Joseph Drown Foundation
- Assets
- $94.0m
- Revenue
- $7.0m
- Investments
- $93.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/1954
- Data as of
- 03/2024
- EIN
- 95-6093178
Organization Overview
Joseph Drown Foundation is located in Los Angeles, CA. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Joseph Drown 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 03/2024, Joseph Drown Foundation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $7.6m during the year ending 03/2024. While expenses have increased by 3.3% 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 2017, Joseph Drown Foundation has awarded 847 individual grants totaling $35,404,300. 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 |
|---|---|---|---|
Nadine Bell Director | 1 | $18,000 | |
Marlene Canter Director | 1.5 | $18,000 | |
Eric Fleiss Director | 1 | $16,500 | |
Jean Kaplan Director | 1 | $16,500 | |
Deborah Krakow Secretary, Director | 1 | $18,000 | |
Ann Miller CFO & Executive Director Of Investment | 37.5 | $275,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management | 3/30/23 | $80,970 |
Northern Trust Bank | 3/30/23 | $94,400 |
Tcw | 3/30/23 | $55,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,112,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,931,445 |
| Capital Gain Net Income | $6,238,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,044,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $932,312 |
| Other employee salaries and wages | $69,145 |
| Pension plans, employee benefits | $202,386 |
| Interest | $0 |
| Taxes | $112,338 |
| Depreciation | $3,570 |
| Occupancy | $44,096 |
| Travel, conferences, and meetings | $12,297 |
| Printing and publications | $0 |
| Other expenses | $49,420 |
| Total operating and administrative expenses | $1,670,161 |
| Contributions, gifts, grants paid | $5,979,500 |
| Total expenses and disbursements | $7,649,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $49,683 |
| 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 | $42,852 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,110,574 |
| Net Land, buildings, and equipment | $4,782 |
| Other assets | $55,420 |
| Total assets | $94,028,800 |
| Accounts payable and accrued expenses | $218,610 |
| Grants payable | $1,940,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $207,155 |
| Total liabilities | $2,365,765 |
Grants Awarded
Over the last fiscal year, Joseph Drown Foundation has awarded $7,079,500 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
826LA PURPOSE: OPERATING SUPPORT | $25,000 |
A PLACE CALLED HOME PURPOSE: OPERATING SUPPORT | $50,000 |
A SENSE OF HOME PURPOSE: OPERATING SUPPORT | $30,000 |
ADVANCEMENT THROUGH OPPORTUNITY & KNOWLEDGE PURPOSE: CHILDREN YOUTH AND FAMILY COLLABORATIVE | $50,000 |
ALLIANCE FOR CHILDREN'S RIGHTS PURPOSE: EDUCATION PROGRAM | $30,000 |
ALLIES FOR EVERY CHILD PURPOSE: OPERATING SUPPORT | $5,000 |