-2 Savings and temporary cash investmentsStart of year $7,154,240$13,627,140
X-3 Pledges and grants receivableStart of year $44,499,780$38,376,457
X-4 Accounts receivableStart of year $2,521,582$3,762,667
X-9 Prepaid expenses and deferred chargesStart of year $0$185,104
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $234,829,630$230,137,166
X-12 Other securitiesStart of year $294,284,134$336,727,801
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $34,262$57,642
X-15 Other assetsStart of year $10,339,187$17,217,134
X-16 Total assetsStart of year $593,662,815$640,091,111
X-17 Accounts payable and accrued expensesStart of year $304,990$564,679
X-19 Deferred revenueStart of year $9,853,612$8,148,245
X-25 Other liabilitiesStart of year $53,613,096$45,901,203
X-26 Total liabilitiesStart of year $63,771,698$54,614,127
X-27 Net assets without donor restrictionsStart of year $13,154,804$16,905,559
X-28 Net assets with donor restrictionsStart of year $516,736,313$568,571,425
X-32 Total net assets or fund balancesStart of year $529,891,117$585,476,984
X-33 Total liabilities and net assetsStart of year $593,662,815$640,091,111
Part XI · Reconciliation of net assets $585,476,984 net assets at year end
XI-1 Total revenue$62,298,004
XI-2 Total expenses$52,072,821
XI-3 Revenue less expenses$10,225,183
XI-4 Net assets at start of year$529,891,117
XI-5 Net unrealized gains (losses) on investments$45,360,684
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$585,476,984

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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