Adobe Foundation
- Assets
- $30.1m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2007
- Data as of
- 11/2023
- EIN
- 26-0233808
Organization Overview
Adobe Foundation is located in Wilmington, DE. The organization was established in 2007. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Adobe 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 11/2023, Adobe Foundation generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $15.2m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Adobe Foundation has awarded 71 individual grants totaling $40,769,643. 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 |
|---|---|---|---|
Rosemary Arrida-Keiper Dir | 1 | $0 | |
Hannah Elsakr Dir, Pres | 1 | $0 | |
Mark Garfield Dir, Treas | 1 | $0 | |
Stacy Martinet Dir, Sec | 1 | $0 | |
Karen Robinson Dir | 1 | $0 | |
Amy White Executive Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,800,000 |
| Interest on Savings | $950,518 |
| 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 | $0 |
| Total Revenue | $27,750,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,193 |
| Total operating and administrative expenses | $146,622 |
| Contributions, gifts, grants paid | $15,009,001 |
| Total expenses and disbursements | $15,155,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,089,367 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,089,367 |
| 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, Adobe Foundation has awarded $15,009,001 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS PURPOSE: DISASTER RELIEF - DISASTER RESPONDER PROGRAM | $160,000 |
BOWIE STATE UNIVERSITY FOUNDATION PURPOSE: TO SUPPORT THE WORK OF BSUF | $1,000,000 |
CINEQUEST INC PURPOSE: GENERAL & UNRESTRICTED | $200,000 |
CINEQUEST INC PURPOSE: CRITICAL OPERATIONS AND KEY PROGRAMS FUND | $200,000 |
DIRECT RELIEF PURPOSE: DISASTER RELIEF | $250,000 |
DIRECT RELIEF PURPOSE: GENERAL & UNRESTRICTED | $100,000 |