2025-05-02T16:47:56-05:00 2024-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-07-01 946090626 UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION UNIV 5106421212 1995 UNIVERSITY AVE 401 BERKELEY CA 947041508 NANCY LUBICH MCKINNEY TREASURER, AVP 5106421212 2025-04-24 1 0 DAVID M HIGHFILL P01517891 2139724000 2023 2025-03-06 01:10:19Z JULIE HOOPER 1995 UNIVERSITY AVE 401 BERKELEY CA 94704 739780979 0 X HTTP://FOUNDATION.BERKELEY.EDU X 1948 CA TO ADVANCE THE INTEREST & PROMOTE THE WELFARE OF THE UNIVERSITY OF CALIFORNIA, BERKELEY & TO INCREASE THE FACILITIES OF THE UNIV. & TO PROVIDE BROADER EDUCATIONAL OPPORTUNITIES. 57 56 0 91 4003958 2763149 457736796 364217705 0 0 93499936 145067959 0 0 551236732 509285664 556182401 426943385 0 0 0 0 0 0 8176227 15128644 16579318 571311045 443522703 -20074313 65762961 3540638328 3693366320 141167713 146346100 3399470615 3547020220 X SEE SCHEDULE O 0 0 426943385 426943385 0 GRANTS AND ALLOCATIONS TO THE UNIVERSITY OF CALIFORNIA, BERKELEY CAMPUS UNITS AND ORGANIZATIONS. 426943385 1 1 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 14 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 57 56 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA NY X NANCY LUBICH MCKINNEY 5106421212 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 ANNE BAKAR TRUSTEE 0.80 0.00 X 0 0 0 DESI BANATAO TRUSTEE 2.00 0.00 X 0 0 0 SANDRA RODRIGUES BEN-EFRAIM TRUSTEE 0.80 0.00 X 0 0 0 MARK BERTELSEN TRUSTEE 2.00 0.00 X 0 0 0 DANA BISCONTI VICE CHAIR, PROGRAMS COMMITTEE 0.80 0.00 X X 0 0 0 KOFI BONNER TRUSTEE 1.00 0.00 X 0 0 0 SHARON BONNER-BROWN TRUSTEE 1.00 0.00 X 0 0 0 BRAD BRIAN TRUSTEE 0.80 0.00 X 0 0 0 BRYAN CAMERON TRUSTEE 0.80 0.00 X 0 0 0 SUSAN CHAMBERLIN TRUSTEE 1.00 0.00 X 0 0 0 VINCENT CHEUNG TRUSTEE 0.80 0.00 X 0 0 0 KEVIN CHOU TRUSTEE 0.80 0.00 X 0 0 0 CAROL CHRIST CHANCELLOR 8.00 32.00 X X 0 714945 50188 TING CHUK TRUSTEE 0.80 0.00 X 0 0 0 AMY BASSELL CROWE TRUSTEE 0.80 0.00 X 0 0 0 KAREN DABBY TRUSTEE 0.80 0.00 X 0 0 0 SHASHIKALA DEB VICE CHAIR, NOMINATIONS COMMITTEE 1.00 0.00 X X 0 0 0 BETTINA DUVAL CHAIR, FOUNDATION 4.00 0.00 X X 0 0 0 STEVE ELLIS VICE CHAIR, FINANCE & ADMINISTRATION COMMITTEE 2.00 0.00 X X 0 0 0 ANNE GATES TRUSTEE 0.80 0.00 X 0 0 0 DAVID GEE TRUSTEE 0.80 0.00 X 0 0 0 JANELLE GRIMES TRUSTEE 0.80 0.00 X 0 0 0 LISA GUERRA VICE CHAIR, GOVERNANCE COMMITTEE 2.00 0.00 X X 0 0 0 CYRUS HADIDI BEMCO BOARD MEMBER 1.00 1.00 X 0 0 0 DEBORAH LOKER HICKS TRUSTEE 0.80 0.00 X 0 0 0 CHARLES HUANG IMMEDIATE PAST FOUNDATION CHAIR 0.80 0.00 X 0 0 0 KAI HUANG CHAIR , PROGRAMS COMMITTEE 1.00 0.00 X X 0 0 0 STEPHEN ISAACS TRUSTEE 0.80 0.00 X 0 0 0 ROGER KANG CHAIR, NOMINATIONS COMMITTEE 1.00 0.00 X 0 0 0 MARY ELLEN KANOFF TRUSTEE 0.80 0.00 X 0 0 0 KEVIN KENNEDY TRUSTEE 0.80 0.00 X 0 0 0 RENE KERN TRUSTEE 0.80 0.00 X 0 0 0 JIM KOSHLAND TRUSTEE 0.80 0.00 X 0 0 0 JOANNE CORDAY KOZBERG TRUSTEE 0.80 0.00 X 0 0 0 KAHSHIN LEOW TRUSTEE 0.80 0.00 X 0 0 0 CAROL LIU TRUSTEE 0.80 0.00 X 0 0 0 GAIL MADERIS CHAIR, GOVERNANCE COMMITTEE 0.80 0.00 X X 0 0 0 COLLEEN MCANDREWS TRUSTEE 0.80 0.00 X 0 0 0 JACK MCCAULEY TRUSTEE 0.80 0.00 X 0 0 0 LAURENE WU MCCLAIN TRUSTEE 0.80 0.00 X 0 0 0 SSTEVEN PAN TRUSTEE 0.80 0.00 X 0 0 0 LAURA PERLOFF TRUSTEE 0.80 0.00 X 0 0 0 ANN BAXTER PERRIN TRUSTEE 0.80 0.00 X 0 0 0 ISABEL RHEE TRUSTEE 0.80 0.00 X 0 0 0 STEPHANIE RIVERA TRUSTEE 0.80 0.00 X 0 0 0 TERRY ROSEN TRUSTEE 0.80 0.00 X 0 0 0 CAMILLA SMITH TRUSTEE 0.80 0.00 X 0 0 0 ERIC STERN VICE CHAIR, FOUNDATION 4.00 0.00 X X 0 0 0 JOHN STOCK TRUSTEE 1.00 0.00 X 0 0 0 SUSAN STUTZMAN TRUSTEE 0.80 0.00 X 0 0 0 ALAN TEMPLETON TRUSTEE 0.80 0.00 X 0 0 0 CATHY UNGER TRUSTEE 0.80 0.00 X 0 0 0 DIANA WALSH TRUSTEE 0.80 0.00 X 0 0 0 ANITA YU WESTLY TRUSTEE 0.80 0.00 X 0 0 0 SHUHONG YE TRUSTEE 0.80 0.00 X 0 0 0 LAURA WEN-YU YOUNG TRUSTEE 0.80 0.00 X 0 0 0 WEIJIE YUN CHAIR, FINANCE & ADMINISTRATION COMMITTEE 2.00 0.00 X X 0 0 0 MIHI AHN EXECUTIVE VICE PRESIDENT 40.00 0.00 X 0 194530 35616 LORAINE BINION TREASURER 10.00 30.00 X 0 227240 41137 LISHELLE BLAKEMORE VICE PRESIDENT 1.00 39.00 X 0 359770 62022 JULIE HOOPER PRESIDENT 10.00 30.00 X 0 546473 84398 NANCY MCKINNEY ASSOCIATE VICE PRESIDENT 8.00 32.00 X 0 356306 63475 RACHELLE REAGAN ASSOCIATE VICE PRESIDENT 10.00 30.00 X 0 175668 47685 LINA WANG ASSISTANT TREASURER 20.00 20.00 X 0 157515 45326 JANE WISE CORPORATE SECRETARY 35.00 5.00 X 0 140449 12968 0 2872896 442815 0 0 1 0 KPMG LLP 55 SECOND STREET SAN FRANCISCO CA 94105 TAX SERVICE 145056 1 364217705 27744112 364217705 34426524 4003958 30422566 341136750 230495315 110641435 110641435 110641435 509285664 0 4003958 141064001 426943385 426943385 559372 559372 191698 191698 7502006 7502006 569 569 4976 4976 144470 144470 PHIL. ALLOC UC BERKELEY 8176227 8176227 443522703 426943385 8403091 8176227 41907504 16265312 273656198 247519594 933575 1353490 564139304 446971072 2655169567 2977646272 4832180 3610580 3540638328 3693366320 1877571 1734489 44896559 45744149 94393583 98867462 141167713 146346100 X 3031663 8071280 3396438952 3538948940 3399470615 3547020220 3540638328 3693366320 65762961 81786644 0 X 0 1 X 1 0 X 269469125 407723128 756837899 457736796 364217705 2255984653 269469125 407723128 756837899 457736796 364217705 2255984653 335134320 1920850333 8707866 4699387 8419804 25169780 30422565 77419402 2268714 3714106 3888571 2763149 12634540 2346038595 0.81880 0.82420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 200000 223886 1 1 0 1 X 2976910915 119168199 210251246 122348971 7875887 3176105502 2727165619 129049234 238568887 112067410 5805415 2976910915 2985931341 190035967 -338928037 102101326 7772326 2727165619 2173286692 139778402 784239348 106125124 5247977 2985931341 2143755634 80965121 36864640 84372169 3926534 2173286692 0.15000 0.85000 1 0 0 ALTERNATIVE INVESTMENTS 2977646272 F 2977646272 DEFERRED INFLOWS-IRREVOCAB SIA 61538900 PRES. VALUE-GIFT ANNUITY PYMT 15010295 OTHER DEPOSITS 155295 OTHER MISC. LIABILITY - NONCUR 22162972 98867462 X 583570302 81786644 81786644 501783658 7502006 7502006 509285664 436020697 0 436020697 7502006 7502006 443522703 PART IV, LINE 2B: DISCLOSURE FOR ESCROW OR CUSTODIAL ARRANGEMENTS ALL TRUSTS ARE MANAGED BY OUR TRUST ADMINISTRATOR, KASPICK & CO AND THE TRUST FUNDS CUSTODIAN IS CHARLES SCHWAB & CO. PART V, LINE 4: INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FUNDING FOR SCHOLARSHIPS, STUDENT ASSISTANCE PROGRAMS AND ACADEMIC RESEARCH FOR THE STUDENTS, EMPLOYEES AND FACULTY OF THE UNIVERSITY OF CALIFORNIA BERKELEY. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS THE FOUNDATION IS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. SUB-SAHARAN AFRICA 0 0 INVESTMENTS 7473800 CENTRAL AMERICA/CARRIBEAN 0 0 INVESTMENTS 1189122237 EUROPE 0 0 INVESTMENTS 131765324 NORTH AMERICA 0 0 INVESTMENTS 16693152 0 0 0 0 0 0 1345054513 0 1345054513 1 0 1 1 1 0 1 UNIVERSITY OF CALIFORNIA BERKELEY 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 946002123 UC BERKELEY 426943385 0 N/A SUPPORT EDUCATION 1 0 PART I, LINE 2: CRITERIA FOR SELECTION OF RECIPIENTS ARE BASED ON BOUNDARIES SET BY THE ESTABLISHMENT OF THE SCHOLARSHIP. THE FOUNDATION TRANSFERS MONIES TO THE UNIVERSITY OF CALIFORNIA AT BERKELEY, WHICH ASSUMES RESPONSIBILITY FOR ACTUAL DISBURSEMENT. 0 0 0 0 0 0 0 0 0 CAROL CHRIST CHANCELLOR 0 695169 0 0 0 19776 0 37022 0 13166 0 765133 0 0 JULIE HOOPER PRESIDENT 0 544265 0 0 0 2208 0 49272 0 35126 0 630871 0 0 LISHELLE BLAKEMORE VICE PRESIDENT 0 359770 0 0 0 0 0 50994 0 11028 0 421792 0 0 NANCY MCKINNEY ASSOCIATE VICE PRESIDENT 0 356306 0 0 0 0 0 43659 0 19816 0 419781 0 0 LORAINE BINION TREASURER 0 227240 0 0 0 0 0 32154 0 8983 0 268377 0 0 MIHI AHN EXECUTIVE VICE PRESIDENT 0 194530 0 0 0 0 0 27644 0 7972 0 230146 0 0 RACHELLE REAGAN ASSOCIATE VICE PRESIDENT 0 175668 0 0 0 0 0 25148 0 22537 0 223353 0 0 LINA WANG ASSISTANT TREASURER 0 157515 0 0 0 0 0 22789 0 22537 0 202841 0 0 JANE WISE CORPORATE SECRETARY 0 139949 0 500 0 0 0 0 0 12968 0 153417 0 0 X 580 26345608 FMV X 14 1398504 FMV 3 0 1 1 PART I, COLUMN (B): COLUMN (B) IS BASED ON THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE FOUNDATION CONTRACTS WITH LOCAL REAL ESTATE AGENTS TO ASSIST IN THE SALE OF REAL PROPERTY WHEN GIFTED. THE FOUNDATION ALSO UTILIZES THE SERVICES OF THE UNIVERSITY OF CALIFORNIA, BERKELEY TO ASSIST WITH THE SOLICITATION AND PROCESSING OF NON-CASH GIFTS. FORM 990, PART III, LINE 1: DESCRIPTION OF ORGANIZATION MISSION THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION'S MISSION IS TO ADVANCE THE INTEREST AND PROMOTE THE WELFARE OF THE UNIVERSITY OF CALIFORNIA, BERKELEY (THE "UNIVERSITY"), TO DEVELOP AND INCREASE THE FACILITIES OF THE UNIVERSITY AND TO PROVIDE BROADER EDUCATIONAL OPPORTUNITIES BY ENCOURAGING CHARITABLE GIFTS AND DONATIONS TO THE UNIVERSITY, TO PROVIDE FUNDING FOR SCHOLARSHIPS, STUDENT ASSISTANCE PROGRAMS AND ACADEMIC RESEARCH FOR THE STUDENTS, EMPLOYEES AND FACULTY OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 2 FAMILY & BUSINESS RELATIONSHIPS CHARLES HUANG AND KAI HUANG HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED BY THE ORGANIZATION TO REVIEW 990 INFORMATION TO PREPARE THE FORM 990 WAS GATHERED BY FOUNDATION OFFICERS. THE RETURN WAS PREPARED WITH THE ASSISTANCE OF KPMG, LLP. THE FORM 990 WAS REVIEWED BY THE ORGANIZATION'S AUDIT COMMITTEE, WHICH HAS AUTHORITY AND OVERSIGHT OF THE ORGANIZATION'S AUDIT AND TAX PREPARATION. KPMG, LLP SIGNED THE RETURN AS PAID PREPARER. A COMPLETE COPY WAS PROVIDED TO THE FULL BOARD AFTER THE AUDIT COMMITTEE REVIEWED THE FORM 990 AND PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, THE FOUNDATION DISTRIBUTES CONFLICT OF INTEREST QUESTIONNAIRES WHICH THE BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES COMPLETE AND RETURN. THE TREASURER OF THE FOUNDATION REVIEWS THE RETURNED FORMS FOR COMPLIANCE. IF A CONFLICT IS DISCOVERED IT IS ESCALATED TO THE APPROPRIATE PARTY WITHIN THE ORGANIZATION AND THE PERSON RECUSES HIMSELF OR HERSELF FROM THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. NONE OF THE LISTED INDIVIDUALS RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATION. DURING FISCAL YEAR 2024, EACH WAS AN EMPLOYEE OF THE UNIVERSITY OF CALIFORNIA BERKELEY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS AND POLICIES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ENDOWMENT HOLDINGS I LLC 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 475479990 INVESTMENTS CA -110709 4834873 UCBF UNIVERSITY OF CALIFORNIA BERKELEY 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 94704 946002123 EDUCATION CA 115 N/A N/A 0 BERKELEY ENDOWMENT MANAGEMENT COMPANY 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 94704 270652636 INVESTMENT CA 501(C)(3) 11A UCBF 1 BAKAR ENTREPRENEURSHIP FUND I LP 2625 DURANT AVENUE BERKELEY CA 94720 923668984 INVESTMENTS CA UCBF EXCLUDED 9470 4261986 0 0 0.97750 CHICAGO PACIFIC FOUNDERS FUND-A LP 980 N MICHIGAN AVE SUITE 1998 CHICAGO IL 60611 471350163 INVESTMENTS IL UCBF EXCLUDED 34502 8245205 0 2723 0 0.88890 TRUEBRIDGE CAPITAL VENTURE PARTNERS III LLC 1011 SOUTH HAMILTON RD SUITE 400 CHAPEL HILL NC 27517 842672374 INVESTMENTS NC UCBF EXCLUDED 62293 20588918 0 0 0.99750 CHARITABLE REMAINDER TRUST (135) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 TRUST CA UCBF 0 CHARITABLE REMAINDER ANNUNITY TRUST (3) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 TRUST CA UCBF 0 POOLED INCOME FUND (6) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 TRUST CA UCBF 0 CHARITABLE GIFT ANNUITIES (231) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 TRUST CA UCBF 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 BERKELEY ENDOWNMENT MANAGEMENT COMPANY M 5533245 PER AGREEMENT TRANSACTIONS WITH RELATED ORGANIZATIONS THE AMOUNTS LISTED IN PART V, LINE 2, COLUMN (C) OF SCHEDULE R ARE THE ACTUAL COSTS INCURRED BY BERKELEY ENDOWMENT MANAGEMENT COMPANY TO PROVIDE THE SERVICES FOR THE BENEFIT OF THE UNIVERSITY OF CALIFORNIA, BERKELEY FOUNDATION.