Board of Directors

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)

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

Collette Chilton, as Chief Investment Officer, is responsible for the investment of approximately $2.9 billion in assets held by the Williams College endowment.

Prior to joining Williams in 2006, she served as the Chief Investment Officer for Lucent Technologies from 1998 to 2006. In that role, she was responsible for the investment and oversight of approximately $40 billion in retirement-related assets for the company.

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. Prior to 1993, she was in investment banking with the First National Bank of Boston and Citicorp Investment Bank.

She serves on the boards of The Investment Fund for Foundations (TIFF), The Center for Private Equity and Entrepreneurship at the Tuck School of Business at Dartmouth and the Berkeley Endowment Management Company. She also serves on the investment committee for The Edna McConnell Clark Foundation. In addition, she is an Investor in Residence in the Department of Economics at UCLA.

She graduated from the University of California, Berkeley, with a Bachelor of Science degree in Political Economy of Natural Resources. She received a Masters of Business Administration from the Tuck School of Business at Dartmouth.

Cyrus Hadidi

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.

John Jenks

John R. Jenks retired in 2017 from his position as Treasurer and Chief Investment Officer of the James Irvine Foundation. During his 15 years serving as CIO for the Foundation’s $2.1 billion endowment, Jenks was responsible for strategy and execution resulting in top decile returns. Jenks was a member of the executive leadership team for the Foundation and also oversaw Accounting, Human Resources, Information Technology and Operations, while providing policy input to the strategic grant making of the Foundation. He was also responsible for all financial, tax and risk management of the Foundation.

Prior to joining the James Irvine Foundation, Jenks was the Chief Investment Officer for the State of Alaska where he managed 20 funds and endowments with over $20 billion in assets.  Jenks spent over 10 years in this organization in various investment officer roles, managing real estate, private equity, and fixed income portfolios.  Prior to his decade of service to the State of Alaska, Jenks was the Deputy Treasurer for the City of Juneau. He is a member of the Association for Investment Management and Research as well as a member of the Investment Committee of the Institute of Electrical and Electronic Engineers.

Jenks graduated from Washington State University in 1982 with a Bachelor of Arts in Business Administration, Finance and obtained his Master of Accounting there in 1984. He is a CFA Charterholder, and has previously held positions on various boards ranging from Contra Costa Crisis Center to the Southeast Alaska Boy Scout Council.

He currently serves on the board of the On Lok Senior Health Services Board, is Chair of the investment program committee of the Foundation Finance Officers Group, and is a member of the investment committee of the Institute of Electrical and Electronic Engineers.

Nadine Tang

Nadine M. Tang is a licensed clinical social worker who has served the Bay Area for over 30 years. As an associate clinical professor in the Department of Psychology at UC Berkeley, she provides clinical supervision to pre-doctoral students in the Psychology Clinic. She is an adjunct professor in the Psychology Dept at Tsinghua University in Beijing.  Ms. Tang has lectured extensively on the role of culture and diversity in psychology, child-rearing, and the provision of mental health services, publishing several papers on these topics.  From 1976-1986, she worked as a social worker in the Psychiatry Department of University Health Services on the Berkeley campus where she founded and directed the Immigrant and Refugee Student Program. From 1992-2004, she was a psychotherapist and supervisor at Mills College’s Counseling and Psychological Services.

Ms. Tang became an elected member of the Board of Trustees of the UC Berkeley Foundation in 1992. From 2001-03, she served as chairman of the board and is a trustee emerita, serving on the Finance and Administration Committee. She led the Asian Leadership conferences held from 1995-2001 and was co-chair of Berkeley’s Campaign for the New Century, which concluded in 2001 and raised $1.4 billion.  Ms. Tang has served on multiple task forces on campus, including the Task Force on Intercollegiate Athletics and the Alumni Engagement Task Force. Currently, she serves on the Large Fundraising Projects Committee.  Ms. Tang is a Berkeley Fellow and a member of the Order of the Golden Bear. She has received the Chancellor’s Award for her leadership and her service to Berkeley.  Ms. Tang received her B.A. in psychology from Boston University in 1971 and her M.S.W. from UC Berkeley in 1975.

Robert O’Donnell

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.

Senior Advisors

Julie Hooper

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

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 founder and principal investor of Advance Global Capital Ltd., a UK based direct lending fund manager, specializing in revolving lines of credit to factoring companies, backed by the confirmed invoices of small and medium-sized businesses (SMEs) in underserved markets. 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.