Form990-PF

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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE JOSEPH AND VERA LONG FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)500 YGNACIO VALLEY ROAD SUITE 330   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WALNUT CREEK, CA94596
A Employer identification number

94-1643626
B Telephone number (see instructions)

(925) 935-4138
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$107,430,074J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 660,211 642,321  
4 Dividends and interest from securities...... 3,019,119 3,019,119  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,330,613
b Gross sales price for all assets on line 6a 30,638,233
7 Capital gain net income (from Part IV, line 2)... 3,330,613
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)....... Click to see attachment 1,276 1,276  
12 Total. Add lines 1 through 11........ 7,011,219 6,993,329  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 132,667 32,292   100,375
14 Other employee salaries and wages...... 60,247 0   60,247
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,020 0   1,020
b Accounting fees (attach schedule)....... Click to see attachment 38,715 0   38,715
c Other professional fees (attach schedule).... Click to see attachment 63,971 63,971   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 330,479 3,895   11,687
19 Depreciation (attach schedule) and depletion... 494 0  
20 Occupancy.............. 25,780 0   25,780
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 47 0   47
23 Other expenses (attach schedule)....... Click to see attachment 238,620 224,170   14,450
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 892,040 324,328   252,321
25 Contributions, gifts, grants paid........ 5,385,354 4,538,331
26 Total expenses and disbursements. Add lines 24 and 25 6,277,394 324,328   4,790,652
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 733,825
b Net investment income (if negative, enter -0-) 6,669,001
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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...............      
2 Savings and temporary cash investments.......... 8,265,664 9,103,357 9,103,357
3 Accounts receivable bullet32,126
Less: allowance for doubtful accounts bullet   39,423 32,126 32,126
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........... 4,255 15,266 15,266
10a Investments—U.S. and state government obligations (attach schedule) 995,964 Click to see attachment890,648 890,648
b Investments—corporate stock (attach schedule)........ 53,154,776 Click to see attachment62,668,180 62,668,180
c Investments—corporate bonds (attach schedule)........ 28,872,048 Click to see attachment19,170,663 19,170,663
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 14,184,229 Click to see attachment15,549,834 15,549,834
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 105,516,359 107,430,074 107,430,074
Liabilities 17 Accounts payable and accrued expenses..........   5,044
18 Grants payable.................. 1,788,056 2,635,079
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) Click to see attachment730,084 Click to see attachment939,419
23 Total liabilities (add lines 17 through 22).......... 2,518,140 3,579,542
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 102,998,219 103,850,532
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 102,998,219 103,850,532
31 Total liabilities and net assets/fund balances (see instructions).. 105,516,359 107,430,074
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 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 102,998,219
2 Enter amount from Part I, line 27a..................... 2 733,825
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 118,488
4 Add lines 1, 2, and 3.......................... 4 103,850,532
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 103,850,532
Form 990-PF (2014)
Form 990-PF (2014)
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 WELLS FARGO BOWHAY - VARIOUS P   2014-12-31
b WELLS FARGO SEGALL - VARIOUS P   2014-12-31
c CHARLES SCHWAB INVESTMENT - VARIOUS P   2014-12-31
d WELLS FARGO SARATOGA P   2014-12-31
e WELLS FARGO WEDGEWOOD P   2014-12-31
(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 1,083,554   1,004,628 78,926
b 6,050,091   6,146,578 -96,487
c 20,873,568   17,882,001 2,991,567
d 477,223   417,917 59,306
e 2,153,797   1,856,496 297,301
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       78,926
b       -96,487
c       2,991,567
d       59,306
e       297,301
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 3,330,613
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))
2013 4,454,762 99,389,795 0.044821
2012 4,494,245 91,738,476 0.048990
2011 4,460,778 92,591,843 0.048177
2010 4,313,433 89,773,870 0.048048
2009 3,434,491 86,419,909 0.039742
2 Total of line 1, column (d) ...................... 2 0.229778
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.045956
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 106,575,178
5 Multiply line 4 by line 3....................... 5 4,897,769
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 66,690
7 Add lines 5 and 6......................... 7 4,964,459
8 Enter qualifying distributions from Part XII, line 4.............. 8 4,790,652
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 (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 133,380
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 0
3 Add lines 1 and 2........................... 3 133,380
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 133,380
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 80,000
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 80,000
8 Enter any penalty for underpayment of estimated tax. 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 53,380
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
    Yes
     
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    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 addressbulletWWW.JVLF.ORG
    14
    The books are in care ofbulletMS BRENDA KAUTEN Telephone no.bullet (925) 935-4138
    Located atbullet500 YGNACIO VALLEY ROAD SUITE 330WALNUT CREEKCA ZIP+4bullet94596
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, 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 instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (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
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    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
    ROBERT M LONG THROUGH 3272014 VP/TRUSTEE
    0.50     		0 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    NICHOLAS PIEDISCALZI PRES/TRUSTEE
    0.50     		0 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    MILTON E LONG EXEC. DIR./VP/TREASURER/TR
    32.00     		129,167 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    NAN L GEFEN VP/SECRETARY/TRUSTEE
    0.50     		0 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    MICHELLE HOLSTEIN VP/TRUSTEE
    0.50     		0 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    RONALD A PLOMGREN VP/TRUSTEE
    0.50     		3,500 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    LANI MACKENZIE TRUSTEE
    0.50     		0 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    LISA PIEDISCALZI TRUSTEE
    0.50     		0 0 0
    500 YGNACIO VALLEY ROADSUITE 330
    WALNUT CREEK,CA94596
    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
    BRENDA KAUTEN ADMINISTRATOR
    28.00     		57,166 0 0
    500 YGNACIO VALLEY ROAD SUITE 330
    WALNUT CREEK,CA94596
    Total number of other employees paid over $50,000...................bullet 0
    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
    BEACON POINTE ADVISORS CONSULTING 63,971
    24 CORPORATE PLAZA SUITE 150
    NEWPORT BEACH,CA92660
    ST JAMES INVESTMENT INVESTMENT MANAGER 63,412
    3838 OAK LAWN AVENUE
    DALLAS,TX75219
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    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 N/A 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    98,032,925
    b
    Average of monthly cash balances.......................
    1b
    10,151,013
    c
    Fair market value of all other assets (see instructions)................
    1c
    14,212
    d
    Total (add lines 1a, b, and c).........................
    1d
    108,198,150
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    108,198,150
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,622,972
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    106,575,178
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,328,759
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,328,759
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    133,380
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    133,380
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,195,379
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,195,379
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,195,379
    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
    4,790,652
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    4,790,652
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,790,652
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 5,195,379
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 4,637,828
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 4,790,652
    a Applied to 2013, but not more than line 2a 4,637,828
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 152,824
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		5,042,555
    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) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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 organization 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 (2014)
    Form 990-PF (2014)
    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
    ALAMEDA COUNTY LIBRARY FOUNDATION
    2450 STEVENSON BLVD
    FREMONT,CA94538     		NONE PUBLIC CHARITY CAMPAIGN FOR THE SAN LORENZO LIBRARY 45,000
    ALZHEIMER'S SERVICES OF THE EAST BAY
    2320 CHANNING WAY
    BERKELEY,CA94704     		NONE PUBLIC CHARITY FREMONT GARDEN RENOVATION 50,000
    BETTER HEALTH EAST BAY AKA ALTA BATES
    2450 ASHBY AVENUE
    BERKELEY,CA94705     		NONE PUBLIC CHARITY TELE-CARE PROGRAM 25,000
    BOYS & GIRLS CLUB OF THE DIABLO VALLEY
    1301 ALHAMBRA AVENUE
    MARTINEZ,CA94553     		NONE PUBLIC CHARITY STEM AFTER SCHOOL PROGRAM 10,000
    CALIFORNIA WATERFOWL ASSOCIATION
    1346 BLUE LAKES BLVD STE 200
    ROSEVILLE,CA95678     		NONE PUBLIC CHARITY SUISUN MARSH HABITAT & EDUC INITIATIVE 475,000
    CANAL ALLIANCE
    91 LARKSPUR STREET
    SAN RAFAEL,CA94901     		NONE PUBLIC CHARITY CRM UPGRADE PROJECT 29,000
    CERES COMMUNITY PROJECT
    7351 BODEGA AVENUE
    SEBASTOPOL,CA95472     		NONE PUBLIC CHARITY HEADQUARTERS FACILITIES EXPANSION 50,000
    CHAMINADE UNIVERSITY
    3140 WAIALAE AVENUE
    HONOLULU,HI96816     		NONE PUBLIC CHARITY HALE HOALOHA RENOVATION FOR NEW NURSING CLASSROOMS 50,000
    CITY SLICKER FARMS
    1625 16TH STREET
    OAKLAND,CA94607     		NONE PUBLIC CHARITY WEST OAKLAND URBAN FARM & PARK 49,000
    CITY YEAR SACRAMENTO
    1414 K STREET SUITE 100
    SACRAMENTO,CA95814     		NONE PUBLIC CHARITY WHOLE SCHOOL WHOLE CHILD PROGRAM 25,000
    CLEO EULAU CENTER FOR CHILDREN AND ADOLESCENTS DBA ACKNOWLEDGE ALLIANCE
    2483 OLD MIDDLEFIELD WAY SUITE 208
    MOUNTAIN VIEW,CA94043     		NONE PUBLIC CHARITY PLAN AND PILOT AN EVALUATION OF ACKNOWLEDGE ALLIANCE SEL PROGRAM - PROJECT RESILIENCE 15,000
    COASTAL KIDS HOME CARE
    590 BRUNKEN AVENUE
    SALINAS,CA93901     		NONE PUBLIC CHARITY IT INNOVATION FOR CHILDREN'S HEALTH CARE 35,000
    COLLEGE PREPARATORY SCHOOL
    6100 BROADWAY STREET
    OAKLAND,CA94618     		NONE PUBLIC CHARITY HIGH SCHOOL TRANSITION & PATHWAYS PROGRAM 15,000
    DAILY CALIFORNIAN EDUCATION FOUNDATION
    2483 HEARST AVENUE
    BERKELEY,CA94709     		NONE PUBLIC CHARITY INVEST IN STUDENT JOURNALISM TO DEVELOP COMMUNITY AWARENESS & ACTION PROGRAM 15,000
    DIENTES COMMUNITY DENTAL CARE
    1830 COMMERICAL WAY
    SANTA CRUZ,CA95065     		NONE PUBLIC CHARITY GROWING HEALTHY SMILES CAPITAL CAMPAIGN 90,000
    DUCKS UNLIMITED
    ONE WATERFOWL WAY
    MEMPHIS,TN38120     		NONE PUBLIC CHARITY RESTORE SAN FRANCISCO ESTUARY-SKAGGS ISLAND & SEARS POINT PROJECT 500,000
    EXPONENT PHILANTHROPY
    1720 N STREET NW
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY GENERAL OPERATING SUPPORT 3,000
    FAMILY HOUSE
    50 IRVING STREET
    SAN FRANCISCO,CA94122     		NONE PUBLIC CHARITY NANCY & STEPHEN GRAND FAMILY HOUSE 50,000
    FARALLONES MARINE SANCTUARY ASSN
    THE PRESIDIO PO BOX 29386
    SAN FRANCISCO,CA94129     		NONE PUBLIC CHARITY EXPANDING LIMPETS IN UNDERSERVED COMMUNITIES 10,000
    FOUNDATION FOR HEARING RESEARCH
    3518 JEFFERSON AVENUE
    REDWOOD CITY,CA94062     		NONE PUBLIC CHARITY SENSORY-MOTOR INTEGRATION ROOM 35,090
    HOSPICE OF HILO
    1011 WAIANUENUE AVENUE
    HILO,HI96720     		NONE PUBLIC CHARITY HOSPICE OF HILO CAPACITY BUILDING PROJECT 25,000
    HOSPICE OF THE EAST BAY
    3470 BUSKIRK AVENUE
    PLEASANT HILL,CA94523     		NONE PUBLIC CHARITY BRUNS HOUSE GENERATOR 26,500
    HOSPICE OF THE FOOTHILLS
    11270 ROUGH READY HWY
    GRASS VALLEY,CA95945     		NONE PUBLIC CHARITY IMPROVING HOSPICE CARE THROUGH ACCURATE DIAGNOSIS 84,192
    IN-HOME SUPPORTIVE SERVICES CONSORTIUM
    1035 MARKET STREET L1
    SAN FRANCISCO,CA94103     		NONE PUBLIC CHARITY TAPCARE ONLINE CAREGIVER REGISTRY 30,000
    INDIVIDUALS NOW DBA ADVOCATES FOR YOUTH
    3440 AIRWAY DRIVE SUITE E
    SANTA ROSA,CA95403     		NONE PUBLIC CHARITY ROVING ON-SITE PROJECT TEACHER PROGRAM 25,000
    INSTITUTE ON AGING
    3575 GEARY BLVD
    SAN FRANCISCO,CA94118     		NONE PUBLIC CHARITY PHONE SYSTEM PROJECT 50,000
    LAMORINDA VILLAGE INC
    565 ARROWHEAD DRIVE
    LAFAYETTE,CA94549     		NONE PUBLIC CHARITY LAMORINDA VILLAGE LAUNCH PROJECT 43,215
    MALAMA KAUAI
    PO BOX 1414
    KILAUEA,HI96754     		NONE PUBLIC CHARITY ROOTS OF KAUAI GREEN CAREERS CERTIFICATE 20,000
    MALAMA PUPUKEA-WAIMEA
    PO BOX 188
    HALEIWA,HI96712     		NONE PUBLIC CHARITY KA PAPA KAI: DEVELOPING OCEAN STEWARDS 10,500
    MILLS COLLEGE
    5000 MACARTHUR BLVD
    OAKLAND,CA94613     		NONE PUBLIC CHARITY RENOVATE BIOLOGY RESEARCH LABS 500,000
    NATURE CONSERVANCY
    201 MISSION 4TH FLOOR
    SAN FRANCISCO,CA94501     		NONE PUBLIC CHARITY EMPOWERING COMMUNITIES TO PROTECT MAUI'S MARINE RESOURCES 40,000
    NORTHERN CALIFORNIA REGIONAL LAND TRUST
    167 EAST 3RD AVENUE
    CHICO,CA95928     		NONE PUBLIC CHARITY PINE CREEK LINKAGE 100,000
    O'NEILL SEA ODYSSEY
    2222 EAST CLIFF DRIVE SUITE 222
    SANTA CRUZ,CA95062     		NONE PUBLIC CHARITY SAN JOSE COMMUNITY OCEANOGRAPHY PROGRAM 20,000
    POINT REYES BIRD OBSERVATORY DBA POINT BLUE CONSERVATION SCIENCE
    3820 CYPRESS DR 11
    PETALUMA,CA94954     		NONE PUBLIC CHARITY RESTORATION AND EDUCATION AT SAN PABLO BAY NATIONAL WILDLIFE REFUGE 20,000
    SAN MATEO COUNTY HEALTH FOUNDATION
    222 W 39TH AVE
    SAN MATEO,CA94403     		NONE PUBLIC CHARITY FAIR OAKS HEALTH CENTER 75,000
    SAN MATEO COUNTY PARKS AND RECREATION
    215 BAY ROAD
    MENLO PARK,CA94025     		NONE PUBLIC CHARITY MEMORIAL COUNTY PARK FISH PASSAGE BARRIERS REMEDIATION PROJECT 49,000
    SANTA CRUZ WOMEN'S HEALTH CENTER
    250 LOCUST STREET
    SANTA CRUZ,CA95060     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    SAVE THE REDWOODS LEAGUE
    114 SANSOME ST SUITE 1200
    SAN FRANCISCO,CA94110     		NONE PUBLIC CHARITY PROTECT OLD-GROWTH REDWOOD FOREST IN SANTA CRUZ MOUNTAINS 100,000
    STUDENT CONSERVATION ASSOCIATION
    1230 PRESERVATION PARK WAY
    OAKLAND,CA94612     		NONE PUBLIC CHARITY ENGAGING YOUTH & GIS TECHNOLOGY TO MAP NATURAL RESOURCES OF SAN MATEO COUNTY PARKS 50,000
    SIMPSON UNIVERSITY
    2212 COLLEGE VIEW DRIVE
    REDDING,CA96003     		NONE PUBLIC CHARITY IRON MOUNTAIN MINE RESEARCH AND ENVIRONMENTAL EDUCATION PROJECT 33,000
    SOUTH COUNTY COMMUNITY HEALTH CENTER INC
    1798-A BAY ROAD
    EAST PALO ALTO,CA94303     		NONE PUBLIC CHARITY RAVENSWOOD CAPITAL EXPANSION PROJECT - NEW HEALTH CENTER 49,000
    STEWARDS OF THE COAST & REDWOODS
    PO BOX 2
    DUNCANS MILLS,CA95430     		NONE PUBLIC CHARITY SONOMA COAST MARINE EDUCATION PROGRRAM 20,000
    SUTTER VNA & HOSPICE DBA SUTTER CARE AT HOME
    4830 BUSINESS CENTER DR STE 140
    FAIRFIELD,CA94534     		NONE PUBLIC CHARITY HEALTH LITERATE STOPLIGHT TOOLS PROJECT 15,000
    TOURO UNIVERSITY
    1310 CLUB DRIVE MARE ISLAND
    VALLEJO,CA94592     		NONE PUBLIC CHARITY PHARMACY SCHOLARSHIP 5,000
    TOURO UNIVERSITY
    1310 CLUB DRIVE MARE ISLAND
    VALLEJO,CA94592     		NONE PUBLIC CHARITY STAGE 1 - LAB & CLASSROOM PROJECT 150,000
    TULEYOME
    607 NORTH STREET
    WOODLAND,CA95695     		NONE PUBLIC CHARITY LAND CONSERVATION & STEWARDSHIP FUND 50,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    220 MONTGOMERY STREET 5TH FLR
    SAN FRANCISCO,CA94104     		NONE PUBLIC CHARITY EPILEPSY GENETICS IN THE NEW ERA OF PRECISION MEDICINE PROJECT 50,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    220 MONTGOMERY STREET 5TH FLR
    SAN FRANCISCO,CA94104     		NONE PUBLIC CHARITY VML UCSF DIABETES CTR GRADUATE STRUDENTS EDUC FUND 50,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    521 PARNASSUS AVENUE C-156 UCSF BOX
    0622
    SAN FRANCISCO,CA94143     		NONE PUBLIC CHARITY PHARMACY SCHOLARSHIP 10,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    521 PARNASSUS AVENUE C-156 UCSF BOX
    0622
    SAN FRANCISCO,CA94143     		NONE PUBLIC CHARITY EXCELLENCE IN TEACHING AWARD 10,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    521 PARNASSUS AVENUE C-156 UCSF BOX
    0622
    SAN FRANCISCO,CA94143     		NONE PUBLIC CHARITY MARY ANNE KODA-KIMBLE SEED AWARD FOR INNOVATION 333,334
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    BOX 45339
    SAN FRANCISCO,CA94145     		NONE PUBLIC CHARITY EPILEPSY ZEBRAFISH-BASED APPROACH TO PRECISION MEDICINE 557,000
    UNIVERSITY OF HAWAII FOUNDATION
    34 RAINBOW DRIVE
    HILO,HI96720     		NONE PUBLIC CHARITY PHARMACY SCHOLARSHIP 10,000
    UNIVERSITY OF HAWAII FOUNDATION
    2444 DOLE ST BACHMAN HALL 105
    HONOLULU,HI96822     		NONE PUBLIC CHARITY BUSINESS SCHOLARSHIP 10,000
    UNIVERSITY OF THE PACIFIC
    3601 PACIFIC AVENUE
    STOCKTON,CA95211     		NONE PUBLIC CHARITY PHARMACY SCHOLARSHIP 20,000
    WALNUT CREEK PRIDE FOUNDATION
    PO BOX 31156
    WALNUT CREEK,CA94598     		NONE PUBLIC CHARITY ALL ABILITIES PLAYGROUND AT HEATHER FARM PARK 12,500
    WESTERN RIVERS CONSERVANCY
    71 SW OAK STREET SUITE 100
    PORTLAND,OR97204     		NONE PUBLIC CHARITY BLUE CREEK SALMON SANCTUARY 40,000
    WILDCARE
    76 ALBERT PARK LANE
    SAN RAFAEL,CA94901     		NONE PUBLIC CHARITY CAPITAL CAMPAIGN 50,000
    WOMEN'S EMPOWERMENT
    1590 NORTH A STREET
    SACRAMENTO,CA95811     		NONE PUBLIC CHARITY HEALTH CARE FOR WOMEN & CHILDREN WHO ARE HOMELESS 10,000
    WOMEN'S THERAPY CENTER
    2105 MARTIN LUTHER KING JR WAY
    BERKELEY,CA94704     		NONE PUBLIC CHARITY WTC SENIOR WOMEN'S PROJECT 48,000
    YOSEMITE FOUNDATION
    101 MONTGOMERY ST 1700
    SAN FRANCISCO,CA94104     		NONE PUBLIC CHARITY TENAYA LAKE SUNRISE TRAIL & BOARDWALK 126,000
    YOUTH SPEAKS INC
    1663 MISSION STREET SUITE 604
    SAN FRANCISCO,CA94103     		NONE PUBLIC CHARITY BAY AREA INTEGRATED ARTS-IN-EDUCATION PROGRAMS 25,000
    Total .................................bullet 3a 4,538,331
    bApproved for future payment
    DUCKS UNLIMITED
    ONE WATERFOWL WAY
    MEMPHIS,TN38120     		NONE PUBLIC CHARITY RESTORE SAN FRANCISCO ESTUARY-SKAGGS ISLAND & SEARS POINT PROJECT 1,000,000
    TULEYOME
    607 NORTH STREET
    WOODLAND,CA95695     		NONE PUBLIC CHARITY LAND CONSERVATION & STEWARDSHIP FUND 100,000
    UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION (UCSF)
    BOX 45339
    SAN FRANCISCO,CA94145     		NONE PUBLIC CHARITY EPILEPSY ZEBRAFISH-BASED APPROACH TO PRECISION MEDICINE 943,000
    YOSEMITE FOUNDATION
    101 MONTGOMERY ST 1700
    SAN FRANCISCO,CA94104     		NONE PUBLIC CHARITY TENAYA LAKE SUNRISE TRAIL & BOARDWALK 126,000
    Total .................................bullet 3b 2,169,000
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 ............     		    14 660,211  
    4 Dividends and interest from securities....     14 3,019,119  
    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.....     14 1,276  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 3,330,613  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,011,219 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    137,011,219
    (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.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    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) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    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) of the Code (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 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 name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 38,715 0   38,715

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 0 0
    SEGALL 11,873,992 11,873,992
    WELLS FARGO ADVISORS 7,296,671 7,296,671

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB 54,263,857 54,263,857
    WELLS FARGO ADVISORS 8,404,323 8,404,323

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    890,648
    State & Local Government Securities - End of Year Fair Market Value:


    890,648


    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VENOCO FMV 12,891 12,891
    WELLS FARGO ADVISORS FMV 101,798 101,798
    SARATOGA FMV 6,839,111 6,839,111
    WEDGEWOOD FMV 8,596,034 8,596,034

    TY 2014 LegalFeesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,020 0   1,020


    TY 2014 OtherExpensesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EQUIPMENT RENTAL 2,948 0   2,948
    OFFICE EXPENSE 4,677 0   4,677
    MANAGEMENT FEES 205,529 205,529   0
    INVESTMENT EXPENSES 18,641 18,641   0
    INSURANCE 5,302 0   5,302
    DUES & SUBSCRIPTIONS 1,523 0   1,523


    TY 2014 OtherIncomeSchedule2
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME - ALTERNATIVE INVESTMENTS 1,276 1,276 1,276


    TY 2014 OtherIncreasesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL TAX LIABILITY 12,780 14,185
    DEFERRED FEDERAL EXCISE TAX LIABILITY 717,304 925,234


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 63,971 63,971   0


    TY 2014 TaxesSchedule
    Name:
    THE JOSEPH AND VERA LONG FOUNDATION
    EIN: 94-1643626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX 15,582 3,895   11,687
    FEDERAL EXCISE TAX 314,897 0   0