Koum Family Foundation
- Assets
- $1.8b
- Revenue
- $59.7m
- Investments
- $1.8b
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 05/2016
- Data as of
- 12/2019
- EIN
- 47-5446562
Organization Overview
Koum Family Foundation is located in Menlo Park, CA. The organization was established in 2016. 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.
For the year ending 12/2019, Koum Family Foundation generated $59.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.2%) each year.
Since 2017, Koum Family Foundation has awarded 105 individual grants totaling $120,434,663. 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 |
|---|---|---|---|
Yana Kalika Chief Financial Officer An | 40 | $115,020 | |
Jan Koum President | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co | 12/30/19 | $3,678,978 |
Arabella Advisors | 12/30/19 | $157,031 |
Frank Rimerman & Co | 12/30/19 | $75,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,042,608 |
| Interest on Savings | $18,520,994 |
| Dividends & Interest | $18,486,987 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,412,860 |
| Capital Gain Net Income | $12,412,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $268,030 |
| Total Revenue | $59,731,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,020 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,247,135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,678,978 |
| Total operating and administrative expenses | $11,310,976 |
| Contributions, gifts, grants paid | $77,433,663 |
| Total expenses and disbursements | $88,744,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,050,627 |
| 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 | $1,810,569,864 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,835,620,491 |
| Accounts payable and accrued expenses | $926,310 |
| Grants payable | $13,331,160 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,558,970 |
| Total liabilities | $22,816,440 |
Grants Awarded
Over the last fiscal year, Koum Family Foundation has awarded $77,433,663 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: GENERAL CHARITY | $11,200,000 |
New York, NY PURPOSE: GENERAL CHARITY | $6,000,000 |
San Mateo, CA PURPOSE: GENERAL CHARITY | $4,500,000 |
Monsey, NY PURPOSE: GENERAL CHARITY | $3,668,864 |
Monsey, NY PURPOSE: GENERAL CHARITY | $3,439,958 |
New York, NY PURPOSE: GENERAL CHARITY | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Lucile Packard Foundation Los Altos, CA | $7,969,450,311 | $583,512,886 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $7,171,712,288 | $420,429,327 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $5,513,014,582 | $130,867,530 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $216,107,505 | $79,449,712 |
The Heising-Simons Foundation Los Altos, CA | $592,364,420 | $130,276,952 |
The Energy Foundation San Francisco, CA | $101,883,000 | $125,609,558 |
Gerson Bakar Foundation San Francisco, CA | $820,628,561 | $470,431,818 |
Helen And Sanford Diller Family Foundation San Mateo, CA | $0 | $103,100,333 |
Koum Family Foundation Menlo Park, CA | $1,835,620,491 | $59,731,479 |
Knight Foundation Beaverton, OR | $2,272,552,214 | $887,142,889 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $585,768,391 | $128,642,441 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,342,598,467 | $238,519,173 |