The Grove Foundation
- Assets
- $94.3m
- Revenue
- $6.7m
- Investments
- $61.5m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 09/1986
- Data as of
- 09/2022
- EIN
- 77-0108124
Organization Overview
The Grove Foundation is located in Los Altos, CA. The organization was established in 1986. 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. Grove 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 09/2022, Grove Foundation generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (39.7%) each year. All expenses for the organization totaled $24.2m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grove Foundation has awarded 759 individual grants totaling $111,127,733. 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 |
|---|---|---|---|
Karen Grove Board Chair | 8 | $0 | |
Eva K Grove Secretary (thru 5/31/23) | 6 | $0 | |
Leslie Dorosin Treasurer/cfo | 15 | $0 | |
Blanch Vance Secretary (from 8/8/23) | 21 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Candide Group | 9/29/23 | $69,636 |
Momentum Solutions Team Llc | 9/29/23 | $65,250 |
Learning For Action | 9/29/23 | $56,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,035,432 |
| Dividends & Interest | $147,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,552,476 |
| Capital Gain Net Income | $3,782,596 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,288 |
| Total Revenue | $6,740,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101,052 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,201 |
| Printing and publications | $0 |
| Other expenses | $82,557 |
| Total operating and administrative expenses | $730,170 |
| Contributions, gifts, grants paid | $23,508,106 |
| Total expenses and disbursements | $24,238,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,678,661 |
| 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 | $40,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,346,738 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,043,772 |
| Total assets | $94,289,175 |
| Accounts payable and accrued expenses | $454 |
| Grants payable | $3,360,000 |
| 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 | $3,360,454 |
Grants Awarded
Over the last fiscal year, The Grove Foundation has awarded $19,191,500 in support to 144 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION FREEDOM PARTNERSHIP PURPOSE: REPROCARE HEALTHLINE | $30,000 |
ACCESS REPRODUCTIVE JUSTICE PURPOSE: CALIFORNIA FUTURE OF ABORTION COUNCIL | $30,000 |
ACT FOR WOMEN AND GIRLS PURPOSE: GENERAL SUPPORT | $80,000 |
ADVOCATES FOR YOUTH PURPOSE: GENERAL SUPPORT; FOSE, AND WISE 2023-2024 | $555,000 |
ALAMEDA HEALTH SYSTEM FOUNDATION PURPOSE: BELOVEDBIRTH BLACK CENTERING | $100,000 |
AL OTRO LADO PURPOSE: GENERAL SUPPORT | $55,000 |