2026-05-12T14:22:26-05:00 2025-06-30 953001179 WINDES INC 2050 MAIN ST STE 1300 IRVINE CA 92614 990 2024-07-01 261169717 SAN FRANCISCO STATE UNIVERSITY FOUNDATION SANF 4153382506 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 JEFF JACKANICZ PRESIDENT 4153382506 2026-05-01 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 9498529433 2026-05-08 2024 2025-03-06 01:10:19Z JEFF JACKANICZ 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 76762734 0 X HTTP://SFSUFDN.SFSU.EDU X 2007 CA TO PROVIDE PRIVATE FINANCIAL SUPPORT TO ASSIST THE UNIVERSITY IN MEETING ITS EDUCATIONAL MISSION. 34 29 0 30 23050 50 9976955 4855662 1956171 2099886 7531275 7645670 0 0 19464401 14601218 6931227 6593635 0 0 837144 1181486 0 0 0 4324502 4552120 12092873 12327241 7371528 2273977 180254530 191420576 689360 373703 179565170 191046873 X THE FOUNDATION IS FORMED FOR THE FOLLOWING SPECIFIC PURPOSES: (A) TO DEVELOP AND INCREASE THE FACILITIES OF SAN FRANCISCO STATE UNIVERSITY ("SFSU") FOR BROADER EDUCATIONAL OPPORTUNITIES AND SERVICE TO STUDENTS, ALUMNI, AND THE CITIZENS OF THE STATE OF CALIFORNIA BY ENCOURAGING GIFTS TO SFSU OF MONEY, PROPERTY, WORKS OF ART, HISTORICAL PAPERS AND DOCUMENTS, MUSEUM SPECIMENS OF EDUCATIONAL, ARTISTIC OR HISTORICAL VALUE AND ANY OTHER ASSETS OF VALUE OF ANY DESCRIPTION; (B) TO PROVIDE FUNDING FOR SCIENTIFIC, ECONOMIC, AND OTHER TYPES OF RESEARCH AT SF STATE; (C) TO PROVIDE FUNDING FOR THE ESTABLISHMENT OF SCHOLARSHIPS AND OTHER STUDENT ASSISTANCE PROGRAMS TO SFSU FROM SOURCES OTHER THAN THOSE FROM WHICH THE STATE OF CALIFORNIA ORDINARILY MAKES APPROPRIATIONS TO SFSU; AND (D) TO PROVIDE ADVISORY COUNCIL AND ASSISTANCE TO THE PRESIDENT OF SFSU. 0 0 10170082 6593635 2099886 THE FOUNDATION'S MAIN PROGRAM IS MANAGING ENDOWMENTS FOR SFSU. THE FOUNDATION MANAGES OVER $180,000,000 IN ENDOWMENTS. A FEW OF THE ENDOWMENTS:LLR - DEAN'S PROJECT. THIS ENDOWMENT PROVIDES SUPPORT FOR FACULTY RESEARCH WITH OTHER COLLEGES WITHIN SAN FRANCISCO STATE UNIVERSITY AND COMMUNITY ENGAGEMENT WITH STUDENTS, ALUMNI, STAFF, AND GENERAL PUBLIC. SUPPORT OF APPROXIMATELY $732,000 WAS PROVIDED IN FY 24-25. CLIMATE HQ. THIS ENDOWMENT IS TO CULTIVATE SF STATE STUDENTS, FACULTY, AND STAFF TO BECOME DIVERSE CLIMATE CHANGE LEADERS. SUPPORT OF APPROXIMATELY $643,000 WAS PROVIDED IN FY 24-25.OSHER LIFETIME LEARNING INSTITUTE (OLLI). THIS ENDOWMENT IS TO BRING THE ACADEMIC STRENGTHS OF THE UNIVERSITY TO LIFELONG LEARNERS IN THE BAY AREA - TO ENGAGE ALUMNI AND OTHERS TO CONNECT MEANINGFULLY TO BE UNIVERSITY IN PURSUIT OF LEARNING. SUPPORT OF APPROXIMATELY $432,000 WAS PROVIDED FOR FY 24-25.THE FOUNDATION WAS ABLE TO MEET DONOR INTENT BY PROVIDING $2.8 MILLION IN SCHOLARSHIPS AND COLLEGE DEPARTMENT SUPPORT IN FY 2024-2025. 10170082 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 5 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 34 29 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X JEFF JACKANICZ 4153382506 1600 HOLLOWAY AVE ADM 154D SAN FRANCISCO CA 94132 MARY HUSS CHAIR 2.00 X X 0 0 0 DON ENDO VICE CHAIR 1.00 X X 0 0 0 NEDA NOBARI IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 BRANDON FOLEY STUDENT DIRECTOR 1.00 2.00 X 0 0 0 SHELDON GEN FACULTY REPRESENTATIVE 1.00 39.00 X 0 185257 76970 VINCE ANICETTI DIRECTOR 1.00 X 0 0 0 CYNTHIA BENGIER DIRECTOR 1.00 X 0 0 0 KIMBERLY BRANDON DIRECTOR 1.00 X 0 0 0 LEONA BRIDGES DIRECTOR 1.00 X 0 0 0 AMY CHAN DIRECTOR 1.00 X 0 0 0 DANA CORVIN DIRECTOR 1.00 X 0 0 0 GREG COSKO DIRECTOR 1.00 X 0 0 0 JOHN GUMAS DIRECTOR 1.00 X 0 0 0 TINA HERRERA DIRECTOR 1.00 X 0 0 0 JEFF JACKANICZ PRESIDENT 21.00 39.00 X X 0 314784 80572 TERI JACKSON DIRECTOR 1.00 X 0 0 0 FRED LEVIN DIRECTOR 1.00 X 0 0 0 DELROY LINDO DIRECTOR 1.00 X 0 0 0 GULSHAN KUMAR DIRECTOR 1.00 X 0 0 0 LYNN MAHONEY EX-OFFICIO (VOTING) 2.00 38.00 X 0 532948 135339 JUDY MARCUS DIRECTOR 1.00 X 0 0 0 DON NASSER DIRECTOR 1.00 X 0 0 0 DAN NEUMANN DIRECTOR 1.00 X 0 0 0 IESE ESERA STUDENT DIRECTOR 1.00 X 0 0 0 DEBRA PLOUSHA MOORE DIRECTOR 1.00 X 0 0 0 MARSHA ROSENBAUM DIRECTOR 1.00 X 0 0 0 KARIM SALGADO DIRECTOR 1.00 X 0 0 0 PATRICIA SIGUENZA DIRECTOR 1.00 X 0 0 0 CORAETTA SMITH DIRECTOR 1.00 X 0 0 0 RUSS STANLEY DIRECTOR 1.00 X 0 0 0 AMY SUEYOSHI EX-OFFICIO (VOTING) 1.00 39.00 X 0 351975 116363 CHRIS WACHIRA DIRECTOR 1.00 X 0 0 0 LISA WHITE DIRECTOR 1.00 X 0 0 0 JEFF WILSON EX-OFFICIO (VOTING) 1.00 39.00 X 0 326946 121370 JIM WUNDERMAN DIRECTOR (THRU 2/2025) 1.00 X 0 0 0 VENESIA THOMPSON-RAMSAY SECRETARY (NON-VOTING) 19.00 21.00 X 0 186304 102325 0 1898214 632939 0 0 1 0 THE UNIVERSITY CORPORATION SF STATE 1600 HOLLOWAY AVE ADM 361 SAN FRANCISCO CA 94132 ACCOUNTING SERVICES 306840 CAMBRIDGE ASSOCIATES LLC 115 FEDERAL STREET SUITE 2600 BOSTON MA 02241 INVESTMENT CONSULTANT 238351 2 4855662 331312 4855662 ADMINISTRATIVE FEES 611710 2099886 2099886 2099886 2171415 23050 2148365 67635771 62161516 5474255 5474255 5474255 14601218 2099886 23050 7622620 6593635 6593635 791596 791596 389890 389890 43033 43033 413736 413736 1476561 1476561 346833 346833 9582 9582 22784 22784 6599 6599 16556 16556 7678 7678 ADMIN FEE 2099886 2099886 HOSPITALITY 43520 43520 65352 65352 12327241 10170082 2157159 0 580554 592380 2675915 3523700 748553 2028892 323801 1961735 72697 135256 29677307 26035073 146175703 157143540 180254530 191420576 277325 45036 412035 328667 689360 373703 X 9057269 9595115 170507901 181451758 179565170 191046873 180254530 191420576 X 2273977 8351760 855966 X 0 1 X 1 0 X 8642626 3023984 3442323 9976955 4855662 29941550 8642626 3023984 3442323 9976955 4855662 29941550 4991630 24949920 1022255 802974 811041 1761709 2148365 6546344 90180 75224 23050 188454 322 234 274 830 36677178 11753429 0.68030 0.60220 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 322. 2021 AMOUNT: $ 234. 2022 AMOUNT: $ 274. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10170082 10170082 658504 164626 0 0 623181 789104 669887 658504 2740676 4111014 155795 197276 167472 164626 685169 1027754 170507901 5351468 14111655 6473848 2045418 181451758 157473339 8884543 12061635 6008410 1903206 170507901 152821068 2574955 12790185 8936443 1776426 157473339 168158346 11256614 -18348065 5037066 1255528 1953233 152821068 138362903 4579344 34602190 3714291 2264424 3407376 168158346 0.00000 0.66500 0.33500 0 0 0 LOCAL AGENCY INVEST. FUND 15162182 F MUNICIPAL SECURITIES 1674165 F CORPORATE DEBT SECURITIES 3364855 F ALTERNATIVE INVESTMENTS 136942338 F 157143540 OTHER LIABILITIES 328667 328667 X 22332383 8351760 855966 9207726 13124657 1476561 1476561 14601218 10850680 0 10850680 1476561 1476561 12327241 PART V, LINE 4: DURING FISCAL YEAR 2024-2025, SAN FRANCISCO STATE UNIVERSITY FOUNDATION PROVIDED THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE (AN AUXILIARY ORGANIZATION OF SFSU) WITH APPROXIMATELY $6.6 MILLION IN FUNDING. THE FUNDS WERE USED FOR THE FOLLOWING PRIMARY PURPOSES: (A) APPROXIMATELY 63% OF THE FUNDING WENT TO DIRECT STUDENT SUPPORT IN THE FORM OF SCHOLARSHIPS AND STIPENDS; (B) 27% WENT TO REIMBURSING SFSU FOR FACULTY TIME. MOST OF THIS WAS FOR DIRECT INSTRUCTION OF STUDENTS. THE FUNDS ALSO COVERED RESEARCH AND TRAVEL, SUPPORTING ENDOWED CHAIRS, TECHNOLOGY, VISITING PROFESSORS AND LECTURES, SPECIAL PROJECTS, FURNITURE AND EQUIPMENT AND GENERAL ACADEMIC NEEDS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT FOUNDATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CALIFORNIA REVENUE AND TAXATION CODE. CONTINUANCE OF SUCH EXEMPTION IS SUBJECT TO COMPLIANCE WITH LAWS AND REGULATIONS OF THE TAXING AUTHORITIES. CERTAIN ACTIVITIES CONSIDERED UNRELATED TO THE TAX-EXEMPT PURPOSES OF THE FOUNDATION MIGHT GENERATE INCOME, WHICH IS TAXABLE. THE FOUNDATION PAID $325 AND $1,818 FOR UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, RESPECTIVELY, DUE TO FOUNDATION'S ALTERNATIVE INVESTMENTS. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TRANSFERS FROM TEMPORARY RESTRICTED FUND 855,966. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PORTFOLIO INVESTMENTS 24629673 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PORTFOLIO INVESTMENTS 216496 0 0 0 0 0 0 24846169 0 24846169 1 0 0 1 0 0 PART I, LINE 3: THE INVESTMENTS FOR EACH REGION ARE RECORDED USING THE ACCRUAL METHOD OF ACCOUNTING. 1 THE UNIVERSITY CORPORATION SF STATE 1600 HOLLOWAY AVE ADM 361 SAN FRANCISCO CA 94132 941384645 501(C)(3) 6557055 0 SCHOLARSHIPS, RESEARCH, TRAVEL, AND SALARY SUPPORT. HISPANIC FOUNDATION OF SILICON VALLEY 1961 THE ALAMEDA SAN JOSE CA 95126 770481921 501(C)(3) 9000 0 SPONSORSHIP BAY AREA COUNCIL FOUNDATION 101A CLAY STREET 161 SAN FRANCISCO CA 94111 201826827 501(C)(3) 14300 0 SPONSORSHIP 3 PART I, LINE 2: GRANTS ARE MADE EITHER DIRECTLY OR TO SAN FRANCISCO STATE UNIVERSITY (WHICH THE SAN FRANCISCO STATE UNIVERSITY FOUNDATION IS AN AUXILIARY ORGANIZATION OF) OR THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE (ANOTHER AUXILIARY ORGANIZATION OF SFSU). SFSU CONTROLS BOTH SAN FRANCISCO STATE UNIVERSITY FOUNDATION AND THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE VIA THE POWER TO APPROVE MEMBERS OF EACH OF THE ORGANIZATION'S BOARD. GRANT FUNDS ARE USED SOLELY TO ADVANCE THE MISSION OF SFSU AND ARE MONITORED TO ENSURE THEY ARE USED FOR PROPER PURPOSES VIA COMMON CONTROL. 0 0 0 0 0 0 0 0 0 LYNN MAHONEY EX-OFFICIO (VOTING) 0 460948 0 0 0 72000 0 103959 0 31380 0 668287 0 0 AMY SUEYOSHI EX-OFFICIO (VOTING) 0 351975 0 0 0 0 0 104159 0 12204 0 468338 0 0 JEFF WILSON EX-OFFICIO (VOTING) 0 326688 0 0 0 258 0 97035 0 24335 0 448316 0 0 JEFF JACKANICZ PRESIDENT 0 304926 0 0 0 9858 0 48254 0 32318 0 395356 0 0 VENESIA THOMPSON-RAMSAY SECRETARY (NON-VOTING) 0 186046 0 0 0 258 0 59103 0 43222 0 288629 0 0 SHELDON GEN FACULTY REPRESENTATIVE 0 181807 0 1950 0 1500 0 44728 0 32242 0 262227 0 0 PART I, LINE 3 THE PRESIDENT OF SAN FRANCISCO STATE UNIVERSITY FOUNDATION IS COMPENSATED BY SAN FRANCISCO STATE UNIVERSITY ("SFSU"), A RELATED ORGANIZATION. SFSU UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE SFSU FOUNDATION PRESIDENT: COMPENSATION SURVEY OR STUDY, CSU CLASSIFICATION SCHEDULE, FROM 990 OF OTHER ORGANIZATIONS, AND CSU BOARD OR COMMITTEE APPROVAL. X 9 331312 SALES PROCEEDS 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART V, LINE 2A AND PART IX, LINES 7 & 9: THE FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. THE EMPLOYEES WORKING FOR THE FOUNDATION ARE PAID BY SFSU. THE FOUNDATION REIMBURSES SFSU FOR THE COST OF UNIVERSITY STAFF WORKING FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION SELECTED CAMBRIDGE ASSOCIATES AS ITS NEW OUTSOURCED CHIEF INVESTMENT OFFICER (OCIO) TO MANAGE ITS INVESTMENTS. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT AND VICE PRESIDENT OF SAN FRANCISCO UNIVERSITY EACH HAVE AUTHORITY TO SERVE ON THE BOARD OF DIRECTORS OR APPOINT A DESIGNEE TO DO SO ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B AUDITOR FORWARDS THE COMPLETED FORM 990 TO THE INTERIM DIRECTOR OF FINANCE OF UNIVERSITY CORPORATION FOR REVIEW. UPON REVIEW, THE INTERIM DIRECTOR OF FINANCE OF THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE FORWARDS THE FORM 990 TO THE TREASURER OF THE FOUNDATION FOR REVIEW. THE TREASURER THEN REVIEWS AND FORWARDS THE FORM 990 TO THE EXECUTIVE COMMITTEE OF THE FOUNDATION BOARD FOR ITS REVIEW PRIOR TO FILING. BOARD MEMBERS ARE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD ANY QUESTIONS TO THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL MEETING OF THE BOARD, DIRECTORS REVIEW THE FOUNDATION'S CONFLICT OF INTEREST (COI) POLICY AND SIGN THE POLICY STATEMENT. ALL MEMBERS OF THE BOARD, INCLUDING UNIVERSITY EMPLOYEES SITTING ON THE BOARD, ARE REQUIRED TO SUBMIT A COMPLETED COI STATEMENT. AN ANNUAL COMPLIANCE REPORT IS PROVIDED TO THE UNIVERSITY'S CFO. ANY POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE FOUNDATION'S PRESIDENT AND FOUNDATION GENERAL COUNSEL FOR ADVICE. IF A CONFLICT IS DEEMED TO EXIST, THE AUDIT COMMITTEE PLACES THE MATTER ON THE REGULAR BOARD MEETING FOR AN OPEN SESSION DISCUSSION FOR THE DIRECTOR, WHOSE CONDUCT IS AT ISSUE TO EXPLAIN. THE BOARD WILL VOTE ON THE MATTER AND THE BOARD MEMBER HAVING THE CONFLICT MUST RECUSE HIM/HERSELF FROM ANY VOTING OR DECISION-MAKING THAT INVOLVES SAID BOARD MEMBER. POSSIBLE ACTIONS TO RECTIFY THE SITUATION INCLUDE, BUT NOT LIMITED TO, VALIDATION OF THE TRANSACTION, VALIDATION OF THE TRANSACTION WITH CONDITIONS, CENSURE OR REMOVAL OF THE DIRECTOR, OR RESCISSION OF THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT PROVIDE ANY COMPENSATION TO THE INDIVIDUALS LISTED ON PART VII OF THE FORM 990. ALL COMPENSATION PAID TO THESE INDIVIDUALS IS PAID BY A RELATED ORGANIZATION, SAN FRANCISCO STATE UNIVERSITY (SFSU). THE PROCESS USED TO DETERMINE COMPENSATION FOR THESE INDIVIDUALS IS DETERMINED BY SFSU. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF THE TIME SET FORTH IN I.R.C. SECTION 6104(D). FORM 990, PART XI, LINE 9: TRANSFERS FROM TEMPORARY RESTRICTED FUND 855,966. SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 931137247 EDUCATION CA 115 LINE 2 N/A 0 UNIVERSITY CORPORATION SFSU 1600 HOLLOWAY AVENUE ADM 361 SAN FRANCISCO CA 94132 941384645 SUPPORT SFSU CA 501(C)(3) LINE 5 SFSU 0 ASSOCIATED STUDENTS INC OF SFSU 1650 HOLLOWAY AVE SAN FRANCISCO CA 94132 941170352 SUPPORT SFSU CA 501(C)(3) SFSU 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 1