Scully Memorial Foundation
- Assets
- $838.2m
- Revenue
- $32.8m
- Investments
- $825.6m
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 46-2014396
Organization Overview
Scully Memorial 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. Scully Memorial 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 12/2021, Scully Memorial Foundation generated $32.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $30.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Scully Memorial Foundation has awarded 70 individual grants totaling $224,270,218. 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 |
|---|---|---|---|
Regina K Scully Cfo/dir | 1 | $0 | |
John Scully Pres/dir | 1 | $0 | |
Kenneth J Blum Secretary/dir | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase | 12/30/21 | $1,471,331 |
Kramer Blum & Associates Inc | 12/30/21 | $84,907 |
Stifel Nicolaus & Co Inc | 12/30/21 | $82,779 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56,300 |
| Dividends & Interest | $12,011,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,491,433 |
| Capital Gain Net Income | $20,491,433 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $220,245 |
| Total Revenue | $32,779,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,036,719 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,316 |
| Total operating and administrative expenses | $2,789,306 |
| Contributions, gifts, grants paid | $27,722,000 |
| Total expenses and disbursements | $30,511,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,496,251 |
| 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 | $692,846,017 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,052,720 |
| Total assets | $838,174,417 |
| Accounts payable and accrued expenses | $403,298 |
| Grants payable | $500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,236,901 |
| Total liabilities | $3,140,199 |
Grants Awarded
Over the last fiscal year, Scully Memorial Foundation has awarded $28,122,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, CA PURPOSE: CONSTRUCTION | $18,100,000 |
Richmond, CA PURPOSE: GENERAL SUPPORT | $6,500,000 |
Jersey City, NJ PURPOSE: GENERAL SUPPORT | $1,500,000 |
STANFORD UNIVERSITY PURPOSE: GENERAL SUPPORT | $1,320,000 |
Pittsburg, CA PURPOSE: GENERAL SUPPORT | $400,000 |
Oakland, CA PURPOSE: GENERAL SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |