Visa Foundation
- Assets
- $405.4m
- Revenue
- $10.0m
- Investments
- $378.8m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2017
- Data as of
- 09/2023
- 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 09/2023, Visa Foundation generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $37.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Visa Foundation has awarded 176 individual grants totaling $111,786,107. 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
2023
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 | |
Frank Cooper Dir | 1 | $0 | |
Michelle Gethers-Clark Dir, Vice Chair | 1 | $0 | |
Oliver Jenkyn Dir | 1 | $0 | |
Kathleen Kavanagh Dir | 1 | $0 | |
Alfred F Kelly Jr Dir, Chair Of The Board | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Addepar Inc | 9/29/23 | $65,000 |
Foundation Source | 9/29/23 | $173,400 |
Porter Novelli Inc | 9/29/23 | $368,686 |
Sonen Capital Llc | 9/29/23 | $762,500 |
Asian Venture Philanthropy Network Ltd | 9/29/23 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $213,537 |
| Dividends & Interest | $8,841,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,661 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $932,988 |
| Total Revenue | $9,980,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $164,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $983,935 |
| Total operating and administrative expenses | $2,744,014 |
| Contributions, gifts, grants paid | $35,053,968 |
| Total expenses and disbursements | $37,797,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,137,503 |
| 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 | $56,341,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,500,000 |
| Total assets | $405,449,829 |
| 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 $35,053,968 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
2X GLOBAL LIMITED PURPOSE: TO SUPPORT GLOBAL SCAN OF GENDER LENS PRIVATE EQUITY, VENTURE CAPITAL, AND PRIVATE DEBT FUNDS | $100,000 |
ADVERTISING COUNCIL INC PURPOSE: TO SUPPORT THE AD COUNCIL'S 2023 PUBLIC SERVICE AWARD DINNER HONORING JAMIE DIMON | $50,000 |
2X GLOBAL LIMITED PURPOSE: THE CLIMATE GENDER EQUITY FUND (CGEF) | $1,000,000 |
AFRICAN CAPACITY BUILDING FOUNDATION PURPOSE: TO SUPPORT ACBF'S STRATEGIC PLANNING PROCESS | $250,000 |
AFRICAN TECHNOLOGY INNOVATION HUBS INITIATIVE PURPOSE: TO SUPPORT AFRICAN TECHNOLOGY INNOVATION HUBS INITIATIVE REVUP WOMEN PROGRAMME | $500,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: TO SUPPORT THE MOROCCAN RED CRESCENT'S EMERGENCY APPEAL LAUNCHED ON SEPTEMBER 12, 2023, TO DELIVER ASSISTANCE AND SUPPORT THE RECOVERY OF PEOPLE AFFECTED BY THE 6.8 MAGNITUDE EARTHQUAKE IN MOROCCO | $250,000 |