Khyentse Foundation
- Assets
- $60.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 91-2167303
Organization Overview
Khyentse Foundation is located in San Francisco, CA. The organization was established in 2002. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Khyentse 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 06/2021, Khyentse Foundation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $6.6m during the year ending 06/2021. While expenses have increased by 25.7% per year over the past 6 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, Khyentse Foundation has awarded 101 individual grants totaling $12,593,549. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXT PRESERVATION: PRESERVATION OF BUDDHIST TEXT IS A FUNDAMENTAL ACTIVITY OF KHYENTSE FOUNDATION, WHICH SUPPORTS THE CONSERVATION INITIATIVES OF MANY LIKE-MINDED ORGANIZATIONS IN ORDER TO ENSURE THAT THE HERITAGE OF BUDDHIST WISDOM TRADITIONS IS PRESERVED AND MADE AVAILABLE FOR GENERATIONS TO COME.
EDUCATION PROGRAMS: SUPPORT FOR WORLDWIDE EDUCATION INITIATIVES BASED ON BUDDHIST PRINCIPLES; PARTICULARLY FOR PROGRAMS WITH A LONG-TERM VISION FOR FUTURE GENERATIONS OF BUDDHIST STUDENTS AND PRACTITIONERS THROUGH INNOVATIONS IN EDUCATION SYSTEMS, ESPECIALLY FOR THE EDUCATION OF CHILDREN; CURRENTLY SUPPORTING AN INDEPENDENT SCHOOL IN UPSTATE NEW YORK, AND IN SINGAPORE BASED ON BUDDHIST PRINCIPLES.
ACADEMIC DEVELOPMENT: TO EXPAND AND SUPPORT THE ACADEMIC STUDY OF BUDDHISM IN UNIVERSITIES AND BUDDHIST INSTITUTES AROUND THE WORLD. THIS INITIATIVE AIMS TO STRENGTHEN THE STUDY OF BUDDHISM AS A MAJOR PHILOSOPHY AND WORLD WISDOM HERITAGE WHICH WILL SIGNIFICANTLY INSPIRE AND BENEFIT BUDDHIST STUDY AND PRACTICE IN THE LONG TERM; SIGNIFICANT DONATION GIVEN THIS YEAR TO THE HEBREW UNIVERSITY OF JERUSALEM TO ESTABLISH A CHAIR OF BUDDHIST STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabel Pedrosa Boardmember | Trustee | 15 | $45,879 |
Marc Noailles Treasurer | Officer | 40 | $12,000 |
Cangioli Che Executive Director | OfficerTrustee | 40 | $0 |
Dzongsar Jamyang Khyentse Rinpoche Chairperson | OfficerTrustee | 7 | $0 |
Lisa Davidson Secretary | Officer | 2 | $0 |
Angie Tsai Boardmember | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,778,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,778,445 |
| Total Program Service Revenue | $0 |
| Investment income | $1,622,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $961,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,362,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,586,178 |
| Grants and other assistance to domestic individuals. | $281,398 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,223,105 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,434 |
| Compensation of current officers, directors, key employees. | $60,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,465 |
| Fees for services: Accounting | $20,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,497 |
| Advertising and promotion | $0 |
| Office expenses | $73,237 |
| Information technology | $107,761 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,905 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,250 |
| Insurance | $11,160 |
| All other expenses | $1,204 |
| Total functional expenses | $6,606,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,895 |
| Savings and temporary cash investments | $9,945,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,212,750 |
| Investments—publicly traded securities | $48,744,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,349,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,464 |
| Total liabilities | $7,464 |
| Net assets without donor restrictions | $59,343,684 |
| Net assets with donor restrictions | $998,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,349,679 |
Grants Awarded
Over the last fiscal year, Khyentse Foundation has awarded $2,586,178 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: ON BEHALF OF THE HEBREW UNIVERSITY OF JERUSALEM TO ESTABLISH A PERMANENT TENURE TRACK FACULTY POSITION/PROFESSORSHIP IN BUDDHIST STUDIES AT THE UNIVERSITY. | $1,000,000 |
BUDDHIST DIGITAL RESOURCE CENTER (BDRC) PURPOSE: SECOND YEAR OF THREE SUPPORT FOR VARIOUS TRANSLATIONS AND DIGITAL ARCHIVE PROJECTS | $350,000 |
Woodstock, NY PURPOSE: CONTINUED SUPPORT FOR THEIR THIRD YEAR OF A COMPREHENSIVE MODEL OF EDUCATION ROOTED IN CLASSICAL BUDDHIST WISDOM TRADITIONS, 2ND HALF OF ORIGINAL GRANT AWARD AMOUNT OF $196,631.50 PLUS AN INCREASE OF $125,027 | $321,658 |
Woodstock, NY PURPOSE: FUNDING TO SUPPORT MIDDLE WAY SCHOOL'S FOURTH ACADEMIC YEAR. | $318,133 |
BUDDHIST DIGITAL RESOURCE CENTER (BDRC) PURPOSE: YEAR ONE SUPPORT OF PHASE II OF THE FPL DIGITIZATION PROJECT | $169,217 |
Woodstock, NY PURPOSE: BUDDHIST EDUCATION FOR CHILDREN RESEARCH, DEVELOPMENT & DISSEMINATION OF INFORMATION | $80,361 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Khyentse Foundation has recieved totaling $80,810.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $36,308 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $29,202 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $10,000 |
Marbrook Corporate Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS OF THE ORGANIZATION | $5,000 |
Chintamani Foundation Aptos, CA PURPOSE: GENERAL DONATIONS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Falun Buddha Study Association San Jose, CA | $6,296,319 | $14,265,205 |
Khyentse Foundation San Francisco, CA | $60,349,679 | $7,362,261 |
Vietnanese Buddhist Meditation Congregation Inc Bonsall, CA | $9,161,110 | $5,723,304 |
Tribe Media Corp Los Angeles, CA | $548,666 | $3,414,428 |
Bukkyo Dendo Kyokai America Inc Moraga, CA | $12,018,243 | $1,744,603 |
Us Southwestern Falun Dafa Association El Monte, CA | $4,987,177 | $7,092,763 |
Buddhist Churches Of America-Endow San Francisco, CA | $48,222,934 | $3,035,371 |
Northern California Bodhi Dharma Society Milpitas, CA | $3,105,013 | $2,040,834 |
Dhammakaya International Meditation Center Azusa, CA | $17,013,433 | $1,779,242 |
Hong Shin Buddhist Center Chino, CA | $23,393,639 | $3,179,818 |
Against The Stream Buddhist Meditation Society Los Angeles, CA | $400,066 | $1,319,745 |
Bat Nha Meditation Institute Of America Santa Ana, CA | $4,101,645 | $975,241 |