Charles And Helen Schwab Foundation
- Assets
- $648.0m
- Revenue
- $42.6m
- Investments
- $632.8m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 94-3374170
Organization Overview
Charles And Helen Schwab Foundation is located in San Francisco, CA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles And Helen Schwab 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, Charles And Helen Schwab Foundation generated $42.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $26.4m during the year ending 12/2022. While expenses have increased by 7.7% 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 2016, Charles And Helen Schwab Foundation has awarded 677 individual grants totaling $300,843,845. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT A
SEE ATTACHMENT B
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Schwab CFO & Treasurer | 1 | $0 | |
Katie Schwab Paige Board Chair, President, Truste | 2 | $0 | |
Matt Wilsey Secretary & Trustee | 1 | $0 | |
Catherine Molnar Assistant Treasurer | 1 | $0 | |
April Chou Trustee | 1 | $0 | |
Tomiquia Moss Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redstone Strategy Group Llc | 12/30/22 | $324,310 |
Seiler Llp | 12/30/22 | $211,709 |
The 360 Consulting Group | 12/30/22 | $108,000 |
Dc Strategies | 12/30/22 | $90,958 |
Aleigh Solutions | 12/30/22 | $79,097 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $727,908 |
| Dividends & Interest | $6,408,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,692,431 |
| Capital Gain Net Income | $22,704,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $728,377 |
| Total Revenue | $42,556,908 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $930,676 |
| Other employee salaries and wages | $617,533 |
| Pension plans, employee benefits | $230,793 |
| Interest | $0 |
| Taxes | $628,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,058 |
| Printing and publications | $1,594 |
| Other expenses | $107,740 |
| Total operating and administrative expenses | $3,337,056 |
| Contributions, gifts, grants paid | $23,065,763 |
| Total expenses and disbursements | $26,402,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,095,189 |
| 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 | $66,402 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,009,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $647,981,236 |
| Accounts payable and accrued expenses | $165,633 |
| Grants payable | $11,088,372 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,894,196 |
| Total liabilities | $17,148,201 |
Grants Awarded
Over the last fiscal year, Charles And Helen Schwab Foundation has awarded $29,637,500 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: K-12 EDUCATION REFORM | $400,000 |
ACE CHARTER SCHOOLS PURPOSE: K-12 EDUCATION REFORM | $150,000 |
ALDER GRADUATE SCHOOL OF EDUCATION PURPOSE: K-12 EDUCATION REFORM | $200,000 |
ALLIANCE FOUNDATION PURPOSE: K-12 EDUCATION REFORM | $275,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: HUMAN SERVICES | $450 |
ALAMEDA HEALTH SYSTEM FOUNDATION PURPOSE: HUMAN SERVICES | $500 |