Charles Koch Foundation
- Assets
- $813.8m
- Revenue
- $68.7m
- Investments
- $717.7m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 48-0918408
Organization Overview
Charles Koch Foundation is located in Arlington, VA. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Koch 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 12/2021, Charles Koch Foundation generated $68.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $103.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charles Koch Foundation has awarded 5,218 individual grants totaling $738,691,102. 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
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Stowers Executive Director | 50 | $367,889 | |
Brett Hinkey Sr. Program Officer | 50 | $237,589 | |
Charles Ruger Vp, Philanthropy | 50 | $218,776 | |
Brennan Brown Director, Higher Ed. | 50 | $212,052 | |
Jonathan Franklin COO | 50 | $211,984 | |
Kenneth Knueven Sr. Program Officer | 50 | $198,911 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1888 Management Llc | 12/30/21 | $55,870 |
Prairie Capital Management Llc | 12/30/21 | $87,220 |
Bkd Llp | 12/30/21 | $76,576 |
Gsv Summit Llc | 12/30/21 | $55,000 |
Common Group Llc | 12/30/21 | $164,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,318,418 |
| Interest on Savings | $15,072,765 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $60,988,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,330,373 |
| Total Revenue | $68,721,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $579,873 |
| Other employee salaries and wages | $4,264,947 |
| Pension plans, employee benefits | $276,317 |
| Interest | $0 |
| Taxes | $3,741,805 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $354,407 |
| Printing and publications | $3,292 |
| Other expenses | $111,703 |
| Total operating and administrative expenses | $9,768,498 |
| Contributions, gifts, grants paid | $93,802,357 |
| Total expenses and disbursements | $103,570,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,605 |
| Savings and temporary cash investments | $91,610,651 |
| Net Accounts receivable | $492 |
| 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 | $2,957,256 |
| Net Investments - land, buildings, equipment | $1,450,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $717,686,216 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $813,753,220 |
| Accounts payable and accrued expenses | $1,486,037 |
| Grants payable | $5,500,000 |
| 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 | $6,986,037 |
Grants Awarded
Over the last fiscal year, Charles Koch Foundation has awarded $92,988,357 in support to 357 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: GENERAL OPERATING SUPPORT | $14,880,000 |
Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $4,580,000 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $3,965,895 |
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $3,913,152 |
NEW YORK UNIVERSITY PURPOSE: GENERAL OPERATING SUPPORT | $3,735,281 |
Logan, UT PURPOSE: GENERAL OPERATING SUPPORT | $2,599,766 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Charles Koch Foundation has recieved totaling $1,230,980.
| Awarding Organization | Amount |
|---|---|
The Seminar Network Inc Arlington, VA PURPOSE: General Operating Support | $749,980 |
Troesh Family Foundation Henderson, NV PURPOSE: SAN JOSE STATE UNIVERSITY PROGRAM | $481,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Negro College Fund Inc Washington, DC | $653,425,402 | $223,757,044 |
Charles Koch Foundation Arlington, VA | $813,753,220 | $68,721,556 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |