Waverley Street Foundation
- Assets
- $0.0
- Revenue
- $151.3m
- Investments
- $2.0b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3242506
Organization Overview
Waverley Street Foundation is located in Palo Alto, CA. The organization was established in 2016. 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. Waverley Street 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, Waverley Street Foundation generated $151.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $146.3m during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 3 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 2020, Waverley Street Foundation has awarded 153 individual grants totaling $399,994,172. 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 |
|---|---|---|---|
Laurene Powell Jobs Vice Chair | 4 | $0 | |
Anne Marie Burgoyne Treasurer/secretary/director | 4 | $0 | |
J Bradley Powell Director | 4 | $0 | |
Reed Jobs Director | 4 | $0 | |
Mona Simpson Director | 4 | $0 | |
Michael Klein Director | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rosewood Family Advisors Llp | 12/30/22 | $384,451 |
The 360 Consulting Group Inc | 12/30/22 | $367,892 |
Frontline Solutions International Llc | 12/30/22 | $316,718 |
Cleary Gottlieb Steen & Hamilton Llp | 12/30/22 | $269,096 |
Depass Paulson Advisors Llc | 12/30/22 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,481,892 |
| Dividends & Interest | $46,795,401 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,049,332 |
| Total Revenue | $151,268,979 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $21,838,164 |
| Contributions, gifts, grants paid | $124,475,000 |
| Total expenses and disbursements | $146,313,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,803,482 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,652,405,810 |
| Other assets | $10,082,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Waverley Street Foundation has awarded $164,094,172 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
SOUL FIRE FARM INSTITUTE INC PURPOSE: GENERAL CHARITABLE PURPOSE | $600,000 |
CENTER FOR RURAL AFFAIRS PURPOSE: NATIONAL SUSTAINABLE AGRICULTURE COALITION | $1,000,000 |
ROCKEFELLER PHILANTHROPY ADVISORS INC PURPOSE: EQUATION CAMPAIGN | $1,000,000 |
THE NEW SCHOOL PURPOSE: TISHMAN ENVIRONMENT AND DESIGN CENTER | $2,000,000 |
PARTNERSHIP FOR SOUTHERN EQUITY INC PURPOSE: PROJECT JUSTICE 40 ACCELERATOR | $2,000,000 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: PROJECT FIONA COMMUNITY RECOVERY FUND FOR PUERTO RICO | $1,000,000 |