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        <FormAndLineReferenceDesc>SCHEDULE A, PART IV, LINE 6:</FormAndLineReferenceDesc>
        <ExplanationTxt>DURING THE 6/30/2024 FISCAL YEAR-END A GRANT WAS PAID TO A 501(C)(3) ORGANIZATION, CAMBRIDGE IN AMERICA. FUNDS WERE GIVEN TO SUPPORT THE SYMPOSIUM FUND PROJECT AND RESEARCH TEAMS PROJECT AT THE CAVENDISH LABORATORY. THIS GIFT FOLLOWS THE MISSION AND PURPOSE OF THE SUPPORTED ORGANIZATION, MARIN COMMUNITY FOUNDATION.</ExplanationTxt>
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        <PersonNm>JANELLE CAVANAGH</PersonNm>
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        <FormAndLineReferenceDesc>PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION IS PAID BY A RELATED ORGANIZATION, MARIN COMMUNITY FOUNDATION (MCF). THE FOLLOWING IS THE REVIEW AND APPROVAL PROCESS IN DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND CEO: THE PRESIDENT AND CEO IS THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION, AND THEIR COMPENSATION PACKAGE IS REVIEWED AND DECIDED UPON ANNUALLY. A COMPENSATION COMMITTEE COMPRISED OF SEVERAL INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS IS ESTABLISHED ANNUALLY. AS PART OF THIS PROCESS, THE COMPENSATION COMMITTEE PREPARES A WRITTEN PERFORMANCE APPRAISAL WITH INPUT FROM ALL BOARD MEMBERS. FURTHER, THE COMMITTEE COMPARES THE PRESIDENT'S COMPENSATION TO THAT OF OTHERS IN SIMILAR POSITIONS USING VARIOUS SURVEYS. EVERY FEW YEARS, THE COMMITTEE ENGAGES AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT TO EVALUATE THE PRESIDENT'S COMPENSATION PACKAGE TO DETERMINE IF THE COMPONENTS, AS WELL AS THE PACKAGE AS A WHOLE CONTINUE TO BE FAIR AND REASONABLE. DURING EXECUTIVE SESSION AT THE END OF THE FISCAL YEAR, WITH ALL BOARD MEMBERS ATTENDING, THE COMMITTEE REPORTS THEIR FINDINGS, THE OVERALL APPRAISAL, AND THEIR RECOMMENDATION. AFTER REVIEW AND DISCUSSION, THE BOARD DETERMINES THE PRESIDENT AND CEO'S COMPENSATION FOR THE NEXT YEAR.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE DIRECTORS ARE AUTOMATICALLY DIRECTORS AND ALL OTHER DIRECTORS ARE APPOINTED BY MCF.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>RAY DOLBY LEGACY FUND'S GOVERNANCE DECISIONS, PARTICULARLY AMENDMENT TO THE BY-LAWS, ALSO HAVE TO BE APPROVED BY THE GOVERNING BODY OF MCF, IT'S PARENT ORGANIZATION.</ExplanationTxt>
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        <ExplanationTxt>THE ORGANIZATION WILL DISTRIBUTE A FULL COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL MEMBERS OF THE GOVERNING BOARD, OFFICERS AND KEY EMPLOYEES MUST ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE CONCERNING COMPLIANCE TO DETERMINE WHETHER A CONFLICT EXISTS. THE FORMS ARE REVIEWED BY THE CORPORATE SECRETARY AND CFO TO ENSURE ONGOING COMPLIANCE AND DETERMINE WHETHER A CONFLICT EXISTS. ALL CONFLICTS AND POTENTIAL CONFLICTS ARE REQUIRED TO BE DISCLOSED, AND THE PERSON IS EXCLUDED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS CONCERNING THE MATTER.</ExplanationTxt>
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        <ExplanationTxt>RAY DOLBY LEGACY FUND DOES NOT HAVE ANY PAID STAFF. WE HIRED STAFF FOLLOWING THE POLICIES AND PROCEDURES OF ITS PARENT ORGANIZATION, THE MARIN COMMUNITY FOUNDATION (MCF). MCF'S TOP MANAGEMENT OFFICIAL'S COMPENSATION PACKAGE IS REVIEWED AND DECIDED ANNUALLY BY THE BOARD OF DIRECTORS. A COMPENSATION COMMITTEE COMPRISED OF SEVERAL INDEPENDENT BOARD MEMBERS OF THE BOARD OF DIRECTORS IS ESTABLISHED ANNUALLY. EVERY FEW YEARS, THE COMMITTEE ENGAGES AN INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT TO EVALUATE THE PRESIDENT'S &amp; CFO COMPENSATION PACKAGES TO DETERMINE IF THE COMPONENTS, AS WELL AS THE PACKAGE AS A WHOLE CONTINUE TO BE FAIR AND REASONABLE.</ExplanationTxt>
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        </USAddress>
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        <LegalDomicileStateCd>CA</LegalDomicileStateCd>
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        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>PRESIDIO THEATRE</BusinessNameLine1Txt>
        </DisregardedEntityName>
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        </USAddress>
        <EIN>841695823</EIN>
        <PrimaryActivitiesTxt>SUPPORT THE DEVELOPMENT &amp; OPERATION OF A COMMUNITY THEATER IN THE PRESIDIO</PrimaryActivitiesTxt>
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      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>MCF GIFT FUND INC</BusinessNameLine1Txt>
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          <AddressLine1Txt>5 HAMILTON LANDING SUITE 200</AddressLine1Txt>
          <CityNm>NOVATO</CityNm>
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        </USAddress>
        <EIN>680477815</EIN>
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        <LegalDomicileStateCd>CA</LegalDomicileStateCd>
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      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>PETER E HAAS JR FAMILY FUND</BusinessNameLine1Txt>
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          <BusinessNameLine1Txt>EQUATION CAMPAIGN &amp; GLOBAL CLIMATE LEGAL DEFENSE</BusinessNameLine1Txt>
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      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>MCF PHILANTHROPIC FUND</BusinessNameLine1Txt>
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          <AddressLine1Txt>5 HAMILTON LANDING SUITE 200</AddressLine1Txt>
          <CityNm>NOVATO</CityNm>
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        </USAddress>
        <EIN>992016872</EIN>
        <PrimaryActivitiesTxt>SUPPORT MARIN COMMUNITY FOUNDATION AND ITS GOALS</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 12B, II</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>MARIN COMMUNITY FOUNDATION</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>DAGMAR DOLBY FUND</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>5 HAMILTON LANDING SUITE 200</AddressLine1Txt>
          <CityNm>NOVATO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94949</ZIPCd>
        </USAddress>
        <EIN>475332690</EIN>
        <PrimaryActivitiesTxt>GRANT-MAKING</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 12A, I</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>MARIN COMMUNITY FOUNDATION</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>1</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>1</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>1</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>1</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>