Currently BAM/PFA has an annual operating budget of approximately $7 million and receives about 60 percent of its annual budget from private donors, earned income, membership, and admission fees. Approximately eight percent of BAM/PFA's operating funds come from university sources, and 15 percent from student registration fees. The remaining 16 percent of the budget is made up by endowment interest. BAM/PFA is also supported in part by the National Endowment for the Arts, the National Endowment for the Humanities, the Institute of Museum and Library Services, the California Arts Council, and California State Library. Additional support is provided by the William and Flora Hewlett Foundation, Koret Foundation, Bernard Osher Foundation, Packard Humanities Institute, William H. Donner Foundation, San Francisco Foundation, and other private foundations and corporations, as well as by individual donors and members who wish to encourage the production, understanding, and appreciation of art within the UC Berkeley community and the entire Bay Area. Major endowment support has been provided by an anonymous donor, the late Phyllis Wattis, and George Gund III.