text: **(7) Operating Leases**
  
  Our operating lease relates to the Foundation’s headquarters in San Francisco and has a non-cancelable 
  remaining term of 3 months as of June 30, 2024. The discount rate is 2.9%, the risk-free rate based on 
  daily U.S. Treasury with a term comparable to the lease term. The lease provides the Foundation the 
  option to extend the lease term for one additional period of five years. The Foundation determined during 
  the year ended June 30, 2024 not to renew the lease. Operating lease expense was $1,859,383 and 
  $1,489,134 for the year ended June 30, 2024 and 2023, respectively. 
  
  Undiscounted lease payments as of June 30, 2024 were as follows: 