Donald T Sterling Charitable Foundation
- Assets
- $14.4m
- Revenue
- $2.2m
- Investments
- $10.2m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-8731101
Organization Overview
Donald T Sterling Charitable Foundation is located in Beverly Hills, CA. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Donald T Sterling 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.
Since 2016, Donald T Sterling Charitable Foundation has awarded 67 individual grants totaling $2,159,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald T Sterling President | 1 | $0 | |
Rochelle H Sterling Vice President | 1 | $0 | |
Douglas L Walton Secretary | 1 | $0 | |
Gene Park Chief Financial Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $221,257 |
| 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 | $2,221,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,554 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $222 |
| Total operating and administrative expenses | $29,732 |
| Contributions, gifts, grants paid | $321,000 |
| Total expenses and disbursements | $350,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,151,723 |
| 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 | $14,362,025 |
| 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, Donald T Sterling Charitable Foundation has awarded $321,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BEAT THE STREETS PURPOSE: DEVELOPING YOUTH THROUGH THE SPORT OF WRESTLING. | $70,000 |
BEVERLY HILLS POLICE OFFICERS BENEVOLENT FUND PURPOSE: TO FUND SCHOLARSHIPS FOR CHILDREN OF LAW ENFORCEMENT OFFICERS. | $8,000 |
CREATIVE ARTS TEMPLE PURPOSE: ARTS AND RELIGIOUS, SPIRITUAL CONGREGATION, WITH GREAT CONCERN FOR ONE ANOTHER, OUR COMMUNITY, AND THOSE IN NEED. | $25,000 |
LOS ANGELES MISSION PURPOSE: TO BREAK THE CYCLE OF HOMELESSNESS AND POVERTY, BY STABILIZING PEOPLE IN A SAFE AND SPIRITUAL ENVIRONMENT, CONNECTING THEM TO SOLUTIONS AND WALKING WITH THEM ON THEIR JOURNEY. | $10,000 |
YESHIVA GEDOLAH OF LOS ANGELES PURPOSE: TO PROVIDE STUDENTS WITH A HIGH LEVEL OF EDUCATION IN BOTH JUDAIC AND SECULAR STUDIES. | $50,000 |
HOME FOR THE LITTLE WONDERERS PURPOSE: TO HELP BUILD STABLE LIVES AND HOPEFUL FUTURES FOR CHILDREN WHO ARE ABUSED, NEGLECTED OR AT-RISK. | $5,000 |