Jolie-Pitt Foundation
- Assets
- $5.7m
- Revenue
- $2.5k
- Investments
- $20.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-5176706
Organization Overview
Jolie-Pitt Foundation is located in Wilmington, DE. The organization was established in 2007. 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. Jolie-Pitt 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 12/2021, Jolie-Pitt Foundation generated $2.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (73.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jolie-Pitt Foundation has awarded 70 individual grants totaling $4,561,216. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION ATTACHMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Grant VP | 1 | $0 | |
Terry Bird VP | 1 | $0 | |
Angelina Jolie Co-Pres, Dir | 1 | $0 | |
Brad Pitt Co-Pres, Dir, Sec | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $95,082 |
Ravenstone Consult Limited | 12/30/21 | $82,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,373 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $159 |
| Total Revenue | $2,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $165,247 |
| Pension plans, employee benefits | $15,663 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $53,411 |
| Occupancy | $11,182 |
| Travel, conferences, and meetings | $12,335 |
| Printing and publications | $0 |
| Other expenses | $260,014 |
| Total operating and administrative expenses | $629,171 |
| Contributions, gifts, grants paid | $1,111,154 |
| Total expenses and disbursements | $1,740,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,846,848 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $1,351,343 |
| Other assets | $500,000 |
| Total assets | $5,718,191 |
| Accounts payable and accrued expenses | $206 |
| 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 | $206 |
Grants Awarded
Over the last fiscal year, Jolie-Pitt Foundation has awarded $1,111,154 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: FOR THE COMPLETION OF THE BUILDING INFRASTRUCTURE, PURCHASE OF VEHICLES, AND SALARIES FOR ZCC | $223,167 |
N A'AN KU SE FOUNDATION PURPOSE: IMPLEMENT ANIMAL CONSERVATION AND PROTECTION ACTIVITIES AS PART OF THE SHILOH WILDLIFE SANCTUARY | $200,000 |
Boston, MA PURPOSE: $75,000 TOWARDS THE 2022 ANNUAL COMMITMENT TO MCCC IN PHNOM PENH, CAMBODIA AND $75,000 TOWARDS THE 2022 ANNUAL COMMITMENT TO ZCC IN ETHIOPIA | $150,000 |
Boston, MA PURPOSE: $75,000 FOR MCCC IN PHNOM PENH, CAMBODIA, 2021; $75,000 FOR ZCC IN ETHIOPIA, 2021 | $150,000 |
Washington, DC PURPOSE: ETHIOPIA EMERGENCY APPEAL | $100,000 |
CENTER FOR JUDICIAL EXCELLENCE PURPOSE: SUPPORTING FAMILIES IN NEED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |