2026-03-19T12:42:06-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 1301 INTERNATIONAL PARKWAY SUITE 200 FORT LAUDERDALE FL 33323 990 2024-07-01 330868418 THE CAMPANILE FOUNDATION CAMP 6195948941 5500 CAMPANILE DRIVE MC1968 SAN DIEGO CA 92182 TRAVIS CLANCY CHIEF FINANCIAL OFFICER 6195948941 2026-03-17 1 0 DANIEL ROMANO P00504182 9547689900 2026-03-17 2024 2025-03-06 01:10:19Z TRAVIS CLANCY 5500 CAMPANILE DRIVE MC1968 SAN DIEGO CA 92182 240799057 0 X HTTP://TCF.SDSU.EDU X 1999 CA TO ENABLE INCREASED PRIVATE GIVING AND PHILANTHROPIC ASSET MANAGEMENT FOR THE UNIVERSITY. 33 30 0 30 0 0 39481006 40494331 18957601 18442398 2874348 3124814 193988 236461 61506943 62298004 49445301 33001044 0 0 0 0 0 0 2592729 14469282 19071777 63914583 52072821 -2407640 10225183 593662815 640091111 63771698 54614127 529891117 585476984 X TO PROVIDE SAN DIEGO STATE UNIVERSITY WITH THE COMMUNITY EXPERTISE, OVERSIGHT, AND ADVOCACY TO INCREASE PRIVATE GIVING AND TO MANAGE THE PHILANTHROPIC ASSETS OF THE UNIVERSITY. 0 0 19989315 10031477 1086798 CAMPUS PROGRAMS ADMINISTERED BY THE UNIVERSITY: THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF ACADEMIC AND ATHLETIC ACTIVITIES ADMINISTERED BY SAN DIEGO STATE UNIVERSITY. THE AMOUNT OF FUNDS GRANTED TO THE UNIVERSITY FOR THIS PURPOSE DURING THE YEAR REPORTED ON THIS RETURN WAS $19,989,315. 17994823 12156370 7397762 SUPPORT OF INDIVIDUAL COLLEGES: THE CAMPANILE FOUNDATION ADMINISTERS PROGRAMS THAT SUPPORT SUBSTANTIALLY ALL THE UNIVERSITY'S INDIVIDUAL COLLEGES. THE AMOUNT OF SUPPORT FOR EACH COLLEGE IS BASED ON THE WISHES OF INDIVIDUAL DONORS AND THE WISDOM OF THE UNIVERSITY'S ADMINISTRATION. THE AMOUNT OF SUPPORT PROVIDED TO THE COLLEGES DURING THE YEAR REPORTED ON THIS RETURN WAS $17,994,823. 3477206 3477206 9957838 SUPPORT OF ATHLETICS ACTIVITIES: THE CAMPANILE FOUNDATION RECEIVED NON-PHILANTHROPIC FUNDS GENERATED FROM MULTI-YEAR PREMIUM SUITE AND SEATING PURCHASES FOR FOOTBALL AND BASKETBALL GAMES, WHILE ASSISTING THE ATHLETICS DEPARTMENT IN MANAGING THESE SEAT REVENUES. THE TOTAL SUPPORT PROVIDED TO THE ATHLETICS DEPARTMENT DURING THE REPORTED YEAR AMOUNTED TO $3,477,206. 7335990 7335990 STUDENT SCHOLARSHIPS ADMINISTERED BY THE UNIVERSITY: THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF SCHOLARSHIPS. SCHOLARSHIP PAYMENTS ARE ADMINISTERED BY THE UNIVERSITY'S OFFICE OF FINANCIAL AID AND SCHOLARSHIP (OFAS). THE OFAS ADMINISTERS THE UNIVERSITY SCHOLARSHIP PROGRAMS IN ACCORDANCE WITH THE POLICIES OF THE CALIFORNIA STATE UNIVERSITY SYSTEM, SAN DIEGO STATE UNIVERSITY, AND APPLICABLE FEDERAL LAW AND REGULATIONS, ALONG WITH THE RESTRICTIONS CONTAINED IN INDIVIDUAL DONOR AGREEMENTS. 7335990 7335990 48797334 1 1 0 0 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 X 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 33 30 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X TAKESHI KOBAYASHI 6195943254 5500 CAMPANILE DRIVE SAN DIEGO CA 921821968 ADELA DE LA TORRE SDSU PRESIDENT, DIRECTOR 4.00 36.00 X X 0 543766 176511 ADRIENNE VARGAS PRESIDENT & CEO 10.00 30.00 X X 0 362220 76697 CHRISTINE PROBETT DIRECTOR 0.50 10.00 X 0 9762 0 RISA BARON DIRECTOR (BEG 12/2024) 0.50 0.00 X 0 0 0 TERRY ATKINSON DIRECTOR 0.50 0.00 X 0 0 0 CHILOH BATY DIRECTOR (THRU 12/2024) 0.50 0.00 X 0 0 0 RICK BREGMAN DIRECTOR 0.50 0.00 X 0 0 0 ED BROWN DIRECTOR 0.50 0.00 X 0 0 0 JASON CAMPBELL DIRECTOR 0.50 0.00 X 0 0 0 DEANN CARY DIRECTOR 0.50 0.00 X 0 0 0 MARY CURRAN DIRECTOR 0.50 0.00 X 0 0 0 JULIE DILLON BOARD CHAIR 2.00 0.00 X 0 0 0 STEVE DOYLE IMMEDIATE PAST CHAIR 2.00 0.00 X 0 0 0 ALAN DULGEROFF DIRECTOR 0.50 0.00 X 0 0 0 MARK FILANC DIRECTOR (BEG 12/2024) 0.50 0.00 X 0 0 0 JOYCE GATTAS DIRECTOR 0.50 10.00 X 0 0 0 JEFF GLAZER DIRECTOR 0.50 0.00 X 0 0 0 DAN GROSS DIRECTOR 0.50 0.00 X 0 0 0 KATARINA HERNANDEZ DIRECTOR (BEG 06/2025) 0.50 0.00 X 0 0 0 KAREEN HOLSTROM DIRECTOR (BEG 06/2025) 0.50 0.00 X 0 0 0 ZEYNEP ILGAZ DIRECTOR 0.50 0.00 X 0 0 0 JOSEPH JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL KANIGHER DIRECTOR (BEG 12/2024) 0.50 0.00 X 0 0 0 KIM KILKENNY DIRECTOR 0.50 0.00 X 0 0 0 LIDIA MARTINEZ DIRECTOR (THRU 12/2024) 0.50 0.00 X 0 0 0 ALEXANDER MORA DIRECTOR 0.50 0.00 X 0 0 0 MIKE NEAL DIRECTOR 0.50 0.00 X 0 0 0 R MICHAEL PACK DIRECTOR (BEG 03/2025) 0.50 0.00 X 0 0 0 PATRICIA ROSCOE DIRECTOR 0.50 0.00 X 0 0 0 JESSICA SAROWITZ DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL SCHWEITZER DIRECTOR 0.50 0.00 X 0 0 0 ELLIOT SCOTT DIRECTOR (BEG 03/2025) 0.50 0.00 X 0 0 0 CHRISTOPHER SICKELS DIRECTOR 0.50 0.00 X 0 0 0 JENNIFER STONE DIRECTOR (BEG 03/2025) 0.50 0.00 X 0 0 0 JOHN WILLS DIRECTOR 0.50 0.00 X 0 0 0 TAREK MORSY DIRECTOR (THRU 06/2024) 0.50 0.00 X 0 0 0 DAVID H FUHRIMAN CFO (THRU 10/2024) 20.00 20.00 X 0 250797 77752 LESLIE LEVINSON CFO (THRU 02/2025) 20.00 20.00 X 0 232219 74440 ANITA NOTTINGHAM CORP SECRETARY (THRU 09/2024) 30.00 10.00 X 0 104435 49118 CYNTHIA SWANSON CORP SECRETARY (BEG 09/2024) 30.00 10.00 X 0 87618 60669 TRAVIS CLANCY CFO (BEG 02/2025) 20.00 20.00 X 0 0 0 SETH MALLIOS FORMER DIRECTOR (SDSU EMP) 0.00 40.00 X 0 145821 69133 0 1736638 584320 0 1 1 0 TECHSTARS CENTRAL LLC 4845 PEARL EAST CIR STE 118 BOULDER CO 80301 CONSULTANT 1460000 TECHSTARS PARTNERS 2021 LLC 4845 PEARL EAST CIR STE 118 BOULDER CO 80301 CONSULTANT 1080000 MEKETA FIDUCIARY MANAGEMENT LLC 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 CONSULTANT 357589 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 CONSULTANT 263779 4 X 138329 40356002 4926925 40494331 PRIORITY SEATING REV. 900099 9957838 9957838 MANAGEMENT FEES 611710 6996637 6996637 STUDENT PROGRAM SUPPT 611710 1086798 1086798 401125 401125 18442398 3111922 3111922 236461 0 236461 236461 236461 178513945 178501053 12892 12892 12892 62298004 18442398 0 3361275 33001044 33001044 66522 64266 2256 74375 74375 357589 357589 3876208 3025040 64191 786977 7604 7604 7261104 6463930 100097 697077 487079 177458 22135 287486 162381 98337 8575 55469 846129 787061 9887 49181 329227 203976 36908 88343 OTHER PROGRAM SUPPORT 4603645 4095214 6745 501686 TRUST DISTRIBUTIONS 873404 873404 REIMBURSED COMPENSATION 126510 126510 52072821 48797334 682758 2592729 7154240 13627140 44499780 38376457 2521582 3762667 0 185104 0 0 0 0 234829630 230137166 294284134 336727801 0 0 34262 57642 10339187 17217134 593662815 640091111 304990 564679 9853612 8148245 53613096 45901203 63771698 54614127 X 13154804 16905559 516736313 568571425 529891117 585476984 593662815 640091111 10225183 45360684 0 X 0 1 X 1 0 X 62381184 62736286 37970247 39481006 40494331 243063054 62381184 62736286 37970247 39481006 40494331 243063054 6977577 236085477 719196 694467 2066127 3067439 3371763 9918992 252982046 61523025 0.93320 0.93640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 38527 1244768 1 1 48500 0 459561214 22230578 44996914 5519164 26270444 6206054 488793044 415703247 20373578 36975650 5066037 2712182 5713042 459561214 380895927 22430086 27961633 3982670 6484702 5117027 415703247 399709864 32990987 -31496131 4768933 10403444 5136416 380895927 330278508 49372859 52084935 4370766 22858721 4796951 399709864 0.22110 0.77890 0 0 0 0 0 0 0 68221362 F CREDIT 44309047 F INFLATION HEDGES 64859315 F RISK MITIGATION 144561171 F OTHER 14776906 F 336727801 DUE TO SDSURF 44190455 DUE TO UNIVERSITY 1710248 AMOUNTS HELD ON BEHALF OF OTHERS 500 45901203 X 107658688 45360684 45360684 62298004 0 62298004 52072821 0 52072821 0 52072821 PART III, LINE 4: THE CAMPANILE FOUNDATION ACCEPTS VARIOUS HISTORICAL COLLECTIONS AND TREASURES AS DONATIONS IN-KIND ON BEHALF OF SAN DIEGO STATE UNIVERSITY. ONCE ACCEPTED BY THE FOUNDATION, DONATIONS OF HISTORICAL TREASURES AND WORKS OF ART ARE TRANSFERRED TO THE CUSTODY OF SAN DIEGO STATE UNIVERSITY PURSUANT TO DONOR STIPULATIONS AND/OR DUE TO THE VALUE OF THE ITEM IN FURTHERING THE UNIVERSITY'S EDUCATIONAL MISSION. PART V, LINE 4: THE CAMPANILE FOUNDATION'S ENDOWMENT FUNDS ARE DEDICATED FOR THE BENEFIT OF SAN DIEGO STATE UNIVERSITY. ENDOWMENTS GENERALLY SUPPORT PROGRAM EXCELLENCE, STUDENT SCHOLARSHIPS ADMINISTERED BY THE UNIVERSITY AND FACULTY EXCELLENCE. THE VAST MAJORITY OF THE CAMPANILE FOUNDATION'S ENDOWMENTS ARE DONOR RESTRICTED TO A SPECIFIC USE AT SAN DIEGO STATE UNIVERSITY. PART X, LINE 2: THE CAMPANILE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE CAMPANILE FOUNDATION HAS ALSO BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS AN ORGANIZATION THAT IS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE CAMPANILE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE CAMPANILE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 48330764 EUROPE INVESTMENT 370588 0 0 0 0 0 0 48701352 0 48701352 1 0 1 0 0 0 1 SAN DIEGO STATE UNIVERSITY 5500 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 115 28359287 0 GENERAL SUPPORT SDSU RESEARCH FOUNDATION 5500 CAMPANILE DRIVE SAN DIEGO CA 92182 956042721 501(C)(3) 4624392 0 GENERAL SUPPORT CHRIST FOR HUMANITY INC PO DRAWER 580127 TULSA OK 71428 731421083 501(C)(3) 17365 0 GENERAL SUPPORT 3 0 PART I, LINE 2: THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF SAN DIEGO STATE UNIVERSITY'S MISSION INCLUDING THE SUPPORT OF INDIVIDUAL COLLEGES AND OTHER ACADEMIC AND ATHLETIC ACTIVITIES. SCHOLARSHIP FUNDS ARE FORWARDED TO THE UNIVERSITY'S OFFICE OF FINANCIAL AID AND SCHOLARSHIP (OFAS). OFAS ADMINISTERS THE UNIVERSITY SCHOLARSHIP PROGRAMS IN ACCORDANCE WITH THE POLICIES OF THE CALIFORNIA STATE UNIVERSITY SYSTEM, SAN DIEGO STATE UNIVERSITY, AND APPLICABLE FEDERAL LAW AND REGULATIONS, ALONG WITH THE RESTRICTIONS CONTAINED IN INDIVIDUAL DONOR AGREEMENTS. ADDITIONAL SUPPLEMENTAL INFORMATION: IN ADDITION TO THE SCHOLARSHIPS AND SUPPORT INCLUDED ABOVE, THE CAMPANILE FOUNDATION REIMBURSED THE UNIVERSITY FOR SALARIES AND EMPLOYEE BENEFITS. 0 0 0 0 0 0 0 0 0 ADELA DE LA TORRE SDSU PRESIDENT, DIRECTOR 0 526822 0 0 0 16944 0 157967 0 18544 0 720277 0 0 ADRIENNE VARGAS PRESIDENT & CEO 0 338235 0 15477 0 8508 0 48463 0 28234 0 438917 0 0 DAVID H FUHRIMAN CFO (THRU 10/2024) 0 211158 0 0 0 39639 0 45279 0 32473 0 328549 0 0 LESLIE LEVINSON CFO (THRU 02/2025) 0 231823 0 0 0 396 0 46206 0 28234 0 306659 0 0 SETH MALLIOS FORMER DIRECTOR (SDSU EMP) 0 145267 0 0 0 554 0 40138 0 28995 0 214954 0 0 ANITA NOTTINGHAM CORP SECRETARY (THRU 09/2024) 0 85658 0 0 0 18777 0 25589 0 23529 0 153553 0 0 SCH J, PART I, LINE 3 THE PRESIDENT AND CEO OF THE CAMPANILE FOUNDATION IS AN EMPLOYEE OF SAN DIEGO STATE UNIVERSITY. AS A STATE EMPLOYEE, HER COMPENSATION IS NEGOTIATED BY THE STATE. X 7 61800 EXPERT OPINION X 177430 EXPERT OPINION X 345 SALE OF COMP. PROPERTY X 1 112408 EXPERT OPINION X 3 2677 SALE OF COMP. PROPERTY X 7 2100 SALE OF COMP. PROPERTY X SOFTWARE 3 3698451 SALE OF COMP. PROPER X EQUIPMENT 11 820012 EXPERT OPINION X EVENT MATERIALS 23 51702 SALE OF COMP. PROPER 9 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED FOR DETERMINING THE AMOUNT IN COLUMN (B). FORM 990, PART V, LINE 1A: FORMS 1096 FOR THE FILING ORGANIZATION ARE PROCESSED AND REPORTED BY ITS RELATED ORGANIZATION SDSU RESEARCH FOUNDATION (EIN: 95-6042721). FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF SAN DIEGO STATE UNIVERSITY AND THE VICE PRESIDENT FOR UNIVERSITY RELATIONS AND DEVELOPMENT ARE DESIGNATED BOARD MEMBERS WITH FULL VOTING RIGHTS. THE PRESIDENT OF THE UNIVERSITY MUST APPROVE NOMINEES TO THE BOARD OF DIRECTORS IN WRITING PRIOR TO THE BOARD OF DIRECTORS FINAL APPROVAL AND APPOINTMENT. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE CALIFORNIA CODE OF REGULATIONS SECTION 42402, THE UNIVERSITY PRESIDENT IS REQUIRED TO ASSURE THAT THE FOUNDATION ACTS IN CONFORMANCE WITH POLICIES OF THE CALIFORNIA STATE UNIVERSITY SYSTEM AND THOSE OF SAN DIEGO STATE UNIVERSITY. IN THIS REGARD, THE PRESIDENT CAN DISCONTINUE ANY PROGRAM OR EXPENDITURE THAT HE OR SHE DETERMINES INCONSISTENT WITH THE AFOREMENTIONED POLICIES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE FOUNDATION'S AUDIT COMMITTEE FOR REVIEW AND APPROVAL PRIOR TO FILING. AS PART OF THE REVIEW PROCESS, THE FOUNDATION'S CFO EXPLAINED ANY CHANGES TO THE FORM 990 AND ANSWERED ALL COMMITTEE MEMBERS' QUESTIONS. SUBSEQUENT TO THIS REVIEW, THE FINAL DRAFT WAS PROVIDED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND ANY QUESTIONS WERE ANSWERED BY THE FOUNDATION'S CFO. FORM 990, PART VI, SECTION B, LINE 12C THE CAMPANILE FOUNDATION ANNUALLY PROVIDES EACH BOARD MEMBER WITH A WRITTEN COPY OF THE FOUNDATION'S CONFLICT OF INTEREST POLICY. UPON RECEIPT, FOUNDATION DIRECTORS ARE ASKED TO REVIEW THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS IN WRITING. THE FOUNDATION'S SECRETARY THEN REVIEWS CONFLICT OF INTEREST STATEMENTS AND REPORTS ANY CONFLICT TO THE UNIVERSITY VICE PRESIDENT FOR BUSINESS AND FINANCIAL AFFAIRS, AND WORKS WITH THE BOARD OF DIRECTORS TO ENSURE NO ACTION IS TAKEN BY THE BOARD IN A MANNER INCONSISTENT WITH EXISTING POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE CAMPANILE FOUNDATION'S 990 TAX RETURN IS AVAILABLE ON THE WEBSITE: HTTPS://TCF.SDSU.EDU/FINANCIAL-INFO. IN ADDITION, AS A MATTER OF POLICY, THE FOUNDATION PROVIDES PAPER OR ELECTRONIC COPIES OF ALL DOCUMENTS INCLUDING THE 990 UPON REQUEST. FORM 990, PART VIII, LINE 1B: MEMBERSHIP DUES THE CAMPANILE FOUNDATION RECEIVED FUNDS IN SUPPORT OF ACADEMIC AND ATHLETIC ACTIVITIES ADMINISTERED BY SAN DIEGO STATE UNIVERSITY. AS PART OF THIS, THE CAMPANILE FOUNDATION IS THE RECIPIENT OF MEMBERSHIP AND CONTRIBUTIONS REVENUE ON BEHALF OF THE ALUMNI ASSOCIATION AND ATHLETICS DEPARTMENT. FORM 990, PART IX, LINE 24C: REIMBURSED SALARIES AND BENEFITS THE CAMPANILE FOUNDATION DOES NOT CURRENTLY HAVE ANY EMPLOYEES. HOWEVER, THE CAMPANILE FOUNDATION, THROUGH A CONTRACTUAL RELATIONSHIP WITH ITS RELATED ORGANIZATIONS, SAN DIEGO STATE UNIVERSITY AND SAN DIEGO STATE UNIVERSITY RESEARCH FOUNDATION, REIMBURSES CERTAIN ADMINISTRATIVE COSTS INCURRED ON BEHALF OF THE CAMPANILE FOUNDATION. SAN DIEGO STATE UNIVERSITY 5500 CAMPANILE DRIVE SAN DIEGO CA 92182 330373293 PUBLICUNIVERSITY CA 115 N/A 0 CHARITABLE REMAINDER TRUSTS 5500 CAMPANILE DR SAN DIEGO CA 921821968 CHARITABLE TRUSTS CA N/A T 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 SAN DIEGO STATE UNIVERSITY B 27303588 FMV SAN DIEGO STATE UNIVERSITY P 1055698 FMV