The San Diego Foundation is located in San Diego, CA. The organization was established in 1975. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, San Diego Foundation employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Diego 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 06/2021, San Diego Foundation generated $197.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $124.3m during the year ending 06/2021. While expenses have increased by 12.6% per year over the past 6 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, San Diego Foundation has awarded 6,278 individual grants totaling $489,231,716. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SAN DIEGO FOUNDATION IMPROVES THE QUALITY OF LIFE WITHIN ALL OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
SEE SCHEDULE O.SINCE 1975, THE SAN DIEGO FOUNDATION HAS PROVIDED A PERMANENT AND GROWING SOURCE OF FUNDING TO NONPROFITS SERVING THE SAN DIEGO REGION. THANKS TO THE GENEROSITY OF DONORS, THE FOUNDATION GRANTS MILLIONS OF DOLLARS ANNUALLY TO NONPROFIT ORGANIZATIONS ADDRESSING THE CHALLENGES AND NEEDS IN THE SAN DIEGO REGION BY USING THE HIGHEST LEVEL OF PHILANTHROPIC AND INVESTMENT EXPERTISE TO PROVIDE MAXIMUM IMPACT.THE SAN DIEGO FOUNDATION MAXIMIZES THE IMPACT OF CHARITABLE GIVING TO ENACT POSITIVE SOCIAL CHANGE IN OUR REGION. OUR STRATEGIC PRIORITIES INCLUDE ADVANCING RACIAL AND SOCIAL JUSTICE, FOSTERING EQUITY OF OPPORTUNITY, BUILDING RESILIENT COMMUNITIES, AND DELIVERING WORLD-CLASS PHILANTHROPY TO REALIZE OUR VISION OF JUST, EQUITABLE AND RESILIENT COMMUNITIES. WE MANAGE CHARITABLE FUNDS FOR HUNDREDS OF INDIVIDUALS, FAMILIES AND CORPORATIONS. A GIFT TO THE SAN DIEGO FOUNDATION PROVIDES MAXIMUM TAX DEDUCTIONS, OUTSTANDING INVESTMENT MANAGEMENT AND LOW ADMINISTRATIVE COSTS. WITH MORE THAN 46 YEARS SERVING THE COMMUNITY AND HUNDREDS OF ACTIVE PARTNERSHIPS AND COLLABORATIONS WITH BUSINESS, GOVERNMENT AND COMMUNITY LEADERS AND ORGANIZATIONS, WE ARE ABLE TO ASSESS CHANGING REGIONAL NEEDS AND TAKE ACTION ON SAN DIEGO'S MOST PRESSING CHALLENGES. WE GATHER THIS INFORMATION AND CREATE AN ONGOING UNDERSTANDING OF OUR REGION'S NEEDS AND PAIR IT WITH OUR DONORS' PASSIONS, VALUES AND INTEREST AREAS AND CONNECT THEM WITH NONPROFIT ORGANIZATIONS THAT OFFER SOLUTIONS.THE FOUNDATION ALLOWS INDIVIDUALS AND FAMILIES TO ESTABLISH CUSTOMIZED CHARITABLE FUNDS WITHOUT THE BURDEN OF TAX LIABILITIES AND ADMINISTRATIVE TASKS ASSOCIATED WITH SETTING UP A PRIVATE FOUNDATION. OUR BOARD OF GOVERNORS, COMPRISED OF PROFESSIONAL EXPERTS AND COMMUNITY LEADERS, AND OUR KNOWLEDGEABLE STAFF PROVIDE KEEN OVERSIGHT AND AN UNWAVERING COMMITMENT TO HONORING THE WISHES OF EACH DONOR.THE SAN DIEGO FOUNDATION'S PROGRAM AREAS ARE GUIDED BY OUR ORGANIZATIONAL VALUES. WE VALUE ALL PEOPLE, ALL PARTNERS, AND OUR REGION. WE ACT WITH INTEGRITY AND RESPECT FOR ONE ANOTHER AND THE COMMUNITIES WE SERVE, WE ENGAGE DIVERSE PERSPECTIVES TO FOSTER COLLABORATION AND INNOVATIVE SOLUTIONS, AND WE STRIVE FOR AN INCLUSIVE COMMUNITY WHERE EVERYONE HAS EQUITABLE ACCESS TO OPPORTUNITY.WE ADHERE TO A DEEPLY ETHICAL APPROACH TO PHILANTHROPY, ONE THAT HOLDS OURSELVES ACCOUNTABLE TO BEING A TRUSTWORTHY PARTNER AND TO APPROACHING OUR WORK WITH HUMILITY AND RESPECT FOR THE EXPERTISE OF THE COMMUNITIES WE SERVE AND OF THE GOVERNMENT, NONPROFIT, BUSINESS SECTORS AND INDIVIDUALS WITH WHOM WE COLLABORATE. WE WILL BE OPEN-MINDED, LEARN CONSTANTLY, LISTEN CAREFULLY TO DIFFERENT EXPERIENCES AND DIFFERENT PERSPECTIVES, BUILD STRONG AND DIVERSE COALITIONS, SUPPORT COMMUNITY ENGAGEMENT AND ENGAGE IN SHARED DECISION-MAKING. GRANT OPPORTUNITIES ARE OFFERED BY THE SAN DIEGO FOUNDATION, THE SAN DIEGO WOMEN'S FOUNDATION, THE SAN DIEGO REGIONAL POLICY & INNOVATION CENTER AND OUR EIGHT REGIONAL AFFILIATE FOUNDATIONS (4SRANCH~DEL SUR, CARLSBAD, CHULA VISTA, ESCONDIDO, LA JOLLA, OCEANSIDE, RAMONA, AND RANCHO BERNARDO).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Stuart President & CEO | Officer | 40 | $516,281 |
James Howell Vp, Chief Financial Officer | Officer | 40 | $319,697 |
Matt Fettig Vp, Chief Investment Officer | Officer | 40 | $255,947 |
Brian Zumbano Vp, Development & Stewards | 40 | $239,705 | |
Theresa Nakata Vp, Chief Communications Officer | 40 | $235,323 | |
Cameron Mattson Director,development & Stewardship | 40 | $198,641 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Verus Investment Consultant | 6/29/21 | $338,019 |
62above Advertising Consultant | 6/29/21 | $217,000 |
Moss Adams Llp Accounting Services | 6/29/21 | $128,850 |
Alvaka Networks It Consultant | 6/29/21 | $105,490 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $2,062,169 |
Government grants | $43,076,717 |
All other contributions, gifts, grants, and similar amounts not included above | $76,757,910 |
Noncash contributions included in lines 1a–1f | $12,277,756 |
Total Revenue from Contributions, Gifts, Grants & Similar | $121,896,796 |
Total Program Service Revenue | $17,027,535 |
Investment income | $10,501,410 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$3,327 |
Net Gain/Loss on Asset Sales | $47,937,064 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $197,035,758 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $98,289,397 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $266,902 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,380,402 |
Compensation of current officers, directors, key employees. | $739,304 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,414,992 |
Pension plan accruals and contributions | $559,322 |
Other employee benefits | $507,366 |
Payroll taxes | $503,188 |
Fees for services: Management | $7,417,805 |
Fees for services: Legal | $182,037 |
Fees for services: Accounting | $120,250 |
Fees for services: Lobbying | $14,100 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,574,158 |
Fees for services: Other | $1,500,866 |
Advertising and promotion | $230,517 |
Office expenses | $182,819 |
Information technology | $463,286 |
Royalties | $0 |
Occupancy | $99,844 |
Travel | $1,538 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $150,098 |
Interest | $224,141 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $626,560 |
Insurance | $135,889 |
All other expenses | $179,553 |
Total functional expenses | $124,312,177 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,187,477 |
Savings and temporary cash investments | $35,030,437 |
Pledges and grants receivable | $2,536,813 |
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 | $235,714 |
Net Land, buildings, and equipment | $6,250,925 |
Investments—publicly traded securities | $724,470,079 |
Investments—other securities | $327,108,449 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $192,595,022 |
Total assets | $1,302,414,916 |
Accounts payable and accrued expenses | $7,438,235 |
Grants payable | $10,192,237 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $10,850,972 |
Escrow or custodial account liability | $121,560,399 |
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 | $4,559,083 |
Total liabilities | $154,600,926 |
Net assets without donor restrictions | $436,418,240 |
Net assets with donor restrictions | $711,395,750 |
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 | $1,302,414,916 |
Over the last fiscal year, The San Diego Foundation has awarded $95,869,765 in support to 848 organizations.
Grant Recipient | Amount |
---|---|
San Diego, CA PURPOSE: TO SUPPORT THE SUMMERBRIDGE PROGRAM | $13,308,977 |
Bonita, CA PURPOSE: FOR GENERAL SUPPORT | $12,250,500 |
SAN DIEGO COUNTY OFFICE OF EDUCATION PURPOSE: TO SUPPORT THE COUNTY OF SAN DIEGO EFFORTS FOR BRIDGING THE DIGITAL DIVIDE TO PROVIDE INTERNET ACCESS FOR SCHOOL AGE CHILDREN, PER AGREEMENT | $3,000,000 |
San Diego, CA PURPOSE: STUDENT SCHOLARSHIPS | $2,789,095 |
San Diego, CA PURPOSE: FOR GENERAL SUPPORT | $1,889,843 |
Pasadena, CA PURPOSE: A CHARITABLE CONTRIBUTION FOR Q3 2020 | $1,800,000 |
Over the last fiscal year, we have identified 5 grants that The San Diego Foundation has recieved totaling $28,000.
Awarding Organization | Amount |
---|---|
Witman Family Foundation Wilmington, DE PURPOSE: ESCONDIDO FOUNDATION | $20,000 |
Ellis Family Foundation Del Mar, CA PURPOSE: FOUNDATION THAT GIVES TO BROAD RANGE OF CHARITIES | $6,500 |
Concannon Family Foundation Escondido, CA PURPOSE: CHARITABLE | $1,000 |
The Robert S Fagan Foundation Reno, NV PURPOSE: SUPPORT COMMUNITY SOLUTIONS TO IMPROVE QUALITY OF LIFE | $250 |
Habib & Sharareh Hariri Foundation San Diego, CA PURPOSE: HELPING HOMELESS | $250 |
Beg. Balance | $542,902,596 |
Earnings | $155,533,627 |
Admin Expense | $4,439,898 |
Net Contributions | $14,702,601 |
Other Expense | $3,626,310 |
Grants | $10,589,177 |
Ending Balance | $694,483,439 |
Organization Name | Assets | Revenue |
---|---|---|
Oregon Community Foundation Portland, OR | $3,083,541,362 | $417,266,834 |
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
East Bay Community Foundation Oakland, CA | $785,752,885 | $390,383,292 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Hawaii Community Foundation Honolulu, HI | $884,612,842 | $128,317,869 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |