The Annenberg Foundation
- Assets
- $1.8b
- Revenue
- $109.0m
- Investments
- $1.7b
- Employees
- 0
- Location
- Conshohocken, PA
- Founding
- 11/1958
- Data as of
- 12/2021
- EIN
- 23-6257083
Organization Overview
The Annenberg Foundation is located in Conshohocken, PA. The organization was established in 1958. 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. Annenberg 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, Annenberg Foundation generated $109.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $105.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Annenberg Foundation has awarded 5,635 individual grants totaling $978,743,225. 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
2021
Describe the Organization's Program Activity:
METABOLIC STUDIO LLC (SEE STATEMENT)
EXPLORE LLC (SEE STATEMENT)
ANNENBERG SPACE FOR PHOTOGRAPHY (SEE STATEMENT)
ANNENBERG LEARNER (SEE STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ceo/chairperson/president | 20 | $0 | |
Allison Holmes Sr Dr Ops & Strategy | 37.5 | $296,514 | |
Bruce Missaggia Sr Dr Admin & Fin | 37.5 | $266,525 | |
Marsha Bonner Sr Dr Prog Grant | 37.5 | $246,807 | |
Elizabeth Armour Dir Mar & Com | 37.5 | $218,547 | |
Jung Yi Dir Ent Init & Fin | 37.5 | $214,305 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Rock Advisors Lp | 12/30/21 | $4,677,650 |
Elliott International Capital Advisors Inc | 12/30/21 | $4,171,881 |
Adage Capital Partners Lp | 12/30/21 | $3,162,597 |
General Atlantic Service Company Llc | 12/30/21 | $959,627 |
Brightview (Metabolic Studio) | 12/30/21 | $1,058,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,757 |
| Dividends & Interest | $7,639,977 |
| Net Rental Income | $24,040 |
| Net Gain on Sale of Assets | $100,928,310 |
| Capital Gain Net Income | $151,380,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $54,867 |
| Other Income | $33,493 |
| Total Revenue | $109,022,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,245,646 |
| Other employee salaries and wages | $6,855,738 |
| Pension plans, employee benefits | $3,366,706 |
| Interest | $13,139 |
| Taxes | $5,470,110 |
| Depreciation | $3,129,473 |
| Occupancy | $4,054,870 |
| Travel, conferences, and meetings | $590,453 |
| Printing and publications | $155,040 |
| Other expenses | $3,789,289 |
| Total operating and administrative expenses | $53,928,277 |
| Contributions, gifts, grants paid | $51,673,831 |
| Total expenses and disbursements | $105,602,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,404 |
| Savings and temporary cash investments | $74,061,506 |
| 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 | $7,685 |
| Prepaid expenses and deferred charges | $341,278 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $949,370,283 |
| Net Land, buildings, and equipment | $39,863,145 |
| Other assets | $6,303,946 |
| Total assets | $1,804,363,680 |
| Accounts payable and accrued expenses | $7,218,762 |
| Grants payable | $16,421,936 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,163,682 |
| Total liabilities | $41,804,380 |
Grants Awarded
Over the last fiscal year, The Annenberg Foundation has awarded $68,319,827 in support to 670 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FALLEN JOURNALISTS MEMORIAL | $3,800,000 |
Los Angeles, CA PURPOSE: CHARITABLE MISSION AND PROGRAMS | $3,500,000 |
Los Angeles, CA PURPOSE: CLUB 80S PROJECT | $2,950,000 |
PHILADELPHIA ORCHESTRA ASSOCIATION PURPOSE: ANNENBERG FUND FOR ARTISTIC ENDEAVORS | $2,624,524 |
Los Angeles, CA PURPOSE: CLUB 80S PROJECT | $1,875,000 |
Los Angeles, CA PURPOSE: CHARITABLE MISSION AND PROGRAMS | $1,750,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Annenberg Foundation has recieved totaling $48,846.
| Awarding Organization | Amount |
|---|---|
California Community Foundation Los Angeles, CA PURPOSE: EDUCATION | $48,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Andrew W Mellon Foundation New York, NY | $8,218,016,721 | $505,890,143 |
Stephen Siller Tunnel To Towers Foundation Staten Island, NY | $203,334,406 | $264,017,854 |
The Annenberg Foundation Conshohocken, PA | $1,804,363,680 | $109,022,988 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |