Price Philanthropies Foundation
- Assets
- $470.6m
- Revenue
- $26.1m
- Investments
- $399.6m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 46-5129465
Organization Overview
Price Philanthropies Foundation is located in La Jolla, CA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Price Philanthropies 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 12/2023, Price Philanthropies Foundation generated $26.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $39.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Price Philanthropies Foundation has awarded 1,537 individual grants totaling $131,922,588. 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
2023
Describe the Organization's Program Activity:
CITY HEIGHTS REAL ESTATE (SEE STATEMENT 21)
APRENDER Y CRECER (SEE STATEMENT 21)
THE CITY HEIGHTS INITIATIVE (SEE STATEMENT 21)
CARDINALS INTERACT (SEE STATEMENT 21)
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Board, Officers & Key Employees
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eisneramper Llp | 12/30/23 | $119,295 |
The Wolfson Law Firm | 12/30/23 | $81,250 |
The Price Group Llc | 12/30/23 | $2,375,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,911,886 |
| Interest on Savings | $3,675,420 |
| Dividends & Interest | $6,970,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $398,718 |
| Capital Gain Net Income | $403,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,192,773 |
| Total Revenue | $26,148,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $495,000 |
| Other employee salaries and wages | $2,655,367 |
| Pension plans, employee benefits | $910,836 |
| Interest | $0 |
| Taxes | $687,023 |
| Depreciation | $3,110,577 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,040,792 |
| Total operating and administrative expenses | $20,543,017 |
| Contributions, gifts, grants paid | $18,885,464 |
| Total expenses and disbursements | $39,428,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,921 |
| Savings and temporary cash investments | $4,354,781 |
| Net Accounts receivable | $1,134,300 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $26,375 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,294 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $142,216,371 |
| Net Land, buildings, and equipment | $56,461,767 |
| Other assets | $8,612,676 |
| Total assets | $470,624,292 |
| Accounts payable and accrued expenses | $185,746 |
| 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 | $228,755 |
| Total liabilities | $414,501 |
Grants Awarded
Over the last fiscal year, Price Philanthropies Foundation has awarded $52,289,796 in support to 290 organizations.
| Grant Recipient | Amount |
|---|---|
A REASON TO SURVIVE - ARTS PURPOSE: GENERAL SUPPORT | $15,000 |
AIDS HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $7,500 |
ACLU FOUNDATION OF SAN DIEGO & IMPERIAL COUNTIES PURPOSE: GENERAL SUPPORT; PROGRAMS & PROJECTS | $350,000 |
ACCESS YOUTH ACADEMY PURPOSE: GENERAL SUPPORT | $10,000 |
AL OTRO LADO INC PURPOSE: GENERAL SUPPORT | $2,500 |
ALZHEIMERS SAN DIEGO PURPOSE: GENERAL SUPPORT | $2,000 |