The UCLA Foundation FY2024 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1945EducationEIN 95-2250801

The UCLA foundation is the giving, receiving, and investing arm of the UCLA campus. The foundation enables private donors to help build, sustain and advance one of the world's finest academic and research institutions. Private philanthropy provides the margin of excellence that makes UCLA stand out and stand above the rest.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $318.0M a year · 43% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
24
named funders · $971K
Looks good: 24 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$501.7M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 28 voting members
Looks good: 23 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$722.5M
-20% vs prior year
Spent
$505.9M
To programs
91%
Net assets
$5.5B
By yearFY2020–FY2024
Revenue
$722.5M
FY2024▼ -20%
Revenue by fiscal year
FY2020$558.6M
FY2021$636.4M
FY2022$885.1M
FY2023$902.8M
FY2024$722.5M
FY2024$695.7M
Expenses
$505.9M
FY2024▲ +9%
Expenses by fiscal year
FY2020$349.6M
FY2021$396.7M
FY2022$398.0M
FY2023$465.0M
FY2024$505.9M
FY2024$605.2M
Net assets
$5.5B
FY2024▲ +9%
Net assets by fiscal year
FY2020$3.6B
FY2021$4.6B
FY2022$4.5B
FY2023$5.1B
FY2024$5.5B
FY2024$5.8B

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1949.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $458.2M Management & general 9% · $47.7M

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

Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/CIO
$0Pt VII · Sec A
Exofficio Director
$0Pt VII · Sec A
Executive Vice President
$0Pt VII · Sec A
Exofficio Director Until 4/14
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
See The UCLA 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages and invests donated funds and assets to promote philanthropy and support the advancement of the University of California, Los Angeles.

Provided by the organization

This section is blank until The UCLA Foundation claims this page.

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3 program services account for $458.2M of program spending, described in the organization's own filed words · FY2023.
01

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.

$399.1Mprogram expense
02

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…

$44.4Mprogram expense
03

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.

$14.7Mprogram expense

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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 24 funders →
Grants paid · 377 grants · $2.4B · 2019–2024
Regents Univ of CaliforniaCA · FY2024$453,053,415
Teach for America INCNY · FY2024$15,000,000
Opportunity 180NV · FY2024$11,000,000
University of Southern CaliforniaCA · FY2024$10,000,000
The Brookings InstitutionDC · FY2024$5,000,000
Cristo Rey St Viator Las VegasNV · FY2024$5,000,000
Trinity CollegeDC · FY2024$3,000,000
The Cleveland Clinic FoundationOH · FY2024$3,000,000
Campus for Hope FoundationNV · FY2024$2,500,000
Altamed FoundationCA · FY2024$2,000,000
Center for the Future of LearningNV · FY2024$1,500,000
UCLA Alumni AssociationCA · FY2024$1,360,489
Together Califonia INCCA · FY2024$1,250,000
Teen Cancer America INCCA · FY2024$1,117,212
Museum at Belcourt INCRI · FY2024$1,000,000
See all 377 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$722.5M
Ln 12
Gifts and grantsLn 1h$476.3M
Investment incomeLn 3$244.4M
Fees for servicesLn 2g$1.8M
Money outPt IX
$505.9M
Ln 25
Programscol B$458.2M
Managementcol C$47.7M
Owns and owesPt X
$5.5B
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$6.0B
LiabilitiesLn 26$501.7M
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a28
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$476.3M
Noncash giftsLn 1g$35.4M
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$244.4M
Gains on assetsLn 7$121.8M
Total revenueLn 12$722.5M
Assets in detailPt X, end of year
CashLn 1$807K
SavingsLn 2$4.3M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$5.57B
Land, buildings, equipmentLn 10c$23.7M
Other assetsLn 15$5.7M
Total assetsLn 16$6.0B
LiabilitiesLn 26$501.7M
Net assetsLn 32$5.5B
OperationsPt I, VI
EmployeesI 50
VolunteersI 622
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 FY24End FY24
Cash and savingsLn 1–2$7.6M$5.1M
InvestmentsLn 11–13$5.11B$5.57B
Land, buildings, equipmentLn 10c$20.0M$23.7M
Total assetsLn 16$5.55B$6.01B
LiabilitiesLn 26$469.8M$501.7M
Net assetsLn 32$5.08B$5.51B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$443.0M$443.0M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$17K$16K$360$0
Accounting feesLn 11c$110K$0$110K$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$47.0M$0$47.0M$0
Other fees for servicesLn 11g$529K$268K$261K$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$65K$6K$59K$0
Information technologyLn 14$82K$36K$46K$0
RoyaltiesLn 15$0
OccupancyLn 16$33K$2K$31K$0
TravelLn 17$22K$9K$13K$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$231K$120K$111K$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K$0$0
Other expenses (24a–d)Ln 24$14.8M$14.7M$27K$0
Total functional expensesLn 25$505.9M$458.2M$47.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $722.5M$505.9M$216.6M$5.5B 990 PDF
FY2023 $902.8M$465.0M$437.8M$5.1B 990 PDF
FY2022 $885.1M$398.0M$487.1M$4.5B 990 PDF
FY2021 $636.4M$396.7M$239.7M$4.6B 990 PDF
FY2020 $558.6M$349.6M$209.0M$3.6B 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $722,471,550 across 10 lines filed
VIII-1f All other contributions, gifts and grants$476,327,548
VIII-1g Noncash contributions (included above)$35,360,622
VIII-1h Total contributions, gifts and grants$476,327,548
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,061,509 · Unrelated business $689,116$1,750,625
VIII-3 Investment incomeRelated to mission $0 · Unrelated business −$19,052,233 · Excluded from tax $141,656,399$122,604,166
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $121,789,211$121,789,211
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,061,509 · Unrelated business −$18,363,117 · Excluded from tax $263,445,610$722,471,550
Part IX · Statement of functional expenses $505,905,147 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $443,017,154$443,017,154
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $16,411 · Management $360 · Fundraising $0$16,771
IX-11c Accounting feesPrograms $0 · Management $110,456 · Fundraising $0$110,456
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesPrograms $0 · Management $47,028,664 · Fundraising $0$47,028,664
IX-11g Other fees for servicesPrograms $267,740 · Management $261,255 · Fundraising $0$528,995
IX-12 Advertising and promotionPrograms $2,438 · Management $0 · Fundraising $0$2,438
IX-13 Office expensesPrograms $6,342 · Management $58,758 · Fundraising $0$65,100
IX-14 Information technologyPrograms $36,221 · Management $45,560 · Fundraising $0$81,781
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,862 · Management $31,105 · Fundraising $0$32,967
IX-17 TravelPrograms $8,601 · Management $13,361 · Fundraising $0$21,962
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $120,457 · Management $111,027 · Fundraising $0$231,484
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,109 · Management $0 · Fundraising $0$1,109
IX-24 Other expenses (24a–d)Programs $14,739,511 · Management $26,755 · Fundraising $0$14,766,266
IX-25 Total functional expensesPrograms $458,217,846 · Management $47,687,301 · Fundraising $0$505,905,147
Part X · Balance sheet $6,010,184,035 assets, 22 lines filed
Asset lines not itemized here account for $250,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,504,580$806,605
X-2 Savings and temporary cash investmentsStart of year $5,140,393$4,268,601
X-3 Pledges and grants receivableStart of year $382,711,795$371,230,392
X-4 Accounts receivableStart of year $23,624,840$33,559,895
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year −$360,228−$1,091,816
X-10c Land, buildings and equipment, netStart of year $19,975,255$23,685,255
X-11 Publicly traded securitiesStart of year $258,440,480$394,403,822
X-12 Other securitiesStart of year $4,849,196,900$5,177,366,326
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $4,702,975$5,704,955
X-16 Total assetsStart of year $5,546,186,990$6,010,184,035
X-17 Accounts payable and accrued expensesStart of year $899,791−$1,802,548
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,704,681$2,292,147
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $84,239,880$107,550,760
X-26 Total liabilitiesStart of year $469,798,626$501,735,465
X-32 Total net assets or fund balancesStart of year $5,076,388,364$5,508,448,570
X-33 Total liabilities and net assetsStart of year $5,546,186,990$6,010,184,035
Part XI · Reconciliation of net assets $5,508,448,570 net assets at year end
XI-1 Total revenue$722,471,550
XI-2 Total expenses$505,905,147
XI-3 Revenue less expenses$216,566,403
XI-4 Net assets at start of year$5,076,388,364
XI-5 Net unrealized gains (losses) on investments$220,884,398
XI-9 Other changes in net assets−$5,390,595
XI-10 Net assets at end of year$5,508,448,570

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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