Thornburg Foundation
- Assets
- $136.6m
- Revenue
- $28.4m
- Investments
- $130.1m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 01/1999
- Data as of
- 12/2021
- 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 12/2021, Thornburg Foundation generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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 802 individual grants totaling $35,157,102. 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 |
|---|---|---|---|
Allan Oliver Executive Director | 40 | $222,500 | |
Steven M Weinberg II Policy Officer | 40 | $135,472 | |
Heather Balas Policy Officer | 40 | $132,685 | |
Patrick Mccarthy Policy Officer | 40 | $93,611 | |
Leslie Garcia Admin Director | 40 | $90,026 | |
Alon Kasha Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,630,859 |
| Interest on Savings | $2,067 |
| Dividends & Interest | $1,959,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,672,308 |
| Capital Gain Net Income | $11,672,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $143,245 |
| Total Revenue | $28,408,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,500 |
| Other employee salaries and wages | $536,120 |
| Pension plans, employee benefits | $152,241 |
| Interest | $0 |
| Taxes | $200,000 |
| Depreciation | $3,296 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,689 |
| Printing and publications | $0 |
| Other expenses | $106,786 |
| Total operating and administrative expenses | $1,272,865 |
| Contributions, gifts, grants paid | $5,591,558 |
| Total expenses and disbursements | $6,864,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,506 |
| Savings and temporary cash investments | $6,525,557 |
| 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 | $130,069,494 |
| Net Land, buildings, and equipment | $6,076 |
| Other assets | $7,250 |
| Total assets | $136,610,883 |
| 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 | $243 |
| Total liabilities | $243 |
Grants Awarded
Over the last fiscal year, Thornburg Foundation has awarded $5,591,558 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
COMMON CAUSE OF NEW MEXICO PURPOSE: THE NEW MEXICO PLEDGE FOR GOOD GOVERNMENT | $250,000 |
Santa Fe, NM PURPOSE: NEW MEXICO LAND STEWARTSHIP INITIATIVE PHASE 7 | $230,000 |
NATIONAL DANCE INSTITUTE PURPOSE: OPERATING SUPPORT | $150,000 |
New York, NY PURPOSE: TRANSFORMING EDUCATOR PREPARATION ACROSS NM THROUGH AFFORDABLE, SUSTAINABLE RESIDENCIES | $150,000 |
NM SCHOOL FOR THE ARTS -AI PURPOSE: OPERATING SUPPORT NMSA HEAD OF SCHOOL | $125,000 |
Albuquerque, NM PURPOSE: OPERATING SUPPORT | $112,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |