Effective July 1, 1998 a new policy that affects the earnings return to gift and private grant funds will become effective. The policy, and the reasons for its implementation, have been reviewed by the appropriate administrative and executive bodies of UCSD, including Academic Senate Committees, and by the UC San Diego Foundation Board.

For FY 98-99 the current fund payment will be 5.0%. For FY 99-00, the payout will be 4.5%. For FY 00-01 and thereafter, the payout rate will be 4.0%.

This policy can be found in the UCSD Policies and Procedures Manual (PPM) 410-10.

The FY 97-98 Foundation fund financial statements will remain on the Foundation’s web site next fiscal year (98-99).

The FY 98-99 fund financial statements will continue to be posted on the web site on a monthly basis.

If you are currently receiving paper copies and wish to to access your statements through the Foundation’s web site but do not know how to do so, please contact Foundation Accounting. We would be happy to provide you with a login ID, password and instructions to the Web site.

Thank you.