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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
WAYNE AND GLADYS VALLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1939 HARRISON STREET 510
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OAKLAND, CA946123532
A Employer identification number

95-3203014
B Telephone number (see instructions)

(510) 466-6060
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$270,742,115J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 68,611 68,611  
4 Dividends and interest from securities... 5,480,102 6,539,945  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,141,788
b Gross sales price for all assets on line 6a 317,566,037
7 Capital gain net income (from Part IV, line 2)... 6,736,843
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 298,742 76,174  
12 Total. Add lines 1 through 11........ 3,705,667 13,421,573  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 881,276 361,232   520,044
14 Other employee salaries and wages...... 50,192 25,029   25,028
15 Pension plans, employee benefits....... 309,785 130,110   179,675
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 62,418 37,451   24,967
c Other professional fees (attach schedule).... Click to see attachment 509,991 512,448   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...   5,314    
19 Depreciation (attach schedule) and depletion... Click to see attachment 362 0  
20 Occupancy.............. 147,778 47,289   100,489
21 Travel, conferences, and meetings....... 7,215 1,540   6,162
22 Printing and publications.......... 428 0   428
23 Other expenses (attach schedule)....... Click to see attachment 100,936 92,248   14,787
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,070,381 1,212,661   871,580
25 Contributions, gifts, grants paid....... 40,485,952 29,288,667
26 Total expenses and disbursements. Add lines 24 and 25 42,556,333 1,212,661   30,160,247
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -38,850,666
b Net investment income (if negative, enter -0-) 12,208,912
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 7,146,354 7,591,010 7,591,010
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) 187,449,213 Click to see attachment125,334,914 125,334,914
b Investments—corporate stock (attach schedule)....... 69,055,637 Click to see attachment46,612,784 46,612,784
c Investments—corporate bonds (attach schedule)....... 62,567,190 Click to see attachment87,128,763 87,128,763
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,699,938 Click to see attachment2,894,509 2,894,509
14 Land, buildings, and equipment: basis bullet288,310
Less: accumulated depreciation (attach schedule) bullet288,129 543 Click to see attachment181 181
15 Other assets (describe bullet) Click to see attachment805,280 Click to see attachment1,179,954 Click to see attachment1,179,954
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 331,724,155 270,742,115 270,742,115
Liabilities 17 Accounts payable and accrued expenses.......... 174,881 155,944
18 Grants payable................. 167,380,001 176,052,286
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 attachment720,895 Click to see attachment139,450
23 Total liabilities (add lines 17 through 22)......... 168,275,777 176,347,680
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 163,448,378 94,394,435
29 Total net assets or fund balances (see instructions)..... 163,448,378 94,394,435
30 Total liabilities and net assets/fund balances (see instructions). 331,724,155 270,742,115
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
163,448,378
2
Enter amount from Part I, line 27a .....................
2
-38,850,666
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,525,000
4
Add lines 1, 2, and 3 ..........................
4
127,122,712
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
32,728,277
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
94,394,435
Form 990-PF (2021)
Form 990-PF (2021)
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 PUBLICLY TRADED INVESTMENTS P 2020-01-01 2022-09-30
b PARTNERSHIP INVESTMENT K-1 PASS THRU ST P 2021-01-01 2022-09-30
c PARTNERSHIP INVESTMENT K-1 PASS THRU LT P 2020-01-01 2022-09-30
d
e
(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 308,687,406   310,829,194 -2,141,788
b 64,816     64,816
c 8,813,815     8,813,815
d
e
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       -2,141,788
b       64,816
c       8,813,815
d
e
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 6,736,843
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 169,704
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- ..... 5 169,704
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 502,251
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 502,251
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10 332,547
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet332,547 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletRICHARD M KINGSLAND Telephone no.bullet (510) 466-6060

    Located atbullet1939 HARRISON STREET SUITE 510OAKLANDCA ZIP+4bullet946123532
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    TAMARA A VALLEY CHAIR/PRESIDENT
    10.00     		37,000 0 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    BARBARA B LASALLE DIRECTOR
    10.00     		37,000 0 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    JOHN V STOCK DIRECTOR
    10.00     		37,000 0 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    MICHAEL D DESLER EXECUTIVE DIRECTOR
    40.00     		398,536 111,459 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    RICHARD M KINGSLAND DIRECTOR/CFO/VICE PRES.
    40.00     		273,879 83,916 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    CAROLYN A WORTH SECRETARY/ASST. VICE PRES.
    40.00     		97,861 35,030 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    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
    CHERYL HOPKINS GRANTS MANAGER
    24.00     		50,058 34,472 0
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA94612
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    DODGE & COX INCORPORATED INVESTMENT MANAGER 383,420
    555 CALIFORNIA STREET 40TH FLOOR
    SAN FRANCISCO,CA941041501
    CAMBRIDGE ASSOCIATES INVESTMENT ADVISOR 80,813
    PO BOX 412015
    BOSTON,MA022412015
    MARCUM LLP AUDIT/TAX 62,418
    1 MONTGOMERY STREET STE 1700
    SAN FRANCISCO,CA94104
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    274,938,441
    b
    Average of monthly cash balances.......................
    1b
    10,926,509
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    285,864,950
    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
    285,864,950
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,287,974
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    281,576,976
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    14,078,849
    Part X
    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 IX, line 6..................
    1
    14,078,849
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    169,704
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    169,704
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,909,145
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    13,909,145
    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 XII, line 1 ...
    7
    13,909,145
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 13,909,145
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 7,260,977
    b From 2017...... 40,132,399
    c From 2018...... 26,850,537
    d From 2019...... 16,641,165
    e From 2020...... 28,320,869
    f Total of lines 3a through e ........ 119,205,947
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 30,160,247
    a Applied to 2020, but not more than line 2a 0
    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 2021 distributable amount..... 13,909,145
    e Remaining amount distributed out of corpus 16,251,102
    5 Excess distributions carryover applied to 2021. 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 5 135,457,049
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    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
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		7,260,977
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		128,196,072
    10 Analysis of line 9:
    a Excess from 2017.... 40,132,399
    b Excess from 2018.... 26,850,537
    c Excess from 2019.... 16,641,165
    d Excess from 2020.... 28,320,869
    e Excess from 2021.... 16,251,102
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 e-mail address of the person to whom applications should be addressed:
    MR MICHAEL DESLER EXECUTIVE DIRECTO
    1939 HARRISON STREET SUITE 510
    OAKLAND,CA946123532
    (510) 466-6060
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD INDICATE THE HISTORY OF THE ORGANIZATION'S EDUCATIONAL, RELIGIOUS, OR CHARITABLE PURPOSE AND INCLUDE THE PRIMARY AND/OR PURPOSE FOR WHICH THE GRANTS WILL BE USED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE - PRIMARY CONSIDERATION IS GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING THE EAST BAY AREA OF SAN FRANCISCO.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    BAY AREA RESCUE MISSION
    2114 MACDONALD AVENUE
    RICHMOND,CA94802     		  PUBLIC CHARITY CONSTRUCTION OF THE BRIDGE OF HOPE CENTER FOR WOMEN AND CHILDREN 250,000
    BERKELEY FOOD AND HOUSING PROJECT
    1901 FAIRVIEW STREET
    BERKELEY,CA94703     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    BISHOP O'DOWD HIGH SCHOOL
    9600 STEARNS AVENUE
    OAKLAND,CA94605     		  PUBLIC CHARITY CONSTRUCTION OF A NEW ATHLETIC CENTER 13,333,334
    BUILDING FUTURES WITH WOMEN & CHILDREN CORNERSTONE COMMUNITY DEVELOPMENT
    1395 BANCROFT AVENUE SUITE 13
    BERKELEY,CA94577     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    CALIFORNIA CROSSPOINT ACADEMY
    25500 INDUSTRIAL BOULEVARD
    HAYWARD,CA94556     		  PUBLIC CHARITY CONSTRUCTION OF THE GYMNASIUM/EVENT CENTER 500,000
    CARDINAL NEWMAN HIGH SCHOOL
    50 URSULINE ROAD
    SANTA ROSA,CA94503     		  PUBLIC CHARITY CONSTRUCTION OF A TWO-STORY CLASSROOM AND STUDENT UNION/LIBRARY. 3,666,666
    CATHOLIC CHARITIES OF THE DIOCESE OF OAKLAND
    433 JEFFERSON STREET
    OAKLAND,CA94607     		  PUBLIC CHARITY GENERAL OPERATING BUDGET SUPPORT 75,000
    COLLEGE PREPARATORY SCHOOL
    6100 BROADWAY
    OAKLAND,CA946181824     		  PUBLIC CHARITY REBUILDING AND EXPANDING CLASSROOMS AND SPACES 2,666,667
    DAVIS STREET COMMUNITY CENTER (WAS FAMILY RESOURCE CENTER)
    3081 TEAGARDEN STREET
    SAN LEANDRO,CA94577     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 "SHARE THE SPIRIT" PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    DOWN SYNDROME CONNECTION OF THE BAY AREA
    101-J TOWN AND COUNTRY DRIVE
    DANVILLE,CA94526     		  PUBLIC CHARITY BUDGET SUPPORT FOR THE THREE FYE 12/31/2019-2021 50,000
    EARLY ALERT CANINES
    1641 CHALLENGE DR 300
    CONCORD,CA94520     		  PUBLIC CHARITY BUDGET SUPPORT 25,000
    EAST BAY CENTER FOR THE PERFORMING ARTS
    339 ELEVENTH STREET
    RICHMOND,CA94801     		  PUBLIC CHARITY GENERAL OPERATING BUDGET SUPPORT FOR THE FYE 6/30/2022 10,000
    EAST OAKLAND YOUTH DEVELOPMENT
    8200 INTERNATIONAL BLVD
    OAKLAND,CA94621     		  PUBLIC CHARITY BUDGET SUPPORT 20,000
    FAMILY AID-CATHOLIC EDUCATION (FACE)
    2121 HARRISON STREET
    OAKLAND,CA94612     		  PUBLIC CHARITY BUDGET SUPPORT FOR THE TUITION ASSISTANCE PROGRAM 100,000
    GARY SINISE FOUNDATION
    SAN DIEGO CHAPTER PO BOX 368
    WOODLAND HILLS,CA91365     		  PUBLIC CHARITY PROGRAM SUPPORT FOR OPERATIONS IN CALIFORNIA 20,000
    GRIDLEY MUSEUM CORPORATION
    601 KENTUCKY STREET
    GRIDLEY,CA95948     		  PUBLIC CHARITY GENERAL OPERATING BUDGET 50,000
    HANDS OF HOPE
    PO BOX 88
    YUBA CITY,CA95992     		  PUBLIC CHARITY GENERAL OPERATING BUDGET 30,000
    HOME CAM
    13636 VENTURA BLVD 474
    SHERMAN OAKS,CA91423     		  PUBLIC CHARITY GENERAL SUPPORT 10,000
    HOPE HOSPICE INCE
    6377 CLARK AVENUE SUITE 100
    DUBLIN,CA945683024     		  PUBLIC CHARITY GENERAL SUPPORT 60,000
    MAGDALENA ECKE FAMILY YMCA
    200 SAXONY ROAD
    ENCINITAS,CA92024     		  PUBLIC CHARITY GENERAL SUPPORT FOR THE MAGALENA ECKE SKATE PARK (TAV) 5,000
    MARINE MAMMAL CENTER
    2000 BUNKER RD FORT CRONKIHTE
    SAUSALITO,CA94965     		  PUBLIC CHARITY THE WORKSPACE RENOVATION PROJECT 250,000
    MARINE TOYS FOR TOTS FOUNDATION
    3225 WILLOW PASS ROAD
    CONCORD,CA94519     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAM IN ALAMEDA AND CONTRA COSTA COUNTIES. 25,000
    MERCY RETIREMENT AND CARE CENTER
    3431 FOOTHILL BOULEVARD
    OAKLAND,CA94601     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    NORTHERN CALIFORNIA PGA FOUNDATION
    411 DAVIS STREET SUITE 103
    VACAVILLE,CA95688     		  PUBLIC CHARITY BUDGET SUPPPORT FOR THE 2021 PGA HOPE 100,000
    OAKLAND ELIZABETH HOUSE
    6423 COLBY STREET
    OAKLAND,CA94618     		  PUBLIC CHARITY GENERAL OPEARTING BUDGET SUPPORT 15,000
    OAKLAND SOCCER CLUB
    PO BOX 27546
    OAKLAND,CA94602     		  PUBLIC CHARITY GENERAL SUPPORT 20,000
    OREGON STATE UNIVERSITY FOUNDATION
    850 SW 35TH STREET
    CORVALLIS,OR97333     		  PUBLIC CHARITY GENERAL SUPPORT 2,275,000
    SALESIAN COLLEGE PREPARATORY
    2851 SALESIAN AVENUE
    RICHMOND,CA94804     		  PUBLIC CHARITY GENERAL SUPPORT 112,000
    SALVATION ARMY - ALAMEDA COUNTY COMMAND
    PO BOX 2058
    SAN LEANDRO,CA94577     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS AND 2021 COVID RELATED EXPENSES FOR THE NEEDY IN THE EAST BAY. 25,000
    SAN JOSE MERCURY NEWS WISH BOOK FUND
    75 E SANTA CLARA ST SUITE 1100
    SAN JOSE,CA95113     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    SOCIETY OF ST VINCENT DE PAUL OF ALAMEDA COUNTY
    2272 SAN PABLO AVENUE
    OAKLAND,CA94612     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS AND 2020 COVID RELATED EXPENSES FOR THE NEEDY IN THE EAST BAY. 25,000
    SOCIETY OF ST VINCENT DE PAUL OF CONTRA COSTA COUNTY
    2210 GLADSTONE DRIVE
    PITTSBURG,CA94565     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    ST AUGUSTINE HIGH SCHOOL
    3266 NUTMEG STREET
    SAN DIEGO,CA92104     		  PUBLIC CHARITY SUPPORT FOR FOOD SERVICES DURING THE COVID-19 CRISIS 5,000
    ST ELIZABETH ELEMENTARY SCHOOL
    1516 33RD AVE
    OAKLAND,CA94601     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    ST MARY'S CENTER
    925 BROCKHURST STREET
    OAKLAND,CA94603     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2020 PROGRAMS FOR THE NEEDY IN THE EAST BAY RUN BY ST. MARY'S CENTER AND A FRIENDLY MANOR. 50,000
    ST VINCENT DE PAUL VILLAGE
    3350 E STREET
    SAN DIEGO,CA92102     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2022 PROGRAMS FOR THE NEEDY IN THE SAN DIEGO AREA. 25,000
    UC DAVIS FOUNDATION
    ONE SHIELDS AVENUE
    DAVIS,CA95616     		  PUBLIC CHARITY CONSTRUCTION OF THE ALL SPECIES IMAGING CENTER AND THE EQUIRE PERFORMANCE CENTER 5,000,000
    UCSF BENIOFF'S CHILDREN'S HOSPITAL & RESEARCH FOUNDATION
    LOCKBOX 45339
    SAN FRANCISCO,CA941450339     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    UCSF FOUNDATION
    10 KORET WAY K 301
    SAN FRANCISCO,CA941430730     		  PUBLIC CHARITY ESTABLISHMENT OF THE UCSF CENTER FOR VISION NEUROSCIENCE AT MISSION BAY 250,000
    USO
    2111 WILSON BLVD SUITE 1200
    ARLINGTON,VA22201     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR US TROOPS AND THEIR FAMILIES 25,000
    WEINGARTEN CHILDREN'S CENTER
    3518 JEFFERSON AVENUE
    REDWOOD CITY,CA94062     		  PUBLIC CHARITY BUDGET SUPPORT FOR 2021/22 ACADEMIC AND THERAPEUTIC PROGRAMS FOR EAST BAY YOUTH WHO ARE DEAF OR HARD OF HEARING 15,000
    Total .................................bullet 3a 29,288,667
    bApproved for future payment
    ALAMEDA COUNTY DEPUTY SHERIFF'S ACTIVITIES LEAGUE
    16378 E 14TH STREET
    SAN LEANDRO,CA94578     		  PUBLIC CHARITY CONSTRUCTION AND EQUIPPING OF A FITNESS PARK IN THE CHERRYLAND AREA OF ALAMEDA COUNTY 750,000
    BAY AREA SCORES
    1460 MISSION STREET
    SAN FRANCISCO,CA94103     		  PUBLIC CHARITY GENERAL SUPPORT 50,000
    BELLARMINE COLLEGE PREPARATORY
    960 W HEDDING STREET
    SAN JOSE,CA95126     		  PUBLIC CHARITY GENERAL SUPPORT 12,000,000
    BERKELEY CHESS SCHOOL
    1845 BERKELEY WAY
    BERKELEY,CA94703     		  PUBLIC CHARITY INSTALLATION OF A LIFT FOR ADA ACCESS AT THE SAM PABLO AVE FACILITY 60,000
    BERKELEY FOOD AND HOUSING PROJECT
    1901 FAIRVIEW STREET
    BERKELEY,CA94703     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    BUILDING FUTURES WITH WOMEN & CHILDREN CORNERSTONE COMMUNITY DEVELOPMENT
    1395 BANCROFT AVENUE SUITE 13
    BERKELEY,CA94577     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    CAL STATE EAST BAY EDUCATIONAL
    25800 CARLOS BEE BOULEVARD
    HAYWARD,CA94542     		  PUBLIC CHARITY CONSTRUCTION OF THE APPLIED SCIENCES CENTER 15,000,000
    CARDINAL NEWMAN HIGH SCHOOL
    50 URSULINE ROAD
    SANTA ROSA,CA94503     		  PUBLIC CHARITY CONSTRUCTION OF A TWO-STORY CLASSROOM AND STUDENT UNION/LIBRARY. 7,333,334
    CHARTER SCHOOL OF MORGAN HILL
    9530 MONTEREY ROAD
    MORGAN HILL,CA950379356     		  PUBLIC CHARITY CONSTRUCTION OF AN AGRICULTURAL SCIENCE LEARNING LAB 300,000
    DAVIS STREET COMMUNITY CENTER (WAS FAMILY RESOURCE CENTER)
    3081 TEAGARDEN STREET
    SAN LEANDRO,CA94577     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    DENTIST ON WHEELS
    2210 GLADSTONE DRIVE
    PITTSBURG,CA94565     		  PUBLIC CHARITY BUDGET SUPPORT 15,952
    DIOCESE OF OAKLAND -CYO
    2121 HARRISON STREET SUITE 100
    OAKLAND,CA94612     		  PUBLIC CHARITY RENOVATION OF ADDITIONAL DIOCESAN GYMNASIUMS 3,000,000
    DOWN SYNDROME CONNECTION OF THE BAY AREA
    101-J TOWN AND COUNTRY DRIVE
    DANVILLE,CA94526     		  PUBLIC CHARITY GENERAL OPERATING BUDGET SUPPORT FOR THE THREE FYR 12/31/2019-2021 100,000
    FOUNDATION FOR STUDENTS RISING ABOVE
    PO BOX 192492
    SAN FRANCISCO,CA941192492     		  PUBLIC CHARITY BUDGET SUPPORT 200,000
    GIRLS INC OF ALAMEDA COUNTY
    510 16TH STREET
    OAKLAND,CA94612     		  PUBLIC CHARITY CAPITAL IMPROVEMENTS FOR THE SIMPSON CENTER FOR GIRLS 100,000
    HABITOT CHILDREN'S MUSEUM
    1563 SOLANO AVE PMB 326
    BERKELEY,CA94707     		  PUBLIC CHARITY COMPLETION OF RENOVATIONS OF THE "NEW PLACE TO GROW' MUSEUM 500,000
    HANDS OF HOPE
    PO BOX 88
    YUBA CITY,CA95992     		  PUBLIC CHARITY GENERAL OPERATING BUDGET 30,000
    HEAD-ROYCE SCHOOL
    4315 LINCOLN AVENUE
    OAKLAND,CA94602     		  PUBLIC CHARITY RENOVATION OF THE ACILITIES AT THE LINCOLN CHILD CENTER SITE(LIMITED TO THE TWO STEM BUILDINGS 5,000,000
    LUCILE PACKARD FOUDNATION FOR CHILDREN
    400 HAMILTON AVE 340
    PALO ALTO,CA94301     		  PUBLIC CHARITY GENERAL SUPPORT 250,000
    MARINE TOYS FOR TOTS FOUNDATION
    3225 WILLOW PASS ROAD
    CONCORD,CA94519     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN ALAMEDA AND CONTRA COSTA COUNTIES 25,000
    MERCY RETIREMENT AND CARE CENTER
    3431 FOOTHILL BOULEVARD
    OAKLAND,CA94601     		  PUBLIC CHARITY THE MERCY REVITALIZATION PROJECT TO UPGRADE FACILITIES 25,000
    MONTEREY BAY AQUARIUM RESEARCH INSTITUTE
    7700 SANDHOLDT ROAD
    MOSS LANDING,CA95039     		  PUBLIC CHARITY GENERAL SUPPORT 2,500,000
    OAKLAND CATHOLIC WORKERS
    4848 INTERNATIONAL BLVD
    OAKLAND,CA94601     		  PUBLIC CHARITY GENERAL SUPPORT 30,000
    ORAL LEE BROWN FOUNDATION
    9901 MACARTHUR BLVD
    OAKLAND,CA94605     		  PUBLIC CHARITY GENERAL OPERATING EXPENSES 30,000
    ORDER OF MALTA
    2121 HARRISON STREET 120
    OAKLAND,CA94612     		  PUBLIC CHARITY GENERAL SUPPORT 250,000
    OREGON STATE UNIVERSITY FOUNDATION
    850 SW 35TH STREET
    CORVALLIS,CA97333     		  PUBLIC CHARITY PHASE I OF THE RENOVATION AND EXPANSION OF THE P. WAYNE VALLEY SPORTS LEADERSHIP CENTER 52,500,000
    SAINT PATRICK PARISH
    4101 NORBECK ROAD
    ROCKVILLE,MD20853     		  PUBLIC CHARITY GENERAL SUPPORT 750,000
    SALESIAN COLLEGE PREPARATORY
    2851 SALESIAN AVENUE
    RICHMOND,CA94804     		  PUBLIC CHARITY CONSTRUCTION OF A NEW GYMNASIUM 6,313,000
    SALK INSITUTE FOR BIOLOGICAL STUDIES
    10010 N TORREY PINES ROAD
    LA JOLLA,CA92037     		  PUBLIC CHARITY GENERAL SUPPORT 10,000,000
    SALVATION ARMY - ALAMEDA COUNTY COMMAND
    PO BOX 18740
    OAKLAND,CA94619     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    SAN FRANCISCO STATE UNIVERSITY
    1600 HOLLOWAY AVE
    SAN FRANCISCO,CA94132     		  PUBLIC CHARITY GENERAL SUPPORT 5,000,000
    SAN FRANCISCO ZOOLOGICAL SOCIETY
    1960 GRANT AVENUE 17
    SAN FRANCISCO,CA94133     		  PUBLIC CHARITY EXPANSION OF THE EQUINE THERAPY PROGRAM, TO INCLUDE SITE IMPROVEMENTS AT THE ZOO 50,000
    SAN JOSE MERCURY NEWS WISH BOOK FUND
    75 E SANTA CLARA ST SUITE 1100
    SAN JOSE,CA95113     		  PUBLIC CHARITY GENERAL SUPPORT 25,000
    SCHRINERS HOSPITAL FOR CHILDREN NORTHERN CALIFORNIA
    2425 STOCKTON BOULEVARD
    SACRAMENTO,CA95817     		  PUBLIC CHARITY DEVELOPMENT OF NURSING CARE UNITS AND THE SURGICAL/OPERATING SUITE 3,750,000
    SOCIETY OF ST VINCENT DE PAUL OF ALAMEDA COUNTY
    2272 SAN PABLO AVENUE
    OAKLAND,CA94612     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    SOCIETY OF ST VINCENT DE PAUL OF CONTRA COSTA COUNTY
    2210 GLADSTONE DRIVE
    PITTSBURG,CA94565     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    ST JAMES THE APOSTLE CATHOLIC CHURCH
    34700 FREMONT BLVD
    FREMONT,CA94555     		  PUBLIC CHARITY CONSTRUCTION OF A NEW CHURCH 1,000,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    4301 FAIRFAX DR SUITE 200
    ARLINGTON,VA22203     		  PUBLIC CHARITY GENERAL SUPPORT 3,000,000
    ST MARY'S CENTER
    925 BROCKHURST STREET
    OAKLAND,CA94608     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS AND 2021 COVID RELATED EXPENSES FOR THE NEEDY IN THE EAST BAY. 50,000
    ST VINCENT DE PAUL VILLAGE
    3350 E STREET
    SAN DIEGO,CA921023332     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE SAN DIEGO AREA. 25,000
    THE HIDDEN GENIUS PROJECT
    1441 FRANKLIN STREET FOURTH FLOOR
    OAKLAND,CA94612     		  PUBLIC CHARITY GENERAL SUPPORT 400,000
    THE NEPHROTIC SYNDROME FOUNDATION
    325 MARKS ROAD
    ALAMO,CA94507     		  PUBLIC CHARITY GENERAL SUPPORT 15,000
    THE TRUST FOR PUBLIC LAND
    101 MONTGOMERY STREET SUITE 900
    SAN FRANCISCO,CA94194     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF THE PLAYGROUNDS IN OAKLAND PUBLIC SCHOOLS 200,000
    UC DAVIS FOUNDATION
    ONE SHIELDS AVENUE
    DAVIS,CA95616     		  PUBLIC CHARITY CONSTRUCTION OF THE ALL SPECIES IMAGING CENTER AND THE EQUIRE PERFORMANCE CENTER 45,000,000
    UCSF BENIOFF'S CHILDREN'S HOSPITAL FOUNDATION
    LOCKBOX 45339
    SAN FRANCISCO,CA941450339     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE NEEDY IN THE EAST BAY. 25,000
    USO
    2111 WILSON BLVD SUITE 1200
    ARLINGTON,CA22201     		  PUBLIC CHARITY BUDGET SUPPORT FOR CHRISTMAS 2021 PROGRAMS FOR THE US TROOPS AND THEIR FAMILIES. 25,000
    WEST COAST EQUINE FOUNDATION
    7200 LONE PINE DR
    RANCHO MURIETA,CA95683     		  PUBLIC CHARITY GENERAL SUPPORT 5,000
    WEST COUNTY ADULT DAY CAREALZHEIMERS RESPITE CENTER
    1015 NEVIN AVENUE SUITE 108
    RICHMOND,CA94801     		  PUBLIC CHARITY GENERAL OPERATING BUDGET 20,000
    YOUTH EMLOYMENT PARTNERSHIP
    2300 INTERNATIONAL BOULEVARD
    OAKLAND,CA94601     		  PUBLIC CHARITY PURCHASE AND RENOVATION OF YEP'S SUPPORTIVE HOUSING DORMITORY 200,000
    Total .................................bullet 3b 176,052,286
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 68,611  
    4 Dividends and interest from securities ....          
    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 -2,141,788  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEXCISE TAX BENEFIT     		        298,742
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 3,406,925 298,742
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,705,667
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11A EXCISE TAX BENEFIT
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 62,418 37,451   24,967

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE 2013-01-01 86,226 86,226 200DB 7.000000000000 0 0    
    FURNITURE 2013-01-01 46,254 46,254 200DB 7.000000000000 0 0    
    FURNITURE 2013-01-01 3,117 3,117 200DB 7.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2009-01-01 58,692 58,692 200DB 10.000000000000 0 0    
    PROPERTY, PLANT & EQUIPMENT 2014-01-01 2,498 2,498 200DB 5.000000000000 0 0    
    PROPERTY, PLANT & EQUIPMENT 2014-01-01 330 330 200DB 5.000000000000 0 0    
    PROPERTY, PLANT & EQUIPMENT 2014-01-01 1,006 1,006 200DB 5.000000000000 0 0    
    WALL HANGINGS/ART WORK 2014-01-01 38,828 38,828 200DB 5.000000000000 0 0    
    WALL HANGINGS/ART WORK 2014-01-01 1,775 1,775 200DB 5.000000000000 0 0    
    PROPERTY, PLANT & EQUIPMENT 2014-01-01 11,305 11,305 200DB 5.000000000000 0 0    
    PROPERTY, PLANT & EQUIPMENT 2014-01-01 36,467 35,923 200DB 5.000000000000 0 0    
    PROPERTY, PLANT & EQUIPMENT 2014-01-01 1,812 1,812 200DB 5.000000000000 0 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 87,128,763 87,128,763

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 46,612,784 46,612,784

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    US Government Securities - End of Year Book Value:

    125,334,914
    US Government Securities - End of Year Fair Market Value:

    125,334,914
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 2,894,509 2,894,509

    TY 2021 LandEtcSchedule2
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE 86,226 86,226 0  
    FURNITURE 46,254 46,254 0  
    FURNITURE 3,117 3,117 0  
    LEASEHOLD IMPROVEMENTS 58,692 58,692 0  
    PROPERTY, PLANT & EQUIPMENT 2,498 2,498 0  
    PROPERTY, PLANT & EQUIPMENT 330 330 0  
    PROPERTY, PLANT & EQUIPMENT 1,006 1,006 0  
    WALL HANGINGS/ART WORK 38,828 38,828 0  
    WALL HANGINGS/ART WORK 1,775 1,775 0  
    PROPERTY, PLANT & EQUIPMENT 11,305 11,305 0  
    PROPERTY, PLANT & EQUIPMENT 36,467 35,923 544  
    PROPERTY, PLANT & EQUIPMENT 1,812 1,812 0  


    TY 2021 OtherAssetsSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 805,280 848,818 848,818
    FEDERAL EXCISE TAX RECEIVABLE 0 331,136 331,136


    TY 2021 OtherDecreasesSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 32,728,277


    TY 2021 OtherExpensesSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 26,786 18,098   14,787
    INSURANCE 55,398 55,398   0
    BANK FEES 18,752 18,752   0


    TY 2021 OtherIncomeSchedule2
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INVESTMENT INCOME   76,174  
    EXCISE TAX BENEFIT 298,742   298,742


    TY 2021 OtherIncreasesSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description Amount
    REDUCTION IN PRIOR YEAR GRANTS PAYABLE 2,525,000


    TY 2021 OtherLiabilitiesSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 126,895 0
    DEFERRED FEDERAL EXCISE TAX 594,000 139,450


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    WAYNE AND GLADYS VALLEY FOUNDATION
    EIN:
    95-3203014
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 462,049 462,049   0
    INVESTMENT FEES-PARTNERSHIP INVESTMENT K-1 PASS THRU 0 2,457   0
    CUSTODIAL FEES 47,942 47,942   0