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
of
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.
