Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
Stanford University |
941156365 | 2 | Yes | 2,350,921 | 0 | |
|
Total 1
|
2,350,921 | 0 | ||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | 428,985 | 23,274 | ||
| 2 | Recoveries of prior-year distributions | 2 | 0 | |||
| 3 | Other gross income (see instructions) | 3 | 1,580,313 | 1,219,246 | ||
| 4 | Add lines 1 through 3 | 4 | 2,009,298 | 1,242,520 | ||
| 5 | Depreciation and depletion | 5 | 0 | |||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | 148,611 | 148,351 | ||
| 7 | Other expenses (see instructions) | 7 | 26,712 | 30,769 | ||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | 1,833,975 | 1,063,400 | ||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | 52,014,646 | 47,130,522 | ||
| b | Average monthly cash balances | 1b | 1,162,241 | 780,124 | ||
| c | Fair market value of other non-exempt-use assets | 1c | 0 | |||
| d | Total (add lines 1a, 1b, and 1c) | 1d | 53,176,887 | 47,910,646 | ||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): 0 |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | 0 | |||
| 3 | Subtract line 2 from line 1d | 3 | 53,176,887 | 47,910,646 | ||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | 797,653 | 718,660 | ||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | 52,379,234 | 47,191,986 | ||
| 6 | Multiply line 5 by 0.035 | 6 | 1,833,273 | 1,651,720 | ||
| 7 | Recoveries of prior-year distributions | 7 | 0 | |||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | 1,833,273 | 1,651,720 | ||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | 1,833,975 | |||
| 2 | Enter 85% of line 1 | 2 | 1,558,879 | |||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | 1,833,273 | |||
| 4 | Enter greater of line 2 or line 3 | 4 | 1,833,273 | |||
| 5 | Income tax imposed in prior year | 5 | 0 | |||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | 1,833,273 | |||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | 2,350,921 |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | 0 |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | 75,190 |
| 4 Amounts paid to acquire exempt-use assets | 4 | 0 |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | 0 |
| 6 Other distributions (describe in Part VI). See instructions | 6 | 0 |
| 7Total annual distributions. Add lines 1 through 6. | 7 | 2,426,111 |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | 2,350,921 |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | 1,833,273 |
| 10 Line 8 amount divided by Line 9 amount | 10 | 100 % |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | 1,833,273 | |||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
0 | |||
| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017.......0 | ||||
| b From 2018.......0 | ||||
| c From 2019.......1,533,972 | ||||
| d From 2020.......2,468,891 | ||||
| e From 2021.......2,924,334 | ||||
| fTotal of lines 3a through e | 6,927,197 | |||
| g Applied to underdistributions of prior years | 0 | |||
| h Applied to 2022 distributable amount | 1,833,273 | |||
|
i
Carryover from 2017 not applied (see instructions) |
0 | |||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | 5,093,924 | |||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ 2,426,111 | ||||
| a Applied to underdistributions of prior years | 0 | |||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | 2,426,111 | |||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
0 | |||
|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
0 | |||
|
7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
7,520,035 | |||
| 8 Breakdown of line 7: | ||||
| a Excess from 2018.....0 | ||||
| b Excess from 2019.....0 | ||||
| c Excess from 2020.....2,169,590 | ||||
| d Excess from 2021.....2,924,334 | ||||
| e Excess from 2022.....2,426,111 | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 2 | THE ORGANIZATION (TRUST) MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION (STANFORD) THROUGHOUT THE YEAR. WE PROVIDE TO STANFORD AN EXTENSIVE PERFORMANCE REVIEW OF THE TRUST, BOTH WRITTEN AS WELL AS OFFERING A QUARTERLY CONFERENCE CALL TO REVIEW THE TRUST ASSET ALLOCATION, OBJECTIVE, INVESTMENTS, PERFORMANCE, OUR MARKET OUTLOOK AND STRATEGY. |
| FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 2 (CON'T) | THE TRUSTEE ALSO REVIEWS THE ADMINISTRATIVE PROVISIONS OF THE TRUST INCLUDING FUTURE DISTRIBUTIONS. THE DIALOGUE IS TWO-WAY AS THE TRUSTEE ENCOURAGE STANFORD TO SHARE WITH THE TRUSTEE THEIR THOUGHTS ABOUT THE MARKETS, THE PORTFOLIOS INVESTMENTS, PERFORMANCE, ASSET ALLOCATION AND RISK. |
| FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 2 (CON'T) | IN ADDITION, THE TRUSTEE WELCOMES FEEDBACK REGARDING WHETHER THE CURRENT ACCOUNT AND DISTRIBUTIONS ARE MEETING THE NEEDS OF STANFORD. THE TRUSTEE REQUESTS THAT STANFORD SUPPLY AN ANNUAL EXPENDITURE REPORT AS TO THE EXPENDITURE OF FUNDS FROM THE TRUST. THE TRUSTEE ALSO PROVIDES STANFORD WITH THE OPPORTUNITY TO JOIN MARKET CALLS REGARDING THE TRUSTEES OUTLOOK AND STRATEGY FOR THE MARKETS. |
| FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 | THE TRUSTEE ENGAGES IN OPEN AND COLLABORATIVE DISCUSSION AS TO THE INVESTMENTS AND INCOME FROM THE TRUST. THIS DISCUSSION IS GENERALLY QUARTERLY AT THE CONVENIENCE OF THE SUPPORTED ORGANIZATION AND IS WITH REPRESENTATIVE(S) FROM STANFORD MANAGEMENT COMPANY WHO ARE RESPONSIBLE FOR THE INVESTMENT AND MANAGEMENT OF STANFORD UNIVERSITYS ENDOWMENT AND OTHER FINANCIAL ASSETS. |
| FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 (CON'T) | THESE CALLS ARE ROBUST AND GIVE STANDFORD MORE INFORMATION REGARDING OUR OVERALL STRATEGY IN LIGHT OF CURRENT MARKET EVENTS OR DISLOCATIONS.THE TRUSTEE ENGAGES IN OPEN AND COLLABORATIVE DISCUSSION AS TO THE INVESTMENTS AND INCOME FROM THE TRUST. |
| FORM 990, SCHEDULE A, PART IV, SECTION D, LINE 3 | IN ADDITION TO A SIGNIFICANT VOICE WITH RESPECT TO INVESTMENTS, THE SUPPORTED ORGANIZATION SOLELY CHOOSES HOW TO SPEND THE DISTRIBUTIONS FROM THE TRUST, IN ACCORDANCE WITH THE GOVERNING INSTRUMENT. STANFORD HAS DESIGNED PROGRAMS THAT BEST MEET THE NEEDS OF THEIR ORGANIZATION, SELECTING FACULTY AND SCHOLARSHIP RECIPIENTS TO CARRY OUT THE MISSION AND INTENT OF THE TRUST. |
| FORM 990, SCHEDULE A, PART V, LINE 8 | THE ORGANIZATION IS A TRUST FUND THAT DISBURSES FUNDS ONLY TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUSTS GOVERNING INSTRUMENT TO BE USED ONLY IN ACCORDANCE WITH THE GOVERNING INSTRUMENT. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4a CONT. | FOR STANFORD FISCAL YEAR 2022 TO 2023, THE UNIVERSITY ALLOCATED $800,000 FROM THE DUDLEY CHAMBERS TRUST DISTRIBUTIONS TO CONTRIBUTE $100,000 TOWARD THE SALARY OF EACH OF EIGHT MEMBERS OF THE FACULTY. AS DESCRIBED IN THE EXPENDITURE REPORT, FOUR OF THESE FACULTY MEMBERS HAVE APPOINTMENTS IN THE SCHOOL OF ENGINEERING (CHAMBERS SCHOLARS) AND FOUR HAVE APPOINTMENTS IN THE SCHOOL OF HUMANITIES AND SCIENCES (CHAMBERS FELLOWS). |
| FORM 990, PART III, LINE 4a CONT. | EACH OF THE CHAMBERS FELLOWS AND SCHOLARS WAS AN ASSOCIATE PROFESSOR DURING THE 2022 TO 2023 ACADEMIC YEAR. NONE OF THE CHAMBERS FELLOWS AND SCHOLARS CURRENTLY HOLDS AN ENDOWED CHAIR, SO THE SUPPORT PROVIDED BY THE DUDLEY CHAMBERS TRUST IS ESPECIALLY VALUABLE FOR THESE PROFESSORS. STANFORD UNIVERSITY BENEFITS GREATLY FROM THE TEACHING AND RESEARCH WORK PERFORMED BY THE CHAMBERS FELLOWS AND SCHOLARS. |
| FORM 990, PART III, LINE 4a CONT. | TEACHING RESPONSIBILITIES FOR THE EIGHT PROFESSORS VARY BUT, AS AN EXAMPLE, THE CHAMBERS SCHOLARS IN THE SCHOOL OF ENGINEERING TAUGHT A TOTAL OF 604 STUDENTS IN ACADEMIC YEAR 2022 TO 2023: AN AVERAGE OF 151 STUDENTS PER FACULTY MEMBER. THE CHAMBERS FELLOWS IN THE SCHOOL OF HUMANITIES AND SCIENCES (H&S) TAUGHT A TOTAL OF 928 STUDENTS IN ACADEMIC YEAR 2022 TO 2023: AN AVERAGE OF 232 PER FACULTY MEMBER. |
| FORM 990, PART III, LINE 4a CONT. | THE FREQUENCY OF SCHOLARLY PUBLICATIONS ALSO VARIES, BUT THE CHAMBERS FELLOWS AND SCHOLARS PUBLISHED A TOTAL OF 101 SCHOLARLY PAPERS IN 2022 TO 2023. IN ADDITION TO PUBLISHING, RESEARCH, LECTURING, AND RELATED TEACHING ACTIVITIES, THE EIGHT PROFESSORS ARE ACTIVELY ENGAGED IN MENTORING THE NEXT GENERATION OF ACADEMIC RESEARCHERS AND TEACHERS. ALL THE CHAMBERS FELLOWS AND SCHOLARS SERVE IN VARYING CAPACITIES AS ADVISORS TO GRADUATE STUDENTS IN DOCTORAL AND MASTERS |
| FORM 990, PART III, LINE 4a CONT. | SCHOLARSHIPS - THE TERMS OF THE DUDLEY CHAMBERS TRUST PROVIDE THAT ONE-THIRD OF DISTRIBUTIONS BE USED TO FURNISH ONE OR MORE WHOLE OR PARTIAL SCHOLARSHIPS TO STUDENTS SPECIALIZING IN ONE OR MORE AREAS OF ENGINEERING TECHNOLOGY AND THE NATURAL SCIENCES. |
| FORM 990, PART III, LINE 4a CONT. | STANFORD UNIVERSITY CHOOSES TO FOCUS THE FUNDING DESIGNATED FOR SCHOLARSHIPS ON ITS NATIONAL SCIENCE FOUNDATION FELLOWS (NSF). FOR STANFORD FISCAL YEAR 2022 TO 2023, THE UNIVERSITY ALLOCATED $800,000 FROM THE DUDLEY CHAMBERS TRUST DISTRIBUTIONS TO PROVIDE FELLOWSHIPS THAT SUPPORT 146 NSF FELLOWS IN ENGINEERING TECHNOLOGY AND NATURAL SCIENCE DISCIPLINES. |
| FORM 990, PART III, LINE 4a CONT. | THE DUDLEY CHAMBERS TRUST FUNDS PROVIDED ABOUT 11 PERCENT OF THE FUNDING FOR 32 PERCENT OF THE NSFS ON TENURE FOR 2022 TO 2023. THE $5,500 AWARD PER NSF FELLOW CONTRIBUTES TOWARD EACH FELLOW TUITION. AVERAGE TUITION WAS $52,560 FOR 2022 TO 2023, OF WHICH THE NSF PROVIDES $12,000 PER YEAR. |
| FORM 990, PART III, LINE 4a CONT. | FUND FOR EDUCATION OR RESEARCH - FINALLY, THE TERMS OF THE DUDLEY CHAMBERS TRUST PROVIDE THAT ONE-THIRD OF DISTRIBUTIONS BE USED TO PAY FOR EXPENSES INCURRED BY STANFORD FOR EDUCATION OR RESEARCH IN ONE OR MORE AREAS OF ENGINEERING TECHNOLOGY AND THE NATURAL SCIENCES, FOR PURPOSES OTHER THAN SALARY PAYMENTS TO FACULTY MEMBERS AND SCHOLARSHIPS. |
| FORM 990, PART III, LINE 4a CONT. | IN 2022 TO 2023, $800,000 OF THE DISTRIBUTION FROM THE DUDLEY CHAMBERS TRUST WAS ALLOCATED TO LEARNING TECHNOLOGIES & SPACES (LTS), PART OF THE OFFICE OF THE VICE PROVOST FOR STUDENT AFFAIRS (VPSA). FUNDS WERE USED TO PROVIDE TECHNOLOGY AND FURNITURE UPGRADES IN NINE STEM CLASSROOMS AND THE SALARIES FOR THREE FULL-TIME PROFESSIONAL STAFF WHOSE EXPERTISE AND TRAINING HELP SUPPORT THESE CRITICAL UPGRADES. |
| FORM 990, PART III, LINE 4a CONT. | THE CLASSROOM UPGRADES ARE PART OF THE STANFORD CLASSROOMS REIMAGINED INITIATIVE, A MULTIYEAR STRATEGIC PLAN TO MEET THE CHANGING NEEDS OF STUDENTS, TO ADDRESS THE GROWING GAP BETWEEN CLASSROOM SUPPLY AND DEMAND, AND TO OPTIMIZE THE USE OF EXISTING SPACES AND RESOURCES. |
| FORM 990, PART III, LINE 4a CONT. | THESE UPGRADES ENABLE INSTRUCTORS TO ENGAGE WITH AUDIENCES IN MORE THAN ONE LOCATION AND OFFER GUEST LECTURER PRESENTATIONS THAT ARE MORE SUSTAINABLE AND ACCESSIBLE. FURNITURE UPGRADES ENSURED THE CLASSROOMS COULD EASILY BE RECONFIGURED TO ACCOMMODATE DIFFERENT LEARNING AND TEACHING STYLES AND CLASSROOM ORIENTATIONS. |
| FORM 990, PART III, LINE 4a CONT. | ALSO NECESSARY FOR THE SUCCESSFUL INTEGRATION OF TECHNOLOGY IN STEM CLASSROOMS ARE FULL-TIME PROFESSIONAL STAFF THAT DIRECTLY SUPPORT INSTRUCTORS AS THEY ADAPT TO NEW TEACHING AND LEARNING TECHNOLOGIES IN THE CLASSROOM AND CONTINUE TO OFFER AN INCLUSIVE AND COLLABORATIVE LEARNING ENVIRONMENT TO STUDENTS. DEDICATED STAFF THAT ARE AVAILABLE TO TRAIN, SUPPORT, AND PROBLEM SOLVE ARE A CRITICAL PART OF THE INITIATIVE SUCCESS AND THE LONG-TERM VIABILITY OF THE |
| FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW | TRUSTEE REVIEWS ALL UNDERLYING MONETARY AND FACTUAL INFORMATION BEFORE THE IRS FORM 990 IS FILED. |
| FORM 990, PAGE 6, PART VI, LINE 19 | AS TRUSTEE, JPMORGAN CHASE BANK NA MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS OF THE SUPPORTED ORGANIZATION.THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC, BUT HAVE BEEN GIVEN AND ARE AVAILABLE TO ALL INTERESTED PARTIES SUCH AS BENEFICIARIES, TRUSTEES, EXECUTORS, ETC. JPMORGAN CHASE BANK NA DOES NOT HAVE A PUBLIC CONFLICT OF INTEREST POLICY. HOWEVER, THE GOVERNING DOCUMENTS AND STATE LAW IMPOSE LIMITATIONS OF TRUSTEE POWERS THATJPMORGAN CHASE BANK NA STRICTLY FOLLOWS. FINANCIAL STATEMENTS ARE SENTTO EACH CHARITABLE BENEFICIARY FOR REVIEW AND COMMENT. |
| EXPLANATION FOR FORM 990, PART XI, LINE 9 | MUTUAL FUND ADJUSTMENT: ($48.36); ROUNDING: $1.16; RETURN OF CAPITAL ADJUSTMENT: $56.20;TOTAL $9.00 |
| Software ID: | |
| Software Version: |