2025-05-02T16:33:24-05:00 2024-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-07-01 270652636 BERKELEY ENDOWMENT MANAGEMENT COMPANY BERK 4158149841 1995 UNIVERSITY AVENUE 401 BERKELEY CA 94704 NANCY LUBICH MCKINNEY TREASURER 5106421212 2025-04-24 1 0 DAVID M HIGHFILL P01517891 2139724000 2025-04-24 2023 2025-03-06 01:10:19Z DAVID MCAULIFFE 1995 UNIVERSITY AVE 401 BERKELEY CA CA 94704 5533245 0 X WWW.BERKELEYENDOWMENT.ORG X 2009 CA BEMCO PROVIDES PROF. INVEST. MGMT. OF ENDOWMENT DONATIONS; SEE SCHEDULE O FOR MORE INFORMATION GIVEN TO THE UNIVERSITY OF CALIFORNIA BERKELEY ("UCB") FOUNDATION TO BENEFIT UCB. 6 6 11 8 0 0 0 0 6211382 5533245 0 0 0 0 6211382 5533245 0 0 0 0 4844911 4080942 0 0 0 1366471 1452303 6211382 5533245 0 0 0 0 0 0 0 0 BEMCO PROVIDES PROFESSIONAL STEWARDSHIP OF ENDOWMENT DONATIONS GIVEN TO THE UNIVERSITY OF CALIFORNIA BERKELEY ("UCB") FOUNDATION TO BENEFIT UCB. 0 0 4867461 5533245 AS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION, BEMCO MANAGES THE INVESTMENT OF ENDOWMENT GIFTS THAT HAVE BEEN ENTRUSTED TO THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION IN SUPPORT OF BERKELEY'S MISSION OF TEACHING, RESEARCH, AND PUBLIC SERVICE. 4867461 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 11 1 0 0 0 0 0 0 0 0 0 0 1 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X NANCY LUBICH MCKINNEY 5106421212 1995 UNIVERSITY AVENUE SUITE 401 BERKELEY CA 94704 CYRUS HADIDI CHAIR & DIRECTOR 1.00 1.00 X X 0 0 0 DIANA STRANDBERG SECRETARY & DIRECTOR 1.00 0.00 X X 0 0 0 NADINE TANG DIRECTOR 1.00 1.00 X 0 0 0 JOHN JENKS DIRECTOR 1.00 0.00 X 0 0 0 BEN BISCONTI DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH OVERSHAW DIRECTOR 1.00 0.00 X 0 0 0 DAVID MCAULIFFE PRESIDENT & CHIEF INVESTMENT OFFICER 40.00 0.00 X 1222682 0 97811 LORAINE BINION TREASURER 8.00 32.00 X 0 227240 41137 MELODY ING MANAGING DIRECTOR 40.00 0.00 X 611750 0 53530 DAVID BAHR MANAGING DIRECTOR 40.00 0.00 X 532145 0 58376 CATHERINE NGUYEN MANAGING DIRECTOR OF OPERATIONS 40.00 0.00 X 373082 0 66345 STEVEN ALGERT MANAGING DIRECTOR 40.00 0.00 X 367497 0 61340 ANNIKA ULRICH ASSOCIATE 40.00 0.00 X 185827 0 46160 3292983 227240 424699 9 0 1 0 0 INVESTMENT MANAGEMENT SERVICES 523000 5533245 5533245 5533245 5533245 5533245 0 0 1328956 1328956 2273924 2151007 122917 227566 211398 16168 75478 74890 588 175018 164037 10981 460394 460394 117945 117945 34929 34929 300029 300029 11494 10919 575 55727 52941 2786 249386 236917 12469 142850 142850 79549 75572 3977 5533245 4867461 665784 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 X 0 1 X 1 0 X X X 1 UC BERKLEY FDN 986090626 5 0 0 5533245 1 0 5533245 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X X X X 0 0 0 0 0 0 0 1 0 DAVID MCAULIFFE PRESIDENT & CHIEF INVESTMENT OFFICER 815158 0 407344 0 180 0 42900 0 54911 0 1320493 0 0 0 MELODY ING MANAGING DIRECTOR 385081 0 226669 0 0 0 42900 0 10630 0 665280 0 0 0 DAVID BAHR MANAGING DIRECTOR 326080 0 206065 0 0 0 42900 0 15476 0 590521 0 0 0 CATHERINE NGUYEN MANAGING DIRECTOR OF OPERATIONS 232070 0 141012 0 0 0 42900 0 23445 0 439427 0 0 0 STEVEN ALGERT MANAGING DIRECTOR 165275 0 178500 0 23722 0 39315 0 22025 0 428837 0 0 0 LORAINE BINION TREASURER 0 227240 0 0 0 0 0 32154 0 8983 0 268377 0 0 ANNIKA ULRICH ASSOCIATE 136061 0 49766 0 0 0 24462 0 21698 0 231987 0 0 0 PART I, LINE 7: NONFIXED PAYMENTS CERTAIN INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED DISCRETIONARY NONFIXED PAYMENTS. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B (II) WHERE APPLICABLE. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION ("UCBF") IS THE SOLE MEMBER OF BEMCO. FORM 990, PART VI, SECTION A, LINE 7A ELECTION TO BE A MEMBER OF THE BOARD OF DIRECTORS: DIRECTORS OF BERKELEY ENDOWMENT MANAGEMENT COMPANY ("BEMCO") ARE ELECTED BY ACTION TAKEN BY UCBF AT A MEETING OF THE BOARD OF TRUSTEES OF UCBF. ANY DIRECTOR OF BEMCO MAY BE REMOVED WITH OR WITHOUT CAUSE BY UCBF. TWO MEMBERS OF THE BOARD OF DIRECTORS OF BEMCO MUST BE TRUSTEES OF UCBF. FORM 990, PART VI, SECTION A, LINE 7B REQUIRED APPROVAL OF DECISIONS OF GOVERNING BODY PURSUANT TO ARTICLE V OF THE BYLAWS OF BEMCO, THE FOLLOWING ACTIONS REQUIRE THE APPROVAL BY THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION: (A) ANY AMENDMENT OR RESTATEMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS OF BEMCO; (B) APPROVAL AND/OR RATIFICATION OF ANNUAL BUDGETS PROPOSED BY THE MANAGEMENT OF BEMCO; (C) ELECTION AND REMOVAL OF ANY DIRECTOR OF THE BOARD; (D) PURCHASE, SALE, LEASE, TRANSFER OR ANY OTHER DISPOSITION OR ENCUMBRANCE OF THE REAL PROPERTY OF BEMCO; (E) ASSUMPTION OR CREATION OF ANY INDEBTEDNESS OF BEMCO EXCEPT IN THE ORDINARY COURSE OF BUSINESS; (F) MAJOR TRANSACTIONS OF BEMCO, INCLUDING, BUT NOT LIMITED TO, THE PURCHASE, SALE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE OF MATERIAL ASSETS OF BEMCO; (G) ANY MERGER, ACQUISITION, CONSOLIDATION OR DISSOLUTION OF BEMCO, OR THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF BEMCO OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; (H) ESTABLISHMENT OF ANY SUBSIDIARY OF BEMCO; AND (I) DISSOLUTION OF BEMCO. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED BY THE ORGANIZATION TO REVIEW FORM 990 INFORMATION TO PREPARE THE 990 WAS GATHERED BY THE BEMCO TREASURER. THE RETURN WAS PREPARED WITH THE ASSISTANCE OF KPMG, LLP AND WAS REVIEWED BY THE TREASURER. THE FORM 990 WAS THEN REVIEWED BY UCBF'S AUDIT COMMITTEE, WHICH HAS AUTHORITY AND OVERSIGHT OF THE BEMCO AUDIT AND TAX PREPARATION. KPMG, LLP SIGNED THE RETURN AS A PAID PREPARER. A COMPLETE COPY WAS PROVIDED TO THE FULL BEMCO 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, BEMCO DISTRIBUTES CONFLICT OF INTEREST QUESTIONNAIRES WHICH THE BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES COMPLETE AND RETURN. THE TREASURER OF THE ORGANIZATION REVIEWS THE RETURNED FORMS FOR COMPLIANCE. IF A CONFLICT IS DISCOVERED IT IS ESCALATED TO THE APPROPRIATE PARTY WITHIN THE ORGANIZATION AND THE INDIVIDUAL RECUSES HIMSELF/HERSELF FROM THE DELIBERATIONS AND DECISION REGARDING THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A DETERMINATION OF COMPENSATION THE COMPENSATION ARRANGEMENT AND COMPARABLE DATA FOR THE PRESIDENT WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, A BODY AUTHORIZED BY THE BOARD OF DIRECTORS AND CONSISTING OF PERSONS INDEPENDENT OF THE TRANSACTION UNDER CONSIDERATION. REASONABLENESS OF SALARY AND METHOD OF THE PRESIDENT'S COMPENSATION WAS BASED ON COMPARABLE COMPENSATION MARKET DATA FOR INVESTMENT PROFESSIONALS IN SIMILAR FOUNDATION/UNIVERSITY/COLLEGE/HIGHER EDUCATION INVESTMENT ROLES. THE DELIBERATIONS AND DECISIONS REGARDING THE PRESIDENT'S COMPENSATION ARRANGEMENT WERE CONTEMPORANEOUSLY DOCUMENTED IN COMPENSATION COMMITTEE MINUTES. THE DOCUMENTATION INCLUDED THE TERMS OF THE APPROVED TRANSACTION AND THE DATE IT WAS APPROVED; THE MEMBERS OF THE COMMITTEE WHO WERE PRESENT DURING THE DISCUSSION OF THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; THE COMPARABILITY DATA OBTAINED RELIED UPON BY THE COMMITTEE AND HOW THE DATA WAS OBTAINED; AND NOTED THERE WERE NO CONFLICTS OF INTERESTS. THE PRESIDENT'S COMPENSATION WAS LAST REVIEWED ON DECEMBER 4, 2024. FORM 990, PART VI, LINE 15B OFFICER LORAINE BINION WAS NOT COMPENSATED BY BEMCO. SHE WAS AN EMPLOYEE OF THE UNIVERSITY OF CALIFORNIA, BERKELEY, A RELATED ORGANIZATION, AND THE COMPENSATION WAS DETERMINED AND PAID BY THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. UC BERKELEY FOUNDATION 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 946090626 SUPPORT UC BERKELEY CA 501(C)(3) LINE 5 UCB 0 UNIVERSITY OF CALIFORNIA BERKELEY 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 946002123 EDUCATION CA 501(C)(3) LINE 6 N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0