Shaffer Family Foundation
- Assets
- $22.4m
- Revenue
- $1.2m
- Investments
- $20.1m
- Employees
- 0
- Location
- Del Mar, CA
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 45-6314648
Organization Overview
Shaffer Family Foundation is located in Del Mar, CA. The organization was established in 2011. 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. Shaffer Family 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, Shaffer Family Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Shaffer Family Foundation has awarded 76 individual grants totaling $17,187,600. 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 |
|---|---|---|---|
Tanya L Shaffer Trustee | 10 | $0 | |
Kelly C Shaffer Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,500 |
| Interest on Savings | $88,021 |
| Dividends & Interest | $769,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $226,356 |
| Capital Gain Net Income | $227,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,601 |
| Total Revenue | $1,239,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,382 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $178,527 |
| Contributions, gifts, grants paid | $2,660,000 |
| Total expenses and disbursements | $2,838,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,338,525 |
| 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 | $2,118,418 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,032 |
| Total assets | $22,426,411 |
| 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, Shaffer Family Foundation has awarded $2,660,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SCRIPPS HEALTH FOUNDATION PURPOSE: FUNDING RESEARCH FOR BONE & CARTILAGE REGENERATION | $900,000 |
SANFORD BURNHAM PREBYS MEDICAL DISC PURPOSE: SUPPORT GRADUATE STUDENT AND POST-DOCTORAL SALARIES IN JEROLD CHUN'S LAB FOR WORK ON ALZHEIMERS | $100,000 |
PALO VERDE HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $5,000 |
UCLA FOUNDATION PURPOSE: FUNDING RESEARCH AND EDUCATION RELATING TO ESRD DIALYSIS CORE | $125,000 |
UCLA FOUNDATION PURPOSE: CNSI, DR. MILLER, FUNDING RESEARCH AND EDUCATION RELATING TO PRECISION ANITBIOTICS | $100,000 |
INSTITUTE FOR BIOMEDICAL SCIENCES PURPOSE: DR. PETER CHEN'S RESEARCH IN JOINT TISSUE ISSUES. | $85,000 |