University Of California Berkeley Foundation
- Assets
- $3.4b
- Revenue
- $949.2m
- Investments
- $2.5b
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 07/1950
- Data as of
- 06/2022
- EIN
- 94-6090626
Organization Overview
University Of California Berkeley Foundation is located in Berkeley, CA. The organization was established in 1950. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of California Berkeley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of California Berkeley Foundation generated $949.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $363.0m during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
GRANTS AND ALLOCATIONS TO THE UNIVERSITY OF CALIFORNIA, BERKELEY CAMPUS UNITS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Christ Chancellor | Trustee | 8 | $0 |
William Ausfahl Emeritus Trustee | Trustee | 0.8 | $0 |
Anne Bakar Trustee | Trustee | 0.8 | $0 |
Desi Banatao Trustee | Trustee | 2 | $0 |
Mark Bertelsen Trustee | OfficerTrustee | 2 | $0 |
Dana Bisconti Trustee | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evans Latham Campisi Legal Services | 6/29/15 | $203,209 |
Vastardis Capital Services Inv. Perf. Report | 6/29/15 | $188,793 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,837,899 |
| Noncash contributions included in lines 1a–1f | $66,652,549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $756,837,899 |
| Total Program Service Revenue | $0 |
| Investment income | $11,990,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $180,392,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,220,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,591,573 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $582,786 |
| Fees for services: Legal | $15,156 |
| Fees for services: Accounting | $70,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,620,325 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$120 |
| All other expenses | $8,030,278 |
| Total functional expenses | $363,013,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,996,988 |
| Pledges and grants receivable | $423,217,145 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $760,424 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $476,314,627 |
| Investments—other securities | $2,464,165,819 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,169,884 |
| Total assets | $3,399,624,887 |
| Accounts payable and accrued expenses | $1,746,454 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $45,228,386 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,509,331 |
| Total liabilities | $146,484,171 |
| Net assets without donor restrictions | $3,031,663 |
| Net assets with donor restrictions | $3,250,109,053 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,399,624,887 |