A Message From Foundation Leadership

Dear friends,

The endowment benefiting UC San Diego provides enduring resources that empower our community with the courage to create and the tools to transform. As of June 30, 2023, more than 1,600 unique endowed funds with a total endowment value of $2.6 billion are fueling interdisciplinary collaboration and innovation among scholars, physician-scientists and researchers today and well into the future.

After challenging financial market conditions in fiscal year 2022, we were met with considerable volatility, high inflation, and increasing interest rates in 2023. Despite the recent headwinds, we are happy to report the Foundation Endowment’s investment performance of 11.3%, aided by UC Investments' return of 8.2% and an additional boost from our investment in the S&P 500 ETF. The UC San Diego Foundation and University of California Investments, our largest asset manager, continue to be focused on the longterm, and the 10-year annual returns for the Foundation and UC Investments are 8.7% and 8.8%, respectively.

Our commitment continues to be providing a viable and healthy endowment payout to support teaching, research, health care and public service programs in accordance with the wishes of our donors. We are confident that our steady investment philosophy and process will bring continued success to the UC San Diego Foundation.

On behalf of the UC San Diego Foundation Board of Trustees, the Regents and all of our UC San Diego beneficiaries, thank you for your investment in UC San Diego!

Christina J. Chase, CPA, JD
CFO/COO, UC San Diego Foundation
Associate Vice Chancellor, Advancement Services

Deborah Bronston-Culp ’80
Chair, Investment/Finance Committee
Trustee, UC San Diego Foundation