2026-05-15T18:11:21+00:00 2025-06-30 135381590 BDO USA 601 UNION ST STE 2300 SEATTLE WA 981012317 990 2024-07-01 270652636 BERKELEY ENDOWMENT MANAGEMENT COMPANY BERK 5106421212 1995 University Avenue 401 Berkeley CA 94704 David McAuliffe President & CIO 2026-05-16 true true MATTHEW FRERKER P01677675 2063827777 2026-05-15 2024 2025-03-06 01:10:19Z David McAuliffe 1995 University Avenue 401 Berkeley CA 94704 5928330 false X WWW.BERKELEYENDOWMENT.ORG X 2009 CA Berkeley Endowment Management Company ("BEMCO") provides professional management of endowment donations: See schedule O for more information given to the University of California Berkeley ("UCB") foundation to benefit UCB. 6 6 12 6 0 0 5533245 5928330 0 0 5533245 5928330 0 0 4080942 4236905 0 0 1452303 1691425 5533245 5928330 0 0 0 0 0 0 0 0 The primary purpose of Berkeley Endowment Management Company ("BEMCO") is to allocate, invest, and manage the general endowment pool of the University of California, Berkeley Foundation ("UCBF"). false false 5253526 5928330 BEMCO manages the investment of endowment funds that have been gifted to the University of California, Berkeley Foundation in support of UC Berkeley's mission of teaching, research, and public service. 5253526 true false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 0 0 12 true false false false false false false false false false false false false X 6 6 false false false false true true true true true false false false true true true true true true true false false false CA X Nancy Lubich McKinney 5106421212 1995 University Avenue Suite 401 Berkeley CA 94704 Cyrus Hadidi Chair 1.0 X X 0 0 0 Diana Strandberg Secretary 1.0 X X 0 0 0 Ben Bisconti Director 1.0 X 0 0 0 Elizabeth Obershaw Director 1.0 X 0 0 0 John Jenks Director 1.0 X 0 0 0 Nadine Tang Director 1.0 X 0 0 0 David McAuliffe President & Chief Investment Officer 40.0 X 947222 0 94693 Nancy Lubich McKinney Treasurer 8.0 32.0 X 0 371264 69651 Catherine Nguyen Managing Director of Operations 40.0 X 390275 0 70171 David Bahr Managing Director 40.0 X 540399 0 48413 Katherine Swaim Associate 40.0 X 186193 0 35560 Melody Ing Managing Director 40.0 X 641098 0 58940 Taylor Hanson Rhoads Senior Operations Analyst 40.0 X 143367 0 40911 2848554 371264 418339 8 false true false 0 0 Investment Management Services 523000 5928330 5928330 0 0 0 0 5928330 0 0 0 0 0 0 0 0 0 5928330 5928330 0 0 1059835 1059835 2632125 2482612 149513 265068 245631 19437 85366 83627 1739 194511 181139 13372 425922 425922 166792 166792 35189 35189 434721 434721 0 0 0 0 44372 41711 2661 104965 98667 6298 251979 236860 15119 134923 134923 92562 87008 5554 0 0 0 0 5928330 5253526 674804 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 X false true true false X X X 1 UC Berkeley Foundation 896090626 5 true 5928330 0 1 5928330 0 true false false false false false false false false false false false false false false true false X X X X false false false false false false false true false Nancy Lubich McKinney Treasurer 0 371264 0 0 0 0 0 50291 0 19360 0 440915 0 0 David McAuliffe President & Chief Investment Officer 841597 0 105625 0 0 0 44850 0 49843 0 1041915 0 0 0 Melody Ing Managing Director 405898 0 235200 0 0 0 44850 0 14090 0 700038 0 0 0 David Bahr Managing Director 351237 0 189162 0 0 0 44357 0 4056 0 588812 0 0 0 Catherine Nguyen Managing Director of Operations 250595 0 139680 0 0 0 44850 0 25321 0 460446 0 0 0 Katherine Swaim Associate 135753 0 50440 0 0 0 24582 0 10978 0 221753 0 0 0 Taylor Hanson Rhoads Senior Operations Analyst 120597 0 22770 0 0 0 19040 0 21871 0 184278 0 0 0 Schedule J, Part I, Line 7 Non-fixed 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, Line 15b Officer Nancy Lubich McKinney 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, Line 6 Classes of members or stockholders There shall be one (1) member of BEMCO, which shall be the University of California, Berkeley Foundation ("UCBF"). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Pursuant to Article VI of BEMCO's Second Amended and Restated Bylaws, two (2) members of the Board shall be trustees of UCBF. Candidates for service on the Board shall be nominated by the Board. UCBF shall then elect Directors from those candidates for terms of three (3) years from and after the date of election and until a successor is duly elected and qualified or until the Director's office is declared vacant by a resolution of the Board. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Pursuant to Article V of BEMCO's Second Amended and Restated Bylaws, the following actions require the approval of the Member of the Corporation: (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, Line 11b Review of form 990 by governing body Information to prepare the 990 was gathered by the BEMCO Treasurer. The return was prepared with the assistance of BDO USA, 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. BDO USA 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, Line 12c Conflict of interest policy On an annual basis, BEMCO distributes a conflict of interest policy, disclosure questionnaire, and certification to the BEMCO board members, officers, senior advisors, and employees to complete and return. BEMCO's Treasurer reviews the returned forms for compliance. Each individual is asked to consider whether he or she has any material financial interest in any transaction that may be taken by the Board that could lead to a conflict of interest. If there is a potential conflict, the individual excuses himself or herself from discussing or voting on the matter. Form 990, Part VI, Line 15a Process to establish compensation of top management official 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 no conflicts of interest. The President's compensation was last reviewed on December 4, 2024. Form 990, Part VI, Line 19 Required documents available to the public 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) 5 UCB false University of California Berkeley 1995 University Ave Ste 401 Berkeley CA 94704 946002123 Education CA 115 NA false false false false false false false false false false false false true false false true true false false false