2026-05-15T15:52:26+00:00 2025-06-30 135381590 BDO USA 601 UNION ST STE 2300 SEATTLE WA 981012317 990 2024-07-01 946090626 UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION UNIV 5106421212 1995 UNIVERSITY AVE 401 BERKELEY CA 947041508 NANCY LUBICH MCKINNEY TREASURER, AVP 5106421212 2026-05-15 true true MATTHEW FRERKER P01677675 2063827777 2026-05-14 2024 2025-03-06 01:10:19Z NANCY LUBICH MCKINNEY 1995 UNIVERSITY AVE 401 BERKELEY CA 947041508 863373631 false X HTTP://FOUNDATION.BERKELEY.EDU X 1948 CA 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. 66 65 0 100 353208 350509 364217705 397639835 0 0 145067959 208460590 0 0 509285664 606100425 426943385 415377582 0 0 0 0 0 8918179 16579318 15781716 443522703 431159298 65762961 174941127 3693366320 3991922296 146346100 171846820 3547020220 3820075476 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. false false 415377582 415377582 0 GRANTS AND ALLOCATIONS TO THE UNIVERSITY OF CALIFORNIA, BERKELEY CAMPUS UNITS AND ORGANIZATIONS. 415377582 true true false false false true false false true true false true false false true true false true false false true false false false false false false true false true false false false false false false false false false false true false false false true true true true false false true 15 0 true 0 true true false false false false true true false false false false false false false false false X 66 65 true false false false false false false true true false false false true true true true true true false false false false CA NY X NANCY LUBICH MCKINNEY 5106421212 1995 UNIVERSITY AVE STE 401 BERKELEY CA 94704 BETTINA DUVAL CHAIR, FOUNDATION 4.0 X X 0 0 0 DANA BISCONTI VICE CHAIR, PROGRAMS COMMITTEE 0.8 X X 0 0 0 ERIC STERN VICE CHAIR FOUNDATION 4.0 X X 0 0 0 GAIL MADERIS CHAIR, GOVERNANCE COMMITTEE 2.0 X X 0 0 0 KAI HUANG CHAIR, PROGRAMS COMMITTEE 1.0 X X 0 0 0 LISA GUERRA VICE CHAIR, GOVERNANCE COMMITTEE 2.0 X X 0 0 0 RICHARD K LYONS CHANCELLOR 4.0 36.0 X X 0 620677 128102 ROGER KANG CHAIR, NOMINATIONS COMMITTEE 1.0 X X 0 0 0 SHASHIKALA DEB VICE CHAIR, NOMINATIONS COMMITTEE 2.0 X X 0 0 0 STEVE ELLIS VICE CHAIR, FINANCE & ADMINISTRATION COMMITTEE 1.0 X X 0 0 0 WEIJIE YUN CHAIR, FINANCE & ADMINISTRATION COMMITTEE 1.0 X X 0 0 0 ALAN TEMPLETON TRUSTEE 0.8 X 0 0 0 ALLEN SOONG TRUSTEE 0.8 X 0 0 0 AMY BASSELL CROWE TRUSTEE 0.8 X 0 0 0 ANITA YU WESTLY TRUSTEE 0.8 X 0 0 0 ANN BAXTER PERRIN TRUSTEE 0.8 X 0 0 0 ANNE BAKAR TRUSTEE 0.8 X 0 0 0 ANNE GATES TRUSTEE 0.8 X 0 0 0 BRYAN CAMERON TRUSTEE 1.0 X 0 0 0 CAMILLA SMITH TRUSTEE 0.8 X 0 0 0 CAROL LIU TRUSTEE 0.8 X 0 0 0 CAROLYN SCHWAB-POMERANTZ TRUSTEE 0.8 X 0 0 0 CATHY UNGER TRUSTEE 0.8 X 0 0 0 CHARLES HUANG IMMEDIATE PAST CHAIR 1.0 X 0 0 0 CLYDE RODRIGUEZ TRUSTEE 0.8 X 0 0 0 COLLETTE CHILTON TRUSTEE 0.8 X 0 0 0 CYRUS HADIDI BEMCO BOARD MEMBER 1.0 X 0 0 0 DAVID GEE TRUSTEE 0.8 X 0 0 0 DEBORAH LOKER HICKS TRUSTEE 0.8 X 0 0 0 DESI BANATAO TRUSTEE 2.0 X 0 0 0 DIANA WALSH TRUSTEE 0.8 X 0 0 0 HERBERT HOOPER TRUSTEE 0.8 X 0 0 0 ISABEL RHEE TRUSTEE 0.8 X 0 0 0 JACK MCCAULEY TRUSTEE 0.8 X 0 0 0 JANELLE GRIMES TRUSTEE (THRU 02/2025) 0.8 X 0 0 0 JENNIFER KELLER TRUSTEE 0.8 X 0 0 0 JIM KOSHLAND TRUSTEE 1.0 X 0 0 0 JOANNE CORDAY KOZBERG TRUSTEE 0.8 X 0 0 0 JOHN STOCK TRUSTEE 0.8 X 0 0 0 JULIE MORGAN TRUSTEE 0.8 X 0 0 0 KAHSHIN LEOW TRUSTEE 0.8 X 0 0 0 KAREN DABBY TRUSTEE 0.8 X 0 0 0 KEVIN CHOU TRUSTEE 0.8 X 0 0 0 KEVIN KENNEDY TRUSTEE 0.8 X 0 0 0 KOFI BONNER TRUSTEE 1.0 X 0 0 0 LAURA PERLOFF TRUSTEE 0.8 X 0 0 0 LAURA WEN-YU YOUNG TRUSTEE 0.8 X 0 0 0 LAURENE WU MCCLAIN TRUSTEE 0.8 X 0 0 0 LISA JONES TRUSTEE 0.8 X 0 0 0 MARK EDELSTONE TRUSTEE 0.8 X 0 0 0 MARY ELLEN KANOFF TRUSTEE 0.8 X 0 0 0 MITSURU IGARASHI TRUSTEE 0.8 X 0 0 0 RENE KERN TRUSTEE 0.8 X 0 0 0 RICARDO MORA TRUSTEE 0.8 X 0 0 0 SANDRA RODRIGUES BEN-EFRAIM TRUSTEE 0.8 X 0 0 0 SHARON BONNER-BROWN TRUSTEE 1.0 X 0 0 0 SHAWN TSAO TRUSTEE 0.8 X 0 0 0 SHUHONG YE TRUSTEE 0.8 X 0 0 0 SSTEVEN PAN TRUSTEE 0.8 X 0 0 0 STEPHANIE RIVERA TRUSTEE 0.8 X 0 0 0 STEPHEN ISAACS TRUSTEE 0.8 X 0 0 0 STUART SHIFF TRUSTEE 0.8 X 0 0 0 SUSAN CHAMBERLIN TRUSTEE 1.0 X 0 0 0 SUSAN STUTZMAN TRUSTEE 0.8 X 0 0 0 TERRY ROSEN TRUSTEE 0.8 X 0 0 0 TING CHUK TRUSTEE 0.8 X 0 0 0 VINCENT CHEUNG TRUSTEE 0.8 X 0 0 0 CARL A WAYNE ASSOCIATE VICE PRESIDENT 10.0 30.0 X 0 317373 44206 GLEN CHANG CONTROLLER 10.0 30.0 X 0 89095 11291 JANE SPERLING WISE CORPORATE SECRETARY 20.0 20.0 X 0 137445 40175 JULIE M HOOPER PRESIDENT (THRU 01/2025) 10.0 30.0 X 0 570970 83194 LESLIE SCHIBSTED INTERIM PRESIDENT (AS OF 02/2025) 10.0 30.0 X 0 235397 47882 LISHELLE BLAKEMORE VICE PRESIDENT 4.0 36.0 X 0 375150 66139 MIHI AHN EXECUTIVE VICE PRESIDENT 30.0 10.0 X 0 202219 38025 NANCY LUBICH MCKINNEY ASSOCIATE VICE PRESIDENT & TREASURER 10.0 30.0 X 0 371264 69651 RACHELLE REAGAN ASSOCIATE VICE PRESIDENT 10.0 30.0 X 0 182695 50365 0 3102285 579030 false true false THE PRINCE HOUSTON GROUP 675 THIRD AVENUE SUITE 2200 NEW YORK NY 10017 PROFESSIONAL SERVICE 201873 KPMG LLP 55 SECOND STREET SAN FRANCISCO CA 94105 TAX SERVICE 198198 DLA PIPER LLP 650 SOUTH EXETER STREET SUITE 1100 BALTIMORE MD 21202 LEGAL SERVICE 134054 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 PROFESSIONAL SERVICE 100750 4 397639835 29840580 397639835 0 0 0 0 0 35178956 353208 34825748 0 0 430554840 257273206 173281634 0 173281634 173281634 0 0 0 0 0 606100425 0 353208 208107382 415377582 415377582 62643 62643 60808 60808 202151 202151 5888614 5888614 0 0 0 0 472499 472499 1008 1008 136098 136098 PHIL. ALLOC UC BERKELEY 8918179 8918179 Govt Regulatory Fees 39716 39716 0 0 0 0 431159298 415377582 6863537 8918179 16265312 27229383 247519594 204432304 0 0 1353490 1382266 0 0 0 446971072 528394853 2977646272 3226259575 0 3610580 4223915 3693366320 3991922296 1734489 1297799 45744149 51834383 0 98867462 118714638 146346100 171846820 X 8071280 12477923 3538948940 3807597553 3547020220 3820075476 3693366320 3991922296 174941127 98114129 0 X false true true false X 407723128 756837899 457736796 364217705 397639835 2384155363 0 0 407723128 756837899 457736796 364217705 397639835 2384155363 351199060 2032956303 4699387 8419804 25169780 30422565 34825748 103537284 2268714 3714106 3888571 2763149 350509 12985049 0 0 0 0 0 0 2500677696 0 0.81296 0.8188 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 246554 true true false true X 3176105502 137714848 293550142 131428383 8561739 3467380370 2976910915 119168199 210251246 122348971 7875887 3176105502 2727165619 129049234 238568887 112067410 5805415 2976910915 2985931341 190035967 -338928037 102101326 7772326 2727165619 2173286692 139778402 784239348 106125124 5247977 2985931341 0.15 0.85 0.0 true false Closely-held equity interests Financial derivatives ALTERNATIVE INVESTMENTS 3226259575 F 3226259575 Federal Income Taxes DEFERRED INFLOWS-IRREVOCAB SIA 81040462 FUNDS HELD FOR OTHERS 22568159 GIFT ANNUITIES PAYABLE 15001779 OTHER DEPOSITS 104238 118714638 X 698325940 98114129 0 98114129 600211811 5888614 0 5888614 606100425 425270684 0 0 425270684 5888614 0 5888614 431159298 Schedule D, Part IV, Line 2b Explanation of escrow agreement DISCLOSURE FOR ESCROW OR CUSTODIAL ARRAGEMENTS: ALL TRUSTS ARE MANAGED BY OUR TRUST ADMINISTRATOR, KASPICK & CO AND THE TRUST FUNDS CUSTODIAN IS CHARLES SCHWAB & CO. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FUNDING FOR SCHOLARSHIPS, STUDENT ASSISTANCE PROGRAMS AND ACADEMIC RESEARCH FOR THE STUDENTS, EMPLOYEES AND FACULTY OF THE UNIVERSITY OF CALIFORNIA BERKELEY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote LIABILITY FOR UNCERTAIN TAX POSITIONS: THE FOUNDATION IS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. Central America and the Caribbean 0 0 Investments 1247730000 Europe (Including Iceland and Greenland) 0 0 Investments 150885000 North America (Canada & Mexico only) 0 0 Investments 20730000 Sub-Saharan Africa 0 0 Investments 5652000 0 0 0 0 0 0 1424997000 0 1424997000 true false true true true false true UNIVERSITY OF CALIFORNIA BERKELEY 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 946002123 501(c)(3) 415377582 SUPPORT EDUCATION 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds CRITERIA FOR SELECTION OF RECIPIENTS ARE BASED ON BOUNDARIES SET BY THE ESTABLISHMENT OF THE SCHOLARSHIP. THE FOUNDATION TRANSFERS MONIES TO THE UNIVERSITY OF CALIFORNIA AT BERKELEY, WHICH ASSUMES RESPONSIBILITY FOR ACTUAL DISBURSEMENT. false false false false false false false false false RICHARD K LYONS CHANCELLOR 0 618149 0 0 0 2528 0 92700 0 35402 0 748779 0 0 JULIE M HOOPER PRESIDENT (THRU 01/2025) 0 568762 0 0 0 2208 0 57702 0 25492 0 654164 0 0 MIHI AHN EXECUTIVE VICE PRESIDENT 0 202219 0 0 0 0 0 29308 0 8717 0 240244 0 0 LISHELLE BLAKEMORE VICE PRESIDENT 0 375150 0 0 0 0 0 56428 0 9711 0 441289 0 0 NANCY LUBICH MCKINNEY ASSOCIATE VICE PRESIDENT & TREASURER 0 371264 0 0 0 0 0 50291 0 19360 0 440915 0 0 RACHELLE REAGAN ASSOCIATE VICE PRESIDENT 0 182695 0 0 0 0 0 26896 0 23469 0 233060 0 0 CARL A WAYNE ASSOCIATE VICE PRESIDENT 0 288373 0 29000 0 0 0 20846 0 23360 0 361579 0 0 JANE SPERLING WISE CORPORATE SECRETARY 0 137445 0 0 0 0 0 11650 0 28525 0 177620 0 0 LESLIE SCHIBSTED INTERIM PRESIDENT (AS OF 02/2025) 0 235397 0 0 0 0 0 22390 0 25492 0 283279 0 0 584 29660810 Market value 14 179770 Market value 0 false true true Schedule M, Part I COLUMN (B) IS BASED ON THE NUMBER OF CONTRIBUTIONS RECEIVED. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE FOUNDATION CONTRACTS WITH LOCAL REAL ESTATE AGENTS TO ASSIST IN THE SALE OF REAL PROPERTY WHEN GIFTED. THE FOUNDATION ALSO UTILIZES THE SERVICES OF THE UNIVERSITY OF CALIFORNIA, BERKELEY TO ASSIST WITH THE SOLICITATION AND PROCESSING OF NON-CASH GIFTS. Form 990, Part VI, Line 15 PROCESS OF DETERMINING COMPENSATION THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. NONE OF THE LISTED INDIVIDUALS RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATION. DURING FISCAL YEAR 2025, EACH WAS AN EMPLOYEE OF THE UNIVERSITY OF CALIFORNIA BERKELEY, A RELATED ORGANIZATION. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons CHARLES HUANG - Family relationship, KAI HUANG - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body INFORMATION TO PREPARE THE FORM 990 WAS GATHERED BY FOUNDATION OFFICERS. THE RETURN WAS PREPARED WITH THE ASSISTANCE OF BDO USA. THE FORM 990 WAS REVIEWED BY THE ORGANIZATION'S AUDIT COMMITTEE, WHICH HAS AUTHORITY AND OVERSIGHT OF THE ORGANIZATION'S AUDIT AND TAX PREPARATION. BDO USA SIGNED THE RETURN AS PAID PREPARER. A COMPLETE COPY WAS PROVIDED TO THE FULL 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, THE FOUNDATION DISTRIBUTES CONFLICT OF INTEREST QUESTIONNAIRES WHICH THE BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES COMPLETE AND RETURN. THE TREASURER OF THE FOUNDATION REVIEWS THE RETURNED FORMS FOR COMPLIANCE. IF A CONFLICT IS DISCOVERED IT IS ESCALATED TO THE APPROPRIATE PARTY WITHIN THE ORGANIZATION AND PERSON RECUSES HIMSELF OR HERSELF FROM THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ENDOWMENT HOLDINGS I LLC 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 475479990 INVESTMENTS CA 8435175 1587916 UCBF UNIVERSITY OF CALIFORNIA BERKELEY 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 94704 946002123 EDUCATION CA 115 Na false BERKELEY ENDOWMENT MANAGEMENT COMPANY 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 94704 270652636 INVESTMENT CA 501(c)(3) 11 UCBF true BAKAR ENTREPRENEURSHIP FUND I LP 2625 DURANT AVENUE BERKELEY CA 94720 923668984 INVESTMENTS CA UCBF Excluded -1332553 4890534 false false 0.90662 CHICAGO PACIFIC FOUNDERS FUND-A LP 980 N MICHIGAN AVE SUITE 1998 CHICAGO IL 60611 471350163 INVESTMENTS IL UCBF Excluded 612298 6548543 false 10312 false 0.88898 TRUEBRIDGE CAPITAL VENTURE PARTNERS III LLC 1011 SOUTH HAMILTON RD SUITE 400 CHAPEL HILL NC 27517 842672374 INVESTMENTS NC UCBF Excluded -1603086 26894190 false false 0.99786 BEVC PSB Climate Fund LP 2625 Durant Avenue Berkeley CA 94720 994055071 Investments CA Excluded -454389 1445611 false false 0.97561 CHARITABLE REMAINDER TRUST (133) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 Trust CA UCBF Trust false CHARITABLE REMAINDER ANNUNITY TRUST (3) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 Trust CA UCBF Trust false POOLED INCOME FUND (6) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 Trust CA UCBF Trust false CHARITABLE GIFT ANNUITIES (208) 1995 UNIVERSITY AVENUE STE 401 BERKELEY CA 947041508 Trust CA UCBF Trust false false true false false false false false false false false false false true false false false false false false BERKELEY ENDOWNMENT MANAGEMENT COMPANY M 5928330 PER AGREEMENT Schedule R, Part V, Line 2 THE AMOUNTS LISTED IN PART V, LINE 2, COLUMN (C) OF SCHEDULE R ARE THE ACTUAL COSTS INCURRED BY BERKELEY ENDOWMENT MANAGEMENT COMPANY TO PROVIDE THE SERVICES FOR THE BENEFIT OF THE UNIVERSITY OF CALIFORNIA, BERKELEY FOUNDATION.