University Development Foundation
Grantmaking foundation in Sacramento, California · EIN 31-1708531
- Total giving
- $360KTax year 2022
- Grants made
- 1Tax year 2022
- Total assets
- $500KLatest reported
- Latest IRS filing
- 2022Form 990 / 990-PF
Mission
UNIVERSITY DEVELOPMENT FOUNDATION IS A NONPROFIT ORGANIZATION FORMED TO HELP DEVELOP A PRIVATE UNIVERSITY IN PLACER COUNTY, CALIFORNIA. ACTIVITIES PRIOR TO 2021 HAD BEEN PRIMARILY LIMITED TO A DONATION OF LAND, A PORTION OF WHICH IS TO SERVE AS THE UNIVERSITY CAMPUS. THE REMAINDER WAS TO BE SOLD AS A RESIDENTIAL COMMUNITY DEVELOPMENT TO GENERATE FUNDS FOR AN ENDOWMENT FUND FOR THE UNIVERSITY.IN 2021, UNIVERSITY DEVELOPMENT FOUNDATION DONATED/SOLD THE LAND TO HILLSDALE COLLEGE (A PUBLIC CHARITY) FOR DEVELOPMENT OF THE UNIVERSITY. THE SPLIT OF THIS TRANSACTION WAS INTENDED TO COVER OUTSTANDING DEBT ON THE PROPERTY AND TRANSACTIONAL EXPENSES WITH THE REMAINDER A DONATION TO HILLSDALE COLLEGE.IN 2022 ALL REMAINING ASSETS HELD BY UNIVERSITY DEVELOPMENT FOUNDATION WERE DONATED TO HILLSDALE COLLEGE UPON DISSOLUTION.
Giving by year
Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.
Top recipients
| Recipient | Amount | Tax year |
|---|---|---|
| Hillsdale College | $360K | 2022 |
Amounts are rounded. The full grantee list (1 grants in 2022) is available with a free account.
Website: udfcommunity.com
See the full profile. All grants with amounts and years, board and officers, contact details, giving patterns and your organization's fit score are available with a free GrantAuthority account.
Similar foundations in California
- Gerson Bakar Foundation
San Francisco, CA · gave about $170M - The David Geffen Foundation
Los Angeles, CA · gave about $110M - Bakar Bioenginuity Hub
San Francisco, CA · gave about $95M - Argyros Family Foundation
Costa Mesa, CA · gave about $58M - The Marisla Foundation
Laguna Beach, CA · gave about $48M - Cherese Mari Laulhere Foundation
Long Beach, CA · gave about $48M
Source: IRS Form 990 and 990-PF filings, tax year 2022. Also see this organization on ProPublica Nonprofit Explorer.