John H And Regina K Scully Foundation
- Assets
- $681.2m
- Revenue
- $12.1m
- Investments
- $627.0m
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 46-2014396
Organization Overview
John H And Regina K Scully Foundation is located in San Rafael, CA. The organization was established in 2013. 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. John H And Regina K Scully 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 12/2023, John H And Regina K Scully Foundation generated $12.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $73.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John H And Regina K Scully Foundation has awarded 107 individual grants totaling $352,710,248. 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 |
|---|---|---|---|
John Scully Pres/dir | 1 | $0 | |
Regina K Scully Cfo/dir | 1 | $0 | |
Kenneth J Blum Secretary/dir | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kramer Blum & Associates Inc | 12/30/23 | $126,912 |
Jp Morgan Chase | 12/30/23 | $1,099,883 |
Stifel Nicolaus & Co Inc | 12/30/23 | $83,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,039,355 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,384,185 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $431,615 |
| Total Revenue | $12,086,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,180,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,843 |
| Printing and publications | $0 |
| Other expenses | $442,767 |
| Total operating and administrative expenses | $2,921,352 |
| Contributions, gifts, grants paid | $70,276,471 |
| Total expenses and disbursements | $73,197,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,312,025 |
| 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 | $2,886 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $568,070,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $826,469 |
| Total assets | $681,185,847 |
| Accounts payable and accrued expenses | $439,489 |
| 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 | $1,380,360 |
| Total liabilities | $1,819,849 |
Grants Awarded
Over the last fiscal year, John H And Regina K Scully Foundation has awarded $70,276,471 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MAKING WAVES FOUNDATION PURPOSE: GENERAL SUPPORT | $11,064,532 |
MAKING WAVES FOUNDATION PURPOSE: CONSTRUCTION | $4,409,921 |
MAKING WAVES ACADEMY PURPOSE: GENERAL SUPPORT | $4,500,000 |
GIANTS COMMUNITY FUND PURPOSE: GENERAL SUPPORT | $10,000 |
PRINCETON UNIVERSITY PURPOSE: GENERAL SUPPORT | $10,000 |
ARTEMIS RISING FOUNDATION PURPOSE: GENERAL SUPPORT | $24,737,018 |