Oregon Community Foundation
- Assets
- $3.1b
- Revenue
- $417.3m
- Investments
- $1.7b
- Employees
- 116
- Location
- Portland, OR
- Founding
- 11/1973
- Data as of
- 12/2021
- EIN
- 23-7315673
Organization Overview
Oregon Community Foundation is located in Portland, OR. The organization was established in 1973. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Oregon Community Foundation employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Community 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, Oregon Community Foundation generated $417.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $329.2m during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 7 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 2014, Oregon Community Foundation has awarded 12,604 individual grants totaling $995,122,356. 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 Mission:
Part 3 - Line 1
THE MISSION OF THE OREGON COMMUNITY FOUNDATION IS TO IMPROVE LIVES FOR ALL OREGONIANS THROUGH THE POWER OF PHILANTHROPY.
Describe the Organization's Program Activity:
THE FOUNDATION ADMINISTERS CHARITABLE FUNDS AND MAKES GRANTS FROM THOSE FUNDS FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, PRIMARILY IN THE STATE OF OREGON. IN 2021 OCF: -MADE GRANTS TOTALING $294 MILLION TO APPROXIMATELY 3,600 NONPROFIT ORGANIZATIONS INCLUDING GRANTS THAT SUPPORT FOUNDATION INITIATIVES THAT FOCUS ON STRENGTHENING LEADERS AND ORGANIZATIONS IN THE LATINO COMMUNITY, PROMOTING YOUTH PHILANTHROPY, IMPROVING CHILDREN'S DENTAL HEALTH, AND CONNECTING OREGONIANS WITH LEARNING OPPORTUNITIES FROM EARLY CHILDHOOD THROUGH HIGHER EDUCATION. -ASSISTED 2,534 STUDENTS WITH SCHOLARSHIP AWARDS TOTALING $7.6 MILLION -ADMINISTERED OVER 3,385 EXISTING CHARITABLE FUNDS; ESTABLISHED 158 NEW FUNDS -PROVIDED EDUCATIONAL OPPORTUNITIES FOR DONORS, PROFESSIONAL ADVISORS, AND NOT-FOR-PROFIT ORGANIZATIONS TO LEARN ABOUT PHILANTHROPY, GRANTMAKING, ENDOWMENT BUILDING, COMMUNITY ISSUES, AND RELATED TOPICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Investment Consulting | 12/30/21 | $1,738,789 |
Adage Capital Partners Investment Management | 12/30/21 | $1,191,421 |
Generation Investment Management Investment Management | 12/30/21 | $895,005 |
Westwood Global Investments Llc Investment Management | 12/30/21 | $797,551 |
Marathon Asset Management Llp Investment Management | 12/30/21 | $647,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $844,200 |
| Government grants | $96,900,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,962,308 |
| Noncash contributions included in lines 1a–1f | $59,358,431 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,706,508 |
| Total Program Service Revenue | $1,680,031 |
| Investment income | $18,986,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,561,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,266,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $294,360,051 |
| Grants and other assistance to domestic individuals. | $7,644,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $991,438 |
| Compensation of current officers, directors, key employees. | $611,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,862,163 |
| Pension plan accruals and contributions | $748,395 |
| Other employee benefits | $1,203,010 |
| Payroll taxes | $616,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,571 |
| Fees for services: Accounting | $68,625 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,207,343 |
| Fees for services: Other | $2,893,792 |
| Advertising and promotion | $739,745 |
| Office expenses | $272,711 |
| Information technology | $515,046 |
| Royalties | $0 |
| Occupancy | $754,927 |
| Travel | $22,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,439 |
| Interest | $11,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,301 |
| Insurance | $52,991 |
| All other expenses | $221,839 |
| Total functional expenses | $329,243,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,523,303 |
| Savings and temporary cash investments | $127,569,943 |
| Pledges and grants receivable | $17,669,837 |
| Accounts receivable, net | $1,226,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $783,953 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $454,527 |
| Net Land, buildings, and equipment | $6,314,171 |
| Investments—publicly traded securities | $1,075,058,598 |
| Investments—other securities | $1,714,898,150 |
| Investments—program-related | $14,021,680 |
| Intangible assets | $0 |
| Other assets | $102,021,185 |
| Total assets | $3,083,541,362 |
| Accounts payable and accrued expenses | $4,334,793 |
| Grants payable | $9,847,774 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $230,394 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,168,091 |
| Total liabilities | $65,581,052 |
| Net assets without donor restrictions | $2,951,121,779 |
| Net assets with donor restrictions | $66,838,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,083,541,362 |
Grants Awarded
Over the last fiscal year, Oregon Community Foundation has awarded $286,367,441 in support to 2,092 organizations.
| Grant Recipient | Amount |
|---|---|
Woodburn, OR PURPOSE: Housing | $36,272,126 |
Astoria, OR PURPOSE: Economic Development | $9,967,500 |
Portland, OR PURPOSE: Workforce Development | $7,294,302 |
Gresham, OR PURPOSE: Community Development | $6,911,300 |
WASHINGTON COUNTY OREGON PURPOSE: Animals | $6,256,211 |
LN COUNTY HEALTH AND HUMAN SERVICES PURPOSE: Housing | $5,542,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oregon Community Foundation has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $9,000 |
Endowment Analysis
| Beg. Balance | $2,497,774,241 |
| Earnings | $474,092,368 |
| Net Contributions | $239,845,209 |
| Other Expense | -$21,206,668 |
| Grants | $306,761,054 |
| Ending Balance | $2,926,157,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Community Foundation Portland, OR | $3,083,541,362 | $417,266,834 |
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
East Bay Community Foundation Oakland, CA | $785,752,885 | $390,383,292 |
The Seattle Foundation Seattle, WA | $1,281,544,781 | $303,698,138 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |