Hirji Wigglesworth Fam Foundation
- Assets
- $136.7m
- Revenue
- -$28.0m
- Investments
- $135.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-3755992
Organization Overview
Hirji Wigglesworth Fam Foundation is located in Los Angeles, CA. The organization was established in 2018. 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. Hirji Wigglesworth Fam Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asiff S Hirji Co-Trustee | 1 | $0 | |
Sarah B Wigglesworth Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,686,739 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,855,708 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $136,915 |
| Total Revenue | -$28,032,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $80,708 |
| Taxes | $151,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $419,967 |
| Total operating and administrative expenses | $898,258 |
| Contributions, gifts, grants paid | $5,000,000 |
| Total expenses and disbursements | $5,898,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,654 |
| Savings and temporary cash investments | $0 |
| 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 | $259,483 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,716,945 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $136,742,197 |
| 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 | $2,736 |
| Total liabilities | $2,736 |
Grants Awarded
Over the last fiscal year, Hirji Wigglesworth Fam Foundation has awarded $5,000,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRE FOR EFFECTIVE ALTRUISM USA PURPOSE: ALTRUISM | $300,000 |
UCI FOUNDATION PURPOSE: EDUCATIONAL PROGRAMS | $900,000 |
UC BERKELEY FOUNDATION PURPOSE: EDUCATIONAL PROGRAMS | $500,000 |
NUCLEAR THREAT INITIATIVE INC PURPOSE: GLOBAL SECURITY | $1,200,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL PROGRAMS | $1,000,000 |
EVIDENCE ACTION PURPOSE: GLOBAL HEALTH | $600,000 |