The Susan Thompson Buffett Foundation
- Assets
- $1.9b
- Revenue
- $958.1m
- Investments
- $1.9b
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 47-6032365
Organization Overview
The Susan Thompson Buffett Foundation is located in Omaha, NE. The organization was established in 1964. 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. Susan Thompson Buffett 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, Susan Thompson Buffett Foundation generated $958.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $547.7m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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 2015, Susan Thompson Buffett Foundation has awarded 3,640 individual grants totaling $6,296,285,630. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALICE BUFFETT OUTSTANDING TEACHER AWARDS - 15 TEACHERS AWARDED $10,000 ($150,000 TOTAL)
SCHOLARSHIPS - AWARDED $36,648,498 IN SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Greenberg Director | 1 | $0 | |
Michael Greenberg Director | 1 | $0 | |
Allen Greenberg President/director | 40 | $767,747 | |
Melissa How Sec./dir Grants & Finance Thru 03/22 | 40 | $111,263 | |
Susan A Buffett Board Chair | 1 | $0 | |
Peter A Buffett Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norc At The University Of Chicago | 12/30/22 | $5,561,661 |
Delivery Associates | 12/30/22 | $2,898,000 |
East Tennessee State | 12/30/22 | $1,757,817 |
Indiana University | 12/30/22 | $2,616,394 |
Thompson Coburn Llp | 12/30/22 | $1,800,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $780,996,489 |
| Interest on Savings | $0 |
| Dividends & Interest | $489,715 |
| Net Rental Income | $29,323 |
| Net Gain on Sale of Assets | $174,246,121 |
| Capital Gain Net Income | $174,246,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,947,363 |
| Total Revenue | $958,109,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,144,701 |
| Other employee salaries and wages | $8,724,774 |
| Pension plans, employee benefits | $2,707,542 |
| Interest | $0 |
| Taxes | $3,720,182 |
| Depreciation | $1,304,386 |
| Occupancy | $1,754,403 |
| Travel, conferences, and meetings | $912,169 |
| Printing and publications | $21,845 |
| Other expenses | $596,797 |
| Total operating and administrative expenses | $52,220,340 |
| Contributions, gifts, grants paid | $495,514,975 |
| Total expenses and disbursements | $547,735,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,364,972 |
| 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 | $12,333,087 |
| Other assets | $0 |
| Total assets | $1,922,627,251 |
| Accounts payable and accrued expenses | $29,310 |
| 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 | $29,310 |
Grants Awarded
Over the last fiscal year, The Susan Thompson Buffett Foundation has awarded $585,407,623 in support to 376 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION CARE NETWORK PURPOSE: PROJECT SUPPORT | $754,926 |
ACLU OF COLORADO PURPOSE: PROJECT SUPPORT | $50,000 |
ACLU OF KANSAS PURPOSE: PROJECT SUPPORT | $100,657 |
ACLU OF NEW MEXICO FOUNDATION PURPOSE: PROJECT SUPPORT | $301,650 |
ACOG FOUNDATION PURPOSE: PROJECT SUPPORT | $1,500,064 |
AFRICAN FIELD EPIDEMIOLOGY NETWORK PURPOSE: PROJECT SUPPORT | $3,000,000 |