Gilead Sciences Foundation
- Assets
- $126.2m
- Revenue
- $168.3m
- Investments
- $95.9m
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-1042419
Organization Overview
Gilead Sciences Foundation is located in Foster City, CA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilead Sciences 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, Gilead Sciences Foundation generated $168.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.3% each year . All expenses for the organization totaled $7.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gilead Sciences Foundation has awarded 59 individual grants totaling $9,479,370. 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 |
|---|---|---|---|
Teri Wielenga Secretary And Treasurer | 4 | $0 | |
Andrew Dickinson Director | 1 | $0 | |
Joydeep Ganguly Director | 1 | $0 | |
Jyoti Mehra Director | 1 | $0 | |
Merdad Parsey Director | 1 | $0 | |
Korab Zuka President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $211,981,850 |
| Interest on Savings | $2,577 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$43,718,630 |
| Capital Gain Net Income | $64,794,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $168,265,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,180,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,191 |
| Total operating and administrative expenses | $1,255,191 |
| Contributions, gifts, grants paid | $6,094,062 |
| Total expenses and disbursements | $7,349,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,436,851 |
| 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 | $61,185,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $769,771 |
| Total assets | $126,155,891 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,700,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,180,000 |
| Total liabilities | $2,880,000 |
Grants Awarded
Over the last fiscal year, Gilead Sciences Foundation has awarded $6,175,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA ONLINE GIVING FOUNDATION PURPOSE: 2022 GIVING TOGETHER DONATION | $3,000,000 |
Cambridge, MA PURPOSE: SUPPORTING EQUITY ON THE COASTSIDE. LIFE SCIENCE CARES BAY AREA IMPACT SPONSORSHIP. | $750,000 |
San Francisco, CA PURPOSE: MAN THE BAY | $500,000 |
Foster City, CA PURPOSE: PROJECT EXPLORATORY MINDSET | $500,000 |
PENINSULA BRIDGE PROGRAM PURPOSE: PENINSULA BRIDGE MIDDLE SCHOOL ACADEMY | $250,000 |
San Francisco, CA PURPOSE: CLINIC BY THE BAY CAPITAL CAMPAIGN | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gilead Sciences Foundation has recieved totaling $8,305.
| Awarding Organization | Amount |
|---|---|
Ias Washington, DC PURPOSE: SUBGRANT SPONSORSHIP | $8,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |