The Susan Thompson Buffett Foundation
- Assets
- $1.6b
- Revenue
- $489.3m
- Investments
- $1.6b
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 47-6032365
Organization Overview
The Susan Thompson Buffett Foundation is located in Omaha, NE. The organization was established in 1964. 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. Susan Thompson Buffett 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, Susan Thompson Buffett Foundation generated $489.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $558.5m during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Susan Thompson Buffett Foundation has awarded 4,016 individual grants totaling $6,364,266,266. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALICE BUFFETT OUTSTANDING TEACHER AWARDS - 15 TEACHERS AWARDED $10,000 ($150,000 TOTAL)
SCHOLARSHIPS - AWARDED $38,657,851 IN SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Greenberg President/director | 40 | $724,400 | |
Senait Fisseha Dir Global Programs | 40 | $482,052 | |
Tracy Weitz Dir U.s. Programs | 40 | $470,250 | |
Loretta Gavin Senior Research And | 40 | $368,073 | |
Melissa How Secretary/dir Grants & Finance | 40 | $364,866 | |
Sandra Garcia Dir Research & Eval | 40 | $362,221 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Institute For Research | 12/30/21 | $3,029,008 |
East Tennessee State | 12/30/21 | $2,802,979 |
Thompson Coburn Llp | 12/30/21 | $12,000,000 |
United Nations Population Fund | 12/30/21 | $20,000,000 |
Indiana University | 12/30/21 | $2,657,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $318,138,902 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,031,390 |
| Net Rental Income | $71,266 |
| Net Gain on Sale of Assets | $157,846,258 |
| Capital Gain Net Income | $157,850,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,820,718 |
| Total Revenue | $489,302,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,089,266 |
| Other employee salaries and wages | $9,397,013 |
| Pension plans, employee benefits | $2,396,885 |
| Interest | $0 |
| Taxes | $1,977,494 |
| Depreciation | $1,294,518 |
| Occupancy | $1,722,137 |
| Travel, conferences, and meetings | $87,212 |
| Printing and publications | $56,105 |
| Other expenses | $427,110 |
| Total operating and administrative expenses | $73,206,863 |
| Contributions, gifts, grants paid | $485,292,832 |
| Total expenses and disbursements | $558,499,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,775,897 |
| 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 | $13,543,084 |
| Other assets | $0 |
| Total assets | $1,642,998,709 |
| Accounts payable and accrued expenses | $48,751 |
| 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 | $48,751 |
Grants Awarded
Over the last fiscal year, The Susan Thompson Buffett Foundation has awarded $652,081,037 in support to 397 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL FINANCING FACILITY PURPOSE: PROJECT SUPPORT | $60,000,000 |
IMBUTO FOUNDATION PURPOSE: PROJECT SUPPORT | $20,450,818 |
MSI-US PURPOSE: PROJECT SUPPORT | $20,020,497 |
UNITED NATIONS POPULATION FUND PURPOSE: PROJECT SUPPORT | $20,000,000 |
Washington, DC PURPOSE: PROJECT SUPPORT | $19,006,583 |
CENTER FOR INTERNATIONAL REPRODUCTIVE HEALTH TRAINING PURPOSE: PROJECT SUPPORT | $16,550,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Susan Thompson Buffett Foundation has recieved totaling $35,728.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $35,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Susan Thompson Buffett Foundation Omaha, NE | $1,642,998,709 | $489,302,262 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |