Weingart Foundation
- Assets
- $813.2m
- Revenue
- $78.0m
- Investments
- $781.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1952
- Data as of
- 06/2022
- EIN
- 95-6054814
Organization Overview
Weingart Foundation is located in Los Angeles, CA. The organization was established in 1952. 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. Weingart 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 06/2022, Weingart Foundation generated $78.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $55.2m during the year ending 06/2022. While expenses have increased by 1.5% 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, Weingart Foundation has awarded 4,943 individual grants totaling $330,059,976. 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 |
|---|---|---|---|
Miguel Santana President & CEO | 40 | $542,435 | |
Tim Ortez VP Treasurer & CFO | 40 | $371,056 | |
Joanna Jackson VP Grant Operations | 40 | $226,932 | |
Aileen Adams Chairman | 21 | $48,000 | |
Monica C Lozano Director | 3 | $35,000 | |
William C Allen Director | 3 | $35,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 6/29/22 | $1,645,507 |
Varadero International Ltd | 6/29/22 | $311,658 |
Crestline Speciality Lending Ii | 6/29/22 | $671,169 |
Westwood Global Investments Llc | 6/29/22 | $280,483 |
Two Sigma Risk Premia | 6/29/22 | $406,064 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,219 |
| Dividends & Interest | $2,829,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,040,419 |
| Capital Gain Net Income | $77,500,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,086,846 |
| Total Revenue | $77,965,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,534,317 |
| Other employee salaries and wages | $2,027,752 |
| Pension plans, employee benefits | $1,129,197 |
| Interest | $18,105 |
| Taxes | $84,704 |
| Depreciation | $348,849 |
| Occupancy | $545,394 |
| Travel, conferences, and meetings | $141,803 |
| Printing and publications | $0 |
| Other expenses | $503,441 |
| Total operating and administrative expenses | $13,903,965 |
| Contributions, gifts, grants paid | $41,323,477 |
| Total expenses and disbursements | $55,227,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $3,241,948 |
| Net Accounts receivable | $34,449 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $16,242,557 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,539 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $562,252,611 |
| Net Land, buildings, and equipment | $1,963,503 |
| Other assets | $10,591,962 |
| Total assets | $813,214,375 |
| Accounts payable and accrued expenses | $1,895,735 |
| Grants payable | $8,736,388 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,220,640 |
| Total liabilities | $11,852,763 |
Grants Awarded
Over the last fiscal year, Weingart Foundation has awarded $42,223,632 in support to 774 organizations.
| Grant Recipient | Amount |
|---|---|
2ND CALL PURPOSE: UNRESTRICTED OPERATING SUPPORT | $25,000 |
A NEW WAY OF LIFE REENTRY PROJECT PURPOSE: SUPPORT FOR PARTICIPATION IN WEINGART FOUNDATION LISTENING SESSION | $250 |
ACADEMY FOR GRASSROOTS ORGANIZATIONS PURPOSE: SUPPORT FOR PARTICIPATION IN CA DEMODATA COLLABORATIVE FOCUS GROUP | $250 |
ACCESS CALIFORNIA SERVICES PURPOSE: UNRESTRICTED OPERATING SUPPORT | $100,000 |
ACTIVE SAN GABRIEL VALLEY PURPOSE: UNRESTRICTED OPERATING SUPPORT | $150,000 |
ACTIVE SAN GABRIEL VALLEY PURPOSE: JOHN W. MACK FELLOWS PROGRAM | $12,500 |