Indicator 12.8Total Annual Private Support, 1997-98 to 2007-08
Campus foundations are the fundraising arm of the University and operate under University policy. The first two were developed at Berkeley and UCLA beginning in the 1940s when their campus alumni associations began to raise funds for scholarships.
In the 1960s, the missions of these two campus foundations were broadened to seek private support for all campus-related activities, and foundations subsequently were established at all campuses.
Campus foundations may hold and invest endowments as well as funds functioning as endowments; gift funds and endowment payout must be transferred to the Regents for expenditures.
As campus foundations have developed and matured, the balance of gifts, particularly for endowment, has been shifting from the Regents to the foundations.
Source: UCOP Institutional Advancement Office. More information can be found at http://www.ucop.edu/instadv/.
Figures are in constant inflation-adjusted 2007-08 dollars using GDP deflator.
