University Development Foundation
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 grant totaling $360K.
University Development Foundation at a glance
In short: University Development Foundation gave $360K across 1 grant in 2022 (avg $360K), mostly in Michigan. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $360,000
- -99.6% vs 2021
- Grants made (2022)
- 1
- +0.0% vs 2021
- Average grant
- $360,000
- -99.6% vs 2021
- Median grant
- $360,000
- Primary geography
- Michigan (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who University Development Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Hillsdale College ($360K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
How University Development Foundation gives
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $360K (2022) to $99.4M (2021). In 2022 it made 1 grant totaling $360K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hillsdale College Hillsdale, MI | For use in developing a university in Placer county, ca. | $360,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2022 | — | $420,445 | $474,552 | $360,000 | 1 | $464,463 | $21,962 |
| 2021 | $499,472 | $124,731 | $99,799,466 | $99,417,894 | 1 | $99,656,531 | $11,228 |
| 2020 | $100,473,677 | $7,082,698 | $289,983 | — | — | — | $4,181 |
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.
Leadership & Key People
Officers and directors from IRS filings
University Development Foundation is led by Kyriakos Tsakopoulos, President on every filing since 2020; none of the 8 officers listed in 2022 report compensation.
Officers on the 2022 filing
Kyriakos Tsakopoulos
President
On filings since 2020
10 hrs/week
No compensation reported
Julie Teel
Chairperson
Secretary → Chairperson, 2021
On filings since 2020
2 hrs/week
No compensation reported
Claudia Cummings
Board Member
On filings since 2020
1 hr/week
No compensation reported
Dave Lucchetti
Board Member
On filings since 2020
1 hr/week
No compensation reported
David Siegel
Treasurer & Secretary
Treasurer → Treasurer & Secretary, 2021
On filings since 2020
2 hrs/week
No compensation reported
Gregory Graves
Board Member
On filings since 2020
1 hr/week
No compensation reported
Kevin Culhane
Board Member
On filings since 2020
1 hr/week
No compensation reported
Scott Powell
Board Member
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about University Development Foundation
How much does University Development Foundation give each year?
University Development Foundation gave $360K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $99.4M across 1 grant.
What is University Development Foundation?
University Development Foundation is a private foundation focused on Arts, Culture & Humanities, based in Woodland, CA.
Where does University Development Foundation operate?
University Development Foundation has awarded grants in Michigan.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Live grants for the work University Development Foundation funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in University Development Foundation's focus areas in our free grants database
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