Gerson Bakar Foundation
- Assets
- $2.7b
- Revenue
- $1.9b
- Investments
- $2.6b
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 94-2949602
Organization Overview
Gerson Bakar Foundation is located in San Francisco, CA. The organization was established in 1984. 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. Gerson Bakar 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, Gerson Bakar Foundation generated $1.9b in total revenue. All expenses for the organization totaled $259.4m during the year ending 12/2021. While expenses have increased by 77.4% 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 2014, Gerson Bakar Foundation has awarded 491 individual grants totaling $1,043,786,323. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bass Bakar Chair/president/director | 1 | $0 | |
Richard L Greene Director | 1 | $0 | |
Anne Bakar Director | 1 | $0 | |
Phyllis Cook Director | 1 | $0 | |
Nanci Fredkin Director | 1 | $0 | |
Kathleen Mccormick Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hall Capital Partners Llc | 12/30/22 | $1,257,859 |
Deloitte Tax Llp | 12/30/22 | $304,500 |
Hightower | 12/30/22 | $241,152 |
Fox Rothschild Llp | 12/30/22 | $70,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,822,023,788 |
| Interest on Savings | $2,917,662 |
| Dividends & Interest | $2,002,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,218,627 |
| Capital Gain Net Income | $65,375,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,588,975 |
| Total Revenue | $1,929,752,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,793 |
| Other employee salaries and wages | $157,852 |
| Pension plans, employee benefits | $42,136 |
| Interest | $0 |
| Taxes | $1,625,801 |
| Depreciation | $23,096 |
| Occupancy | $6,518 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,670,407 |
| Total operating and administrative expenses | $12,695,405 |
| Contributions, gifts, grants paid | $246,737,901 |
| Total expenses and disbursements | $259,433,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,561,438 |
| Net Accounts receivable | $110,668 |
| 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 | $1,644,898,314 |
| Net Land, buildings, and equipment | $474,854 |
| Other assets | $17,240 |
| Total assets | $2,671,857,395 |
| Accounts payable and accrued expenses | $14,560 |
| 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 | $0 |
| Total liabilities | $14,560 |
Grants Awarded
Over the last fiscal year, Gerson Bakar Foundation has awarded $327,022,258 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION NORTHERN CALIFORNIA PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC ORCHESTRA PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: GENERAL SUPPORT | $1,000,000 |
BAKAR BIOENGUINUTY HUB PURPOSE: GENERAL SUPPORT | $12,402,000 |
BAY NATURE INSTITUTE PURPOSE: GENERAL SUPPORT | $500 |
ASIAN & PACIFIC ISLANDER WELLNESS CENTER INC PURPOSE: GENERAL SUPPORT | $1,000 |