Tuesday, September 2, 2014

$1.64 billion in donations a new UC record

From page A1 | November 15, 2013 |

The University of California hauled in a record $1.64 billion in private donations during the 2012-13 fiscal year — the third year in a row the system has amassed more than $1.5 billion.

Nearly 300,000 donors made gifts to UC, according to a report released earlier this week.

Daniel Dooley, senior vice president for external relations, noted in a news release that most of the donations were tied to specific projects. In all, just $21.2 million in funds were unrestricted.

“It’s hard to overstate the importance of philanthropic giving to the university,” Dooley said. “But because the funds are restricted in nature, private support is unlikely to ever replace our reliance on state funding.”

UC’s focus on generating support for students looks to be paying off. Through June, the Project You Can campaign had raised $744 million toward its goal of $1 billion for student support by 2013.

The system’s total includes $117.8 million given to UC Davis, itself a record figure.

The Davis campus trailed UCLA ($419.6 million), UC San Francisco ($385.7 million), UC Berkeley ($346.7 million) and UC San Diego ($167.4 million).

UCD’s total in the report differs from the $149.1 million figure the campus announced last month. That’s because the campus adds the value of commitments to its total for gifts and pledge payments received, the amount the UC Office of the President tracks.

The university highlighted the value of private donations in attracting faculty and supporting research.

In 1980, the system had 81 endowed chairs and professorships. That number has grown to 1,695 — half of them created since 2000.

Of this year’s total, $500 million was earmarked for research — an amount that does not begin to account for the full value of the donations, because they can  help attract additional grants and donations.

Health sciences and medicine easily attracted the most gifts systemwide: $767.8 million, or 46.9 percent of last year’s donations.

Of that, 50.2 percent went to UCSF and 24.6 percent to UCLA. UCD accounted for 3.4 percent, sixth most among the campuses.

Arts, letters and science received the next largest total among the disciplines, at $225.9 million (13.8 percent).

Of the $69.1 million donated to the Division of Agriculture and Natural Resources, $51 million went to either UCD’s School of Veterinary Medicine or its College of Agriculture and Environmental Sciences.



Cory Golden

Cory Golden

The Enterprise's higher-education and congressional reporter. http://about.me/cory_golden


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