The Campanile Foundation EIN 33-0868418

The Campanile Foundation

EIN  33-0868418 Public charity (501(c)(3)) San Diego, CA Founded 1999
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Manages philanthropic assets and athletic revenues to increase private giving and financial support for San Diego State University.
Leadership
Adela De La Torre · Sdsu President, Director
Money in and out
$62.3M revenue, $52.1M expenses
Bottom line
94% program efficiency

Manages philanthropic assets and athletic revenues to increase private giving and financial support for San Diego State University. For fiscal year 2025 it reported $62.3M in revenue, $52.1M in expenses, and $585.5M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$62.3M
Pt VIII · Ln 12
Total expenses
$52.1M
Pt IX · Ln 25
Net assets
$585.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10.2M
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.01 Fundraising $0.05
Program efficiency
94%
of spending reaches programs0% vs prior filing year
Operating runway
147.8mo
months of highly liquid reserves at operating expense rate▲ +40% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▲ +519% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$62.3M
FY2025▲ +1%
Expenses
$52.1M
FY2025▼ -19%
Total assets
$640.1M
FY2025▲ +8%
Total liabilities
$54.6M
FY2025▼ -14%
Total revenue
$62.3M
Pt VIII · Ln 12
Total expenses
$52.1M
Pt IX · Ln 25
Net assets
$585.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10.2M
Total assetsPt X · Ln 16$640.1M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 333
Independent voting membersPt I · Ln 430
Mission & Programs · Part III

Where the work happens

3 program services account for $41.5M of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Campanile Foundation
EINHdr · item D33-0868418
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jtcf.sdsu.edu
Year of formationHdr · item L1999
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B110)
Ruling yearIRS BMFFeb 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a33
Independent voting membersPt VI · Ln 1b30
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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
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Statement of Revenue

Part VIII
Contributions & grants$40.5M · 65%
Program service revenue$18.4M · 30%
Investment income$3.1M · 5%
Contributions & grants65%$40.5M
Program service revenue30%$18.4M
Investment income5%$3.1M
Other revenue$236K
Total revenueLn 12$62.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.01 Fundraising $0.05
Program services94%$48.8M
Management & general1%$683K
Fundraising5%$2.6M
Total functional expensesLn 25$52.1M

Balance Sheet

Part X · end of year
CashLn 1$13.6M
Total assetsLn 16$640.1M
Total liabilitiesLn 26$54.6M
Total net assetsLn 32$585.5M
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $580.5M · Operating expenses (Pt IX) $52.1M · Less non-cash grants $4.9M · Cash operating expenses/yr $47.1M
147.8 months
Where the money goes
Program services
Program services $48.8M · Total expenses $52.1M
94%
Management & General
Management & general $683K · Total expenses $52.1M
1%
Fundraising
Fundraising $2.6M · Total expenses $52.1M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $4.7M · Solicited contributions (3-yr avg) $39.3M
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $40.5M · Total revenue $62.3M
65%
Government reliance
Government grants — · Total revenue $62.3M
Earned-income share
Program service revenue $18.4M · Total revenue $62.3M
30%
Investment reliance
Investment income $3.1M · Total revenue $62.3M
+5%
Program self-sufficiency
Program service revenue $18.4M · Total expenses $52.1M
35%
Growth & trend
Revenue growth (YoY)
This year $62.3M · Prior year $61.5M
+1%
Revenue CAGR
FY2019 $58.4M · FY2024 $62.3M
+1%
Net-asset trend (YoY)
End of year $585.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $62.3M · Expenses $52.1M
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $640.1M
Net-asset ratio
Net assets $585.5M · Total assets $640.1M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $230.1M · Other securities (Pt X, ln 12) $336.7M · Total assets (Pt X, ln 16) $640.1M
89%
People & payroll
Highest Reported Total Compensation
Individual Adela De La Torre · Reported title SDSU PRESIDENT, DIRECTOR · Highest reported compensation $0 · Total expenses $52.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $52.1M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 1%
Fundraising cost ratio 6%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$62.3M revenue · viewing · ⤓ 990 PDF
FY2024$61.5M revenue · ⤓ 990 PDF
FY2023$61.4M revenue · ⤓ 990 PDF
FY2022$63.3M revenue · ⤓ 990 PDF
FY2021$66.5M revenue · ⤓ 990 PDF
FY2020$58.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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