Jack Kent Cooke Foundation
- Assets
- $883.5m
- Revenue
- $42.9m
- Investments
- $840.1m
- Employees
- 0
- Location
- Lansdowne, VA
- Founding
- 08/2015
- Data as of
- 05/2021
- EIN
- 54-1896244
Organization Overview
Jack Kent Cooke Foundation is located in Lansdowne, VA. The organization was established in 2015. 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. Jack Kent Cooke 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 05/2021, Jack Kent Cooke Foundation generated $42.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $41.0m during the year ending 05/2021. While expenses have increased by 4.0% per year over the past 5 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 2016, Jack Kent Cooke Foundation has awarded 11,202 individual grants totaling $193,031,694. 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
UNDERGRADUATE SCHOLARSHIP PROGRAMS - SEE ATTACHED
YOUNG SCHOLARS PROGRAM - SEE ATTACHED
GRADUATE SCHOLARSHIP PROGRAMS - SEE ATTACHED
ALUMNI PROGRAMS - SEE ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guiseppe Basili Executive Director | 40 | $517,864 | |
Marianne Stanley CFO | 40 | $320,084 | |
Manny Rodriguez Chief Technology Off | 40 | $240,010 | |
Dana Elizabeth O'neill Scholarship Programs | 40 | $219,000 | |
Natalie Jansorn Scholarship Programs | 40 | $219,000 | |
Denise Holmes Chief Counsel | 40 | $193,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Private Real Estate Fund #2 #3 #13 #14 | 5/30/22 | $520,345 |
Longshort Hedge Fund #2 | 5/30/22 | $412,749 |
Private Natural Resources Fund #8 #9 #14 | 5/30/22 | $347,275 |
Cornerstone Partners Llc | 5/30/22 | $1,876,632 |
Windacre | 5/30/22 | $364,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,919 |
| Interest on Savings | $1,239 |
| Dividends & Interest | $4,863,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,949,739 |
| Capital Gain Net Income | $33,979,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75,439 |
| Total Revenue | $42,942,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $943,709 |
| Other employee salaries and wages | $4,743,705 |
| Pension plans, employee benefits | $1,927,201 |
| Interest | $53,453 |
| Taxes | $2,337,714 |
| Depreciation | $646,289 |
| Occupancy | $583,114 |
| Travel, conferences, and meetings | $13,469 |
| Printing and publications | $25,584 |
| Other expenses | $1,129,114 |
| Total operating and administrative expenses | $16,683,349 |
| Contributions, gifts, grants paid | $24,361,350 |
| Total expenses and disbursements | $41,044,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,089,390 |
| Savings and temporary cash investments | $1,054,574 |
| 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 | $495,737 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $454,359,921 |
| Net Land, buildings, and equipment | $13,518,441 |
| Other assets | $20,215,191 |
| Total assets | $883,502,508 |
| Accounts payable and accrued expenses | $990,207 |
| Grants payable | $9,262,010 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $16,922,682 |
| Other liabilities | $3,042,574 |
| Total liabilities | $30,217,473 |
Grants Awarded
Over the last fiscal year, Jack Kent Cooke Foundation has awarded $34,134,959 in support to 1,893 organizations.
| Grant Recipient | Amount |
|---|---|
FROM THE TOP INC PURPOSE: SCHOLARSHIPS AND EDUCATIONAL PROGRAMMING | $1,030,000 |
Baltimore, MD PURPOSE: CURRENT SCHOLARSHIPS AND ENDOWED SCHOLARSHIP FUND | $1,000,000 |
Normal, AL PURPOSE: CURRENT SCHOLARSHIPS AND ENDOWED SCHOLARSHIP FUND | $1,000,000 |
Ashburn, VA PURPOSE: SUPPORT TO PILOT BEAM DISCOVERY FOR RISING LCPS 7TH GRADERS. | $400,000 |
Washington, DC PURPOSE: SUPPORT FOR A NATIONAL COMMUNITY COLLEGE TRANSFER PIPELINE TO SELECTIVE INSTITUTIONS. | $200,000 |
Ashburn, VA PURPOSE: SUPPORT FOR PROPEL AND LEVEL UP EDUCATIONAL PROGRAMMING. | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jack Kent Cooke Foundation has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |