Swift Foundation
- Assets
- $66.8m
- Revenue
- $1.5m
- Investments
- $61.6m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 77-0559600
Organization Overview
Swift Foundation is located in Santa Barbara, CA. The organization was established in 2002. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swift 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 12/2021, Swift Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Swift Foundation has awarded 195 individual grants totaling $10,373,674. 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 |
|---|---|---|---|
Suzanne Benally Executive Director | 40 | $145,000 | |
Sonja Swift Sect'y/vp | 3 | $61,697 | |
Rosemary Hitchens Operations Mgr | 40 | $61,340 | |
John F Swift President/chair | 7.5 | $0 | |
Karen Swift Treasurer | 3 | $0 | |
Humberto Rios Labrada Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manchester Capital Management Llc | 12/30/19 | $247,134 |
Boston Common Asset Management | 12/30/19 | $52,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $796,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $652,222 |
| Capital Gain Net Income | $2,852,446 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,209 |
| Total Revenue | $1,459,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,697 |
| Other employee salaries and wages | $338,007 |
| Pension plans, employee benefits | $54,883 |
| Interest | $0 |
| Taxes | $120,440 |
| Depreciation | $0 |
| Occupancy | $24,289 |
| Travel, conferences, and meetings | $40,524 |
| Printing and publications | $0 |
| Other expenses | $59,089 |
| Total operating and administrative expenses | $1,216,748 |
| Contributions, gifts, grants paid | $4,568,525 |
| Total expenses and disbursements | $5,785,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,220,971 |
| 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 | $34,403 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,451,391 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,991,435 |
| Total assets | $66,818,197 |
| Accounts payable and accrued expenses | $46,479 |
| Grants payable | $1,321,583 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $231,373 |
| Total liabilities | $1,599,435 |
Grants Awarded
Over the last fiscal year, Swift Foundation has awarded $335,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: LAND STEWARDSHIP | $325,500 |
ACERT PURPOSE: PROTECTING BIOLOGICAL AND CULTURAL DIVERSITY OF PLANET EARTH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Columbia Estuary Partnership Portland, OR | $6,854,633 | $13,854,063 |
Rose Foundation For Communities And The Environment Oakland, CA | $13,720,278 | $9,215,891 |
Martis Fund Truckee, CA | $15,628,296 | $4,571,050 |
Swift Foundation Santa Barbara, CA | $66,818,197 | $1,459,109 |
Bay Area Industry Promotion Fund Oakland, CA | $19,424,290 | $5,651,706 |
Santa Monica Bay Foundation Playa Del Rey, CA | $2,169,499 | $3,100,072 |
Sherman Foundation Newport Beach, CA | $20,971,786 | $2,966,996 |
Inner City Education Family Los Angeles, CA | $28,478,454 | $2,246,800 |
Lake Tahoe Conservation Fund Tahoe City, CA | $9,891,050 | $3,551,350 |
Downtown Community Benefit District San Francisco, CA | $6,294,654 | $4,010,272 |
Living Coast Discovery Center Chula Vista, CA | $2,266,287 | $2,278,037 |
Laguna Canyon Foundation Laguna Beach, CA | $2,996,372 | $1,580,219 |