Gilead Sciences Foundation
- Assets
- $164.8m
- Revenue
- $64.7m
- Investments
- $117.8m
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-1042419
Organization Overview
Gilead Sciences Foundation is located in Foster City, CA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilead Sciences Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gilead Sciences Foundation generated $64.7m in total revenue. All expenses for the organization totaled $20.3m during the year ending 12/2022. While expenses have increased by 73.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gilead Sciences Foundation has awarded 115 individual grants totaling $29,210,602. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korab Zuka President (through Oct 1, 2022) | 1 | $0 | |
Teri Wielenga Secretary And Treasurer | 2 | $0 | |
Keeley Wettan Board Chair | 1 | $0 | |
Alex Kalomparis Director | 1 | $0 | |
Andrew Dickinson Director | 1 | $0 | |
Joydeep Ganguly Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,174,294 |
| Interest on Savings | $3,387,027 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$23,830,792 |
| Capital Gain Net Income | $26,279,020 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,804 |
| Total Revenue | $64,732,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141,196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,533 |
| Total operating and administrative expenses | $582,234 |
| Contributions, gifts, grants paid | $19,686,797 |
| Total expenses and disbursements | $20,269,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,797,380 |
| Savings and temporary cash investments | $40,839,504 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $235,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $117,800,226 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $151,553 |
| Total assets | $164,823,663 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gilead Sciences Foundation has awarded $19,731,232 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF METROPOLITAN HOUSTON INC PURPOSE: A FRAMEWORK FOR SCHOOLING: THE STATE OF THE BLACK MAN-CHILD IN EDUCATION CONFERENCE | $25,000 |
ALL STARS PROJECT INC PURPOSE: YOUTH PROGRAM SUPPORT: DEVELOPMENT SCHOOL FOR YOUTH & DEVELOPMENT COACHING PROGRAMS | $150,000 |
AMERICA ONLINE GIVING FOUNDATION PURPOSE: 2022/23 GIVING TOGETHER DONATION | $7,500,000 |
AYUDANDO LATINOS A SONAR PURPOSE: FOOD PANTRY / GENERAL OPERATING | $100,000 |
BOYS & GIRLS CLUBS OF OAKLAND INC PURPOSE: EDUCATIONAL ENHANCEMENT & CAREER DEVELOPMENT PROGRAM | $25,000 |
BROWN UNIVERSITY OF PROVIDENCE PURPOSE: TARGETING SCHOOL FUNDS TO INCREASE HEALTH PROSPERITY THROUGH EDUCATIONAL EQUITY | $200,000 |