2014-05-12T19:29:19-07:00 2013-06-30 990 2012-07-01 942747262 SAN FRANCISCO BALLET ENDOWMENT FOUNDATION SANF 4158615600 455 Franklin Street San Francisco CA 94102 Kimberly Carim 4158656590 2014-05-15 2012 2015-11-30 17:44:51Z James D Marver 455 Franklin Street San Francisco CA 94102 29515873 0 X http://www.sfballet.org/donate/endowment_foundation X 1980 CA The San Francisco Ballet Endowment Foundation was established in 1980 as a separate nonprofit public benefit corporation for the purpose of holding and managing endowment funds for the benefit of the San Francisco Ballet Association. 12 10 0 12 11417 11417 5871700 7659753 2450 2775 3887780 11183117 0 0 9761930 18845645 4607711 4798713 0 0 556424 518384 7378 6200 719775 315813 631914 5487326 5955211 4274604 12890434 88953381 103888938 10632723 12676988 78320658 91211950 X The San Francisco Ballet Endowment Foundation was established in 1980 and in 1981 made its first distribution to the San Francisco Ballet Association (the Association), a California nonprofit public benefit corporation. Since then, strong investment returns and contributions, primarily from estates and from donors have grown significantly and increased the importance of the (Continued on Schedule O, Statement 1) 0 0 5035532 4798713 2775 Management and oversight-holding of endowment funds for the benefit of San Francisco Ballet Association 0 0 0 5035532 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 12 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Kimberly O Carim 4158615600 455 Franklin Street San Francisco CA 94102 Hank J Holland 2 2 X X 0 0 0 George B James 2 0 X 0 0 0 Thomas E Horn 5 2 X X 0 0 0 Chris Hellman 2 2 X 0 0 0 James D Marver 5 5 X X 0 0 0 Richard C Barker 2 2 X 0 0 0 Robert M Smelick 2 5 X 0 0 0 Susan S Briggs 2 2 X 0 0 0 Hilary Pierce 2 0 X 0 0 0 J Stuart Francis 2 5 X 0 0 0 Larissa Roesch 2 0 X 0 0 0 John S Osterweis 2 10 X 0 0 0 Kimberly Carim 9 41 X 0 167505 7958 Jennifer F Kovacevich 5 35 X 0 66276 7003 Elizabeth Lani 28 12 X 0 89046 7619 Thomas Flynn 15 35 X 0 225000 9672 Natalie Quan 7 43 X 0 116122 7252 0 663949 39504 0 0 1 0 Hall Capital Partners LLC One Maritime Plaza Suite 500 San Francisco CA 94111 Investment Management 160000 1 0 0 0 0 0 7659753 89922 7659753 Donor Appreciation Events 711120 2775 2775 0 0 0 0 0 0 2775 1552582 0 11417 1541165 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9883373 10417390 9037421 1632807 845952 8784583 9630535 0 0 9630535 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18845645 2775 11417 11171700 4798713 4798713 0 0 0 0 0 0 108765 0 34626 74139 0 0 0 0 320398 0 58041 262357 2 0 0 2 58442 0 13026 45416 30777 0 6524 24253 0 0 0 0 4769 0 0 4769 43494 0 43494 0 0 0 0 0 6200 6200 263642 226977 36665 0 12145 2625 0 9520 12730 0 0 12730 16724 0 0 16724 7100 0 7100 0 0 0 0 0 2195 0 0 2195 663 0 0 663 0 0 0 0 48485 0 0 48485 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost of sale of contributed property 188264 0 0 188264 Dues & Subscriptions 15699 0 0 15699 Miscellaneous Expenses 15142 7217 428 7497 Credit Card Fees 862 0 0 862 0 0 0 0 5955211 5035532 199904 719775 92621 37000 1716402 6148994 5223546 5505113 45359239 52009990 32061867 34354004 4499706 5833837 88953381 103888938 30253 26434 10602470 12650554 10632723 12676988 X 16072925 22282763 10496628 12894108 51751105 56035079 78320658 91211950 88953381 103888938 X 12890434 2638686 0 0 0 -2637828 X 0 1 X 1 0 X X X 0 0 0 San Francisco Ballet Association 941415298 501(c)(3) 1 1 1 4798713 1 4798713 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79137507 4316905 15672612 0 4750193 1863844 92512987 86892706 3697437 -2418581 0 8309164 724891 79137507 77933384 1731151 12254515 0 4075418 950926 86892706 74005632 1755909 7570539 0 4074430 1324266 77933384 87451612 4422933 -12646393 0 4094480 1128040 74005632 0.36 0.55 0.09 0 0 Abram Capital Partners 6602678 F Aurelius Capital International, Ltd. 5784426 F Eton Park Overseas Fund 5754612 F 250 Post Street Partnership 5333059 F BIL, Ltd. 4799225 F Canyon Value Realization Fund 4685342 F Watershed Capital Institutional Partners 1394662 F 34354004 Dividends Receivable 79036 Pooled Income Fund 280577 Split Interest Agreements 1824586 Charitable Gift Annuities 3649638 5833837 Due to San Francisco Ballet Association 11067554 Charitable Gift Annuity Payment 1583000 12650554 X SchD_P05_S00_L04 Schedule D, Part V, Line 4 The Foundation is incorporated as a separate nonprofit public benefit corporation for the purpose of holding and managing endowment funds for the benefit of the Association. It seeks to provide the Association with a reliable source of support while protecting its investments against inflation and wide swings in the capital markets so that the Association may continue its mission to share the joy of dance with the widest possible audience in the community and around the globe. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Foundation has been classified as a publicly supported, tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, and is exempt from California franchise taxes under Revenue and Taxation Code Section 23701(d). Foundation management believes that no liabilities are required to accrue for uncertain tax positions as of June 30, 2013. Central America and the Caribbean 0 0 Investments 5784426 Central America and the Caribbean 0 0 Investments 5754612 Central America and the Caribbean 0 0 Investments 4799225 Central America and the Caribbean 0 0 Investments 4685342 0 0 21023605 1 0 1 1 0 0 1 San Francisco Ballet Association 455 Franklin Street San Francisco CA 94121 951415298 501(c) 3 4798713 FMV Endowment operating transfers are approved and budgeted in accordance with the Foundation's spending policy. Use of grant funds is monitored by the Foundation's CFO through review and audit of financial statements 1 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Use of grant funds is monitored by the Foundation's CFO through review and audit of financial statements. 0 0 0 0 0 0 0 0 0 Kimberly Carim 0 167505 0 0 0 0 0 0 0 7958 0 175463 0 Thomas Flynn 0 225000 0 0 0 0 0 0 0 9672 0 234672 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The San Francisco Ballet Endowment Foundation relies on a related organization (San Francisco Ballet Association) to determine compensation for the organization's CFO. The related organization uses a compensation committee, written employment contracts, and approval by the board or compensation committee to establish the compensation. SchJ_P02_S00_L00 Schedule J, Part II Form 990 requests the total compensation paid by the Organization and any related Organizations. The amounts reflected on this schedule are the amounts paid by the San Francisco Ballet Association. Compensation to the listed person related to the Foundation is based on a percentage of hours worked during the year. Osterweis Strategic Income Funds (OSTIX) Investment management 5193678 Market value of investment in OSTIX 0 Dodge & Cox Funds A board member is a partner and shareholder of privately held Dodge & Cox Funds of which the Foundat 31990761 Market value of investments in Dodge & Cox Funds 0 SchL_P01_S00_L01 Schedule L, Part I, Line 1 Effective July 1, 2000, the Endowment Foundation entered into a limited partnership investment called Daedalus Partners, L.P. (the "Partnership"). The partnership is managed by Osterweis Capital Management, who is also the partnership's general partner. The Daedalus Fund terminated on December 31, 2012. The Foundation requested a $1,000,000 withdrawal from the limited partnership investment and received the funds on April 1, 2013. For Osterweis Strategic Income Funds line 1(b) and 1 (d):Investment management entity owned by John Osterweis, Trustee and President Emeritus. Market value of investment in OSTIX at 6/30/13 is 5,193,678.12. A board member of the Endowment Foundation is a partner and shareholder of privately-held Dodge & Cox, of which the Foundation holds several publicly traded mutual funds. Market value of investments in Dodge & Cox at 6/30/13 are $31,990,761.12. X 1 89922 FMV 0 0 1 0 F990_P03_S00_L01 Form 990, Part III, Line 1 The San Francisco Ballet Endowment Foundation was established in 1980 and in 1981 made its first distribution to the San Francisco Ballet Association (the Association), a California nonprofit public benefit corporation. Since then, strong investment returns and contributions, primarily from estates and from donors have grown significantly and increased the importance of the endowment to the Association's revenue stream. The Foundation is incorporated as a separate nonprofit public benefit corporation for the purpose of holding and managing endowment funds for the benefit of the Association. It seeks to provide the Association with a reliable source of support while protecting its investments against inflation and wide swings in the capital markets so that the Association may continue its mission to share the joy of dance with the widest possible audience in the community and around the globe. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The members of the Foundation shall be those persons, and only those persons, who are from time to time members of the San Francisco Ballet Association's Board of Trustees, and each such person upon election or appointment to said Board of Trustees shall automatically become a member of the Foundation and upon ceasing to be a member of said Board of Trustees shall automatically cease to be a member of the Foundation. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Members shall have, in addition to any other rights which may be granted to them under the By-Laws or by the law, the right to vote (1) for the election of Directors, (2) on a disposition of all or substantially all of the Foundation's assets, (3) on a merger of the Foundation with another corporation, (4) on a dissolution of the Foundation, (5) on an amendment of the Articles of Incorporation and (6) on an amendment of these By-Laws (unless the By-Law amendment is approved by the Board alone in accordance with the terms of these By-Laws). F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Line 11a The Foundation provided a complete copy of this Form 990 to all members of its governing body with a redaction of donor name and address from Form 990, Schedule B, at the request of the donor. The Form 990 was reviewed and approved at a meeting of the Audit Committee. Subsequent to the review, the Form 990 was posted on the Foundation's Trustee Intranet website and Trustees were notified in writing of the availability of the Form 990 for their review. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Foundation distributes the policy and related questionnaire to board members at the beginning of each board year. Return of the questionnaire is monitored and enforced by the board relations manager. Returned questionnaires are reviewed by the CFO for any potential issues or required disclosures. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The only compensated officer of the Foundation is compensated by a related party, San Francisco Ballet Association. The Association's process for determining the compensation of the Chief Financial Officer involved analysis of the compensation by the compensation committee. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Due to the age of the Foundation, Form 1023 is currently unavailable for the general public and the Foundation is exempt from the requirement to provide Form 102, as it was filed prior to the July 15, 1987 requirement date. The Foundation makes its audited financial statements for the last three years available to the public via its website. Form 990, governing documents and conflict of interest policy is also available upon request. F990_P11_S00_L09 Form 990, Part XI, Line 9 Other changes in Net Assets consist of receivable write off of $60,042 and $2,577,786 in change in value of receivables San Francisco Ballet Association 455 Franklin Street San Francisco CA 94102 941415298 Ballet CA 501(c)(3) 7 N/A 0 CRUT #2 David Mary Jo Francis 4191 Tahoe Vista Dr Rocklin CA 957655089 686073317 Investment company CA N/A Related 0 47170 0.9 CRUT #3 Lillian Hastings 10005-113 Place North Largo FL 33773 946645938 Investment company FL N/A Related 0 1203866 1 CRUT #5 Kerwin Mathews 67 Buena Vista Ter San Francisco CA 941174110 946735876 Investment company CA N/A Related 0 181305 1 CRUT #6 Thomas Nicoll 67 Buena Vista Ter San Francisco CA 941174110 946735877 Investment company CA N/A Related 0 181132 1 CRT #7 Phyllis Blair 601 Van Ness Ave Apt 847 San Francisco CA 941023260 096265847 Investment company CA N/A Related 0 39728 1 CRT #8 Barbara Daily PO Box 389 Monterey CA 939420389 465401237 Investment company CA N/A Related 0 45294 1 CRT #9 Mary Thomas Foote 53 Jersey St San Francisco CA 941143915 286220161 Investment company CA N/A Related 0 7750 1 CRT #10 Stephen Gillaugh 740 S Federal St Apt 209 Chicago IL 606051865 282341748 Investment company IL N/A Related 0 41384 1 CRT #11 Martin Hamilton 4454 Kilarney Cir Santa Rosa CA 954030111 244524928 Investment company CA N/A Related 0 6684 1 CRT #12 Gloria Hendricks 1661 Pine St San Francisco CA 941090401 093161847 Investment company CA N/A Related 0 76406 1 CRT #13 Gloria Hendricks 1661 Pine St San Francisco CA 941090401 093161847 Investment company CA N/A Related 0 4539 1 CRT #14 Gloria Hendricks 1661 Pine St San Francisco CA 941090401 093161847 Investment company CA N/A Related 0 9165 1 CRT #15 Betsy Ed McGuigan PO Box 509 Talent OR 975400509 562587465 Investment company OR N/A Related 0 5542 1 CRT #16 Florence R Oaks 80 Crest Estates Dr Alamo CA 945072624 571222155 Investment company CA N/A Related 0 4129 1 CRT #17 Mr Mrs Richard Ringe 501 Portola Rd Portola Valley CA 940287654 544188866 Investment company CA N/A Related 0 9853 1 CRT #20 Rosalie Weaver 601 Van Ness Ave Apt 650 San Francisco CA 941023260 204240616 Investment company CA N/A Related 0 15388 1 CRT #21 Rosalie Weaver 601 Van Ness Ave Apt 650 San Francisco CA 941023260 204240616 Investment company CA N/A Related 0 1621 1 CRAT #22 Jon Borset 1370 Pine St Apt C San Francisco CA 941094814 380248528 Investment company CA N/A Related 0 2290 1 CRAT #23 Leonard Brill 70 Manchester St San Francisco CA 941105215 094289130 Investment company CA N/A Related 0 2219 1 CRAT #24 James R Brown 1421 Bay St San Francisco CA 941232205 396244107 Investment company CA N/A Related 0 27545 1 CRAT #25 Barbara Daily PO Box 389 Monterey CA 939420389 465401237 Investment company CA N/A Related 0 12944 1 CRAT #26 Barbara Daily PO Box 389 Monterey CA 939420389 465401237 Investment company CA N/A Related 0 3367 1 CRAT #27 Frances Eubanks 1457 Jones St Apt 1 San Francisco CA 941093274 261804875 Investment company CA N/A Related 0 2072 1 CRAT #28 Thomas Mary Foote 53 Jersey St San Francisco CA 941143915 485300138 Investment company CA N/A Related 0 4512 1 CRAT #29 Gloria Hendricks 1661 Pine St San Francisco CA 941090401 093161847 Investment company CA N/A Related 0 17477 1 CRAT #30 Jo Markovich 1661 Pine St Apt 1032 San Francisco CA 941090424 554341013 Investment company CA N/A Related 0 14152 1 CRAT #31 Connie V Martinez 1661 Pine St Apt 337 San Francisco CA 941090415 565261945 Investment company CA N/A Related 0 1554 1 CRAT #32 Jessica Putney Arbors of San Marino 7425 Xavier St Apt 126 Westminster CO 80030 548304407 Investment company CO N/A Related 0 3092 1 CRAT #33 Marie Reybear 715 S Eliseo Dr Kentfield CA 949042112 171489882 Investment company CA N/A Related 0 19154 1 CRAT #34 Mary Elsie Robertson 931 Park Ave Burlingame CA 940102628 219265953 Investment company CA N/A Related 0 2897 1 CRAT #35 Renee Rubin 5402 Victory Court Fairfield CA 94533 563369408 Investment company CA N/A Related 0 1119 1 CRAT #36 Roy Sauer 172A Clinton Park San Francisco CA 941032343 351268674 Investment company CA N/A Related 0 1248 1 CRAT #37 Leonard Schwab 2728 Garber St Berkeley CA 947051313 421447237 Investment company CA N/A Related 0 1525 1 CRAT #38 L Christine Selle 1250 Jones St Unit 302 San Francisco CA 941094202 545346519 Investment company CA N/A Related 0 2070 1 CRAT #39 Natalie Stotz 620 Sand Hill Rd Apt 220E Palo Alto CA 943042609 517180785 Investment company CA N/A Related 0 1648 1 CRAT #40 Blossom Strong 1149 Greenwich St Apt 4 San Francisco CA 941091553 568309523 Investment company CA N/A Related 0 4009 1 CRAT #41 Blossom Strong 1149 Greenwich St Apt 4 San Francisco CA 941091553 568309523 Investment company CA N/A Related 0 3313 1 CRAT #42 May Yew 1276 Green St San Francisco CA 941091982 569301426 Investment company CA N/A Related 0 13118 1 CRAT #43 Estelle Gregory 498 Fathom Dr San Mateo CA 94404 545628090 Investment company CA N/A Related 0 39091 1 CRAT #44 Estelle Gregory 498 Fathom Dr San Mateo CA 94404 545628090 Investment company CA N/A Related 0 21602 1 CRAT #45 Blossom Strong 1149 Greenwich St Apt 4 San Francisco CA 941091553 568309523 Investment company CA N/A Related 0 889 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0