Progress with Purpose

This year’s report comes at a time of significant challenge and uncertainty for the University. Pressures on federal funding, rising costs, and other financial strains create a financial environment unlike any UC has faced in recent history.

Even in this difficult context, the University has continued to advance its mission to improve lives through world-class education, groundbreaking research, and top-rated health care. In fiscal year 2024-25 (FY 2024-25), 150 projects were completed and over 400 are underway—all to drive learning and innovation to build on California’s future.

Achievements include over 3,700 new student beds to be delivered in Fall 2025, the acquisition of eight new hospitals, and the opening of an innovation district, Aggie Square, in Sacramento.

In FY 2024-25, UC launched major initiatives, including the kickoff of UC Berkeley’s decarbonization efforts, UC Davis’s electrification projects, the expansion of UC Riverside’s School of Business, and the construction of UC Merced’s Medical Education Building. In June, UCR Health announced plans to develop a new medical center complex, an outpatient diagnostic center, and a future teaching hospital on 21 acres in Riverside. This expansion will establish a regional health sciences campus, making world class care more accessible to the Inland Empire population of more than 4.6 million.

The 2025-31 Capital Financial Plan outlines the future capital program. While financial uncertainty remains, the University will move forward with only the most essential capital projects. UC will need sustained partnership and support from the State to meet its future program. This report is offered not only as a record of progress but as a framework for navigating future challenges.