The

University of California The University of California (UC) is a public land-grant research university system in the U.S. state of California. The system is composed of the campuses at Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, ...

public university system is funded through both public and private money. Some funds are given directly to each of the system's 10 campuses, while the rest are distributed through the central UC Office of the President. Support given by the state of California to its three-tier higher education system (comprising the

California State University The California State University (Cal State or CSU) is a public university system in California. With 23 campuses and eight off-campus centers enrolling 485,550 students with 55,909 faculty and staff, CSU is the largest four-year public univers ...

, and

California Community College The California Community Colleges is a postsecondary education system in the U.S. state of California.California Education CodSection 70900(added to the Education Code by Chapter 973 of the California Statutes of 1988Assembly Bill No. 1725 sectio ...

) is presented by the governor every January, and approved by the state legislature at the end of the fiscal year in June. Traditionally, the state of California has been the largest public supporter of the UC system. In response to state budget woes,

UC Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public university, public land-grant university, land-grant research university in Berkeley, California. Established in 1868 as the University of Californi ...

Chancellor

Robert Birgeneau Robert Joseph Birgeneau (born March 25, 1942) is a Canadian-American physicist and university administrator. He was the ninth chancellor of the University of California, Berkeley from 2004-13, and the fourteenth president of the University of Toro ...

in 2011 made the claim that his own university is turning into a federal and not a state institution because of the inversion of the proportion of funds given by each jurisdiction since he became Chancellor in 2004.

Annual budget

Depending upon the source of revenue given to the

, funds may either be restricted to certain defined expenditures, or are given to the University for unrestricted use. Examples of restricted funding include federal research and infrastructure grants, and private support. Examples of unrestricted funds include student fees (tuition and other fees), state general funds and UC general funds (non-resident tuition, some portions of public contract and grant overhead, some Department of Energy lab fees, patent royalties earned by UC inventions, interest earnings, and application and other fees).

2011-12

The University of California's projected operating revenue for 2011-12 is $22.5B. The state of

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

provided 11% of the UC's 2011-12 budget.

Restricted funding

Currently, ~73% of the annual budget of the UC comes from restricted funding sources. *27% ($5.987B): UC medical centers *19% ($4.312B): Sales, services and auxiliaries funds (these funds include revenue from university cultural centers such as theaters and museums, UC Extension, clinics and other activities) *18% ($3.972B): Government contracts & grants *7% ($1.675B): Private funds *2% ($409M): Other sources

Unrestricted funding

~27% of the UC annual budget comes from unrestricted funding sources. Unrestricted funding sources support core operations. *11% ($2.374B): State General Funds (39% of core operation funds) *13% ($2.965B): Student fees (48% of core operation funds) *4% ($792M): UC General Funds (13% of core operation funds)

=Core operational funds

= Core operational funds total $6.131B. *30%: Academic salaries *23%: Staff salaries *18%: Equipment, utilities and other related expenditures *14%: Employee and retiree benefits *14%: Student financial aid *1%: Senior management salaries

Investments

As of August 2020, the assets under management grew to US$140 billion. These investments include the Endowment, Pension, Retirement savings, and Working capital. The University has divested from fossil fuels as of 2020. The University of California, authorized in 1986 the withdrawal of three billion dollars worth of

Divestment from South Africa Disinvestment (or divestment) from South Africa was first advocated in the 1960s, in protest against South Africa's system of apartheid, but was not implemented on a significant scale until the mid-1980s. The disinvestment campaign, after bein ...

Nelson Mandela Nelson Rolihlahla Mandela (; ; 18 July 1918 – 5 December 2013) was a South African Internal resistance to apartheid, anti-apartheid activist who served as the President of South Africa, first president of South Africa from 1994 to 1 ...

stated his belief that the University of California's massive divestment was particularly significant in abolishing white-minority rule in South Africa.How students helped end apartheid
University of California, May 2, 2018

References

{{reflist Education finance in the United States University of California