Philanthropy to University Tops Billion-Dollar Mark

    Private financial support for UC system’s 10 campuses
    reached nearly $1.3 billion over the past year, making it the seventh
    consecutive year that contributions from individual alumni, charitable
    foundations, corporate sponsors and other friends of the university topped the
    billion-dollar threshold, according to Nov. 15 report from UC officials.

    “The University
    of California
    is a great
    public university, and this sustained support from private donors across the
    state is powerful testimony to, and recognition of, the essential contributions
    that the University makes to the economic prosperity and quality of life of all
    Californians,” UC President Robert C. Dynes said in a press release.

    Charitable foundations donated the largest portion — $526
    million, an increase of more than 12 percent over the previous year — while
    alumni support reached a record $193 million, and corporations totaled $211
    million.

    As a result, the university was able to add $280.5 million
    to its endowment fund, making it the second largest among the nation’s public
    universities.

    Of the $1.3 billion, UC campus foundations received $619.3
    million, doubling the amount donated 10 years ago. The UC system’s 2006-07
    budget was approximately $18 billion.

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