UCLA’s fundraising success in 2011-12 lays a solid foundation for a new fundraising campaign expected to launch in 2014 and culminate with the university’s centennial in 2019, Gamer said.
Also in preparation for the centennial campaign, the UCLA Investment Company, owned by The UCLA Foundation, hired a president and chief investment officer to oversee management of the endowment. Over the past 20 years, assets under management have more than doubled to approximately $2.5 billion and are expected to grow further. Srinivas "Srini" Pulavarti came to the UCLA Investment Company from a similar position at Spider Management Company, which manages $1.9 billion for the University of Richmond in Virginia and $1.1 billion for 23 other entities. Under Pulavarti’s management, the Spider endowment has consistently ranked as one of the nation’s best-performing among universities.
Philanthropy has become increasingly vital to the university in order to maintain academic excellence at UCLA at a time when state funding has plunged for all 10 UC campuses. Since 2007-08, the state has cut the University of California budget by nearly $1 billion.
"We’re extremely grateful for the unwavering commitment to the university’s mission and partnership shown by donors," Gamer said. "We recognize we are not alone in our effort to maintain academic excellence and access for the brightest students, while continuing our path to life-changing research discoveries. Through their generosity, donors have shown they are committed to a bright future for UCLA."