February 10, 2005

UCSD Reports Record Revenues Of $1.9 Billion In 2004

By Pat JaCoby

Revenues for the University of California, San Diego, reached a record $1.9 billion in 2004, according to the University’s recently released financial report, putting the institution on track to pass the $2 billion milestone in total revenues in 2005.

Financial support from the state of California continued to decline, with a contribution of $268.5 million educational appropriates in fiscal year 2004 compared to $295.7 million the previous year. Federal and other grants and contracts, however, totaled a record $638.9 million, up from $583 million in 2003. Of these grants and contracts, $288 million went to the School of Medicine, $242.6 million to the general campus, and $108.9 million to Scripps Institution of Oceanography.

Other principal sources of revenue to UCSD included $498.3 million from the Medical Center; $163.9 from educational activities; $144.9 from student tuition and fees, $100.5 from auxiliary enterprises such as dining halls and bookstores; $52 million in private gifts, and $34.7 in investment and other income.

Total FY 2004 expenses rose by seven percent to $1.8 billion, with expenditures on instruction and research each increasing by eight percent to a combined total of $813 million.

UCSD employed a total 23,550 full and part-time persons, including 6,959 faculty, for an average monthly payroll (salaries only) of $76.9 million.

“Our report tells many stories about how the campus and the community have contributed to each other’s success, “ noted Marye Anne Fox, UCSD Chancellor. “Some of these stories focus on numbers, such as UCSD’s $3.4 billion economic impact on the region. Other stories describe remarkable efforts to raise the quality of life throughout San Diego and Southern California,” Fox added. “And, as we have seen recently with generous private support like the $30 million gift from Ernest Rady for the Rady School of Management; the $7.5 million gift from the Kavli Foundation for our new Kavli Institute for Brain and Mind, and the $30 million gift from the Skaggs Institute for Research for our Skaggs School of Pharmacy and Pharmaceutical Sciences, UCSD and San Diego are poised—together—for even greater success.”

One illustration of UCSD’s wide-ranging impact is the work of the Technology Transfer Office, which since its inception a decade ago has generated more than 400 active U.S. patents, over 250 active license agreements, and over 70 start-ups using UCSD technology as the foundation. Approximately 220 companies have been spun off from UCSD, including many created by alumni, faculty and staff.

Media Contact: Pat JaCoby, (858) 534-7404