W M Keck Foundation
- Assets
- $1.4b
- Revenue
- $52.7m
- Investments
- $1.3b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1959
- Data as of
- 12/2022
- EIN
- 95-6092354
Organization Overview
W M Keck Foundation is located in Los Angeles, CA. The organization was established in 1959. 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. W M Keck 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, W M Keck Foundation generated $52.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $78.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W M Keck Foundation has awarded 771 individual grants totaling $262,529,511. 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 |
|---|---|---|---|
Robert A Day Chairman And Member/director | 5 | $0 | |
Stephanie Argyros Member/director | 1 | $0 | |
James A Baker III Member/director | 1 | $0 | |
Peter K Barker Member/director | 1.5 | $60,000 | |
Robert Bradway Member/director | 1 | $0 | |
Dr William R Brody Member/director | 1 | $2,370 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bel Air Investment Advisors Llc | 12/30/22 | $1,840,092 |
Edgewood Management Llc | 12/30/22 | $2,876,990 |
Columbia Management Investment Advisors Llc | 12/30/22 | $856,299 |
Cambridge Associates Llc | 12/30/22 | $822,626 |
Wcm Investment Management | 12/30/22 | $465,097 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $643,457 |
| Dividends & Interest | $17,180,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,145,492 |
| Capital Gain Net Income | $15,361,975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,731,145 |
| Total Revenue | $52,701,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,921,060 |
| Other employee salaries and wages | $2,308,455 |
| Pension plans, employee benefits | $735,674 |
| Interest | $0 |
| Taxes | $784,632 |
| Depreciation | $189,478 |
| Occupancy | $918,359 |
| Travel, conferences, and meetings | $50,643 |
| Printing and publications | $31,901 |
| Other expenses | $521,801 |
| Total operating and administrative expenses | $15,583,028 |
| Contributions, gifts, grants paid | $62,679,139 |
| Total expenses and disbursements | $78,262,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,898,242 |
| 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 | $170,597 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $644,997,314 |
| Net Land, buildings, and equipment | $489,631 |
| Other assets | $6,943,537 |
| Total assets | $1,370,447,360 |
| Accounts payable and accrued expenses | $1,607,465 |
| Grants payable | $26,538,498 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,433,951 |
| Total liabilities | $36,579,914 |
Grants Awarded
Over the last fiscal year, W M Keck Foundation has awarded $96,680,470 in support to 271 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDEIS UNIVERSITY PURPOSE: TO UNDERSTAND THE BRAIN-BODY INTERFACE IN PHYSIOLOGY AND DISEASE. | $1,000,000 |
CORNELL UNIVERSITY PURPOSE: TO DEVELOP THE NEXT GENERATION HIGH SPEED ATOMIC FORCE MICROSCOPE. | $1,000,000 |
FOX CHASE CANCER CENTER PURPOSE: TO USE DEEP LEARNING TO RATIONALLY DESIGN MOLECULAR GLUES THAT CAN ELIMINATE TARGETED PROTEINS. | $1,000,000 |
NEW YORK UNIVERSITY PURPOSE: TO UNDERSTAND ONE-SHOT LEARNING IN THE HUMAN BRAIN AND REPLICATE THAT FUNCTION IN SILICO. | $1,200,000 |
SALK INSTITUTE FOR BIOLOGICAL STUDIES PURPOSE: TO TEST A NOVEL PROBE THAT ENABLES DYNAMIC IMAGING OF MOLECULAR INTERACTIONS ON GENES THAT DETERMINE CELL FATE. | $1,300,000 |
OHIO STATE UNIVERSITY PURPOSE: TO UNCOVER A FEEDBACK LOOP BETWEEN THE CENTRAL NERVOUS SYSTEM AND ADIPOSE TISSUE. | $1,200,000 |