Western Asset Management Company Charitable Foundation
- Assets
- $195.7k
- Revenue
- $4.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 02/2006
- Data as of
- 03/2024
- EIN
- 20-2589546
Organization Overview
Western Asset Management Company Charitable Foundation is located in Pasadena, CA. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Western Asset Management Company Charitable 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, Western Asset Management Company Charitable Foundation generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $217.5k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (16.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Western Asset Management Company Charitable Foundation has awarded 1,496 individual grants totaling $7,497,497. 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 |
|---|---|---|---|
James W Hirschmann President | 1 | $0 | |
Tracey A Hutson Secretary | 1 | $0 | |
Steven R Perzyna Cfo/director (ended 10/2/23) | 1 | $0 | |
Robert Sibbrel Admin Officer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,791 |
| Interest on Savings | $448 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,123 |
| Contributions, gifts, grants paid | $209,406 |
| Total expenses and disbursements | $217,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,655 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,655 |
| 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, Western Asset Management Company Charitable Foundation has awarded $210,739 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW MCDONOUGH B POSITIVE FOUNDATION PURPOSE: EDUCATION | $200 |
AMERICAN CANCER SOCIETY PURPOSE: EDUCATION | $106 |
ANIMAL GUARDIAN NETWORK INC PURPOSE: HUMANITARIAN | $300 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: HUMANITARIAN | $1,000 |
ASIAN UNIVERSITY FOR WOMEN (AUW) SUPPORT FOUNDATION PURPOSE: HUMANITARIAN | $500 |
BIG BROTHERS BIG SISTERS OF ORANGE COUNTY AND INLAND EMPIRE INC PURPOSE: HUMANITARIAN | $350 |