Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
ROBERT AND RUTH HALPERIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE LOMBARD STREET SUITE 305
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA94111
A Employer identification number

94-3334424
B Telephone number (see instructions)

(415) 834-9934
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$177,565,377
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,838
2 Check bullet.............
3 Interest on savings and temporary cash investments 299 299  
4 Dividends and interest from securities... 4,181,218 4,181,218  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,650,704
b Gross sales price for all assets on line 6a 4,961,628
7 Capital gain net income (from Part IV, line 2)... 1,650,704
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... -42,040 -42,040  
12 Total. Add lines 1 through 11........ 5,794,019 5,790,181  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,593 478   1,115
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 38,049 38,049    
c Other professional fees (attach schedule).... 394,616 394,616    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 218,667 218,667    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 522,220 236,191   286,029
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,175,145 888,001   287,144
25 Contributions, gifts, grants paid....... 8,481,000 8,481,000
26 Total expenses and disbursements. Add lines 24 and 25 9,656,145 888,001   8,768,144
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,862,126
b Net investment income (if negative, enter -0-) 4,902,180
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Page 2
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 583,784 233,316 233,316
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 131,513,543 Click to see attachment129,524,302 167,914,006
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,804,369 Click to see attachment9,334,230 9,418,055
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1 Click to see attachment3  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 142,901,697 139,091,851 177,565,377
Liabilities 17 Accounts payable and accrued expenses.......... 6,647 58,926
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 6,647 58,926
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 142,895,050 139,032,925
29 Total net assets or fund balances (see instructions)..... 142,895,050 139,032,925
30 Total liabilities and net assets/fund balances (see instructions). 142,901,697 139,091,851
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
142,895,050
2
Enter amount from Part I, line 27a .....................
2
-3,862,126
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1
4
Add lines 1, 2, and 3 ..........................
4
139,032,925
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
139,032,925
Form 990-PF (2019)
Page 3
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a SCHWAB CAPITAL GAINS DIVIDENDS P 2019-12-31 2019-12-31
b DFA INTL CORE EQUTY P 2019-12-31 2019-12-31
c ISHARES COHEN AND STEERSREIT P 2017-12-15 2019-07-11
d INTEL CORP P 2015-03-02 2019-10-11
e SPDR S&P 500 EFF P 2018-03-27 2019-09-19
SPDR S&P 500 EFF P 2018-03-27 2019-07-11
GS MEZZANIN PARTNERS-SALES P 2019-12-31 2019-12-31
MEDIA RADAR P 2019-12-31 2019-12-31
NORTHGATE PRIVATE EQ FR K-1 P 2019-12-31 2019-12-31
NORTHGATE VENT PTRS II FR K-1 P 2019-12-31 2019-12-31
GREYLOCK -XI FR K-1 P 2019-12-31 2019-12-31
GREYLOCK -X FR K-1 P 2019-12-31 2019-12-31
NEW ENTER ASSOC FR K-1 P 2019-12-31 2019-12-31
UNIVERSITY TECH VENT FR K-1 P 2019-12-31 2019-12-31
WPC ENTER FUND II FR K-1 P 2019-12-31 2019-12-31
BAIN CAPITAL FD VII FR K-1 P 2019-12-31 2019-12-31
BAIN CAPITAL FD VIII FR K-1 P 2019-12-31 2019-12-31
GOLDEN GATE OPPOR FR K-1 P 2019-12-31 2019-12-31
GOLDEN GATE CAP IN II FR K-1 P 2019-12-31 2019-12-31
GOLDEN GATE CAP IN II-A FR K-1 P 2019-12-31 2019-12-31
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 435,943     435,943
b 649,960   527,540 122,420
c 98,704   87,907 10,797
d 2,547,947   1,616,510 931,437
e 407,052   353,905 53,147
403,449   353,905 49,544
119     119
1,835     1,835
    10,383 -10,383
47,628     47,628
3,541     3,541
    7,825 -7,825
84,612     84,612
1,741     1,741
    3,624 -3,624
117,850     117,850
    296,620 -296,620
161,247     161,247
    25,606 -25,606
    27,099 -27,099
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       435,943
b       122,420
c       10,797
d       931,437
e       53,147
      49,544
      119
      1,835
      -10,383
      47,628
      3,541
      -7,825
      84,612
      1,741
      -3,624
      117,850
      -296,620
      161,247
      -25,606
      -27,099
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 1,650,704
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 7,409,000 165,992,151 0.04464
2017 6,576,402 151,311,707 0.04346
2016 6,230,135 133,084,113 0.04681
2015 5,050,378 125,507,986 0.04024
2014 4,579,864 102,912,882 0.04450
2
Total of line 1, column (d) .....................
2
0.219653
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.043931
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
167,185,007
5
Multiply line 4 by line 3......................
5
7,344,605
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
49,022
7
Add lines 5 and 6........................
7
7,393,627
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,768,144
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Page 4
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 49,022
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 49,022
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 49,022
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 164,016
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 164,016
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 114,994
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet114,994 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Page 5
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJEAN WALLACE Telephone no.bullet (707) 769-1769

    Located atbullet811 BLUEGRASS DRIVEPETALUMACA ZIP+4bullet94954
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Page 6
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PHILIP W HALPERIN President
    7.00
    1,593    
    ONE LOMBARD STREET SUITE 305
    SAN FRANCISCO,CA94111
    PEGGY DOW Director
    1.00
    0    
    ONE LOMBARD STREET SUITE 305
    SAN FRANCISCO,CA94111
    MARK HALPERIN Director
    1.00
    0    
    ONE LOMBARD STREET SUITE 305
    SAN FRANCISCO,CA94111
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2019)
    Page 7
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GOLDSTEIN MUNGER & ASSOCIATES INVEST ADVISORY SERV 394,616
    18 CROW CANYON COURT 250
    SAN RAMON,CA94583
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2019)
    Page 8
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    158,942,666
    b
    Average of monthly cash balances.......................
    1b
    760,703
    c
    Fair market value of all other assets (see instructions)................
    1c
    10,027,603
    d
    Total (add lines 1a, b, and c).........................
    1d
    169,730,972
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    169,730,972
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,545,965
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    167,185,007
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,359,250
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,359,250
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    49,022
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,022
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,310,228
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    8,310,228
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    8,310,228
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    8,768,144
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,768,144
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    49,022
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,719,122
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Page 9
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2018
    (c)
    2018
    (d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 8,310,228
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 8,105,133
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 8,768,144
    a Applied to 2018, but not more than line 2a 8,105,133
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
     
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2019 distributable amount..... 663,011
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2019.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
     
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
     
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
     
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
     
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........
    7,647,217
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
     
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...
     
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......
     
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Page 10
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Page 11
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    Foundation
    status of
    recipient
    Purpose of grant or
    contribution
    Amount
    Name and address (home or business)
    aPaid during the year
    MAKING WAVES
    3220 BLUME DRIVE
    RICHMOND,CA94806
      EOF EDUCATION PROGRAM 50,000
    JUMPSTART
    235 MONTGOMERY ST 1025
    SAN FRANCISCO,CA94104
      EOF FUND GENERAL OPERATING 100,000
    PARENTS FOR PUBLIC SCHOOLS
    3543 18 STREET
    SAN FRANCISCO,CA94110
      EOF FURTHER CHARITABLE PURPOSE 50,000
    NEXT GEN CLIMATE AMERICA INC
    986 STREET FLOOR 1
    SAN FRANCISCO,CA94103
      EOF FUND GENERAL OPERATING 50,000
    COMPASS FAMILY SERVICES
    49 POWELL STREET 3RD FLOOR
    SAN FRANCISCO,CA94102
      EOF FUND GENERAL OPERATING 100,000
    PARTNERS IN SCHOOL INNOVATION
    1060 TENNESSEE STREET
    SAN FRANCISCO,CA94107
      EOF FURTHER CHARITABLE PURPOSE 170,000
    NEW TEACHER CENTER
    1205 PACIFIC AVENUE
    SANTA CRUZ,CA95060
      EOF FURTHER CHARITABLE PURPOSE 150,000
    PORTOLA FAMILY CONNECTIONS
    2565 SAN BRUNO AVE
    SAN FRANCISCO,CA94134
      EOF FUND GENERAL OPERATING 25,000
    STANFORD UNIVERSITY
    326 GALVEZ WAY
    STANFORD,CA94305
      EOF FURTHER CHARITABLE PURPOSE 1,825,000
    FACING HISTORY OURSELVE
    300 FRANK OGAWA PL 269
    OAKLAND,CA94612
      EOF HBS FELLOWSHIP PROGRAM 100,000
    THE CALIFORNIA EDUCATION PARTNERS
    ONE LOMBARD ST 305
    SAN FRANCISCO,CA94111
      EOF FUND GENERAL OPERATING 2,000,000
    UNIVERSITY OF CHICAGO
    5801 SOUTH ELLIS AVE
    CHICAGO,IL60637
      EOF FURTHER CHARITABLE PURPOSE 10,000
    ALLIANCE FOR YOUTH ORGANI
    915 - 5TH STREET NW
    WASHINGTON,DC20001
      EOF FURTHER CHARITABLE PURPOSE 50,000
    JEWISH COMMUNITY FOUNDATION
    3200 CALIFORNIA ST
    SAN FRANCISCO,CA94118
      EOF FURTHER CHARITABLE PURPOSE 1,000
    AIM HIGH
    2030 HARRISON ST 3RD FL
    SAN FRANCISCO,CA94110
      EOF EDUCATION PROGRAM 50,000
    SAN FRANCISCO BOYS AND GIRLS CLUB
    380 FULTON STREET
    SAN FRANCISCO,CA94102
      EOF EDUCATION PROGRAM 100,000
    OCCIDENTAL COLLEGE
    1600 CAMPUS ROAD M-33
    LOS ANGELES,CA90041
      EOF FURTHER CHARITABLE PURPOSE 200,000
    SAFE SOUND
    1757 WALLER ST
    SAN FRANCISCO,CA94117
      EOF EDUCATION PROGRAM 100,000
    JAMESTOWN COMMUNITY CENTER
    2929 19TH STREET
    SAN FRANCISCO,CA94110
      EOF FURTHER CHARITABLE PURPOSE. 50,000
    EDUCATION TRUST WEST
    1814 FRANKLIN STREET
    OAKLAND,CA94612
      EOF EDUCATIN PROGRAM. 50,000
    UNIVERSITY OF MICHIGAN
    610 EAST UNIVERSITY AVE
    ANN ARBOR,MI48109
      EOF EDUCATION PROGRAM 250,000
    CALIF CHILDREN FAMILY FOUND
    1115 ATLANTIC AVENUE
    ALAMEDA,CA94501
      EOF FURTHER CHARITABLE PURPOSE 75,000
    POSSEE FOUNDATION
    14 WALL STREET STE 8A-60
    NEW YORK,NY10005
      EOF FURTHER CHARITABLE PURPOSE. 50,000
    OAKLAND INTERNATIONAL HIGH SCHOOL
    4521 WEBSTER ST
    OAKLAND,CA94609
      EOF FURTHER CHRITABLE PURPOSE 250,000
    SPRINGBOARD COLLABORATIVE
    2 PENN CENTER 1500 JFK BLVD
    PHILADELPHIA,PA19102
      EOF GENERAL OPERATIONS 50,000
    WHEN WE ALL VOTE
    PO BOX 34673
    WASHINGTON,DC20005
      EOF FURTHER CHARITABLE PURPOSE 50,000
    PARTNERSHIP FOR LA SCHOOLS
    1055 WILSHIRE BLVD
    LOS ANGELES,CA90017
      EOF FURTHER CHARITABLE PURPOSE 250,000
    SF COURT APPTD SPECIAL ADVOCATE
    2535 MISSION ST
    SAN FRANCISCO,CA94110
      GOV FURTHER CHARITABLE PROGRAM 100,000
    TEN STRANDS
    PO BOX 150869
    SAN RAFAEL,CA94915
      EOF FURTHER CHARITABLE PURPOSE. 25,000
    SAN DIEGO GRANTMAKERS
    5060 SHOREHAM PLACE
    SAN DIEGO,CA94122
      EOF FURTHER CHARITABLE PURPOSE. 75,000
    SILICON VALLEY COMMUNITY FDN
    2440 W EL CAMINO REAL 300
    MOUNTAIN VIEW,CA94040
      EOF FURTHER CHARITABLE PURPOSE. 75,000
    UCSF FOUNDATION
    220 MONTGOMERY ST
    SAN FRANCISCO,CA94143
      EOF FURTHER CHARITABLE PURPOSE. 25,000
    UNIVERSITY HIGH SCHOOL
    3065 JACKSON STREET
    SAN FRANCISCO,CA94115
      EOF EDUCATION PROGRAM 25,000
    PUBLIC POLICY INSTITUTE OF CA
    500 WASHINGTON ST 600
    SAN FRANCISCO,CA94111
      EOF FURTHER CHARITABLE PURPOSE 10,000
    SAN FRANCISCO MOMA
    151 THIRD STREET
    SAN FRANCISCO,CA94103
      EOF GENERAL OPERATIONS 15,000
    TIDES CENTER
    1012 TORNEY AVE
    SAN FRANCISCO,CA94129
      EOF FURTHER CHARITABLE PURPOSE 350,000
    ACLU
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004
      EOF GENERAL OPERATIONS 25,000
    ANTI DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY10158
      EOF GENERAL OPERATIONS 75,000
    PARTNERSHIP FOR CHILDREN YOUTH
    1330 BROADWAY SUITE 601
    OAKLAND,CA94612
      EOF FURTHER CHARITABLE PURPOSE 50,000
    SOBRATO EARLY ACADEMIC LANGUAGE
    555 12TH STREET
    OAKLAND,CA94607
      EOF GENERAL OPERATIONS 250,000
    NATIONAL WOMEN'S LAW CENTER
    11 DUPONT CIRCLE NW 800
    WASHINGTON,DC20036
      EOF GENERAL OPERATIONS 25,000
    INTL NETWORK FOR PUBLIC SCHOOLS
    50 BROADWAY SUITE 2200
    NEW YORK,NY10004
      EOF FURTHER CHARITABLE PURPOSE 200,000
    BRADY CENTER TO PREVENT GUN VIOLENC
    840 FIRST ST NE SUITE 400
    WASHINGTON,DC20002
      EOF GENERAL OPERATIONS 50,000
    MARCH FOR OUR LIVES FOUNDATION
    PO BOX 8929
    CORAL SPRINGS,FL33071
      EOF FURTHER CHARITABLE PURPOSE 50,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW STE 300
    WASHINGTON,DC20036
      EOF FURTHE CHARITABLE PURPOSE 50,000
    KQED
    2601 MARIPOSA STREET
    SAN FRANCISCO,CA94704
      EOF FURTHER CHARITABLE PURPOSE 25,000
    NATIONAL IMMIGRATION LAW CENTER
    3450 WILSHIRE BLVD 108-62
    LOS ANGELES,CA90010
      EOF FURTHER CHARITABLE PURPOSE 100,000
    SPARK SF PUBLIC SCHOOLS
    135 VAN NEXX AVE RM 119
    SAN FRANCISCO,CA94102
      EOF FURTHER CHARITABLE PURPOSE 225,000
    UNBOUND ED
    PO BOX 69046
    BALTIMORE,MD21264
      EOF CHARITABLE PURPOSE 150,000
    ALDER GRADUATE SCHOOL OF EDUCATION
    2946 BROADWAY ST SUITE B
    REDWOOD CITY,CA94062
      EOF FURTHER CHARITABLE PURPOSE 200,000
    SCHWAB CHARITABLE FUND
    PO BOX 628298
    ORLANDO,FL32862
      EOF FURTHER CHARITABLE PURPOSE 100,000
    Total .................................bullet 3a 8,481,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Page 12
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........
        14 299  
    4 Dividends and interest from securities....     14 4,181,218  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............
        18 1,650,704  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aBAIN CAPITAL (SQ) VIII LP
        14    
    bBAIN CAPITAL FD VII&VIII     14 55  
    cCCG INVESTMENT BVI LP     14    
    dCCG INVESTMENT FUND LP     14    
    eCHENGWEI VENTURES FD I     14    
    fGOLDEN GATE CAP INV FD II     14    
    gGOLDEN GATE CAP INV FDIIA     14    
    hGOLDEN GATE CAP INV II-BV     14    
    iGOLDEN GATE INV II-A ADJ     14    
    jGOLDEN GATE OPPORTUNITY     14 -34,024  
    kGREYLOCK X AND XI LP     14    
    lGS MEZZANINE LLP     14 -17  
    mNEW ENTERPRISE FUND II     14 -7,889  
    nNORTHGATE PRIVATE EQUITY     14 -16  
    oNORTHGATE VENTURE PTR II     14 -143  
    pUNIVERSITY TECH VENTURES     14 -6  
    qWPC ENTERPRENEUR FUND II     14    
    12 Subtotal. Add columns (b), (d), and (e)..   5,790,181  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,790,181
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    34 INTEREST AND DIVIDENDS TO BE USED FOR QUALIFYING DISTRIBUTIONS TO PUBLIC CHARITIES.
    811 INVESTMENT INCOME TO BE USED FOR QUALIFYING DISTRIBUTIONS TO PUBLIC CHARITIES.
    Form 990-PF (2019)
    Page 13
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet 2020-09-30 Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's nameJASMINE C CLARIDAD Preparer's Signature   Date   PTIN P00377442
    Firm's name SmallBulletClaridad & Crowe CPAs
     
    Firm's EIN SmallBullet94-2832921  
    Firm's address SmallBulletPO Box 907
     
    Mill Valley, CA94942
    Phone no. (415) 888-3645
    Form 990-PF (2019)
    Additional Data


    Software ID: 19009920
    Software Version: 2019v5.0


    Form 990PF - Special Condition Description:
    Special Condition Description