Form 990 for tax year 2024
Filed by UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION.
Totals
- Total revenue
- $606,100,425
- Total expenses
- $431,159,298
- Contributions and grants received
- $397,639,835
- Grants paid
- $415,377,582
- Program service revenue
- $0
- Investment income
- $208,460,590
- Other revenue
- $0
- Total assets, end of year
- $3,991,922,296
- Total liabilities, end of year
- $171,846,820
- Net assets or fund balances, end of year
- $3,820,075,476
- Program services expenses (Part IX)
- $415,377,582
- Management and general expenses
- $6,863,537
- Fundraising expenses
- $8,918,179
- Program service expenses (Part III)
- $415,377,582
Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$397,639,835
-
1g · Noncash contributions included above
$29,840,580
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $35,178,956 · unrelated business $353,208 · excluded $34,825,748
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $430,554,840
-
7b · Less cost or other basis and sales expenses
securities $257,273,206
-
7c · Gain or loss
securities $173,281,634 · other assets $0
-
7d · Net gain or loss
total $173,281,634 · excluded $173,281,634
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $415,377,582 · program services $415,377,582
-
11a · Fees: management
total $62,643 · management and general $62,643
-
11b · Fees: legal
total $60,808 · management and general $60,808
-
11c · Fees: accounting
total $202,151 · management and general $202,151
-
11f · Fees: investment management
total $5,888,614 · management and general $5,888,614
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $472,499 · management and general $472,499
-
17 · Travel
total $1,008 · management and general $1,008
-
19 · Conferences, conventions and meetings
total $136,098 · management and general $136,098
-
24a · Other expenses: PHIL. ALLOC UC BERKELEY
total $8,918,179 · fundraising $8,918,179
-
24b · Other expenses: Govt Regulatory Fees
total $39,716 · management and general $39,716
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $16,265,312 · end of year $27,229,383
-
3 · Pledges and grants receivable
beginning of year $247,519,594 · end of year $204,432,304
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,353,490 · end of year $1,382,266
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $446,971,072 · end of year $528,394,853
-
12 · Investments: other securities
beginning of year $2,977,646,272 · end of year $3,226,259,575
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $3,610,580 · end of year $4,223,915
-
17 · Accounts payable and accrued expenses
beginning of year $1,734,489 · end of year $1,297,799
-
21 · Escrow or custodial account liability
beginning of year $45,744,149 · end of year $51,834,383
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $98,867,462 · end of year $118,714,638
-
27 · Net assets without donor restrictions
beginning of year $8,071,280 · end of year $12,477,923
-
28 · Net assets with donor restrictions
beginning of year $3,538,948,940 · end of year $3,807,597,553
Mission and programs · 2024
Mission
THE UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION'S MISSION IS TO ADVANCE THE INTEREST AND PROMOTE THE WELFARE OF THE UNIVERSITY OF CALIFORNIA, BERKELEY (THE "UNIVERSITY"), TO DEVELOP AND INCREASE THE FACILITIES OF THE UNIVERSITY AND TO PROVIDE BROADER EDUCATIONAL OPPORTUNITIES BY ENCOURAGING CHARITABLE GIFTS AND DONATIONS TO THE UNIVERSITY, TO PROVIDE FUNDING FOR SCHOLARSHIPS, STUDENT ASSISTANCE PROGRAMS AND ACADEMIC RESEARCH FOR THE STUDENTS, EMPLOYEES AND FACULTY OF THE UNIVERSITY.
Activities or mission (Part I)
TO ADVANCE THE INTEREST & PROMOTE THE WELFARE OF THE UNIVERSITY OF CALIFORNIA, BERKELEY & TO INCREASE THE FACILITIES OF THE UNIV. & TO PROVIDE BROADER EDUCATIONAL OPPORTUNITIES.
-
GRANTS AND ALLOCATIONS TO THE UNIVERSITY OF CALIFORNIA, BERKELEY CAMPUS UNITS AND ORGANIZATIONS.
Expenses $415,377,582 · Grants $415,377,582
As filed on the 2024 return.
Listed in Part VII
-
BETTINA DUVAL
CHAIR, FOUNDATION
- Total calculated
- $0
- Hours/week
- 4
-
DANA BISCONTI
VICE CHAIR, PROGRAMS COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ERIC STERN
VICE CHAIR FOUNDATION
- Total calculated
- $0
- Hours/week
- 4
-
GAIL MADERIS
CHAIR, GOVERNANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
KAI HUANG
CHAIR, PROGRAMS COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
LISA GUERRA
VICE CHAIR, GOVERNANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
RICHARD K LYONS
CHANCELLOR
- Total calculated
- $748,779
- From this org
- $0
- From related orgs
- $620,677
- Other
- $128,102
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $618,149 related
- Bonus
- $0
- Other
- $0 + $2,528 related
- Deferred
- $0 + $92,700 related
- Nontaxable benefits
- $0 + $35,402 related
- Filer's total
- $0 + $748,779 related
-
ROGER KANG
CHAIR, NOMINATIONS COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHASHIKALA DEB
VICE CHAIR, NOMINATIONS COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
STEVE ELLIS
VICE CHAIR, FINANCE & ADMINISTRATION COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
WEIJIE YUN
CHAIR, FINANCE & ADMINISTRATION COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALAN TEMPLETON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ALLEN SOONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
AMY BASSELL CROWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ANITA YU WESTLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ANN BAXTER PERRIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ANNE BAKAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ANNE GATES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
BRYAN CAMERON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAMILLA SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
CAROL LIU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
CAROLYN SCHWAB-POMERANTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
CATHY UNGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
CHARLES HUANG
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CLYDE RODRIGUEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
COLLETTE CHILTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
CYRUS HADIDI
BEMCO BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID GEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
DEBORAH LOKER HICKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
DESI BANATAO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DIANA WALSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
HERBERT HOOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
ISABEL RHEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
JACK MCCAULEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
JANELLE GRIMES
TRUSTEE (THRU 02/2025)
- Total calculated
- $0
- Hours/week
- 0.8
-
JENNIFER KELLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
JIM KOSHLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOANNE CORDAY KOZBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
JOHN STOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
JULIE MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
KAHSHIN LEOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
KAREN DABBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
KEVIN CHOU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
KEVIN KENNEDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
KOFI BONNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LAURA PERLOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
LAURA WEN-YU YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
LAURENE WU MCCLAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
LISA JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
MARK EDELSTONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
MARY ELLEN KANOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
MITSURU IGARASHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
RENE KERN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
RICARDO MORA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
SANDRA RODRIGUES BEN-EFRAIM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
SHARON BONNER-BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHAWN TSAO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
SHUHONG YE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
SSTEVEN PAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
STEPHANIE RIVERA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
STEPHEN ISAACS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
STUART SHIFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
SUSAN CHAMBERLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN STUTZMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
TERRY ROSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
TING CHUK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
VINCENT CHEUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.8
-
CARL A WAYNE
ASSOCIATE VICE PRESIDENT
- Total calculated
- $361,579
- From this org
- $0
- From related orgs
- $317,373
- Other
- $44,206
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $288,373 related
- Bonus
- $0 + $29,000 related
- Other
- $0
- Deferred
- $0 + $20,846 related
- Nontaxable benefits
- $0 + $23,360 related
- Filer's total
- $0 + $361,579 related
-
GLEN CHANG
CONTROLLER
- Total calculated
- $100,386
- From this org
- $0
- From related orgs
- $89,095
- Other
- $11,291
- Hours/week
- 10 + 30 related
-
JANE SPERLING WISE
CORPORATE SECRETARY
- Total calculated
- $177,620
- From this org
- $0
- From related orgs
- $137,445
- Other
- $40,175
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $137,445 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,650 related
- Nontaxable benefits
- $0 + $28,525 related
- Filer's total
- $0 + $177,620 related
-
JULIE M HOOPER
PRESIDENT (THRU 01/2025)
- Total calculated
- $654,164
- From this org
- $0
- From related orgs
- $570,970
- Other
- $83,194
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $568,762 related
- Bonus
- $0
- Other
- $0 + $2,208 related
- Deferred
- $0 + $57,702 related
- Nontaxable benefits
- $0 + $25,492 related
- Filer's total
- $0 + $654,164 related
-
LESLIE SCHIBSTED
INTERIM PRESIDENT (AS OF 02/2025)
- Total calculated
- $283,279
- From this org
- $0
- From related orgs
- $235,397
- Other
- $47,882
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $235,397 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $22,390 related
- Nontaxable benefits
- $0 + $25,492 related
- Filer's total
- $0 + $283,279 related
-
LISHELLE BLAKEMORE
VICE PRESIDENT
- Total calculated
- $441,289
- From this org
- $0
- From related orgs
- $375,150
- Other
- $66,139
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $375,150 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $56,428 related
- Nontaxable benefits
- $0 + $9,711 related
- Filer's total
- $0 + $441,289 related
-
MIHI AHN
EXECUTIVE VICE PRESIDENT
- Total calculated
- $240,244
- From this org
- $0
- From related orgs
- $202,219
- Other
- $38,025
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $0 + $202,219 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $29,308 related
- Nontaxable benefits
- $0 + $8,717 related
- Filer's total
- $0 + $240,244 related
-
NANCY LUBICH MCKINNEY
ASSOCIATE VICE PRESIDENT & TREASURER
- Total calculated
- $440,915
- From this org
- $0
- From related orgs
- $371,264
- Other
- $69,651
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $371,264 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $50,291 related
- Nontaxable benefits
- $0 + $19,360 related
- Filer's total
- $0 + $440,915 related
-
RACHELLE REAGAN
ASSOCIATE VICE PRESIDENT
- Total calculated
- $233,060
- From this org
- $0
- From related orgs
- $182,695
- Other
- $50,365
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $182,695 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $26,896 related
- Nontaxable benefits
- $0 + $23,469 related
- Filer's total
- $0 + $233,060 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
UNIVERSITY OF CALIFORNIA BERKELEY
$415,377,582
SUPPORT EDUCATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UNIVERSITY OF CALIFORNIA BERKELEY
115 · EDUCATION · CA
Directly controlled by Na
-
BERKELEY ENDOWMENT MANAGEMENT COMPANY
501(c)(3) · INVESTMENT · CA · controlled entity
Directly controlled by UCBF
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
INVESTMENTS · CA · income $8,435,175 · assets $1,587,916
Directly controlled by UCBF
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BAKAR ENTREPRENEURSHIP FUND I LP
Excluded · INVESTMENTS · CA · 90.662% owned · share of income -$1,332,553 · share of assets $4,890,534
Directly controlled by UCBF
-
CHICAGO PACIFIC FOUNDERS FUND-A LP
Excluded · INVESTMENTS · IL · 88.898% owned · share of income $612,298 · share of assets $6,548,543
Directly controlled by UCBF
-
TRUEBRIDGE CAPITAL VENTURE PARTNERS III LLC
Excluded · INVESTMENTS · NC · 99.786% owned · share of income -$1,603,086 · share of assets $26,894,190
Directly controlled by UCBF
-
Excluded · Investments · CA · 97.561% owned · share of income -$454,389 · share of assets $1,445,611
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUST (133)
Trust · Trust · CA
Directly controlled by UCBF
-
CHARITABLE REMAINDER ANNUNITY TRUST (3)
Trust · Trust · CA
Directly controlled by UCBF
-
POOLED INCOME FUND (6)
Trust · Trust · CA
Directly controlled by UCBF
-
CHARITABLE GIFT ANNUITIES (208)
Trust · Trust · CA
Directly controlled by UCBF
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.1
- Source object
- 202611359349313246
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