Ocf Joseph E Weston Public Foundation
- Assets
- $573.3m
- Revenue
- $42.1m
- Investments
- $426.5m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 93-1046399
Organization Overview
Ocf Joseph E Weston Public Foundation is located in Portland, OR. The organization was established in 1992. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Ocf Joseph E Weston Public 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, Ocf Joseph E Weston Public Foundation generated $42.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $26.4m during the year ending 12/2022. While expenses have increased by 20.6% 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, Ocf Joseph E Weston Public Foundation has awarded 3,116 individual grants totaling $102,624,073. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OCF JOSEPH E. WESTON PUBLIC FOUNDATION (THE FOUNDATION) IS A SUPPORTING ORGANIZATION OF THE OREGON COMMUNITY FOUNDATION (OCF). THE FOUNDATION MAKES GRANTS THAT FURTHER THE MISSION OF OCF WHICH IS TO IMPROVE LIFE IN OREGON AND TO PROMOTE EFFECTIVE PHILANTHROPY.
Describe the Organization's Program Activity:
THE WESTON FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS ACROSS OREGON AND SW WASHINGTON. THE WESTON FOUNDATION MAKES GRANTS TO SUPPORT CHILDREN, THE WORKING POOR, PEOPLE WITH DISABILITIES, SENIOR CITIZENS AND THE HOMELESS. THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS AT OREGON PRIVATE ELEMENTARY/MIDDLE/HIGH SCHOOLS AND STUDENTS AT OREGON PRIVATE AND PUBLIC COLLEGES. IN 2022, THE FOUNDATION AWARDED GRANTS TO 530 ORGANIZATIONS; 576 ELEMENTARY/MIDDLE/HIGH SCHOOL STUDENTS RECEIVED SCHOLARSHIPS AND 421 COLLEGE STUDENTS RECEIVED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Assistant Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $31,850,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,568,441 |
| Noncash contributions included in lines 1a–1f | $34,092,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,418,441 |
| Total Program Service Revenue | $0 |
| Investment income | $2,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,680,832 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,101,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,759,903 |
| Grants and other assistance to domestic individuals. | $1,692,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $6,412 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,071 |
| Total functional expenses | $26,428,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,882,732 |
| Savings and temporary cash investments | $6,732,817 |
| Pledges and grants receivable | $1,219,182 |
| 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 | $134,007,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $426,504,873 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,347,552 |
| Accounts payable and accrued expenses | $5,801 |
| Grants payable | $2,733,750 |
| 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 | $0 |
| Total liabilities | $2,739,551 |
| Net assets without donor restrictions | $570,608,001 |
| Net assets with donor restrictions | $0 |
| 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 | $573,347,552 |
Grants Awarded
Over the last fiscal year, Ocf Joseph E Weston Public Foundation has awarded $21,956,703 in support to 510 organizations.
| Grant Recipient | Amount |
|---|---|
211INFO PURPOSE: Human Services | $22,500 |
A FAMILY FOR EVERY CHILD PURPOSE: Child Welfare | $35,000 |
A VILLAGE FOR ONE PURPOSE: Mental Health and Substance Abuse | $20,000 |
ABBEY FOUNDATION OF OREGON PURPOSE: Religion | $11,000 |
ACCESS PURPOSE: Housing | $10,000 |
ALBERTINA KERR CENTERS PURPOSE: OST and Mentoring | $137,500 |