The California Wellness Foundation
- Assets
- $1.2b
- Revenue
- $96.9m
- Investments
- $1.0b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 95-4292101
Organization Overview
The California Wellness Foundation is located in Los Angeles, CA. The organization was established in 1991. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. California Wellness 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, California Wellness Foundation generated $96.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $69.6m during the year ending 12/2021. While expenses have increased by 4.5% 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 2015, California Wellness Foundation has awarded 4,233 individual grants totaling $346,081,158. 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 |
|---|---|---|---|
Judy Belk President & CEO | 50 | $651,937 | |
Richard Tate Executive Vice President | 50 | $336,400 | |
Fatima Angeles VP Of Programs | 50 | $322,844 | |
Rochelle Witharana CFO | 50 | $304,577 | |
Arun Baheti VP Of Operations | 50 | $302,749 | |
Caitlin Adams Director - Human Res | 50 | $212,519 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baillie Gifford Overseas Limited | 12/30/21 | $625,442 |
Aperio Group Llc | 12/30/21 | $273,269 |
Angeles Investment | 12/30/21 | $474,424 |
Cambridge Associates | 12/30/21 | $225,000 |
Wellington Trust Company Na | 12/30/21 | $494,149 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94,091 |
| Dividends & Interest | $11,074,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,715,373 |
| Capital Gain Net Income | $103,225,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,883,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,789,957 |
| Other employee salaries and wages | $4,440,448 |
| Pension plans, employee benefits | $2,309,394 |
| Interest | $0 |
| Taxes | $2,926,427 |
| Depreciation | $656,752 |
| Occupancy | $1,062,416 |
| Travel, conferences, and meetings | $180,004 |
| Printing and publications | $31,120 |
| Other expenses | $709,123 |
| Total operating and administrative expenses | $18,675,553 |
| Contributions, gifts, grants paid | $50,883,215 |
| Total expenses and disbursements | $69,558,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,255 |
| Savings and temporary cash investments | $194,494,070 |
| 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 | $7,146,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $456,195 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $323,769,781 |
| Net Land, buildings, and equipment | $3,350,209 |
| Other assets | $1,344,093 |
| Total assets | $1,249,668,748 |
| Accounts payable and accrued expenses | $1,781,486 |
| Grants payable | $621,022 |
| Deferred revenue | $1,789,712 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,286,438 |
| Total liabilities | $11,478,658 |
Grants Awarded
Over the last fiscal year, The California Wellness Foundation has awarded $51,168,215 in support to 608 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: FOR CORE OPERATING SUPPORT FOR POLICY ADVOCACY, ORGANIZING, AND COMMUNICATION EFFORTS TO INCREASE ACCESS TO HEALTH CARE AND COVERAGE IN CALIFORNIA. | $1,300,000 |
Oakland, CA PURPOSE: FOR CORE SUPPORT TO ADVANCE A COMPREHENSIVE HEALTH EQUITY AGENDA FOCUSED ON IMPROVING THE LIVES OF LOW-INCOME PEOPLE, PEOPLE OF COLOR AND THEIR COMMUNITIES IN CALIFORNIA THROUGH POLICY CHANGE. | $1,200,000 |
FAITH IN ACTION NETWORK PURPOSE: FOR CORE OPERATING SUPPORT FOR PICO CALIFORNIA TO SUSTAIN POWER-BUILDING EFFORTS FOCUSED ON LOW-INCOME COMMUNITIES OF COLOR TO ADVANCE RACIAL EQUITY AND HEALTH ACCESS AND PROMOTE HEALTHIER, SAFE COMMUNITIES IN CALIFORNIA. | $1,000,000 |
Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT TO WORK TO ENGAGE COMMUNITIES OF COLOR IN BUILDING POWER TO ADVANCE RACIAL AND HEALTH EQUITY THROUGH INTEGRATED CIVIC ENGAGEMENT EFFORTS IN CALIFORNIA. | $1,000,000 |
Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT FOR PUBLIC POLICY AND COMMUNICATIONS EFFORTS TO PRESERVE AND EXPAND ACCESS TO VITAL HEALTH AND HUMAN SERVICES FOR IMMIGRANT POPULATIONS IN CALIFORNIA. | $750,000 |
Washington, DC PURPOSE: FOR PROJECT SUPPORT FOR GUNS AND LIES, A REPORTING PROJECT INVESTIGATING THE INTERSECTION OF HOW GUN ACCESS, TRAUMA, SOCIAL AND ECONOMIC POLICIES, AND POVERTY CONTRIBUTE TO COMMUNITY VIOLENCE AND SPOTLIGHTING THOSE MOST IMPACTED AND COMMUNITY-DRIVEN SOLUTIONS ACROSS CALIFORNIA. | $700,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |