Jolie-Pitt Foundation
- Assets
- $4.5m
- Revenue
- $30.9k
- Investments
- $20.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5176706
Organization Overview
Jolie-Pitt Foundation is located in Wilmington, DE. The organization was established in 2007. 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. Jolie-Pitt 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, Jolie-Pitt Foundation generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (64.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jolie-Pitt Foundation has awarded 82 individual grants totaling $5,140,641. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Bird VP | 1 | $0 | |
Warren Grant VP | 1 | $0 | |
Angelina Jolie Co-Pres, Dir | 1 | $0 | |
Brad Pitt Co-Pres, Dir, Sec | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ravenstone Consult Limited | 12/30/22 | $102,603 |
Blazek & Vetterling Llp | 12/30/22 | $58,000 |
Foundation Source | 12/30/22 | $50,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,100 |
| Interest on Savings | $2,438 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,200 |
| Capital Gain Net Income | $10,200 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $166 |
| Total Revenue | $30,904 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $172,603 |
| Pension plans, employee benefits | $14,576 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $50,901 |
| Occupancy | $24,488 |
| Travel, conferences, and meetings | $21,596 |
| Printing and publications | $0 |
| Other expenses | $225,999 |
| Total operating and administrative expenses | $684,532 |
| Contributions, gifts, grants paid | $579,425 |
| Total expenses and disbursements | $1,263,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,632,019 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $1,330,852 |
| Other assets | $502,295 |
| Total assets | $4,485,166 |
| Accounts payable and accrued expenses | $234 |
| 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 | $234 |
Grants Awarded
Over the last fiscal year, Jolie-Pitt Foundation has awarded $579,425 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL HEALTH COMMITTEE INC PURPOSE: COMPLETION OF A FENCE ON THE PROPERTY AND THE PAYMENT OF OUTSTANDING FEES | $57,650 |
GLOBAL HEALTH COMMITTEE INC PURPOSE: GENERAL & UNRESTRICTED | $150,000 |
GLOBAL HEALTH COMMITTEE INC PURPOSE: MCCC IN PHNOM PENH, CAMBODIA, 2022 AND ZCC IN ETHIOPIA, 2022 | $150,000 |
NATIONAL NETWORK OF ABORTION FUNDS PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
NETHERLAND-AMERICA FOUNDATION INCORPORATED PURPOSE: ANNE FRANK HOUSE FRIENDS FUND | $5,000 |
RANDOM ACTS INC PURPOSE: LEGACY UKRAINE | $12,500 |