The Grove Foundation
- Assets
- $0.0
- Revenue
- $30.1m
- Investments
- $69.4m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 09/1986
- Data as of
- 09/2020
- 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 09/2020, Grove Foundation generated $30.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $20.3m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grove Foundation has awarded 444 individual grants totaling $68,294,233. 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 | |
Leslie Dorosin Co-Executive Director/cfo | 15 | $0 | |
Eva K Grove Secretary | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Learning For Action | 9/29/17 | $85,807 |
C Danene Sorace | 9/29/17 | $68,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,870,705 |
| Interest on Savings | $1,495,675 |
| Dividends & Interest | $503,127 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,295 |
| Total Revenue | $30,060,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,545 |
| Printing and publications | $35 |
| Total operating and administrative expenses | $644,470 |
| Contributions, gifts, grants paid | $19,656,500 |
| Total expenses and disbursements | $20,300,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,878,053 |
| Other assets | $5,352,874 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Grove Foundation has awarded $20,489,150 in support to 160 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROJECT SUPPORT | $1,115,000 |
New York, NY PURPOSE: PROJECT SUPPORT | $860,000 |
San Jose, CA PURPOSE: GENERAL SUPPORT & PROJECT SUPPORT | $825,000 |
San Francisco, CA PURPOSE: PROJECT SUPPORT | $705,000 |
Washington, DC PURPOSE: GENERAL SUPPORT & PROJECT SUPPORT | $645,000 |
Washington, DC PURPOSE: PROJECT SUPPORT | $417,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Grove Foundation has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
David And Lucile Packard Foundation Los Altos, CA PURPOSE: REPRODUCTIVE HEALTH | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |
Resnick Foundation Los Angeles, CA | $16,158,618 | $25,090,034 |