Waverley Street Foundation
- Assets
- $3.0b
- Revenue
- $1.3b
- Investments
- $2.9b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 11/2016
- Data as of
- 12/2020
- 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 12/2020, Waverley Street Foundation generated $1.3b in total revenue. All expenses for the organization totaled $102.8m during the year ending 12/2020. While expenses have increased by 1.5% per year over the past 2 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 60 individual grants totaling $235,900,000. 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 | 0 | $0 | |
Anne Marie Burgoyne Treasurer/secretary/director | 0 | $0 | |
J Bradley Powell Director | 0 | $0 | |
Reed Jobs Director | 0 | $0 | |
Mona Simpson Director | 0 | $0 | |
Michael Klein Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adler & Colvin | 12/30/21 | $80,959 |
Rosewood Family Advisors Llp | 12/30/21 | $276,867 |
Wolf Hicks Consulting Dba Patternbreak | 12/30/21 | $162,500 |
Cleary Gottlieb Steen & Hamilton Llp | 12/30/21 | $436,735 |
Hope Theory | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,138,371,490 |
| Interest on Savings | $6,957,466 |
| Dividends & Interest | $42,067,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,710,211 |
| Capital Gain Net Income | $688,986,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,623,239 |
| Total Revenue | $1,311,729,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $460,677 |
| Taxes | $8,186,570 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,896,628 |
| Total operating and administrative expenses | $18,326,767 |
| Contributions, gifts, grants paid | $84,450,000 |
| Total expenses and disbursements | $102,776,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,593,079 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $17,300 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,165,833,641 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,082,000 |
| Total assets | $2,988,003,660 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Waverley Street Foundation has awarded $131,475,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL CHARITABLE PURPOSE | $36,000,000 |
ROOT CAPITAL INC PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000,000 |
THOUSAND CURRENTS PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000,000 |
THE MALALA FUND PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000,000 |
Boulder, CO PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000,000 |
Arlington, VA PURPOSE: $1 MILLION FOR GENERAL OPERATING SUPPORT AND $7.5 MILLION FOR FORESTS & CLIMATE FUND | $8,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $7,102,375,761 | $894,057,700 |
David And Lucile Packard Foundation Los Altos, CA | $0 | $658,614,112 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $0 | $528,454,632 |
Gerson Bakar Foundation San Francisco, CA | $2,671,857,395 | $1,929,752,035 |
Carl Victor Page Memorial Foundation Palo Alto, CA | $3,530,742,616 | $1,087,074,441 |
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ | $496,549,315 | $85,713,153 |
The Heising-Simons Foundation Los Altos, CA | $866,467,309 | $244,878,185 |
Bin Lin And Daisy Liu Family Foundation Fremont, CA | $227,760,848 | $146,668,013 |
Sequoia Climate Fund Irvine, CA | $47,430,446 | $181,073,206 |
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |