Pivotal Foundation
- Assets
- $59.5m
- Revenue
- $32.0m
- Investments
- $8.0m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-3959093
Organization Overview
Pivotal Foundation is located in Phoenix, AZ. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pivotal Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Pivotal Foundation has awarded 243 individual grants totaling $15,152,200. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NO DIRECT CHARITABLE ACTIVITIES ARE CARRIED ON BY THE FOUNDATION. ALL ADMINISTRATIVE EXPENSES INCURRED IN CONNECTION WITH OUR TAX EXEMPT PURPOSE WERE ALLOCATED TO
GRANT MAKING ACTIVITIES. ALL OTHER EXPENSES OF THE FOUNDATION WERE PROPERLY ALLOCABLE TO THE INVESTMENT ACTIVITIES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
F Francis Najafi Director And President | 1 | $0 | |
Richard Garner Treasurer | 1 | $0 | |
Jackie Reed Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,500,000 |
| Interest on Savings | $288,926 |
| Dividends & Interest | $398,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$118,732 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$32,438 |
| Total Revenue | $32,036,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $904 |
| Taxes | $19,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,144 |
| Total operating and administrative expenses | $75,741 |
| Contributions, gifts, grants paid | $1,890,196 |
| Total expenses and disbursements | $1,965,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,563,655 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,917,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,532,605 |
| 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, Pivotal Foundation has awarded $1,890,196 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX VICTORY'S LEGACY INC PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
ALL SAINTS EPISCOPAL DAY SCHOOL PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $11,000 |
AMERICAN DIABETES ASSOCIATION INC PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $500 |
AMERICAN IDEAS INSTITUTE (THE AMERICAN CONSERVATIVE) PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,000 |
ARIZONA INTERFAITH MOVEMENT PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $130,000 |