Koret Foundation
- Assets
- $515.5m
- Revenue
- $39.1m
- Investments
- $162.6m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/1966
- Data as of
- 12/2021
- EIN
- 94-1624987
Organization Overview
Koret Foundation is located in San Francisco, CA. The organization was established in 1966. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koret 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, Koret Foundation generated $39.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $37.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Koret Foundation has awarded 1,701 individual grants totaling $331,268,201. 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 |
|---|---|---|---|
Jeffrey Farber Chief Executive Officer | 38 | $498,719 | |
Marlena Wong Chief Financial Officer | 38 | $261,947 | |
Danielle Foreman Director Of Programs | 38 | $234,522 | |
Ashley Rodwick Senior Program Offic | 38 | $137,849 | |
Jamie Wong Operations Manager/c | 38 | $129,392 | |
Alison Stein Grants Officer | 38 | $123,455 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Private Bank | 12/30/21 | $301,490 |
Redwood Real Estate Management | 12/30/21 | $622,191 |
Alter Domus | 12/30/21 | $160,000 |
West End Strategy Team Llc | 12/30/21 | $103,250 |
Armanino Llp | 12/30/21 | $77,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,398 |
| Dividends & Interest | $5,437,977 |
| Net Rental Income | $8,213,156 |
| Net Gain on Sale of Assets | $14,659,165 |
| Capital Gain Net Income | $14,659,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $39,088,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $869,667 |
| Other employee salaries and wages | $841,017 |
| Pension plans, employee benefits | $354,791 |
| Interest | $3,013,379 |
| Taxes | $1,033,520 |
| Depreciation | $971,575 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $28,055 |
| Printing and publications | $0 |
| Other expenses | $8,212,680 |
| Total operating and administrative expenses | $17,061,969 |
| Contributions, gifts, grants paid | $20,247,828 |
| Total expenses and disbursements | $37,309,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,187,741 |
| Savings and temporary cash investments | $11,920,207 |
| 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 | $638,904 |
| Net Investments - land, buildings, equipment | $315,020,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $31,773,414 |
| Net Land, buildings, and equipment | $13,451,209 |
| Other assets | $10,676,880 |
| Total assets | $515,520,670 |
| Accounts payable and accrued expenses | $1,440,946 |
| Grants payable | $67,908,101 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $79,096,387 |
| Other liabilities | $4,730,351 |
| Total liabilities | $153,175,785 |
Grants Awarded
Over the last fiscal year, Koret Foundation has awarded $58,174,683 in support to 381 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: EMANU-EL NEXT CAPITAL CAMPAIGN - 1:1 MATCH | $7,500,000 |
San Francisco, CA PURPOSE: BAY AREA JEWISH YOUTH INITIATIVE | $2,000,000 |
Los Angeles, CA PURPOSE: DEVELOPMENT OF A NEW GLOBAL HOLOCAUST EDUCATION PROGRAM FOR GRADES K12 | $1,500,000 |
New York, NY PURPOSE: STRATEGIC EXPANSION OF THE BAY AREA PROGRAM, NATIONAL EXPANSION BASED ON THE BAY AREA MODEL, AND BINATIONAL ORGANIZATIONAL CAPACITY BUILDING (GRANT PAYMENTS TO BEGIN IN 2020) | $1,500,000 |
San Francisco, CA PURPOSE: THE LONE MOUNTAIN DINING ROOM CAPITAL PROJECT | $1,425,000 |
New York, NY PURPOSE: STRATEGIC EXPANSION OF THE BAY AREA PROGRAM, NATIONAL EXPANSION BASED ON THE BAY AREA MODEL, AND BINATIONAL ORGANIZATIONAL CAPACITY BUILDING (GRANT PAYMENTS TO BEGIN IN 2020) | $1,250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Koret Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Azeez Foundation Palm Beach Gardens, FL PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Calstart Inc Pasadena, CA | $45,392,493 | $103,313,426 |
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |