2025-05-09T19:19:42-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 823049880 CLAREMONT INVESTMENT FUND CLAR 9096218230 500 EAST 9TH STREET CLAREMONT CA 91711 ERIN WATKINS CHIEF OPERATING & FINANCIAL OFFICER 9096218230 2025-05-09 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-05-05 2023 2025-03-06 01:10:19Z NA ERIN WATKINS 500 EAST 9TH STREET CLAREMONT CA 91711 406885598 0 X N/A X 2017 CA CLAREMONT INVESTMENT FUND WAS ORGANIZED TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CLAREMONT MCKENNA COLLEGE AND THOSE MEMBERS OF THE CLAREMONT COLLEGES THAT MAY BE APPROVED BY THE COLLEGE'S BOARD OF DIRECTORS FROM TIME TO TIME. 7 7 0 7 5291067 634089 0 0 0 0 62107132 65980198 0 0 62107132 65980198 0 0 0 0 0 0 0 0 0 4115795 4435989 4115795 4435989 57991337 61544209 1767485221 1958087798 407804008 453837070 1359681213 1504250728 X CLAREMONT INVESTMENT FUND (THE "FUND") WAS ORGANIZED TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CLAREMONT MCKENNA COLLEGE (THE "COLLEGE") AND THOSE MEMBERS OF THE CLAREMONT COLLEGES THAT MAY BE APPROVED BY THE COLLEGE'S BOARD OF DIRECTORS FROM TIME TO TIME. THE FUND'S BROAD OBJECTIVE IS TO PRESERVE AND ENHANCE ITS REAL (INFLATION-ADJUSTED) PURCHASING POWER WHILE PROVIDING A RELATIVELY PREDICTABLE, STABLE, AND CONSTANT (IN REAL TERMS) STREAM OF EARNINGS CONSISTENT WITH THE SPENDING NEEDS OF THE COLLEGE AND PARTICIPATING MEMBERS OF THE CLAREMONT COLLEGES. THE FUND IS AN AFFILIATE OF CLAREMONT MCKENNA COLLEGE. 0 0 MANAGEMENT OF ENDOWMENT INVESTMENT ASSETS FOR CLAREMONT MCKENNA COLLEGE AND HARVEY MUDD COLLEGE. 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 1 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 X 0 0 0 1 1 1 AS BE CA DA FR GM HK JA NL NO SN SP SW SZ UK 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X ERIN WATKINS 9096218230 500 EAST 9TH STREET CLAREMONT CA 91711 ROSSI A RUSSELL CHAIR 1.00 1.00 X X 0 0 0 JOHN SHEWSBERRY VICE-CHAIR 1.00 1.00 X X 0 0 0 ABBOTT BROWN DIRECTOR 1.00 1.00 X 0 0 0 MATTHEW FERRI DIRECTOR 1.00 2.00 X 0 0 0 SHAMIT GROVER DIRECTOR 1.00 2.00 X 0 0 0 DAVID G MGRUBLIAN DIRECTOR 1.00 2.00 X 0 0 0 HARRY T MCMAHON DIRECTOR 1.00 2.00 X 0 0 0 JAMES FLOYD PRESIDENT AND CEO 1.00 41.00 X 0 888315 105992 ERIN WATKINS CFO 1.00 41.00 X 0 290000 48517 MATTHEW BIBBENS SECRETARY 1.00 41.00 X 0 335790 78602 MICHAEL DENNY VICE PRESIDENT 1.00 41.00 X 0 472873 54211 ANDREW DORANTES FORMER VICE PRESIDENT 0.00 50.00 X 0 427073 65774 0 2414051 353096 0 1 1 0 CLAREMONT INVESTMENT MANAGEMENT COMPANY 500 EAST 9TH STREET CLAREMONT CA 91711 INVESTMENT MANAGEMENT SERVICES 4435989 1 24087598 5291067 18796531 382798000 340905400 41892600 41892600 41892600 65980198 0 5291067 60689131 4435989 4435989 4435989 0 4435989 0 22847742 27251059 862044665 168508128 882592814 1762328611 1767485221 1958087798 407804008 453837070 407804008 453837070 X 1359681213 1504250728 1359681213 1504250728 1767485221 1958087798 X 61544209 104816373 -21791067 X 0 1 X 1 0 X X 2 CLAREMONT MCKENNA COLLEGE 951664101 2 1 0 0 HARVEY MUDD COLLEGE 951911219 2 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PART IV, SECTION A, LINE 1: PER THE ARTICLES OF INCORPORATION, CLAREMONT INVESTMENT FUND IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CLAREMONT MCKENNA COLLEGE AND THOSE MEMBERS OF THE CLAREMONT COLLEGES THAT ARE DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE CODE AND THAT MAY BE APPROVED BY THE BOARD OF DIRECTORS AND CLAREMONT MCKENNA COLLEGE FROM TIME TO TIME. PART IV, SECTION B, LINE 1: PER SECTION 4 OF THE BYLAWS, CLAREMONT MCKENNA COLLEGE SHALL BE ENTITLED TO APPOINT ALL THE DIRECTORS OF THE CORPORATION. CLAREMONT MCKENNA COLLEGE, IN ITS SOLE DISCRETION, MAY CONSIDER NOMINATIONS FOR CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS PROVIDED BY ONE OR MORE OTHER SUPPORTED ORGANIZATIONS OF THE CORPORATION. THEREFORE, HARVEY MUDD COLLEGE HAS THE POWER TO NOMINATE CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS, BUT THE APPOINTMENT MUST BE APPROVED BY CLAREMONT MCKENNA COLLEGE. 0 1 X 0 PRIVATE EQUITY AND VENTURE CAPITAL 577706595 F REAL ESTATE, ENERGY, & TIMBER 194038692 F ABSOLUTE RETURN FUNDS 151322062 F LONG/SHORT EQUITY 88375013 F GLOBAL DEVELOPED EQUITY 644934385 F GLOBAL FIXED INCOME 105951864 F 1762328611 X 165505504 104816373 104816373 60689131 5291067 5291067 65980198 20935989 16500000 16500000 4435989 0 4435989 PART IV, LINE 2B: FUNDS HELD IN TRUST FOR OTHERS CONSISTS OF INVESTMENTS HELD BY THE FILING ORGANIZATION AS A CUSTODIAN FOR A RELATED ORGANIZATION, HARVEY MUDD COLLEGE ("HMC"). INVESTMENTS HELD FOR OTHERS ARE INCLUDED IN THE FUND'S INVESTMENT PORTFOLIO. UPON WRITTEN NOTIFICATION, HMC MAY WITHDRAW FUNDS HELD BY THE FUND, SUBJECT TO CERTAIN LIMITATIONS AS ESTABLISHED IN ITS PARTICIPATION AGREEMENT. PART X, LINE 2: THE COLLEGE HAD NO UNRECOGNIZED TAX BENEFITS AND/OR OBLIGATIONS OR UNCERTAIN TAX POSITIONS AT JUNE 30, 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME FROM K-1'S 5,291,067. PART XII, LINE 2D - OTHER ADJUSTMENTS: PARTICIPANT DISTRIBUTIONS 16,500,000. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 498359037 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 42622494 NORTH AMERICA 0 0 INVESTMENTS 41795949 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 35590113 0 0 0 0 0 0 618367593 0 618367593 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 JAMES FLOYD PRESIDENT AND CEO 0 612500 0 274615 0 1200 0 58896 0 47096 0 994307 0 0 MICHAEL DENNY VICE PRESIDENT 0 327500 0 144173 0 1200 0 36396 0 17815 0 527084 0 0 ANDREW DORANTES FORMER VICE PRESIDENT 0 427073 0 0 0 0 0 39600 0 26174 0 492847 0 0 MATTHEW BIBBENS SECRETARY 0 334950 0 0 0 840 0 37034 0 41568 0 414392 0 0 ERIN WATKINS CFO 0 290000 0 0 0 0 0 31532 0 16985 0 338517 0 0 PART I, LINE 3 A RELATED ORGANIZATION SET THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING ONE OR MORE METHODS DESCRIBED ON SCHEDULE J, PART I, LINE 3. FORM 990, PART VI, SECTION A, LINE 3 CLAREMONT MCKENNA COLLEGE PROVIDES MANAGEMENT AND INVESTMENT MANAGEMENT SERVICES TO CLAREMONT INVESTMENT FUND (THROUGH AN INTERMEDIARY SERVICES AGREEMENT WITH CLAREMONT INVESTMENT MANAGEMENT COMPANY). THE OFFICERS OF CLAREMONT INVESTMENT FUND ARE PAID AND EMPLOYED BY CLAREMONT MCKENNA COLLEGE. THE COMPENSATION PAID TO THE OFFICERS FOR SERVICES PROVIDED TO THE FILING AND RELATED ORGANIZATIONS IS LISTED ON FORM 990, PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 4 SEVERAL MINOR MODIFICATIONS WERE MADE TO THE CIF BYLAWS TO UPDATE POSITION AND POLICY TITLES: -CHAIR INSTEAD OF CHAIRMAN -CHIEF FINANCIAL OFFICER INSTEAD OF TREASURER -INTERESTED PARTY TRANSACTIONS POLICY INSTEAD OF CONFLICT OF INTEREST POLICY THE BYLAWS WERE ALSO AMENDED TO INCLUDE THE ADDITION OF A VICE-CHAIR OF THE BOARD TO ALLOW FOR IMPROVED SUCCESSION PLANNING. FORM 990, PART VI, SECTION A, LINE 7A CLAREMONT MCKENNA COLLEGE SHALL BE ENTITLED TO APPOINT ALL THE DIRECTORS OF THE CORPORATION. CLAREMONT MCKENNA COLLEGE, IN ITS SOLE DISCRETION, MAY CONSIDER NOMINATIONS FOR CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS PROVIDED BY ONE OR MORE OTHER SUPPORTED ORGANIZATIONS OF THE CORPORATION. THEREFORE, HARVEY MUDD COLLEGE HAS THE POWER TO NOMINATE CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS, BUT THE APPOINTMENT MUST BE APPROVED BY CLAREMONT MCKENNA COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE FUND UTILIZES A PROCESS FOR REVIEW OF IRS FORM 990 THAT INVOLVES MULTIPLE LAYERS OF MANAGEMENT, AS WELL AS GOVERNING BOARD MEMBERS. THE FUND HAS ENGAGED AN OUTSIDE ACCOUNTING FIRM TO PREPARE THE 990 USING INFORMATION PROVIDED BY MANAGEMENT AND THE CLAREMONT COLLEGES SERVICES' OFFICE OF FINANCIAL SERVICES. ONCE A DRAFT HAS BEEN PREPARED, IT IS REVIEWED BY INDIVIDUALS IN THE OFFICE OF FINANCIAL SERVICES AND MEMBERS OF MANAGEMENT OF THE FUND. ONCE THE COMMENTS ARE ANSWERED AND ANY ISSUES RESOLVED, THE 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY SIGN AND SUBMIT TO THE CFO A STATEMENT DISCLOSING ALL MATERIAL FINANCIAL INTERESTS OF THE INDIVIDUAL OR IMMEDIATE FAMILY MEMBERS IN ANY OUTSIDE ENTITY IN WHICH THE FUND HAS OR IS CONSIDERING A TRANSACTION OR OTHER BUSINESS RELATIONSHIP. THE CFO CREATES A SUMMARY REPORT OF THESE AND ANY OTHER KNOWN CONFLICT OF INTEREST DISCLOSURES FOR REVIEW BY THE AUDIT COMMITTEE. ALL TRANSACTIONS IN WHICH THE AUDIT COMMITTEE HAS DETERMINED THAT A CONFLICT EXISTS ARE APPROVED OR RATIFIED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 CORPORATE OFFICER AND KEY EMPLOYEE COMPENSATION DETERMINATION IS PERFORMED ON AN ANNUAL BASIS BY A RELATED ORGANIZATION AND INCLUDES THE FOLLOWING ELEMENTS: 1) USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, 2) REVIEW OF COMPARABLE COMPENSATION DATA AND APPROVAL OF COMPENSATION ARRANGEMENTS BY A COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AND 3) CONTEMPORANEOUS DOCUMENTATION WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARRANGEMENTS. DATA AS TO COMPARABLE COMPENSATION IS DERIVED FROM ONE OR MORE OF THE FOLLOWING SOURCES: A) INFORMATION COMPILED FROM IRS FORM 990 REPORTS, B) OTHER REGIONAL OR NATIONAL COMPENSATION SURVEYS, INCLUDING AN ANNUAL COMPENSATION SURVEY PUBLISHED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES, AND C) EXTERNAL CONSULTANT SURVEYS AND/OR DATABASES, INCLUDING PREVAILING MARKET COMPENSATION FOR SIMILAR ADMINISTRATIVE POSITIONS IN THE GREATER LOS ANGELES AREA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCOME FROM K-1'S -5,291,067. PARTICIPANT DISTRIBUTIONS -16,500,000. CHILDREN'S EDUCATION CENTER OF CLAREMONT 500 E 9TH STREET CLAREMONT CA 91711 954508952 PRESCHOOL AND ELEMENTARY SCHOOL CA 501(C)(3) LINE 2 CLAREMONT MCKENNA COLLEGE 0 HARVEY MUDD COLLEGE 301 PLATT BOULEVARD CLAREMONT CA 91711 951911219 EDUCATION CA 501(C)(3) LINE 2 N/A 0 CLAREMONT MCKENNA COLLEGE 500 E 9TH STREET CLAREMONT CA 91711 951664101 EDUCATION CA 501(C)(3) LINE 2 N/A 0 CLAREMONT MCKENNA COLLEGE FOUNDATION 500 E 9TH STREET CLAREMONT CA 91711 330735781 SUPPORTING ORGANIZATION CA 501(C)(3) 12A, TYPE 1 CLAREMONT MCKENNA COLLEGE 0 CLAREMONT INVESTMENT MANAGEMENT COMPANY 500 E 9TH STREET CLAREMONT CA 91711 823028605 SUPPORTING ORGANIZATION CA 501(C)(3) 12A, TYPE 1 CLAREMONT MCKENNA COLLEGE 0 CLAREMONT MCKENNA COLLEGE ALUMNI ASSOCIATION 400 NORTH CLAREMONT BOULEVARD CLAREMONT CA 91711 956092792 SUPPORTING ORGANIZATION CA 501(C)(3) PF CLAREMONT MCKENNA COLLEGE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1