$6.5M in expenses

The university foundation at sacramento state invests and distributes funds for the benefit of the university. Since its inception in 1987, the university foundation promotes philanthropy to provide a level of excellence beyond what is possible through state funds. Led by a volunteer board of directors comprised of prominent professionals and business leaders, the university foundation is the university's primary philanthropic auxiliary and is a tax exempt 501(c)(3) organization. The board of directors meets regularly to offer guidance on investments and thoroughly manage the gift funds to ensure that they can fulfill their designated purposes. The foundation accounts for gifts and contributions to the university, ensuring that the funds are applied to the purposes for which the donor intended. Continued on schedule o.funds may be expended or endowed, per donor directions; earnings from endowed funds are generally expendable and distributed to student scholarships or programs in accordance with specifications provided by the donor. The university foundation at sacramento state is dedicated to supporting students to further the university's mission to provide an excellent education to those who aspire to expand their knowledge and prepare themselves for meaningful lives, careers and service to their community.