San Simeon Fund
- Assets
- $59.6m
- Revenue
- $4.6m
- Investments
- $52.2m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 20-1986583
Organization Overview
San Simeon Fund is located in San Francisco, CA. The organization was established in 2005. 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. San Simeon Fund 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 12/2023, San Simeon Fund generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $970.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (27.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, San Simeon Fund has awarded 27 individual grants totaling $10,490,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Hearst III President | 0 | $0 | |
Margaret C Hearst Vice President & CFO | 0 | $0 | |
Cynthia D Lund Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,311,953 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,261,876 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$940,283 |
| Capital Gain Net Income | $5,413,636 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,207 |
| Total Revenue | $4,645,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $93,049 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $615,369 |
| Total operating and administrative expenses | $720,183 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $970,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,435 |
| Savings and temporary cash investments | $7,224,296 |
| 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 | $12,206,524 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,628,370 |
| 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, San Simeon Fund has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: TO UW MEDICINE FOR MISCARRIAGE MANAGEMENT TRAINING FUND; AND TO SUPPORT ECHO GIFT | $100,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: ANNUAL CHAIRMAN'S APPEAL | $150,000 |