2025-05-09T18:30:58-05:00 2024-06-30 814234542 BPM LLP 10 ALMADEN BOULEVARD SUITE 1000 SAN JOSE CA 951132238 990PF 2023-07-01 943148772 THE EUCALYPTUS FOUNDATION EUCA 4155613346 P O BOX 29550 SAN FRANCISCO CA 941290550 JEFFREY DOLAN CFO 4155613346 2025-05-09 1 0 TAMARA L MCINERNEY P00011797 4089616300 2025-05-09 2023 2025-03-06 01:10:19Z X 264885930 X 18618924 433058 404517 6044040 5053760 14474995 140510280 7239715 39571017 12697992 13400 1000 12400 62500 0 62500 11483 0 11483 115310 20000 95310 528610 510110 0 4852 492352 10594 5110 1297342 142388 4774 2520997 688944 191577 4387579 6001135 6908576 688944 6192712 32662441 12009048 48737 1372214 1372214 3469495 36278385 36278385 880824 861548 861548 106506701 150189753 150189753 69916664 64966785 64966785 13543827 10973049 10973049 14133906 244196 244196 208500154 264885930 264885930 148114 8768082 0 333537 0 9249733 X 208500154 255636197 208500154 255636197 208500154 264885930 208500154 32662441 14473602 255636197 0 255636197 CAPITAL GUARDIAN 24571 25489 -918 -918 VANGUARD SHORT TERM BOND 1200000 1264870 -64870 -64870 GOLDMAN SACHS MUNIS 63862017 63669302 192715 192715 GOLDMAN SACHS KESTREL 43176316 40005869 3170447 3170447 HCP ABSOLUTE RETURN FUND 4595644 3315577 1280067 1280067 LEVI STRAUSS & CO. CLASS A 27212260 24825308 2386952 2386952 CAPITAL GAIN DISTRIBUTIONS 328672 328672 328672 PASSTHROUGH GAINS AND K-1 INCOME P 110800 110800 110800 PASSTHROUGH GAINS AND K-1 INCOME P 164150 -164150 -164150 7239715 166926 0 166926 0 166926 123238 0 120000 0 243238 X 2892 73420 73420 0 0 0 0 0 0 0 0 0 0 0 1 1 CA 1 0 0 0 0 1 N/A JEFFREY DOLAN 4155613346 PO BOX 29550 SAN FRANCISCO CA 941290550 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 GORDON T GEBALLE PO BOX 29550 SAN FRANCISCO CA 941290550 PRESIDENT, DIRECTOR 1.00 0 0 0 ALISON F GEBALLE PO BOX 29550 SAN FRANCISCO CA 941290550 VICE PRES.,DIRECTOR 1.25 0 0 0 ADAM P GEBALLE PO BOX 29550 SAN FRANCISCO CA 941290550 VICE PRESIDENT, DIRECTOR 0.75 0 0 0 STEPHEN SCHWARZ PO BOX 29550 SAN FRANCISCO CA 941290550 SECRETARY, DIRECTOR 4.00 13400 0 0 JENNIFER G NORMAN PO BOX 29550 SAN FRANCISCO CA 941290550 DIRECTOR 0.75 0 0 0 RICHARD HORAN PO BOX 29550 SAN FRANCISCO CA 941290550 DIRECTOR OF GRANTS M 20.00 62500 11483 0 0 KESTREL INVESTMENT MGMT 411 BOREL AVE 403 SAN MATEO CA 94402 INVESTMENT MANAGEMENT 383734 GOLDMAN SACHS 555 CALIFORNIA STREET 45TH FLR SAN FRANCISCO CA 94104 INVESTMENT MANAGEMENT & CUSTODY 120266 TIFF SUSTAINABILITY FUND LP 170 N RADNOR CHESTER ROAD SUITE 300 RADNOR PA 19087 INVESTMENT MANAGEMENT 87873 EUCALYPTUS ASSOCIATES PO BOX 29550 SAN FRANCISCO CA 94129 TAX AND ACCOUNTING 80000 0 0 188700035 34194457 10997252 233891744 712167 0 233891744 3508376 230383368 11519168 11519168 166926 166926 11352242 0 11352242 0 11352242 6192712 0 6192712 11352242 0 0 1582272 2502666 2545497 1339690 7970125 6192712 0 0 0 6192712 0 5159530 5159530 2810595 0 0 0 0 0 0 0 2810595 1470905 1339690 ALISON F GEBALLE ADAM P GEBALLE X ACCESS BOOKS PO BOX 64951 LOS ANGELES CA 90064 NONE PUBLIC CHARITY ASSEMBLY SUPPORT 5000 ACHIEVE TAHOE PO BOX 8339 TRUCKEE CA 96162 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 AIM HIGH PO BOX 410715 SAN FRANCISCO CA 94141 NONE PUBLIC CHARITY SUMMER LEARNING EXPERIENCE PROGRAM 75000 AMERICAN ACADEMY OF OPHTHALMOLOGY FOUNDATION 655 BEACH ST SAN FRANCISCO CA 94109 NONE PUBLIC CHARITY PARKE CENTER CAMPAIGN 1500 AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE 1200 NEW YORK AVE NW WASHINGTON DC 20005 NONE PUBLIC CHARITY SCILINE GEOTARGETING 249986 AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE 1200 NEW YORK AVE NW WASHINGTON DC 20005 NONE PUBLIC CHARITY SCIENCE AND TECHNOLOGY FELLOWSHIPS 194993 AMERICAN PHYSICAL SOCIETY ONE PHYSICS ELLIPSE COLLEGE PARK MD 20740 NONE PUBLIC CHARITY PYSICSQUEST PROGRAM 217000 ANIMAL RESCUE FOUNDATION 2890 MITCHELL DRIVE WALNUT CREEK CA 94598 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 3000 ART SEED PO BOX 29277 SAN FRANCISCO CA 94129 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 2500 BAY AREA RAINBOW SYMPHONY 2261 MARKET ST SAN FRANCISCO CA 94114 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 BOYS AND GIRLS CLUB OF SAN FRANCISCO 380 FULTON STREET SAN FRANCISCO CA 94102 NONE PUBLIC CHARITY SUPPORT YOUTH MENTAL HEALTH & EDUCATION 75000 BOYS AND GIRLS CLUB OF THE PENINSULA 401 PIERCE ROAD MENLO PARK CA 94025 NONE PUBLIC CHARITY GENERAL SUPPORT 100000 BULAMU HEALTHCARE 1933 WAVERLEY STREET PALO ALTO CA 94301 NONE PUBLIC CHARITY IMPROVE UGANDA HEALTH SYSTEMS 200000 CAMPOLINDO ATHLETIC BOOSTERS 300 MORAGA RD MORAGA CA 94556 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 500 CHILDREN'S MUSEUM OF SONOMA COUNTY 1835 W STEELE LN SANTA ROSA CA 95403 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 CHRONICLE SEASON OF SHARING FUND PO BOX 7844 SAN FRANCISCO CA 941207844 NONE PUBLIC CHARITY GENERAL SUPPORT 30000 COASTSIDE ADULT DAY HEALTH CENTER 925 MAIN ST HALF MOON BAY CA 94019 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 COMPAGNIA DE' COLOMBARI PO BOX 17 VILLAGE STATION NEW YORK NY 10014 NONE PUBLIC CHARITY GENERAL SUPPORT 68500 COUNCIL FOR ECONOMIC EDUCATION 122 EAST 42ND STREET SUITE 1012 NEW YORK NY 10168 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 CURIODYSSEY 1651 COYOTE POINT DRIVE SAN MATEO CA 94401 NONE PUBLIC CHARITY GENERAL SUPPORT 25000 DIABLO VALLEY COLLEGE 1690 WATERMILL ROAD SAN RAMON CA 94582 NONE PUBLIC CHARITY COLLEGE NOW PROGRAM 7000 DOUGLAS LAND CONSERVANCY 115 WILCOX ST SUITE 220 CASTLE ROCK CO 80104 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 EAST PALO ALTO TENNIS & TUTORING 3460 W BAYSHORE RD PALO ALTO CA 94303 NONE PUBLIC CHARITY TUTOR COMPENSATION 90000 EAST PALO ALTO TENNIS & TUTORING 3460 W BAYSHORE RD PALO ALTO CA 94303 NONE PUBLIC CHARITY SITE COORDINATOR 28000 EAST PALO ALTO TENNIS & TUTORING 3460 W BAYSHORE RD PALO ALTO CA 94303 NONE PUBLIC CHARITY PROFESSIONAL DEVELOPMENT 12000 EAST PALO ALTO TENNIS & TUTORING 3460 W BAYSHORE RD PALO ALTO CA 94303 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 EASTSIDE COLLEGE PREPARATORY SCHOOL 1041 MYRTLE STREET EAST PALO ALTO CA 94303 NONE PUBLIC CHARITY HIGH SCHOOL PHYSICS PROGRAM 159260 ENVIRONMENTAL DEFENSE 123 MISSION STREET 28TH FLOOR SAN FRANCISCO CA 94105 NONE PUBLIC CHARITY SUPPORT THE CLIMATE CORPS 500000 EXPLORATORIUM - STABILITY & REVITALIZATION FUND PIER 15 EMBARCADERO AT GREEN ST SAN FRANCISCO CA 94111 NONE PUBLIC CHARITY STABILITY & REVITALIZATION FUND 500000 FRED HUTCHINSON CANCER CENTER PO BOX 19024 SEATTLE WA 98109 NONE PUBLIC CHARITY FOR THE RESERVOIR FUND 500000 FRIENDS OF SAN FRANCISCO PUBLIC LIBRARY 1630 17TH STREET SAN FRANCISCO CA 94107 NONE PUBLIC CHARITY SUPPORT FOR COMMUNITY PROGRAMS 25000 GEOHAZARDS INTERNATIONAL 687 BAY ROAD MENLO PARK CA 94025 NONE PUBLIC CHARITY HISPANIOLA & SOUTH ASIA & CLIMATE CHANGE 166666 GOOD SAMARITAN FAMILY RESOUCE CENTER 1294 POTRERO AVENUE SAN FRANCISCO CA 94110 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 50000 HELP & HOPE 1638 PARK ST CASTLE ROCK CASTLE ROCK CO 80109 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 HOLY FAMILY DAY HOME - MENTAL HEALTH PROGRAM 299 DOLORES STREET SAN FRANCISCO CA 94103 NONE PUBLIC CHARITY MENTAL HEALTH PROGRAM 35000 HSAN IV FOUNDATION PO BOX 3318 NARRAGANSETT RI 02882 NONE PRIVATE FOUNDATION GENERAL OPERATING SUPPORT 5000 HUCKLEBERRY YOUTH PROGRAMS 3450 GEARY BLVD SUITE 107 SAN FRANCISCO CA 94118 NONE PUBLIC CHARITY GENERAL SUPPORT 75000 INSTITUTE ON AGING 3575 GEARY BOULEVARD SAN FRANCISCO CA 94118 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 4000 INTERNATIONAL FESTIVAL OF ARTS AND IDEAS 195 CHURCH STREET NEW HAVEN CT 06510 NONE PUBLIC CHARITY GENERAL SUPPORT 200000 KICKSTART INTERNATIONAL 1849 GEARY BLVD PO BOX 15908 SAN FRANCISCO CA 941150908 NONE PUBLIC CHARITY ECONOMIC DEVELOPMENT - AFRICA 250000 LAS TRAMPAS SCHOOL 3460 LANA LN LAFAYETTE CA 94549 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 500 LEAGUE TO SAVE LAKE TAHOE 2877 LAKE TAHOE BLVD SOUTH LAKE TAHOE CA 96150 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 2500 LIGHTHAWK PO BOX 2751 GRAND JUNCTION CO 81502 NONE PUBLIC CHARITY CONSERVATION THROUGHOUT CALIFORNIA 50000 MATERIAL INNOVATION INSTITUTE DBA MATERIAL INNOVATION INITIATIVE 952 SCHOOL ST SUITE 175 NAPA CA 94559 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 MICROCREDIT ENTERPRISES 5758 GEARY BLVD 261 SAN FRANCISCO CA 94121 NONE PUBLIC CHARITY CAPITAL CALL 13730 MIDDLEBURY COLLEGE - MIDDLEBURY INSTITUTE OF INT'L STUDIES AT MONTEREY 700 EXCHANGE STREET MIDDLEBURY VT 05753 NONE PUBLIC CHARITY ENDOWMENTS: CENTER ON TERRORISM; FINANCIAL AID FOR TERRORISM RESEARCH 500000 MID-PENINSULA HIGH SCHOOL 1340 WILLOW ROAD MENLO PARK CA 94025 NONE PUBLIC CHARITY STUDENT FINANCIAL AID 50000 MISSION GRADUATES 3040 16TH STREET SAN FRANCISCO CA 94103 NONE PUBLIC CHARITY COLLEGE CONNECT, COLLEGE & CAREER PROGRAM 50000 MORAGA COMMUNITY FOUNDATION 1480 MORAGA ROAD STE C 191 MORAGA CA 94556 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 MORAGA EDUCATION FOUNDATION PO BOX 34 MORAGA CA 94556 NONE PUBLIC CHARITY CAMPOLINDO 5000 MORAGA EDUCATION FOUNDATION PO BOX 34 MORAGA CA 94556 NONE PUBLIC CHARITY CAMPOLINDO 3000 MORAGA PARK FOUNDATION PO BOX 302 MORAGA CA 94556 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 NATURAL RESOURCES DEFENSE COUNCIL 40 W 20TH STREET NEW YORK NY 10011 NONE PUBLIC CHARITY GENERAL SUPPORT 100000 NATURE BRIDGE 1033 FORT CRONKHITE SAUSALITO CA 94965 NONE PUBLIC CHARITY SUPPORT NAT'L ENVIRONMENTAL SCIENCE CENTER 250000 NEW YORK UNIVERSITY 547 LAGUARDIA PLACE NEW YORK NY 10012 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 OUTSIDE THE FRAME 800 NW 6TH AVENUE 335 PORTLAND OR 97209 NONE PUBLIC CHARITY GENERAL SUPPORT 75000 PALESTINE CHILDREN'S RELIEF FUND PO BOX 861716 LOS ANGELES CA 90086 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 2500 PLAYWORKDS 1423 BROADWAY PMB 161 OAKLAND CA 94612 NONE PUBLIC CHARITY STAFF SUPPORT 60000 PLYMOUTH STATE UNIVERSITY 17 HIGH ST PLYMOUTH NH 03254 NONE PUBLIC CHARITY HYDE HALL RENOVATION 5000 POPULATION MEDIA CENTER 30 KIMBALL AVENUE SUITE 302 SOUTH BURLINGTON VT 05403 NONE PUBLIC CHARITY GENERAL SUPPORT 30000 POSITIVE COACHING ALLIANCE 66 FRANKLIN ST SUITE 300 OAKLAND CA 94607 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 3500 PROJECT OPEN HAND 730 POLK ST SAN FRANCISCO CA 94109 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 RAVENSWOOD EDUCATION FOUNDATION - RAVENSWOOD SCHOOL DISTRICT PO BOX 396 MENLO PARK CA 94026 NONE PUBLIC CHARITY GENERAL SUPPORT 50000 RED TAB FOUNDATION 1155 BATTERY STREET SAN FRANCISCO CA 94111 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 20000 REGENTS OF THE UNIVERSITY OF CALIFORNIA UC DAVIS 4900 BROADWAY 1830 SACRAMENTO CA 95820 NONE PUBLIC CHARITY COMPREHENSIVE CANCER CENTER 1000 RIVER PARTNERS 999 3RD ST SAN RAFAEL CA 94901 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 RONALD MCDONALD HOUSE CHARITIES OF CENTRAL TEXAS 1315 BARBARA JORDAN BLVD AUSTIN TX 78723 NONE PUBLIC CHARITY A PLACE LIKE HOME CAPITAL CAMPAIGN 5000 SALVATION ARMY 832 FOLSOM ST SAN FRANCISCO CA 94107 NONE PUBLIC CHARITY REDWOOD CITY CORPS. 5000 SAN DIEGO WILDLIFE ALLIANCE 2920 ZOO DR SAN DIEGO CA 92101 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 2500 SAN FRANCISCO OPERA 301 VAN NESS AVENUE SAN FRANCISCO CA 941024509 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 SAN FRANCISCO PHILHARMONIC 201 VAN NESS AVE SAN FRANCISCO CA 94102 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1000 SAN FRANCISCO SYMPHONY DAVIES SYMPHONY HALL 201 VAN NESS AVENUE SAN FRANCISCO CA 94102 NONE PUBLIC CHARITY MUSIC & MENTORS PROGRAM 100000 SAVE THE BAY 560 14TH STREET 400 OAKLAND CA 94612 NONE PUBLIC CHARITY GENERAL SUPPORT 100000 SCHOOLS OF THE SACRED HEART 2222 BROADWAY SAN FRANCISCO CA 94115 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 1500 SEACOLOGY 1623 SOLANO AVENUE BERKELEY CA 94707 NONE PUBLIC CHARITY THE DOMINICAN REPUBLIC NAT'L MANGROVE INITIATIVE 25000 SENIOR COASTSIDERS 925 MAIN ST HALF MOON BAY CA 94019 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 SIDE BY SIDE 300 SUNNY HILLS DRIVE SAN ANSELMO CA 94960 NONE PUBLIC CHARITY GENERAL SUPPORT 12500 TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORP 201 EDDY STREET SAN FRANCISCO CA 94102 NONE PUBLIC CHARITY GENERAL SUPPORT 50000 THE ASPEN EFFECT 5855 WADSWORTH BYPASS UNIT A ARVADA CO 80003 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 5000 UC MERCED FOUNDATION 5200 NORTH LAKE ROAD MERCED CA 95343 NONE PUBLIC CHARITY MEDICAL EDUCATION PROGRAM 100000 UNIVERSITY OF COLORADO FOUNDATION 1800 GRANT ST 800 DENVER CO 80203 NONE PUBLIC CHARITY POLITICAL SCIENCE DEPARTMENT FUND 500 UNIVERSITY OF PENNSYLVANIA 2929 WALNUT ST PHILADELPHIA PA 19104 NONE PUBLIC CHARITY THE WHARTON FUND 500 VIVALON 999 3RD ST SAN RAFAEL CA 94901 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 WESTERN CENTER OF LAW AND POVERTY 3701 WILSHIRE BLVD SUITE 208 LOS ANGELES CA 90010 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 50000 WESTERN REGIONAL ADVOCACY PROJECT 2940 16TH STREET SUITE 200-2 SAN FRANCISCO CA 94103 NONE PUBLIC CHARITY GENERAL SUPPORT 30000 YALE UNIVERSITY 157 CHURCH STREET NEW HAVEN CT 065102100 NONE PUBLIC CHARITY FUND DIRECTOR AT THE SCHOOL OF PUBLIC HEALTH 300000 6001135 BOYS AND GIRLS CLUBS OF THE PENINSULA 401 PIERCE ROAD MENLO PARK CA 94025 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 450000 COMPAGNIA DE' COLOMBARI PO BOX 17 VILLAGE STATION NEW YORK NY 10014 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 147257 CURIODYSSEY 1651 COYOTE POINT DRIVE SAN MATEO CA 94401 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 25000 EAST PALO ALTO TENNIS & TUTORING 3460 W BAYSHORE RD PALO ALTO CA 94303 NONE PUBLIC CHARITY TUTOR COMPENSATION 80000 EAST PALO ALTO TENNIS & TUTORING 3460 W BAYSHORE RD PALO ALTO CA 94303 NONE PUBLIC CHARITY AFTER SCHOOL PROGRAM EXPANSION 70000 FRED HUTCHINSON CANCER CENTER PO BOX 19024 SEATTLE WA 98109 NONE PUBLIC CHARITY RESERVOIR FUND 3000000 HOPE CHICAGO 303 E WACKER DR 360 CHICAGO IL 60601 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 LIFEMOVES 2550 GREAT AMERICA WAY SUITE 201 SANTA CLARA CA 95054 NONE PUBLIC CHARITY SUMMER ADVENTURE CAMP 75000 LIFEMOVES 2550 GREAT AMERICA WAY SUITE 201 SANTA CLARA CA 95054 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 75000 POPULATION MEDIA CENTER 30 KIMBALL AVENUE SUITE 206 BURLINGTON VT 05403 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 30000 SF-MARIN FOOD BANK PO BOX 7203 SAN FRANCISCO CA 94120 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 10000 SIDE BY SIDE 300 SUNNY HILLS DRIVE SAN ANSELMO CA 94960 NONE PUBLIC CHARITY REAL ALTERNATIVES PROGRAM 12500 WESTERN REGIONAL ADVOCACY PROJECT 2940 16TH STREET SUITE 200-2 SAN FRANCISCO CA 94103 NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 80000 4064757 14 433058 14 6044040 18 14474995 0 20952093 0 20952093 0 0 0 0 0 0 0 0 0 0 X X 1 THEODORE H GEBALLE ADMIN TRUST PO BOX 29550 SAN FRANCISCO CA 94129 13500000 X 2 THEODORE H GEBALLE ELECTED MAR TRUST PO BOX 29550 SAN FRANCISCO CA 94129 5118924 X ACCTNG. & ADMIN. FEE 80000 20000 60000 AUDIT FEE 28890 0 28890 TAX PREPARATION FEES 6420 0 6420 HSAN IV FOUNDATION PO BOX 3318 NARRAGANSETT RI 02882 2023-12-21 5000 GENERAL OPERATING SUPPORT 5000 4/25/25 EXPLANATION OF SELF-DEALING EXCEPTION FORM 990-PF, PART VII-B, LINE A(A)(3) & (4) PART VII-B, LINE 1A(3) & (4) RE: PAYMENT OF COMPENSATION TO A DISQUALIFIED PERSONACCOUNTING SERVICES ARE PROVIDED TO THE FOUNDATION BY EUCALYPTUS ASSOCIATES, INC., THE OWNERS AND DIRECTORS OF WHICH INCLUDE DIRECTORS AND OFFICERS OF THE FOUNDATION. SUCH SERVICES ARE PROVIDED AT OR BELOW FAIR MARKET VALUE. EXPLANATION OF CLAIMED VALUATION REDUCTION FORM 990-PF, PART IX, LINE 1(E) EXPLANATION:1. DESCRIPTION OF ASSET.1,850,486 SHARES OF LEVI STRAUSS & CO. (THE "COMPANY") CLASS B COMMON STOCK ("CLASS B SHARES"), WHICH WERE BEQUEATHED TO THE FOUNDATION AS OF JANUARY 1, 2023. CLASS B SHARES ARE NOT TRADEABLE ON PUBLIC SECURITIES MARKETS AND ARE SUBJECT TO TRANSFER RESTRICTIONS. CLASS B SHARES MAY BE CONVERTED ON A 1-FOR-1 BASIS FOR CLASS A SHARES OF THE COMPANY, WHICH ARE LISTED ON THE NEW YORK STOCK EXCHANGE. THE PROCESS TO CONVERT CLASS B SHARES TO CLASS A SHARES GENERALLY TAKES UP TO THREE BUSINESS DAYS AND REQUIRES DELIVERY OF A WRITTEN NOTICE OF CONVERSION TO THE COMPANY FOLLOWED BY COORDINATION WITH ITS TRANSFER AGENT AND THEN PROVIDING INSTRUCTIONS TO THE SELLING SHAREHOLDER'S BROKER.2. PERCENTAGE OF TOTAL ISSUED AND OUTSTANDING SECURITIES OF THE SAME CLASS REPRESENTED BY THE FOUNDATION'S HOLDINGS.AS OF 1/1/2023: 0.62% (BASED ON 297,962,327 CLASS B SHARESOUTSTANDING)3. THE FOUNDATION CONVERTED ALL ITS CLASS B SHARES BY DECEMBER 1, 2023.AS OF 5/28/2023: 0.62% (BASED ON 297,365,829 CLASS B SHARESOUTSTANDING)OUTSTANDING SHARES ARE BASED ON THE BEST AVAILABLE INFORMATION FROM THECOMPANY'S SEC FILINGS.AS NOTED ABOVE, CLASS B SHARES MAY BE CONVERTED ON A 1-FOR-1 BASIS FOR PUBLICLY TRADEABLE CLASS A SHARES. BASED ON BEST AVAILABLE INFORMATION, THE TOTAL NUMBER OF CLASS A SHARES OUTSTANDING AT THE BEGINNING AND NEAR THE END OF THE VALUATION PERIOD WAS:AS OF 1/1/2023: 96,241,469 SHARESAS OF 5/28/2023: 99,295,195 SHARES3. FAIR MARKET VALUE OF THE ASSET BEFORE ANY CLAIMED REDUCTION. FOR PURPOSES OF DETERMINING THE FOUNDATION'S MINIMUM INVESTMENT RETURN, THE FAIR MARKET VALUE OF CLASS B SHARES IS BASED INITIALLY ON THE CLOSING PRICE OF CLASS A SHARES ON THE NEW YORK STOCK EXCHANGE ON THE RELEVANTMONTHLY VALUATION DATES. THE CLOSING PRICES FOR CLASS A SHARES ON THOSE DATES WERE AS FOLLOWS:7/1/2023 15.078/31/2023 13.779/30/2023 13.5810/31/2023 13.6711/30/2023 15.494. AMOUNT OF DISCOUNT CLAIMED. 6.5%5. EXPLANATION OF WHY DISCOUNT IS APPROPRIATE FOR 4942 PURPOSES. A DISCOUNT FOR LACK OF MARKETABILITY AND BLOCKAGE IS APPROPRIATE FOR THE FOUNDATION'S HOLDINGS OF CLASS B SHARES FOR THE FOLLOWING REASONS: (A) CLASS B SHARES ARE NOT TRADEABLE UNTIL THEY ARE CONVERTED TO CLASS A SHARES. BECAUSE THE CONVERSION PROCESS TAKES UP TO THREE BUSINESS DAYS AND REQUIRES APPROVAL BY THE COMPANY AND THE TRANSFER AGENT, THE LIQUIDITY OF CLASS B SHARES IS NEGATIVELY IMPACTED.(B) EVEN AFTER CLASS B SHARES ARE CONVERTED TO CLASS A SHARES, THE MARKETABILITY OF THE CLASS A SHARES IS STILL IMPAIRED BECAUSE THE LARGE SIZE OF THE FOUNDATION'S HOLDINGS RELATIVE TO THE TOTAL NUMBER OF CLASS A SHARES OUTSTANDING AND THE NORMAL TRADING VOLUME OF CLASS A SHARES MAKES IT MORE DIFFICULT TO SELL SUCH A LARGE BLOCK WITHOUT AFFECTING THE PRICE.THIS ANALYSIS AND THE AMOUNT OF THE VALUATION DISCOUNT IS BASED ON INDEPENDENT APPRAISALS PREPARED FOR FEDERAL ESTATE TAX PURPOSES FOR THE ESTATES FROM WHICH THE FOUNDATION RECEIVED ITS CLASS B SHARES. DODGE & COX INC. FUND 11659005 11659005 VANGD. SHORT-TERM BOND FUND 5979872 5979872 VANGD.TOT. BOND MKT. INDEX FUND 21989921 21989921 GOLDMAN SACHS CORP. FIXED INC. 25337987 25337987 CAPITAL WORLD GROWTH & INC. FUND 8795179 8795179 ISHARES MSCI ACWI LOW CARBON FUND 5824850 5824850 LEVI STRAUSS & CO. CL. A STOCK 9096800 9096800 TIFF MULTI-ASSET FUND 10231366 10231366 VANGD. TOT. INT'L STK. IDX. INSTIT. 33046634 33046634 VANGD. TOTAL STK. MKT. FUND INSTIT. 56410117 56410117 GOLDMAN SACHS KESTREL 26784807 26784807 861548 861548 0 0 HCP ABSOLUTE RETURN FUND FMV 1151212 1151212 IMPRINT THEMATIC OPPORTUNITIES FMV 432163 432163 PRIV. EQUITY MGRS. IMPACT 2018 FMV 580421 580421 TIFF SUSTAINABILITY FUND FMV 8809253 8809253 CASH NOMINEE 11500000 REDEMPTION PROCEEDS RECEIVABLE 841939 244196 244196 INTEREST AND DIVIDENDS RECEIVABLE 1791967 FILING FEES 1000 0 1000 BANK CHARGES 142 0 142 PAYROLL SERVICE 2356 0 2356 LOSS ON PARTNERSHIP PASSTHROUGH INCOME 0 142388 0 OFFICE EXPENSE 982 0 982 REMOTE EXPENSE REIMBURSEMENT 294 0 294 TAX-EXEMPT AMORTIZATION EXPENSE 1292568 0 0 UNREALIZED GAIN/LOSS 12522474 481A ADJUSTMENT 1951128 EXCISE TAX LIABILITY 0 333537 INVESTMENT MANAGEMENT FEES 528610 510110 0 SEE STATEMENT #20 FEDERAL EXCISE TAX 247887 0 0 DEFERRED EXCISE TAX 239355 0 0 FOREIGN TAXES 0 10594 0 EMPLOYER PAYROLL TAXES 5110 0 5110