Thornburg Foundation
- Assets
- $141.6m
- Revenue
- $12.6m
- Investments
- $130.2m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 85-0457010
Organization Overview
Thornburg Foundation is located in Santa Fe, NM. The organization was established in 1999. 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. Thornburg 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 12/2022, Thornburg Foundation generated $12.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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 2015, Thornburg Foundation has awarded 940 individual grants totaling $41,359,649. 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 |
|---|---|---|---|
Garrett Thornburg President | 3 | $0 | |
Lloyd Thornburg Director | 1 | $0 | |
Elliot Thornburg Director | 1 | $0 | |
Alon Kasha Director | 1 | $0 | |
Allan Oliver Executive Director | 40 | $236,250 | |
Fred Nathan Director/secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/22 | $86,383 |
Golden Apple Consulting Llc | 12/30/22 | $54,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $1,005 |
| Dividends & Interest | $2,274,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $360,812 |
| Capital Gain Net Income | $360,812 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$7 |
| Total Revenue | $12,636,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $236,250 |
| Other employee salaries and wages | $537,314 |
| Pension plans, employee benefits | $160,132 |
| Interest | $0 |
| Taxes | $50,000 |
| Depreciation | $5,976 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44,550 |
| Printing and publications | $0 |
| Other expenses | $143,998 |
| Total operating and administrative expenses | $1,422,148 |
| Contributions, gifts, grants paid | $6,202,547 |
| Total expenses and disbursements | $7,624,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,370,655 |
| 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 | $11,603 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $130,238,389 |
| Net Land, buildings, and equipment | $12,022 |
| Other assets | $1,000 |
| Total assets | $141,633,669 |
| 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 | $10,997 |
| Total liabilities | $10,997 |
Grants Awarded
Over the last fiscal year, Thornburg Foundation has awarded $6,202,547 in support to 138 organizations.
| Grant Recipient | Amount |
|---|---|
AGRI-CULTURA COOPERATIVE NETWORK PURPOSE: POWER OF PROCUREMENT POLICY ADVOCACY | $30,000 |
ALBUQUERQUE COMMUNITY FOUNDATION PURPOSE: GREAT GRANT GIVEAWAY - NM STUDENT SUCCESS COALITION | $5,000 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: LAST GRANT INSTALLMENT FOR POLICE ACCOUNTABILITY STRATEGIST AND GENERAL OPERATING SUPPORT | $75,000 |
AMERICAN RIVERS INC PURPOSE: BUILDING A NM TEAM TO INCREASE AQUATIC CONNECTIVITY | $50,000 |
AUDUBON SOUTHWEST PURPOSE: BUILDING A RESILIENT WATER FUTURE FOR NEW MEXICO | $100,000 |
APS EDUCATION FOUNDATION PURPOSE: STRATEGIC PLAN FOR ABQ PUBLIC SCHOOLS | $50,000 |