University Development Foundation

Foundation · Grantmaker 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 grant totaling $360K.

Key facts about University Development Foundation

In short: University Development Foundation gave $360K across 1 grant in 2022 (avg $360K), mostly in Michigan. Source: 2022 IRS Form 990-PF.

EIN
31-1708531
Latest 990 filing
Form 990-PF, 2022
Annual giving (2022)
$360,000
Grants made (2022)
1
Average grant
$360,000
Median grant
$360,000
Primary geography
Michigan (100% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$360K

-99.6% YoY

Grant Count

1

+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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2022 grant dollars.

States

Cities

Hillsdale

Giving Over Time

Total grant dollars and number of grants per year

$0$25M$50M$75M$100M0 grants20201 grants20211 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2022

Hillsdale College: $360KHillsdale College$360K

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M1$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
HILLSDALE COLLEGE Hillsdale, MIFOR USE IN DEVELOPING A UNIVERSITY IN PLACER COUNTY, CA.$360,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50M$100M$150M202020212022
Metric202220212020
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2022

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. It holds — in total assets as of 2022.

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.

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