Marlene Shaver
Assistant Vice Chancellor, Advancement
CFO, UC San Diego Foundation
Deborah Bronston-Culp '80
Chair, Investment / Finance Committee
Trustee, UC San Diego Foundation
The UC San Diego Foundation Board of Trustees, the Regents of the University of California, and all of
our UC San Diego program beneficiaries thank you for your enduring generosity. With an endowment
benefiting UC San Diego that grew to more than $1.9 billion in value in fiscal year 2020, the payout the
endowment provides assists with current university needs and ensures support for future generations.
Both the UC San Diego Foundation and the Regents take pride in their investment management
philosophies for endowment. The endowment is managed with a view to the long term, designed to handle
market volatility yet withstand the test of time.
The financial markets experienced significant fluctuations in fiscal year 2020. In December 2019, the
equity markets were at an all-time high. By March 2020, they had plunged, only to rebound and near
prior valuations by June 30, 2020. Our long-term focus and asset allocation enabled the endowment
to weather the storm. We know that volatility will occur in the short term, but over the long term, the
endowment should continue to grow and last forever. This approach enables conservative endowment
spending from the corpus annually and provides vital resources for our research, health care system,
student support initiatives, and public programs in accordance with donor wishes.
Thank you for your endowed gift — one that continues to give in perpetuity — and for being part of the
philanthropic community that strengthens UC San Diego. We pledge our commitment to uplift the lives
of others and foster many bright years to come.
Warm wishes,
THANK YOU
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