George Ignatius Foundation
- Assets
- $3.4m
- Revenue
- $287.0k
- Investments
- $2.8m
- Employees
- 0
- Location
- Covina, CA
- Founding
- 09/1976
- Data as of
- 12/2022
- EIN
- 51-0198566
Organization Overview
George Ignatius Foundation is located in Covina, CA. The organization was established in 1976. 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. George Ignatius 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, George Ignatius Foundation generated $287.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $297.1k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 7 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 2017, George Ignatius Foundation has awarded 126 individual grants totaling $909,325. 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 |
|---|---|---|---|
George R Phillips Sr Chairman | 0 | $7,863 | |
Walter J Karabian Trustee | 0 | $7,863 | |
Michael R Amerian Trustee | 0 | $7,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,325 |
| Dividends & Interest | $107,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $177,822 |
| Capital Gain Net Income | $178,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,589 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,037 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $180 |
| Total operating and administrative expenses | $74,118 |
| Contributions, gifts, grants paid | $223,000 |
| Total expenses and disbursements | $297,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,937 |
| Savings and temporary cash investments | $86,848 |
| 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 | $2,811,579 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,362,364 |
| 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, George Ignatius Foundation has awarded $223,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
USC GOULD SCHOOL OF LAW PURPOSE: CHARITABLE ACTIVITIES | $50,000 |
AID BEYOND BORDERS PURPOSE: CHARITABLE ACTIVITIES | $25,000 |
HOLY MARTYRS FERRAHIAN HIGH SCHOOL PURPOSE: CHARITABLE ACTIVITIES | $20,000 |
ARMENIAN NATIONAL COMMITTEE OF AMER PURPOSE: CHARITABLE ACITIVITES | $17,500 |
Los Angeles, CA PURPOSE: CHARITABLE ACITIVITES | $11,000 |
ARMENIAN CHURCH WESTERN DIOCESE PURPOSE: CHARITABLE ACITIVITES | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |