University Development Foundation

WOODLAND, CA EIN: 31-1708531

University Development Foundation is a private foundation focused on Arts, Culture & Humanities, based in WOODLAND, CA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grants totaling $360K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$360K

-99.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$360K

-99.6% YoY

Under IRS private-foundation payout rules, University Development Foundation reported a distributable amount of $22K for 2022 — the minimum it must pay out in qualifying distributions.

About University Development Foundation

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $99.8M (100%)

States

Michigan

Cities

Hillsdale

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$499,472	$100,473,677
Revenue	$420,445	$124,731	$7,082,698
Expenses	$474,552	$99,799,466	$289,983
Qualifying Distributions	$464,463	$99,656,531	—
Net Investment Income	—	—	—
Distributable Amount	$21,962	$11,228	$4,181

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2022

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Hillsdale College ($360,000).

Recipient	Purpose	Amount
HILLSDALE COLLEGE HILLSDALE, MI	FOR USE IN DEVELOPING A UNIVERSITY IN PLACER COUNTY, CA.	$360,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
KYRIAKOS TSAKOPOULOS	PRESIDENT	10	—
DAVID SIEGEL	TREASURER & SECRETARY	2	—
MS JULIE TEEL	CHAIRPERSON	2	—
DR GREGORY GRAVES	BOARD MEMBER	1	—
HON KEVIN CULHANE	BOARD MEMBER	1	—
MS CLAUDIA CUMMINGS	BOARD MEMBER	1	—
MR DAVE LUCCHETTI	BOARD MEMBER	1	—
MR SCOTT POWELL	BOARD MEMBER	1	—

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is University Development Foundation?

University Development Foundation is a private foundation focused on Arts, Culture & Humanities, based in WOODLAND, CA. It holds — in total assets as of 2022.

Where does University Development Foundation operate?

University Development Foundation has awarded grants in Michigan.

What size grants does University Development Foundation award?

In 2022, University Development Foundation awarded 1 grants totaling $360K — an average of about $360K per grant, based on its IRS Form 990 filings.

How much is University Development Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, University Development Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is University Development Foundation's EIN?

University Development Foundation's EIN (Employer Identification Number) is 31-1708531. IRS Form 990 filing data is available on this page for 2020–2022.