The Berkeley Endowment Management Company is a wholly-owned subsidiary of the UC Berkeley Foundation and is governed by a board of directors who are knowledgeable about the capital markets and committed to the mission and values of UC Berkeley.
- Rob Chandra (Chair)
- Collette Chilton
- Cyrus Hadidi
- Colleen McAndrews
- Robert O’Donnell
- Julie Hooper (Senior Advisor)
- Rosemarie Rae (Senior Advisor)
- Janet McKinley (Chair Emerita)
- Laurance Hoagland (Director Emeritus)
- Loraine Binion (Treasurer)
Rob Chandra (Chair)
Rob Chandra is a general partner with Avid Park Ventures, a San Francisco based venture capital firm. Prior to founding Avid Park, Chandra was a Managing Partner at Bessemer Venture Partners, where he served on the firm’s investment and management committees. Since entering the venture capital industry in 1996, Chandra has been involved with more than 25 early-stage investments that have gone public or been acquired by public companies. He has been recognized on the Forbes Midas list of the top 100 venture capitalists five different times over his career. Prior to entering the venture capital profession, Chandra worked for McKinsey & Company and Accenture. Chandra teaches courses on entrepreneurship and venture capital at UC Berkeley’s Haas School of Business where he is a two time recipient of the Earl F. Cheit Outstanding Teaching Award. Chandra holds a MBA from Harvard Business School and a BA from University of California at Berkeley.
Collette Chilton is the Chief Investment Officer for Williams College where she joined in 2006 to establish the Investment Office that oversees the $2 billion endowment. For the 8 years prior to joining Williams, Chilton served as the Chief Investment Officer for Lucent Technologies, overseeing $40 billion of retirement-related assets. From 1996 to 1998, she served as Chief Investment Officer of the $30 billion Pension Reserves Investment Management (PRIM) Board, which invests the assets of the public employees’ and teachers’ retirement systems in Massachusetts. She held a similar position with the Massachusetts State Teachers and Employees Retirement Systems (MASTERS) Trust from 1993 until PRIM and MASTERS merged in 1996. Chilton currently serves on the boards of The Investment Fund for Foundations (TIFF), The Center for Private Equity and Entrepreneurship at Tuck, and the Pacific Pension Institute. She also serves on the investment committee for The Edna McConnell Clark Foundation. In addition, she is a Visiting Fellow in Private Equity at the Tuck School of Business at Dartmouth and serves as a judge for the Investor Responsibility Research Center (IRRC) Institute Research Award. Chilton holds an M.B.A. from the Tuck School of Business at Dartmouth and a B.S. from UC Berkeley.
Cyrus Hadidi founded Arts and Sciences Investment Management, and serves as the Firm’s Chief Investment Officer. Prior to founding Arts & Sciences, Hadidi worked at JMB Capital Partners from 2002 to 2016, where he was a Partner and Portfolio Manager. After graduating from Cal and working as an investment banker with Salomon Brothers, he attended Harvard Business School, where he received the distinction of Baker Scholar and the John L. Loeb Award in Finance. In addition to his professional responsibilities at Arts and Sciences, he is active in the philanthropic community in California. He is focused on improving public education, and is on the board of the Partnership for Los Angeles Schools and the Advisory Board for College Match, a program that helps prepare gifted and talented students from low-income areas to both attend and succeed at high-caliber colleges and universities. Hadidi is a Builder of Berkeley.
Colleen McAndrews is a retired founding partner of Bell, McAndrews & Hiltachk, LLP, a California election law boutique. From 1989 until 2014, Colleen served as legal counsel and treasurer to state, local and corporate PACs, ballot measures, and candidate/officeholders across the political spectrum. From 1977 to 1983, she was a Commissioner on the Fair Political Practices Commission, appointed by Governor Jerry Brown. Other non-profit service includes, the National Commission on Federal Election Reform, with former Presidents Carter and Ford (2001) and Speaker Hertzberg’s Commission on Initiative Reform (2000); Secretary McPherson’s Task Force on Online Disclosure of Campaign Finances (Co-Chair 2006); the ABA Standing Committee on Elections; The Governor and First Lady’s Conference for Women (General Counsel and Treasurer, 2003-2010); YMCA Model Legislature; Republican Majority for Choice (Vice Chair); National Women’s Education Fund; Harvard Westlake School; and St. Matthews Parish School (Chair, 1991-1992). Colleen graduated from UC Berkeley in 1967; and UCLA Law School in 1986. She is a Trustee of the UC Berkeley Foundation and serves on the executive committee.
Robert G. O’Donnell retired in 2011 from his position as a Senior Vice President and Director of Capital Research and Management Company. Capital Research is the investment advisor to the American Funds and is part of the Capital Group Companies. At that firm, he was a portfolio manager in several mutual funds and served as Principal Executive Officer of The American Balanced Fund, a $50 billion fund. O’Donnell graduated summa cum laude from UC Berkeley in 1965 and obtained his M.B.A. there in 1966. He is a CPA and a CFA Charterholder. Prior to joining Capital in 1972, he served in the U.S. Army and was a senior accountant at Arthur Andersen. He has been recognized for his philanthropic work, most notably with the Chancellor’s Award at UC Berkeley in 2008 and with the Business Leader of the Year for 2011 Award at Berkeley’s Haas School of Business. He is a member of the professional faculty at Haas, where he has taught an investment strategy course for the past thirteen years. He currently serves on the boards of the San Francisco Symphony, Summit Public Schools, the Library Advisory Board at Berkeley and the Board of Overseers of the Hoover Institution at Stanford. He also serves as Chair of the Sequoia Hospital Foundation and is a member of the Investment Committee of the James Irvine Foundation. He chaired the UC Berkeley Foundation from 2005 to 2007 and is an Emeritus board member. He is President of The O’Donnell Foundation, a private foundation that supports educational opportunity.
Julie Morgan Hooper, CFRE, is the Vice Chancellor for Development and Alumni Relations at the University of California, Berkeley. As Berkeley’s Chief Development Officer, she is the architect of development programs in the Office of Development and Alumni Relations and is responsible for creating comprehensive fundraising strategies to maximize philanthropic support for and enhancement of Berkeley’s preeminence. In her role, she serves as Vice President of the UC Berkeley Foundation, a not-for-profit corporation that raises, invests, and administers private funds for the campus.
Julie came to Berkeley in July 2014 from the University of Texas at Austin (UT). During her seven-and-a-half year tenure at UT, Julie served as Assistant Dean for Development and External Relations in the School of Architecture and as Associate Vice President for Development for the University Development Office. In this role, she acted as Campaign Director for The Campaign for Texas, an eight-year, $3B capital campaign, which ended in August of 2014. Julie has also served as Executive Director and Senior Director of Development for various non-profit agencies in Texas and was named Outstanding Fundraising Professional in 2010 by the Greater Austin Chapter of the Association of Fundraising Professionals (AFP).
Julie holds a master’s degree in historic preservation from the University of Georgia and a BA in history from Boston University.
Rosemarie Rae brings over 30 years of experience in finance and administration to her role as UC Berkeley’s Vice Chancellor and Chief Financial Officer (VC-CFO). Over her time working in both the public and nonprofit sectors, she has developed a wide depth and breadth of knowledge in budget and financial management, strategic planning, and operations.
Prior to coming to Berkeley, she served as the Chief Financial and Administrative Officer of The National Trust for Historic Preservation, where she had oversight responsibility for two of the strategies in the Trust’s strategic plan: achieving financial strength and creating a 21st century workplace.
She also served as an Executive Vice President, Chief Strategy Officer, and Chief Financial Officer at Volunteers of America; held senior leadership positions at Experience Works and LORAL Space and Communications; and was a principal and founder of Balrae Associates, an Information Technology services firm.
With a focus on unity, collaboration, and customer value creation, Rosemarie is a strategic thinker and problem solver who is passionate about helping Berkeley reach its vision for financial sustainability.
Rosemarie holds a bachelor’s degree in accounting from Radford University, a master’s degree in public administration from American University, and is a doctoral candidate in organizational design at The George Washington University.
Janet McKinley (Chair Emerita)
Janet McKinley is co-founder of Advance Global Capital Limited, a U.K. based alternative investment company focused on SME financing in developing countries. McKinley retired in 2004 as Principal Executive Officer and Chair of the Income Fund of America, as well as Director of Capital Research and Management Company (which oversees assets in excess of $1 trillion). McKinley served as Board Chair of Oxfam America from 2004 to 2010 and has served on the boards of Oxfam International, Smith College, the Deutsche Bank Microfinance Consortium Fund, MicroCredit Enterprises and the Synapse Market Access Fund. After years of distinguished service as BEMCO’s founding Chair of the Board, she was named Chair Emerita in 2015. She graduated summa cum laude from Smith College (Phi Beta Kappa) and attended the University of Krakow, Poland, as a Fulbright Scholar. She also attended the New York University Graduate School of Business.
Laurance Hoagland (Director Emeritus)
“Laurie” Hoagland retired from his role as the Vice President and Chief Investment Officer of the Hewlett Foundation in June 2013. Prior to joining the Foundation in 2001, he served for nine years as President and Chief Executive Officer of Stanford Management Company. For the 11 years prior to joining Stanford, Hoagland was a co-founder and partner in the investment management firm of Anderson, Hoagland and Company. Hoagland is currently affiliated in various capacities with the Commonfund, the Louisville Presbyterian Theological Seminary, the Howard Hughes Medical Institute, Caltech, the David and Lucile Packard Foundation, and the Kamehameha Schools (Bishop Trust). He was previously affiliated with the Rockefeller Foundation and the Board of Pensions of the Presbyterian Church. He graduated from Stanford University, received an M.A. from Oxford University as a Marshall scholar, and earned an M.B.A. from Harvard.
Loraine Binion (Treasurer)
Loraine Binion is the Executive Director of Finance and Administration for the University Development and Alumni Relations unit at the University of California, Berkeley. Loraine also serves as Treasurer of the UC Berkeley Foundation and Treasurer of the Berkeley Endowment Management Company. Prior to coming to UC Berkeley, Loraine held a number of senior Finance positions including 18 years at Levi Strauss & Co and has operated her own CPA firm. She serves on various Boards, is active with Community organizations and is Treasurer for a member of Congress. She has received many awards recognizing her professional accomplishments and commitment to create social change.
Loraine is also an educator, serving as adjunct professor at a Bay Area University and several Colleges. Loraine is a Certified Public Accountant and holds a Master of Business Administration degree in Finance and Accounting from UCLA and a Bachelor of Science degree from Cal Poly Pomona.