Jack Kent Cooke Foundation
- Assets
- $827.1m
- Revenue
- $46.4m
- Investments
- $778.4m
- Employees
- 0
- Location
- Lansdowne, VA
- Founding
- 08/2015
- Data as of
- 05/2023
- EIN
- 54-1896244
Organization Overview
Jack Kent Cooke Foundation is located in Lansdowne, VA. The organization was established in 2015. 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. Jack Kent Cooke 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 05/2023, Jack Kent Cooke Foundation generated $46.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $45.0m during the year ending 05/2023. While expenses have increased by 4.2% 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 2016, Jack Kent Cooke Foundation has awarded 11,594 individual grants totaling $203,074,495. 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:
UNDERGRADUATE SCHOLARSHIP PROGRAMS - SEE ATTACHED
YOUNG SCHOLARS PROGRAM - SEE ATTACHED
GRADUATE SCHOLARSHIP PROGRAMS - SEE ATTACHED
ALUMNI PROGRAMS - SEE ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guiseppe Basili Executive Director | 40 | $538,193 | |
Marianne Stanley CFO | 40 | $320,042 | |
John Kent Cooke Sr Director | 2.9 | $0 | |
Gregory R Dillon Director | 6.5 | $48,000 | |
Linda J King Director | 5.5 | $48,000 | |
Ted Mitchell Director | 3.4 | $48,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cornerstone Partners Llc | 5/30/23 | $1,340,584 |
Vy Capital | 5/30/23 | $437,672 |
Private Real Estate Fund #2 #3 #13 #14 | 5/30/23 | $877,419 |
Longshort Hedge Fund #2 | 5/30/23 | $380,361 |
The Mangrove Partners Fund (Cayman Drawdown) L | 5/30/23 | $342,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $78,485 |
| Interest on Savings | $905,236 |
| Dividends & Interest | $7,904,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,511,928 |
| Capital Gain Net Income | $31,480,364 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,748 |
| Total Revenue | $46,441,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,142,235 |
| Other employee salaries and wages | $5,780,570 |
| Pension plans, employee benefits | $2,250,614 |
| Interest | $291,099 |
| Taxes | $513,967 |
| Depreciation | $519,217 |
| Occupancy | $617,939 |
| Travel, conferences, and meetings | $203,825 |
| Printing and publications | $33,376 |
| Other expenses | $2,019,988 |
| Total operating and administrative expenses | $17,506,061 |
| Contributions, gifts, grants paid | $27,522,874 |
| Total expenses and disbursements | $45,028,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,845,433 |
| Savings and temporary cash investments | $0 |
| 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 | $1,065,747 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $535,184,714 |
| Net Land, buildings, and equipment | $12,861,535 |
| Other assets | $12,987,139 |
| Total assets | $827,130,951 |
| Accounts payable and accrued expenses | $1,428,932 |
| Grants payable | $8,180,618 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $12,417,278 |
| Other liabilities | $2,035,411 |
| Total liabilities | $24,062,239 |
Grants Awarded
Over the last fiscal year, Jack Kent Cooke Foundation has awarded $36,402,106 in support to 1,945 organizations.
| Grant Recipient | Amount |
|---|---|
AAKASH HAQUE PURPOSE: EDUCATIONAL SCHOLARSHIP | $14,328 |
AALIYAH AVELLANEDA PURPOSE: EDUCATIONAL SCHOLARSHIP | $21,132 |
AALIYAH AVELLANEDA PURPOSE: EDUCATIONAL INTERNSHIP | $6,000 |
AAMIRA BROWN PURPOSE: EDUCATIONAL SCHOLARSHIP | $30,455 |
ABBY BURLISON PURPOSE: EDUCATIONAL SCHOLARSHIP | $14,550 |
ABDELLAH AMRHAR PURPOSE: EDUCATIONAL SCHOLARSHIP | $24,536 |