Visa Foundation
- Assets
- $452.1m
- Revenue
- $75.2m
- Investments
- $425.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2017
- Data as of
- 09/2021
- EIN
- 81-4503596
Organization Overview
Visa Foundation is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Visa 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 09/2021, Visa Foundation generated $75.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 63.6% each year . All expenses for the organization totaled $28.1m during the year ending 09/2021. While expenses have increased by 9.3% 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, Visa Foundation has awarded 76 individual grants totaling $48,654,344. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING LAB - AIMS TO AUGMENT THE EQUITABLE ACCESS INITIATIVE VIA A PORTFOLIO-WIDE LEARNING AGENDA, CAPACITY BUILDING FOR PARTNERS & DISSEMINATION OF LEARNINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke D Arena Sec | 1 | $0 | |
Michelle Gethers-Clark Dir | 1 | $0 | |
Alfred F Kelly Jr Dir | 1 | $0 | |
Lynne Biggar Dir | 1 | $0 | |
Najada Kumbuli Head Of Mission Investments | 1 | $0 | |
Beth Hurvitz Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sonen Capital Llc | 9/29/21 | $400,000 |
Reos Us Inc | 9/29/21 | $131,940 |
Foundation Source | 9/29/21 | $173,400 |
Ft Publications Inc | 9/29/21 | $136,000 |
Wells Fargo Bank Na Trust Operations | 9/29/21 | $71,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,975 |
| Dividends & Interest | $7,094,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,096,907 |
| Capital Gain Net Income | $68,096,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $896 |
| Total Revenue | $75,228,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,036,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176,146 |
| Total operating and administrative expenses | $2,117,374 |
| Contributions, gifts, grants paid | $25,981,450 |
| Total expenses and disbursements | $28,098,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,395,789 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,442,882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,456,265 |
| Total assets | $452,119,857 |
| 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, Visa Foundation has awarded $25,981,450 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
GAVI ALLIANCE PURPOSE: TO PROVIDE ACCESS TO THE COVID-19 VACCINE IN 92 LOW- AND MIDDLE-INCOME ECONOMIES THROUGH ITS COVAX AMC FACILITY | $4,500,000 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $3,523,627 |
INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT PURPOSE: TO SUPPORT FINANCIAL INCLUSION BY FACILITATING ACCESS TO FINANCIAL TOOLS; SUPPORTING LOW-INCOME WOMEN AND WOMEN-OWNED ENTERPRISES, AND BY SUPPORTING THE DEVELOPMENT AND SCALING OF SUSTAINABLE FINANCIAL SERVICES PRODUCTS | $1,750,000 |
New York, NY PURPOSE: FOR SUPPORT OF INCREASING SMALL BUSINESS RESILIENCY FOR WOMEN ENTREPRENEURS OF COLOR | $1,500,000 |
PRO MUJER INC PURPOSE: TO PROMOTE INCLUSIVE ECONOMIC GROWTH AND SUPPORT WOMEN-RUN MICRO AND SMALL BUSINESSES IN LATIN AMERICA THROUGH THE DEVELOPMENT OF AN ONLINE EDUCATIONAL PLATFORM | $1,000,000 |
Oakland, CA PURPOSE: BLACK FUTURE OPPORTUNITY, INC. | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |