Carl Victor Page Memorial Foundation
- Assets
- $3.8b
- Revenue
- $615.7m
- Investments
- $3.6b
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-1922957
Organization Overview
Carl Victor Page Memorial Foundation is located in Palo Alto, CA. The organization was established in 2006. 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. Carl Victor Page Memorial 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, Carl Victor Page Memorial Foundation generated $615.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $309.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SHOO THE FLU IS A PROGRAM TO PREVENT THE FLU BY BRINGING FLU VACCINES AT NO COST TO STUDENTS, WITH OR WITHOUT INSURANCE, IN THE OAKLAND UNIFIED SCHOOL DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Page Director, Chairman & President | 0.25 | $0 | |
Lucinda Southworth Director & CFO | 0.25 | $0 | |
P Wayne Osborne Secretary | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rosewood Family Advisors Llp | 12/30/22 | $581,634 |
Artisan Partners Limited Partnership | 12/30/22 | $1,045,468 |
Morgan Stanley & Co Incorporated | 12/30/22 | $2,937,917 |
Bank Of New York Mellon Corporation | 12/30/22 | $352,842 |
Aperio Group Llc | 12/30/22 | $624,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $264,587,726 |
| Interest on Savings | $314,908 |
| Dividends & Interest | $52,245,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $291,722,336 |
| Capital Gain Net Income | $583,101,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,814,775 |
| Total Revenue | $615,685,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,135,700 |
| Taxes | $15,938,474 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,422,036 |
| Total operating and administrative expenses | $32,995,813 |
| Contributions, gifts, grants paid | $276,017,372 |
| Total expenses and disbursements | $309,013,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,802 |
| Savings and temporary cash investments | $137,874,580 |
| Net Accounts receivable | $3,773,572 |
| 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 | $2,832,398,421 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $70,402,789 |
| Total assets | $3,826,155,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carl Victor Page Memorial Foundation has awarded $276,017,372 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTHROPIC TRUST PURPOSE: GENERAL CHARITABLE PURPOSE | $1,016,372 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: GENERAL CHARITABLE PURPOSE | $275,000,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSE | $1,000 |