Broad Foundation
- Assets
- $2.4b
- Revenue
- $240.9m
- Investments
- $2.0b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 95-4686318
Organization Overview
Broad Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Broad 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, Broad Foundation generated $240.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $131.7m during the year ending 12/2021. While expenses have increased by 7.5% 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, Broad Foundation has awarded 1,085 individual grants totaling $1,267,889,219. 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 |
|---|---|---|---|
Susan Jack Vice President/chief | 32 | $212,000 | |
Sue Chi Managing Director, P | 40 | $192,600 | |
Suzanne Emmerling Chief Communications | 30 | $175,959 | |
Logan Contreras Data And Impact Offi | 40 | $118,000 | |
Eli Broad Chairman (part Year) | 5 | $20,000 | |
Edythe L Broad Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Office Investment Services Llc | 12/30/21 | $1,857,104 |
Family Office Financial Services Llc | 12/30/21 | $1,800,208 |
Estolano Advisors | 12/30/21 | $167,351 |
Clark Nuber Ps | 12/30/21 | $136,241 |
Corvidae Consulting Llc | 12/30/21 | $133,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107,880,594 |
| Interest on Savings | $33,996 |
| Dividends & Interest | $15,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,990,023 |
| Capital Gain Net Income | $72,183,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $995,474 |
| Total Revenue | $240,915,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $764,632 |
| Pension plans, employee benefits | $88,035 |
| Interest | $0 |
| Taxes | $6,341,019 |
| Depreciation | $469 |
| Occupancy | $129,890 |
| Travel, conferences, and meetings | $3,909 |
| Printing and publications | $25,753 |
| Other expenses | $178,071 |
| Total operating and administrative expenses | $13,762,402 |
| Contributions, gifts, grants paid | $117,891,476 |
| Total expenses and disbursements | $131,653,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,728 |
| Savings and temporary cash investments | $356,329,576 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,863,972,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,319,721 |
| Total assets | $2,410,166,174 |
| Accounts payable and accrued expenses | $2,432,112 |
| Grants payable | $395,726,643 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,177,791 |
| Total liabilities | $414,336,546 |
Grants Awarded
Over the last fiscal year, Broad Foundation has awarded $126,407,064 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: SCI & MED RESEARCH - TO SUPPORT BIOMEDICAL AND GENOMIC RESEARCH | $36,243,742 |
THE BROAD ART FOUNDATION PURPOSE: ARTS - TO SUPPORT ART LENDING ACTIVITIES | $28,000,000 |
THE BROAD PURPOSE: ARTS - GENERAL SUPPORT PLEDGE | $9,520,740 |
YALE UNIVERSITY PURPOSE: EDUCATION - TO ESTABLISH THE BROAD CENTER AT THE YALE SCHOOL OF MANAGEMENT | $9,000,000 |
East Lansing, MI PURPOSE: EDUCATION - ENDOWMENT FOR ELI AND EDYTHE BROAD DEAN OF BUSINESS SCHOOL | $5,250,000 |
THE MUSIC CENTER PURPOSE: ARTS - INVESTMENT TO INCREASE ACCESS TO THE VISUAL, PERFORMING, AND LITERARY ARTS | $5,028,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crankstart Foundation San Francisco, CA | $5,105,990,197 | $480,695,638 |
Conrad N Hilton Foundation Westlake Village, CA | $7,732,630,405 | $2,481,413,875 |
Good Ventures Foundation Palo Alto, CA | $4,383,621,636 | $449,683,738 |
The California Endowment Los Angeles, CA | $0 | $280,955,609 |
Sergey Brin Family Foundation San Francisco, CA | $4,934,252,269 | $912,518,052 |
James Irvine Foundation San Francisco, CA | $4,085,262,775 | $499,578,433 |
Columbia Lutheran Charities Astoria, OR | $246,096,987 | $180,771,261 |
Skoll Foundation Palo Alto, CA | $1,166,571,958 | $379,652,535 |
Broad Foundation Los Angeles, CA | $2,410,166,174 | $240,915,854 |
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |