October 19, 2006

Three New Directors Elected to Board of The James Irvine Foundation

San Francisco — The James Irvine Foundation today announced the election of Paula Cordeiro of San Diego, Isaac Stein of Palo Alto, and Lydia M. Villarreal of Salinas to its board of directors. The appointments, effective January 2007, fill vacancies created by the retirement of long-standing Irvine directors.

“These three individuals bring a wealth of experience from various sectors and regions of California to the governance of the Irvine Foundation. Each has demonstrated extraordinary leadership in seeking to address the challenges that the Irvine Foundation cares deeply about,” said James E. Canales, Irvine’s President and CEO. “We are delighted that they will be joining us in our mission to expand opportunity for the people of California.”

Paula A. Cordeiro is Dean of the School of Leadership and Education Sciences at the University of San Diego. Previously, Dr. Cordeiro was the coordinator of master and doctoral programs in educational leadership at the University of Connecticut. She is a former principal and school head of international schools in Venezuela and Spain, and is a past president of the University Council of Educational Administration. She has written three books, including “Educational Leadership: A Problem-Based Approach,” which she co-authored with William Cunningham, and recently co-edited a special issue of the Teacher Education Quarterly. Dr. Cordeiro sits on a number of boards, and in 2005 was appointed a public representative to the California Commission on Teaching Credentials.

Isaac Stein is the President of Waverley Associates Inc. and Managing Director of Technogen Associates LP, both private investment firms. Mr. Stein served as a partner at the San Francisco law firm of Heller, Ehrman, White & McAuliffe until 1979, and from 1979 to 1983, he served as both chief financial officer and general counsel of Raychem Corporation. In 1983, he formed Waverley Associates, and from 1990 to 1992, he served as chairman of Esprit de Corp and, from 1991 to 1992, as its acting CEO. Mr. Stein has been active in community leadership roles, having served as a director of Children’s Health Council, president of the board of Crystal Springs Uplands School, chairman of the board of trustees of Stanford University, and chairman of both Stanford Health Services and UCSF/Stanford Health Care. He was recently re-elected to the board of trustees at Stanford University.

Lydia M. Villarreal is a judge for the Superior Court of California, Monterey County. Prior to her appointment by Gov. Gray Davis in 2001, Judge Villarreal was deputy district attorney for Monterey County beginning in 1989, and served as the lead attorney for the consumer and environmental protection division. A lawyer since 1980, Judge Villarreal spent eight years with California Rural Legal Assistance representing migrant farm workers. She is the founder of the Center for Community Advocacy in Salinas, a nonprofit organization that helps low-income families improve their housing. She serves on the boards of the Monterey Bay Aquarium, the National Steinbeck Center, and the Elkhorn Slough Foundation, and is a member of the President’s Council for California State University – Monterey Bay.

With these appointments, the Irvine board of directors stands at 14 members, the maximum number authorized by the organization’s By-Laws. Under those By-Laws, directors can be re-elected to serve a maximum of 12 consecutive years.

About The James Irvine Foundation

The James Irvine Foundation is a private, nonprofit grantmaking foundation dedicated to expanding opportunity for the people of California to participate in a vibrant, inclusive, and successful society. The Foundation’s grantmaking is organized around three program areas: Arts, Youth, and California Perspectives, which focuses on improving decision-making on the significant issues that are shaping California’s future. Since 1937 the Foundation has provided more than $900 million in grants to nonprofit organizations throughout California. With current assets of more than $1.7 billion, the Foundation expects to make grants of $69 million in 2006 for the people of California.

For more information about the Irvine Foundation, please visit our Web site at www.irvine.org or call 415.777.2244.