Khyentse Foundation
- Assets
- $48.5m
- Revenue
- $4.1m
- Investments
- $995.2k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2002
- Data as of
- 06/2022
- 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 06/2022, Khyentse Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Khyentse Foundation has awarded 110 individual grants totaling $12,479,732. 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
2022
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 UNIVERSITY OF SYDNEY TO SUPPORT TEACHING AND RESEARCH IN TIBETAN BUDDHISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cangioli Che Executive Director | OfficerTrustee | 40 | $0 |
Dzongsar Jamyang Khyentse Rinpoche Chairperson | OfficerTrustee | 7 | $0 |
Angie Tsai Boardmember | Trustee | 1 | $0 |
Anita Lee Boardmember | Trustee | 1 | $0 |
Asha Pillai-Balsara Boardmember | Trustee | 1 | $0 |
Carolyn Yeh Boardmember | Trustee | 10 | $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 | $2,706,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,706,235 |
| Total Program Service Revenue | $0 |
| Investment income | $1,285,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,055,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,646,590 |
| Grants and other assistance to domestic individuals. | $436,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,294,556 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,723 |
| Compensation of current officers, directors, key employees. | $63,723 |
| 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 | $6,000 |
| Fees for services: Accounting | $16,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,198 |
| Fees for services: Other | $138,743 |
| Advertising and promotion | $0 |
| Office expenses | $118,064 |
| Information technology | $111,143 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,800 |
| Insurance | $11,855 |
| All other expenses | $945 |
| Total functional expenses | $9,009,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,766,441 |
| Savings and temporary cash investments | $9,013,751 |
| 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 | $1,168,950 |
| Investments—publicly traded securities | $35,523,913 |
| Investments—other securities | $995,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,468,286 |
| 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 | $8,405 |
| Total liabilities | $8,405 |
| Net assets without donor restrictions | $47,500,734 |
| Net assets with donor restrictions | $959,147 |
| 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 | $48,468,286 |
Grants Awarded
Over the last fiscal year, Khyentse Foundation has awarded $1,605,934 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ABIDING HEART EDUCATION PURPOSE: GRANT TO SUPPORT TRAINING FOR KINDERGARTEN AND ELEMENTARY TEACHERS IN ABIDING HEART EDUCATION | $15,000 |
BUDDHIST DIGITAL RESOURCE CENTER (BDRC) PURPOSE: GRANT TO SUPPORT BDRC TO DIGITALLY ARCHIVE AND MAKE ACCESSIBLE THE ENTIRE TIBETAN COLLECTION HELD BY THE NATIONAL LIBRARY OF MONGOLIA (NLM.) | $350,000 |
BUDDHIST DIGITAL RESOURCE CENTER (BDRC) PURPOSE: GRANT TO DIGITALLY ARCHIVE AND MAKE ACCESSIBLE THE ENTIRE TIBETAN COLLECTION HELD BY THE NATIONAL LIBRARY OF MONGOLIA (NLM). | $84,000 |
BUDDHIST DIGITAL RESOURCE CENTER (BDRC) PURPOSE: YEAR 2 FPL DIGITIZATION PROJECT PHASE 2 | $240,926 |
BUDDHIST MEDITATION COMMUNITY AT DUKE UNIVERSITY PURPOSE: GRANT TO SUPPORT BUDDHIST CHAPLAIN AT DUKE UNIVERSITY | $7,500 |
HEAD OF THE TIBETAN NYINGMA MEDITATION CENTER (MANGALAM RESEARCH CENTER FOR PURPOSE: GRANT SUPPORTING A PROJECT TO COMPLETE A MACHINE-READABLE COLLECTION OF BUDDHIST SANSKRIT LITERATURE | $64,637 |