Kenneth Rainin Foundation
- Assets
- $583.0m
- Revenue
- $9.4m
- Investments
- $471.1m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 94-3289283
Organization Overview
Kenneth Rainin Foundation is located in Oakland, CA. The organization was established in 1998. 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. Kenneth Rainin 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, Kenneth Rainin Foundation generated $9.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $30.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kenneth Rainin Foundation has awarded 1,029 individual grants totaling $98,960,466. 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 Program Activity:
ANALYZED STRATEGY AND INVESTMENT OF ARTS-FOCUSED RESOURCES TO GRANTEES AND GRANTEE COHORTS AND PROMOTED THEM BY CONDUCTING THE FOLLOWING ACTIVITIES: EVALUATED CAPACITY-BUILDING ACTIVITIES AND OUTCOMES ASSOCIATED WITH IMPACT GRANT PROGRAM GRANTEES; CONDUCTED AN EVALUATION OF THE OPEN SPACES PROGRAM; CREATED A VIDEO DOCUMENTING A DECADE OF CAST'S ACCOMPLISHMENTS; AND CREATED FOUR VIDEOS HIGHLIGHTING AWARDEES OF THE RAININ FELLOWSHIP.
EVALUATED THE SCOPE OF THE EDUCATION PORTFOLIO EQUITY LEVERS TO DRIVE STRATEGIC DEVELOPMENT. CURATED STORIES AND LESSONS FROM GRANTEES TO SHOWCASE THEIR WORK AND INFORM PHILANTHROPIC EFFORTS AND POLICY CONVERSATIONS. DEEPENED RELATIONSHIPS WITHIN LOCAL AND NATIONAL FUNDING SPACES TO AMPLIFY FUNDING EFFORTS AND STRENGTHEN GRANTMAKING PRACTICES.
HOSTED AN ANNUAL HEALTH INNOVATIONS SYMPOSIUM VIRTUALLY, BRINGING TOGETHER EARLY CAREER AND SEASONED SCIENTISTS AND EXPERTS FROM AROUND THE WORLD WHO ARE ADVANCING INFLAMMATORY BOWEL DISEASE (IBD) RESEARCH. EXPANDED CAPACITY AROUND DIVERSITY, EQUITY AND INCLUSION IN IBD RESEARCH. BEGAN EXPLORING A VARIETY OF PARTNERS WHO MAY BE ELIGIBLE FOR A RESPONSE FUND GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Rainin Ceo/director/president | 38 | $508,341 | |
Lauren Webster Cfo/treasurer | 40 | $356,731 | |
Michelle Trott Cpo/secretary | 40 | $274,797 | |
Laverne Matias Chief Of Organizational Effectiveness | 38 | $261,433 | |
Rivkah Medow Director | 5 | $25,000 | |
Moy Eng Director | 5 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/22 | $347,917 |
Moss Adams Llp | 12/30/22 | $125,070 |
Technical Development Corporation | 12/30/22 | $110,100 |
Mission Minded Inc | 12/30/22 | $95,775 |
Morgan Lewis And Bockius Llp | 12/30/22 | $92,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,046 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,143,454 |
| Net Rental Income | $3,769,272 |
| Net Gain on Sale of Assets | $3,133,140 |
| Capital Gain Net Income | $9,235,229 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $349,036 |
| Total Revenue | $9,404,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,501,302 |
| Other employee salaries and wages | $5,001,179 |
| Pension plans, employee benefits | $1,143,798 |
| Interest | $68,703 |
| Taxes | $837,372 |
| Depreciation | $1,051,231 |
| Occupancy | $1,179,300 |
| Travel, conferences, and meetings | $49,449 |
| Printing and publications | $16,101 |
| Other expenses | $1,410,622 |
| Total operating and administrative expenses | $13,743,659 |
| Contributions, gifts, grants paid | $17,046,967 |
| Total expenses and disbursements | $30,790,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306 |
| Savings and temporary cash investments | $20,022,334 |
| Net Accounts receivable | $15,765,512 |
| 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 | $7,201,743 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $471,079,937 |
| Net Land, buildings, and equipment | $25,545,322 |
| Other assets | $43,432,990 |
| Total assets | $583,048,144 |
| Accounts payable and accrued expenses | $3,335,152 |
| Grants payable | $446,900 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,924,061 |
| Total liabilities | $9,706,113 |
Grants Awarded
Over the last fiscal year, Kenneth Rainin Foundation has awarded $17,816,648 in support to 230 organizations.
| Grant Recipient | Amount |
|---|---|
509 CULTURAL CENTER PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ACCION LATINA PURPOSE: SOMOS ESENCIALES / WE ARE ESSENTIAL | $24,000 |
AGNES MCCARTHY CHARITABLE FOUNDATION INC PURPOSE: TO SUPPORT AMCF'S CAREGIVER GRANT PROGRAM | $1,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE PURPOSE: ANTIBODY BIOMARKER DISCOVERY IN 500 IBD PATIENTS USING A NOVEL HIGH THROUGHPUT ASSAY AGAINST 344,000 MICROBIOME ANTIGENS | $100,000 |
ASPIRE PUBLIC SCHOOLS PURPOSE: ASPIRE'S SEEDS OF LEARNING AND EARLY LITERACY FOUNDATIONAL SKILLS PROGRAM | $285,000 |
ARTOGETHER PURPOSE: A DEEPEST BLUE | $24,000 |