2025-05-12T12:25:00-05:00 2024-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-07-01 952540117 UNIVERSITY OF CALIFORNIA IRVINE FOUNDATION UNIV 9498241509 111 THEORY 200 IRVINE CA 92617 CHRISTIE A ISRAEL CONTROLLER 9498241509 2025-05-09 1 0 CAREY MCKEE P01281067 2139724000 2025-05-09 2023 2025-03-06 01:10:19Z BRIAN T HERVEY 111 THEORY 200 IRVINE CA 92617 217535719 0 X WWW.UCIFOUNDATION.ORG X 1967 CA TO RAISE AND MANAGE PRIVATE FUNDS TO SUPPORT UCI'S BROADER MISSION OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE. 70 66 0 71 484865 0 77297849 81485192 0 0 23476609 43893230 281248 317146 101055706 125695568 77469623 67038895 0 0 0 0 0 0 284954 7096911 8235313 84566534 75274208 16489172 50421360 929847551 1049811676 4355157 7793068 925492394 1042018608 X THE MISSION OF THE UNIVERSITY OF CALIFORNIA, IRVINE FOUNDATION (UCI FOUNDATION) IS TO RAISE AND MANAGE PRIVATE FUNDS TO SUPPORT UCI'S BROADER MISSION OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE. TO THIS END, THE UCI FOUNDATION ADVISES UNIVERSITY LEADERSHIP IN ALL AREAS RELATED TO PUBLIC TRUST, INVESTMENTS AND PHILANTHROPY; MOBILIZES EXISTING AND POTENTIAL SUPPORTERS TO HELP GROW THE UNIVERSITY'S ENDOWMENT; AND ENGAGES WITH APPROPRIATE STAKEHOLDERS TO ADVANCE FUNDRAISING EFFORTS ALIGNED WITH THE UNIVERSITY'S STRATEGIC PLAN. THE UCI FOUNDATION ALSO AIMS TO BUILD STRONGER NETWORKS OF SUPPORT AROUND DEANS, DIRECTORS AND HEALTH LEADERS TO ADVANCE UCI'S CONTRIBUTIONS TO THE REGION; ENGAGES WITH THE SCHOOLS, UNITS AND DEPARTMENTS IN STRATEGIC ADVISORY AND ADVOCACY ROLES; AND FACILITATES REGIONAL AND GLOBAL PARTNERSHIPS THAT EXPAND UCI'S CAPACITY TO IMPROVE LIVES. 0 0 67991075 67038895 0 THE UCI FOUNDATION CREATES OPPORTUNITIES FOR THE RECRUITMENT OF FACULTY, SUPPORT OF STUDENTS AND THE BUILDING OF FACILITIES THAT ALLOWS UC IRVINE TO SOLIDIFY ITS STEADY GROWTH AS ONE OF THE NATION'S PREMIER RESEARCH UNIVERSITIES. GRANT SUPPORT HAS BEEN GIVEN FOR A VAST ARRAY OF RESEARCH INCLUDING MEDICINE, SCIENCE, HUMANITIES AND TECHNOLOGY AS WELL AS MERIT BASED SCHOLARSHIPS AND FELLOWSHIPS AND INSTRUCTION. THE UCI FOUNDATION HAS ENDOWED CHAIRS, SUPPORTED NEW RESEARCH, TEACHING FACILITIES AND OTHER CAMPUS IMPROVEMENTS.DURING THE YEAR ENDING JUNE 30, 2024 THE FOUNDATION PROVIDED THE FOLLOWING TO THE UNIVERSITY.SCHOOL OF MEDICINE $ 16,262,146HENRY SAMUELI SCHOOL OF ENGINEERING 9,258,025COLLEGE OF HEALTH SCIENCE 7,170,000HEALTH AFFAIRS 4,908,280NON-ACADEMIC UNITS 4,537,728OFFICE OF RESEARCH 3,600,523OTHER 3,256,491PHYSICAL SCIENCES 3,212,271SOCIAL ECOLOGY 3,144,461DONALD BREN SCHOOL OF INFORMATION AND COMPUTER SCIENCE 1,616,060SOCIAL SCIENCES 1,182,722ATHLETICS 1,144,409CLAIRE TREVOR SCHOOL OF THE ARTS 1,097,287HUMANITIES 1,016,767PAUL MERAGE SCHOOL OF BUSINESS 996,839SCHOOL OF LAW 978,181SCHOOL OF EDUCATION 960,165CHARLIE DUNLOP SCHOOL OF BIOLOGICAL SCIENCES 753,421UCI LIBRARIES 597,539PHARMACY & PHARMACEUTICAL SCIENCES 365,998UCI MEDICAL CENTER 313,880CENTER FOR NEUROBIOLOGY OF LEARNING & MEMORY 273,469WEN SCHOOL OF PUBLIC HEALTH 253,125SUE & BILL GROSS SCHOOL OF NURSING 139,108TOTAL $ 67,038,895 67991075 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 3 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 70 66 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X CHRISTIE A ISRAEL 9498241509 111 THEORY SUITE 200 IRVINE CA 92617 HOWARD GILLMAN PHD CHANCELLOR 10.00 50.00 X X 0 657768 89642 BRIAN T HERVEY PRESIDENT 20.00 35.00 X X 0 505792 59796 GARY J SINGER ESQ BOARD CHAIR 1.00 0.00 X X 0 0 0 JAMES V MAZZO CHAIR ADVISORY COMMITTEE 1.00 0.00 X X 0 0 0 DEAN A YOOST CHAIR AUDIT COMMITTEE 1.00 0.00 X X 0 0 0 D ROBINSON CLUCK CHAIR INVEST & FIN COMMITTEE 1.00 0.00 X X 0 0 0 STACEY NICHOLAS CHAIR STEWARSHIP COMMITTEE 1.00 0.00 X X 0 0 0 RICHARD C ACKERMAN TRUSTEE 1.00 0.00 X 0 0 0 PHILIP K ANTHONY PHD TRUSTEE 1.00 0.00 X 0 0 0 DURAID S ANTONE TRUSTEE 1.00 0.00 X 0 0 0 PAMINA E BARKOW TRUSTEE (AS OF 3/25/24) 1.00 0.00 X 0 0 0 STEVEN BOROWSKI TRUSTEE 1.00 0.00 X 0 0 0 AMER A BOUKAI TRUSTEE 1.00 0.00 X 0 0 0 RICHARD K BRIDGFORD ESQ TRUSTEE 1.00 0.00 X 0 0 0 JANE BUCHAN TRUSTEE 1.00 0.00 X 0 0 0 PAUL E BUTTERWORTH TRUSTEE 1.00 0.00 X 0 0 0 MARY CARRINGTON TRUSTEE 1.00 0.00 X 0 0 0 HAZEM HIKMAT CHEHABI MD TRUSTEE 1.00 0.00 X 0 0 0 SALMA A CHEHABI TRUSTEE 1.00 0.00 X 0 0 0 CAROL CHOI TRUSTEE 1.00 0.00 X 0 0 0 EUGENE W CHOI TRUSTEE 1.00 0.00 X 0 0 0 KATE DUCHENE JD TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH L DUNN TRUSTEE 1.00 0.00 X 0 0 0 LUCY DUNN TRUSTEE 1.00 0.00 X 0 0 0 JOHN R EVANS TRUSTEE 1.00 0.00 X 0 0 0 DOUGLAS K FREEMAN JD TRUSTEE 1.00 0.00 X 0 0 0 JOHN GERACE TRUSTEE 1.00 0.00 X 0 0 0 TERRY GODFREY TRUSTEE 1.00 0.00 X 0 0 0 OSCAR GONZALEZ TRUSTEE 1.00 0.00 X 0 0 0 DENISE HALL JD TRUSTEE 1.00 0.00 X 0 0 0 JULIE NEWCOMB HILL TRUSTEE 1.00 0.00 X 0 0 0 GARY H HUNT TRUSTEE 1.00 0.00 X 0 0 0 HANS IMHOF TRUSTEE 1.00 0.00 X 0 0 0 SANDRA J JACKSON TRUSTEE 1.00 0.00 X 0 0 0 FRANK JAO TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY K JONES TRUSTEE 1.00 0.00 X 0 0 0 ELIM KAY TRUSTEE 1.00 0.00 X 0 0 0 STEEVE T KAY TRUSTEE 1.00 0.00 X 0 0 0 YANG-UK KIM TRUSTEE 1.00 0.00 X 0 0 0 DULCIE A KUGELMAN TRUSTEE (AS OF 3/25/24) 1.00 0.00 X 0 0 0 JACK M LANGSON TRUSTEE 1.00 0.00 X 0 0 0 SHANAZ S LANGSON TRUSTEE 1.00 0.00 X 0 0 0 MOHANNAD S MALAS TRUSTEE 1.00 0.00 X 0 0 0 TWYLA REED MARTIN TRUSTEE 1.00 0.00 X 0 0 0 FARZAD MASSOUDI MD TRUSTEE 1.00 0.00 X 0 0 0 PAUL MERAGE TRUSTEE 1.00 0.00 X 0 0 0 MARCI LERNER MILLER TRUSTEE 1.00 0.00 X 0 0 0 SHAWN R MILLER TRUSTEE 1.00 0.00 X 0 0 0 KRISTEN S MONSON TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL A MUSSALLEM TRUSTEE 1.00 0.00 X 0 0 0 ELOY ORTIZ OAKLEY TRUSTEE 1.00 0.00 X 0 0 0 GREG PALMER TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN PEEPELS TRUSTEE 1.00 0.00 X 0 0 0 SHEILA K PETERSON TRUSTEE 1.00 0.00 X 0 0 0 JAMES J PETERSON TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM FREDERICK PODLICH TRUSTEE 1.00 0.00 X 0 0 0 ROBERT E ROMNEY TRUSTEE (AS OF 3/25/24) 1.00 0.00 X 0 0 0 CHERYLL R RUSZAT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD J RUSZAT TRUSTEE 1.00 0.00 X 0 0 0 KATHLEEN R SANTORA TRUSTEE 1.00 0.00 X 0 0 0 MARK K SANTORA TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL SCHULMAN TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER FRIEND SMITH TRUSTEE 1.00 0.00 X 0 0 0 RUBEN SMITH TRUSTEE 1.00 0.00 X 0 0 0 TED SMITH TRUSTEE (THRU 10/2023) 1.00 0.00 X 0 0 0 SHEILA PRELL SONENSHINE TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY L STRADER TRUSTEE 1.00 0.00 X 0 0 0 MARILYN P SUTTON PHD TRUSTEE 1.00 0.00 X 0 0 0 JAMES IRVINE SWINDEN TRUSTEE 1.00 0.00 X 0 0 0 DAVID L TSOONG MD TRUSTEE 1.00 0.00 X 0 0 0 GADDI VASQUEZ TRUSTEE 1.00 0.00 X 0 0 0 SHANTE CARTER CHIEF FINANCIAL OFFICER 30.00 20.00 X 0 230402 37219 CHRISTIE A ISRAEL CONTROLLER 40.00 0.00 X 0 155287 48467 JACQUELINE MARIE BARBERA SECRETARY/EXECUTIVE DIRECTOR 40.00 0.00 X 0 143996 28310 0 1693245 263434 0 0 1 0 CALLAN ASSOCIATES 101 CALIFORNIA STREET SUITE 3500 SAN FRANCISCO CA 94111 INVEST CONSULTANTS 237868 1 81485192 22742229 81485192 21879827 423154 21456673 232537 0 232537 232537 232537 113853554 91840151 22013403 22013403 61711 21951692 OTHER REVENUE 900099 84609 84609 84609 125695568 0 484865 43725511 67038895 67038895 3799 119 3680 73622 73622 6384528 6384528 449201 367312 81889 64227 55889 8338 481995 315296 77882 88817 388 114 274 4524 1445 3079 192457 192457 PROGRAM EVENT EXPENSE 563333 199627 363706 PROF DEVELOPMENT & RECO 15208 10482 4726 DONOR CULTIVATION 2031 2015 16 75274208 67991075 6998179 284954 3012236 2507741 65751059 76604048 65780340 66664165 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 102496788 123196155 688222737 776134401 0 0 0 0 4584391 4705166 929847551 1049811676 2178012 5487253 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2177145 2305815 4355157 7793068 X 0 0 0 0 925492394 1042018608 925492394 1042018608 929847551 1049811676 50421360 66104854 0 X 0 1 X 1 0 X 107367066 113702095 163527823 77297849 81485192 543380025 107367066 113702095 163527823 77297849 81485192 543380025 186463750 356916275 9354621 10158306 12113232 16367811 22112364 70106334 24330 20062 50050 84609 179051 613665410 0.58160 0.59880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 795884591 31353923 102817434 30679120 20310 899356518 723964863 43315710 56303185 27686244 12923 795884591 762108862 48609121 -57183461 29555822 13837 723964863 532004542 58594337 183709235 12190412 8840 762108862 483215726 60478639 -5356455 6320037 13331 532004542 0.41120 0.58880 0.00000 0 0 0 UC GENERAL ENDOWMENT POOL 341040505 F PRIVATE EQUITY 140159799 F REAL ESTATE 3580000 F OTHER COMMINGLED FUNDS 231160743 F ABSOLUTE RETURN & HEDGE FUNDS 59103335 F OTHER INVESTMENTS 1090019 F 776134401 LIFE BENEFICIARY LIABILITIES 1725842 SPLIT INTEREST AGREEMENTS 579973 2305815 185415894 66104854 66104854 119311040 6384528 6384528 125695568 68889680 0 68889680 6384528 6384528 75274208 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENTS PROVIDE FINANCIAL SUPPORT FOR VARIOUS UCI SCHOOLS AND PROGRAMS, INCLUDING RESEARCH, STUDENT SCHOLARSHIPS AND FELLOWSHIPS, INSTRUCTIONAL SUPPORT, EQUIPMENT PURCHASES, CAPITAL IMPROVEMENTS AND EDUCATION. 1 UNIVERSITY OF CALIFORNIA IRVINE UC IRVINE IRVINE CA 92697 952226406 STATE OF CA 67038895 0 N/A N/A UNIVERSITY PROGRAMS 1 0 PART I, LINE 2: THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO PROVIDE FUNDS FOR THE SUPPORT OF THE UNIVERSITY OF CALIFORNIA, IRVINE. ACCORDINGLY, THE FOUNDATION TRANSFERRED AMOUNTS TO THE CAMPUS AS DETAILED IN SCHEDULE O. 0 0 0 0 0 0 0 0 0 HOWARD GILLMAN PHD CHANCELLOR 0 642516 0 0 0 15252 0 64673 0 24969 0 747410 0 0 BRIAN T HERVEY PRESIDENT 0 494668 0 0 0 11124 0 50423 0 9373 0 565588 0 0 SHANTE CARTER CHIEF FINANCIAL OFFICER 0 229402 0 1000 0 0 0 11119 0 26100 0 267621 0 0 CHRISTIE A ISRAEL CONTROLLER 0 153287 0 2000 0 0 0 22367 0 26100 0 203754 0 0 JACQUELINE MARIE BARBERA SECRETARY/EXECUTIVE DIRECTOR 0 143996 0 0 0 0 0 20338 0 7972 0 172306 0 0 PART I, LINE 3 COMPENSATION PRACTICES FOR THE RELATED ORGANIZATION DETERMINING COMPENSATION FOR ITS TOP MANAGEMENT OFFICIALS INCLUDES: A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, SCH J, PART II PROCESS OF DETERMINING CEO AND OTHER OFFICER COMPENSATION ALL COMPENSATED OFFICERS AND KEY EMPLOYEES ARE HIRED BY AND ARE EMPLOYEES OF THE UNIVERSITY OF CALIFORNIA, IRVINE. HUMAN RESOURCES DEVELOPS, CONSISTENT WITH THE ORGANIZATIONS' PHILOSOPHY AND PRINCIPLES, THE ANNUAL PERFORMANCE GOALS AND CRITERIA TO BE USED IN DETERMINING MERIT INCREASES AND VARIABLE COMPENSATION CRITERIA FOR ALL EMPLOYEES OF THE UNIVERSITY INCLUDING THE OFFICERS AND KEY EMPLOYEES THE UCI FOUNDATION. INDIVIDUALS WERE COMPENSATED PRIMARILY FOR SERVICES TO THE UNIVERSITY OF CALIFORNIA, IRVINE. COMPENSATION INFORMATION REFLECTS ALL COMPENSATION RECEIVED DURING THE CALENDAR YEAR 2023. RICHARD & CHERYLL RUSZAT TRUSTEES OF ORGANIZATION 385629 GROUND LEASE FOR 12 MONTH 0 FORM 990, SCH L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONSRICHARD RUSZAT AND CHERYLL RUSZAT ARE MARRIED AND HAVE A BUSINESS RELATIONSHIP INCLUDING GROUND LEASE ENTERED INTO AS OF FEBRUARY 1, 1987 WITH THE UNIVERSITY OF CALIFORNIA, IRVINE AND UNIVERSITY MONTESSORI SCHOOL OF IRVINE INC. THE LEASE ALLOWS UNIVERSITY MONTESSORI SCHOOL OF IRVINE, INC., AS TENANT, TO CONSTRUCT, OWN AND OPERATE A CHILD CARE FACILITY ON LAND OWNED BY THE REGENTS OF THE UNIVERSITY OF CALIFORNIA. THE TERM OF THE LEASE IS 25 YEARS WITH ONE LEASE EXTENSION OF 15 YEARS. THE LEASE EXTENSION OPTION WAS EXERCISED ON DECEMBER 11, 2003. DURING THE EXTENSION TERM, THE TENANT WILL PAY THE LANDLORD AS RENT FOR THE LEASED LAND, MONTHLY PAYMENTS WHICH SHALL BE EQUAL TO THE GREATER OF $11,660 OR 10% OF THE AVERAGE GROSS INCOME OF THE PRECEDING FISCAL YEAR. X 62 22742229 AVG PRICE/DON DATE 0 0 0 0 PART-I LINE-(B) THE NUMBER OF CONTRIBUTIONS REPORTED IN COLUMN B IS BASED ON THE NUMBER OF DONATIONS. FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIP DISCLOSURE HAZEM CHEHABI AND SALMA CHEHABI, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP EUGENE CHOI AND CAROL CHOI, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP. ELIM KAY AND STEVE KAY, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP. JACK LANGSON AND SHANAZ LANGSON, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP, SHAWN MILLER AND MARCI LERNER MILLER, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP, JAMES PETERSON AND SHEILA PETERSON, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP, RICHARD RUSZAT AND CHERYLL RUSZAT, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP, MARK SANTORA AND KATHLEEN SANTORA, TRUSTEES OF THE FOUNDATION, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PROCESS OF REVIEW THE BOARD OF TRUSTEES HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE FOUNDATION'S CONTROLLER WORKS CLOSELY WITH THE OUTSIDE ACCOUNTING FIRM IT ENGAGES TO REVIEW THE RETURN; AND THE FINAL DRAFT OF FORM 990 IS ALSO REVIEWED BY THE CHIEF FINANCIAL OFFICER PRIOR TO PROVIDING THE DRAFT TO THE AUDIT COMMITTEE. SUBSEQUENT TO ITS REVIEW, THE AUDIT COMMITTEE CHAIR REPORTS BACK TO THE BOARD CHAIR, PRESIDENT, CFO, AND CONTROLLER REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINAL DRAFT IS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING COMPLIANCE OF CONFLICT OF INTEREST POLICY: THE EXECUTIVE COMMITTEE OF THE BOARD IS CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ADDRESSING ANY POTENTIAL OR ACTUAL CONFLICTS. PURSUANT TO THE CONFLICTS OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E. BOARD MEMBERS, OFFICERS, EXECUTIVE LEADERSHIP OR KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE: (1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (2) HAS READ THE POLICY AND UNDERSTANDS SAID POLICY; AND (3) AGREES TO COMPLY WITH ALL REQUIREMENTS OF THE POLICY, INCLUDING COMPLETING THE CONFLICTS OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND ANY PERSONS WITH ACTUAL OR POTENTIAL CONFLICTS ARE INFORMED VIA WRITTEN COMMUNICATION. THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: (1) THE CONFLICTING INTEREST IS FULLY DISCLOSED TO THE BOARD; (2) THE INTERESTED PERSON RESPONDS TO FACTUAL QUESTIONS RELATED TO THE SUBSTANCE OF THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED, AFTER WHICH HE/SHE SHALL LEAVE THE MEETING; (3) THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; (4) ALTERNATIVES TO THE PROPOSED TRANSACTION ARE INVESTIGATED, COMPETITIVE BIDS OR COMPARABLE VALUATIONS ARE OBTAINED; (5) ANY CONFLICTING ISSUES DURING THE COURSE OF A BOARD MEETING WHICH CANNOT BE RESOLVED IS REFERRED TO THE GOVERNANCE COMMITTEE; AND (6) THE TRANSACTION OR ACTION MUST BE APPROVED BY A MAJORITY OF DISINTERESTED PERSONS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION OF THE CEO AND OTHER OFFICERS THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES AND NO OFFICERS OR OTHER EMPLOYEES RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATION (E.G., FOUNDATION). DURING FYE 6/30/2024, ALL WERE COMPENSATED BY THE UNIVERSITY OF CALIFORNIA, IRVINE, A RELATED ORGANIZATION. SENIOR MANAGEMENT, INCLUDING THE CHANCELLOR, ARE COMPENSATED IN ACCORDANCE WITH UNIVERSITY OF CALIFORNIA REGENTS POLICY 7701. A NUMBER OF FACTORS ARE CONSIDERED TO DETERMINE FAIR AND REASONABLE COMPENSATION INCLUDING: PERFORMANCE, PEER COMPARABILITY, EXTERNAL MARKET COMPARABILITY, SCOPE AND BREADTH OF EXPERIENCE AND RESPONSIBILITIES. COMPENSATION OF THE CHANCELLOR IS APPROVED BY THE REGENTS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES IT FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. UNIVERSITY OF CA IRVINE UNIVERSITY OF CALIFORNIA IRVINE CA 92697 952226406 EDUCATION CA 501(C)(3) 2 UC REGENTS 0 UCI ALUMNI ASSOCIATION NEWKIRK ALUMNI CENTER IRVINE CA 92697 237237163 FUNDRAISING CA 501(C)(3) 7 N/A 0 REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN STREET OAKLAND CA 94607 943067788 EDUCATION CA STATE OF CA 0 CHARITABLE REMAINDER UNITRUST (2) CHARITABLE TR CA UCI FOUNDATION T 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0 CHARITABLE REMAINDER UNITRUST R 98000 AGREEMENT