The University of Arizona Foundation was founded in 1958 as an Arizona nonprofit corporation. The UAF is exempt from Federal income tax as a section 501(c)3)organization. The Foundation provides assistance to the University in three areas: fund-raising, asset management and facilitation.
- Twenty-nine percent of the University’s budget comes from three primary sources: tax dollars, student fees and local funds (investment earnings).
- The remaining 71 percent must come from private gifts and research contracts.
- The overwhelming majority of private dollars raised are designated by donors for specific purposes (e.g. student scholarships, faculty support, capital projects, program enhancements, etc.)
- The UAF manages the University's fundraising process; approximately $293 million in gifts and commitments were raised in fiscal year 2015.
- The UAF manages a $673 million endowment.
- The UAF asset base is $852 million.
- The UAF maintains approximately 4,000 accounts for 200 programs.
- The endowment payout rate is 4 percent.
- The UAF serves as trustee for life income agreements.
The Foundation assists the University in other areas upon request. For example, the Foundation can acquire real estate property on behalf the University. The UAF also created a legal entity so that the UA could facilitate a gift of intellectual property.
Board of Trustees
- Comprised of business and civic leaders from throughout Arizona and the United States, the board is responsible for the Foundation’s policies, procedures and overall direction.
- Board members’ professional expertise and community involvement allow them to offer valuable insights into the Foundation’s development efforts.