Broadcom Foundation
- Assets
- $94.9m
- Revenue
- $1.7m
- Investments
- $85.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-4754581
Organization Overview
Broadcom Foundation is located in Wilmington, DE. The organization was established in 2009. 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. Broadcom 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 12/2022, Broadcom Foundation generated $1.7m 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 (23.5%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Broadcom Foundation has awarded 393 individual grants totaling $17,723,040. 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 |
|---|---|---|---|
Paula Golden Executive Dir, Pres | 40 | $348,537 | |
Carl Mckinzie Dir | 1 | $0 | |
Henry Samueli Dir | 1 | $0 | |
Maria Wronski Cfo, Sec | 20 | $147,641 | |
Carol Mcdonald Executive Admin | 40 | $77,334 | |
Dana Orsini Sr Communication Mgr | 20 | $63,559 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Covington Capital Management | 12/30/22 | $391,985 |
Foundation Source | 12/30/22 | $96,400 |
Litco | 12/30/22 | $53,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,505 |
| Interest on Savings | $71,321 |
| Dividends & Interest | $2,654,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,074,073 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105 |
| Total Revenue | $1,654,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $496,178 |
| Other employee salaries and wages | $164,917 |
| Pension plans, employee benefits | $120,062 |
| Interest | $0 |
| Taxes | $65,732 |
| Depreciation | $0 |
| Occupancy | $8,141 |
| Travel, conferences, and meetings | $53,970 |
| Printing and publications | $77,018 |
| Other expenses | $191,922 |
| Total operating and administrative expenses | $1,785,477 |
| Contributions, gifts, grants paid | $4,819,708 |
| Total expenses and disbursements | $6,605,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,741,423 |
| Net Accounts receivable | $23,598 |
| 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 | $28,127 |
| Total assets | $94,912,858 |
| 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, Broadcom Foundation has awarded $4,819,708 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA ACADEMY OF SCIENCE PURPOSE: FAIR FUND / BROADCOM CODING WITH COMMITMENT / COMMUNITY OUTREACH | $5,000 |
ACADEMY OF SCIENCE OF ST LOUIS PURPOSE: FAIR FUND / BROADCOM CODING WITH COMMITMENT / COMMUNITY OUTREACH | $10,000 |
ALAMEDA COUNTY SCIENCE AND ENGINEERING FAIR ASSOCI PURPOSE: FAIR FUND / BROADCOM CODING WITH COMMITMENT / COMMUNITY OUTREACH | $5,000 |
ALASKA SCIENCE AND ENGINEERING FAIR INCORPORATED PURPOSE: FAIR FUND / BROADCOM CODING WITH COMMITMENT / COMMUNITY OUTREACH | $1,500 |
AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY INC PURPOSE: TO DEVELOP AND ENHANCE A FABLAB IN TAU'S DESIGNATED SPACE OF THE BROADCOM BUILDING UNDER THE DIRECTION OF DEAN YOSSI ROSENWAKS | $75,000 |
AUSTIN SCIENCE EDUCATION FOUNDATION PURPOSE: FAIR FUND / BROADCOM CODING WITH COMMITMENT / COMMUNITY OUTREACH | $10,000 |