Price Philanthropies Foundation
- Assets
- $498.0m
- Revenue
- $37.9m
- Investments
- $422.6m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 46-5129465
Organization Overview
Price Philanthropies Foundation is located in La Jolla, CA. The organization was established in 2015. 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. Price Philanthropies 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, Price Philanthropies Foundation generated $37.9m in total revenue.
Since 2020, Price Philanthropies Foundation has awarded 937 individual grants totaling $56,054,072. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CITY HEIGHTS REAL ESTATE (SEE STATEMENT 21)
APRENDER Y CRECER (SEE STATEMENT 21)
THE CITY HEIGHTS INITIATIVE (SEE STATEMENT 21)
CARDINALS INTERACT (SEE STATEMENT 21)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Miller Executive Director | 40 | $211,000 | |
Jennette Shay Vice President - Grant Making | 40 | $198,654 | |
Jennifer Barron Program Director | 40 | $183,400 | |
Ann Evons Bossler Program Director | 40 | $141,100 | |
Beatriz Valencia Program Director | 40 | $133,000 | |
Rosario Martinez Program Director | 40 | $130,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Price Group Llc | 12/30/21 | $2,230,000 |
Lindsay & Brownell Llp | 12/30/21 | $103,500 |
Lara Gates - Gates Planning Strategies | 12/30/21 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,019,039 |
| Interest on Savings | $334,017 |
| Dividends & Interest | $6,671,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,942,838 |
| Capital Gain Net Income | $25,312,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,924,668 |
| Total Revenue | $37,892,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $248,654 |
| Other employee salaries and wages | $2,586,201 |
| Pension plans, employee benefits | $812,500 |
| Interest | $0 |
| Taxes | $1,271,983 |
| Depreciation | $3,092,353 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,288,236 |
| Total operating and administrative expenses | $19,921,750 |
| Contributions, gifts, grants paid | $32,652,410 |
| Total expenses and disbursements | $52,574,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,666,856 |
| Savings and temporary cash investments | $1,840,861 |
| Net Accounts receivable | $861,064 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $984,565 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,474 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $191,517,819 |
| Net Land, buildings, and equipment | $60,504,701 |
| Other assets | $8,496,410 |
| Total assets | $497,968,777 |
| Accounts payable and accrued expenses | $5,229 |
| 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 | $217,415 |
| Total liabilities | $222,644 |
Grants Awarded
Over the last fiscal year, Price Philanthropies Foundation has awarded $29,694,189 in support to 458 organizations.
| Grant Recipient | Amount |
|---|---|
UC SAN DIEGO FOUNDATION PURPOSE: GENERAL SUPPORT | $7,000,000 |
San Diego, CA PURPOSE: GENERAL SUPPORT | $2,623,363 |
San Diego, CA PURPOSE: GENERAL SUPPORT | $1,200,000 |
San Diego, CA PURPOSE: VARIOUS PROGRAMS IN CITY HEIGHTS | $921,103 |
CASA CORNELIA LAW CENTER PURPOSE: PRO BONO/JUSTICE FUND | $720,000 |
SAN DIEGO UNIFIED SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $633,196 |
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 |