Avis Family Foundation
- Assets
- $39.1m
- Revenue
- $3.9m
- Investments
- $36.3m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 77-0546893
Organization Overview
Avis Family Foundation is located in Menlo Park, CA. The organization was established in 2000. 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. Avis Family 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, Avis Family Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Avis Family Foundation has awarded 24 individual grants totaling $8,741,766. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory M Avis President | 0.25 | $0 | |
Anne R Avis Vice President | 0.25 | $0 | |
Emily R Avis Chief Financial Officer | 0.25 | $0 | |
Charles D Avis Secretary | 0.25 | $0 | |
Frederic K Avis Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $883,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,948,356 |
| Capital Gain Net Income | $2,948,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $91,972 |
| Total Revenue | $3,923,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $35,557 |
| Taxes | $107,483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350,356 |
| Total operating and administrative expenses | $524,396 |
| Contributions, gifts, grants paid | $2,085,051 |
| Total expenses and disbursements | $2,609,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,353,311 |
| 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 | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,961,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,137,246 |
| Accounts payable and accrued expenses | $12,243 |
| 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 | $12,243 |
Grants Awarded
Over the last fiscal year, Avis Family Foundation has awarded $2,085,051 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
EVERSIDE FOUNDERS FUND LP CASH DONATION (PASS THROUGH) PURPOSE: CHARITABLE PURPOSES | $31 |
EVERSIDE FUND II LP CASH DONATION (PASS THROUGH) PURPOSE: CHARITABLE PURPOSES | $13 |
NPR FOUNDATION PURPOSE: CHARITABLE PURPOSES | $25,000 |
SCHWAB CHARITABLE FUND PURPOSE: CHARITABLE PURPOSES | $2,060,000 |
EVERSIDE FUND III LP CASH DONATION (PASS THROUGH) PURPOSE: CHARITABLE PURPOSES | $7 |