ABOUT THE UC SANTA BARBARA FOUNDATION
Founded in 1973, the UC Santa Barbara Foundation is a non-profit, public-benefit corporation organized to raise, accept, and administer private gifts and grants to UC Santa Barbara. By joining forces with the professional, business, and academic worlds, the Foundation serves in a leadership role to increase private support for University programs. It generates moneys for those areas of need at UC Santa Barbara that cannot be met by state funds. As UC Santa Barbara continues to grow in academic prominence, the Foundation's role becomes more critical in encouraging private gifts to supplement the University's traditional sources of funding.
PRIVATE SUPPORT FOR THE CAMPUS
Gifts to UC Santa Barbara from individuals, corporations, and foundations may be made through the UC Santa Barbara Foundation or The Regents of the University of California. Both are considered public charities under Section 501(c)(3) of the Internal Revenue Code, thus qualifying for all charitable deductions to the limit allowed by law. The Foundation and the UC Regents receive and administer individual bequests, endowments, annual gifts from alumni and friends, and corporate and foundation donations. Gifts for campus activities are expended strictly in accordance with the donor's wishes.
The UC Santa Barbara Foundation offers a variety of management and investment services on behalf of the Santa Barbara campus. The investments of the UC Santa Barbara Foundation are managed in accordance with the investment strategies established by the Finance Committee of the Board of Trustees. Audits are conducted annually by a nationally recognized accounting firm and are reviewed by the Finance Committee. A current statement of Foundation assets and earnings is available from the UC Santa Barbara Foundation