John S And James L Knight Foundation Inc
- Assets
- $2.5b
- Revenue
- $183.1m
- Investments
- $2.4b
- Employees
- 0
- Location
- Miami, FL
- Founding
- 01/2014
- Data as of
- 12/2020
- EIN
- 65-0464177
Organization Overview
John S And James L Knight Foundation Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. John S And James L Knight Foundation Inc 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 12/2020, John S And James L Knight Foundation Inc generated $183.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $117.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John S And James L Knight Foundation Inc has awarded 8,868 individual grants totaling $1,845,510,996. 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
2020
Describe the Organization's Program Activity:
SUSTAINABLE NONPROFIT LOCAL JOURNALISM MODELTHE FOUNDATION EXPLORED OPTIONS FOR OPERATING A SUSTAINABLE NONPROFIT LOCAL JOURNALISM BUSINESS. THESE COSTS REPRESENT RESEARCH, DUE DILIGENCE AND OTHER CONSULTANCY INCURRED IN THE FOUNDATION'S ANALYSIS OF BUSINESS MODELS.
TRUST, MEDIA AND DEMOCRACYTHE FOUNDATION SUPPORTED SIGNIFICANT OPINION RESEARCH AND SURVEYS CONDUCTED BY INDEPENDENT THIRD-PARTY FIRMS AS PART OF TRUST, MEDIA AND DEMOCRACY INITIATIVE. THIS INITIATIVE EXPLORES THE ROLE OF TRUST IN JOURNALISM IN OUR DEMOCRACY. THESE RESEARCH AND SURVEYS EXPLORED ATTITUDES AS WELL AS WAYS TO BUILD TRUST IN INFORMATION. THE SURVEYS WERE PUBLICLY DISSEMINATED VIA SEVERAL MEDIUMS SO THAT THEY COULD BE WIDELY AVAILABLE.
KNIGHT COMMISSION ON INTERCOLLEGIATE ATHLETICS IN 2020, THE KNIGHT COMMISSION ON INTERCOLLEGIATE ATHLETICS PRODUCED MAJOR REPORTS AND STUDIES TO ADVANCE ITS PURPOSE IN LEADING TRANSFORMATIONAL CHANGE IN COLLEGE SPORTS TO PRIORITIZE COLLEGE ATHLETES' EDUCATION, HEALTH, SAFETY AND SUCCESS. OVER THE YEAR, THE COMMISSION LAUNCHED A FAR-REACHING EXAMINATION OF THE D-I MODEL, WHICH INCLUDED A MAJOR SURVEY OF D-I LEADERS, A FINANCIAL ASSESSMENT OF THE NCAA'S REVENUE DISTRIBUTION, AND NUMEROUS MEETINGS. THE EXAMINATION LED TO THE ADVANCEMENT OF MAJOR RECOMMENDATIONS IN THE COMMISSION'S TRANSFORMING THE NCAA D-I MODEL SERIES. THIS SERIES OF REPORTS AND RECOMMENDATIONS INCLUDED THE FOLLOWING:-PRINCIPLES TO GUIDE NEW NIL RULES-PROPOSALS TO RESTRUCTURE D-I AND ITS FINANCIAL FRAMEWORK-RECOMMENDATIONS IN ITS "ACHIEVING RACIAL EQUITY IN COLLEGE SPORTS" REPORT
KNIGHT MEDIA FORUMTHE KNIGHT MEDIA FORUM IS THE PREMIER GATHERING FOR FUNDERS AND MEDIA LEADERS WORKING TO STRENGTHEN LOCAL NEWS, COMMUNITY AND DEMOCRACY. THE CONVENING HAS EVOLVED OVER THE PAST THIRTEEN YEARS TO A 600-PERSON CONFERENCE WHICH INCLUDES LEARNING EVENTS WITH EXPERTS AND LEADING PRACTITIONERS IN THESE AREAS. PARTICIPANTS LEAVE WITH I) AWARENESS OF CUTTING-EDGE ISSUES AND MAJOR TRENDS IN COMMUNITY NEWS AND INFORMATION, II) PRACTICAL TOOLS AND REPLICABLE IDEAS AND III) NEW PARTNERSHIPS AND RELATIONSHIPS TO HELP EXECUTE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alberto Ibarguen One Time Payment Of Accrued Benefit | 1 | $81,767 | |
Samsher Gill Senior Vp/cpo | 40 | $404,223 | |
Juan J Martinez Vp/cfo & Treasurer | 40 | $361,607 | |
Victoria Rogers Vp/arts | 40 | $279,480 | |
Jennifer Preston Vp/journalism | 40 | $270,461 | |
Terese Curiel Vp/admin & Secretary | 40 | $269,443 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenberg Traurig | 12/30/20 | $1,124,101 |
Alvarez & Marsal Transaction Adv Group Llc | 12/30/20 | $1,137,120 |
Cambridge Associates Llc | 12/30/20 | $2,891,263 |
Mckinsey & Company Inc Us | 12/30/20 | $876,305 |
Gallup Inc | 12/30/20 | $1,847,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,069 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,622,958 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $169,482,373 |
| Capital Gain Net Income | $174,453,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,107 |
| Total Revenue | $183,144,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,203,368 |
| Other employee salaries and wages | $5,533,920 |
| Pension plans, employee benefits | $2,684,055 |
| Interest | $0 |
| Taxes | $3,540,615 |
| Depreciation | $0 |
| Occupancy | $941,617 |
| Travel, conferences, and meetings | $198,765 |
| Printing and publications | $69,886 |
| Other expenses | $16,172,376 |
| Total operating and administrative expenses | $38,793,886 |
| Contributions, gifts, grants paid | $79,075,032 |
| Total expenses and disbursements | $117,868,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,103,251 |
| 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 | $1,357,618,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $84,835,999 |
| Total assets | $2,530,104,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $169,607,686 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,352,353 |
| Total liabilities | $177,960,039 |
Grants Awarded
Over the last fiscal year, John S And James L Knight Foundation Inc has awarded $180,008,737 in support to 816 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: TO SUPPORT THE GROWTH OF THE SCHOOL OF COMPUTING AND INFORMATION SCIENCES (SCIS) AT FLORIDA INTERNATIONAL UNIVERSITY AS IT SEEKS TO BECOME A LEADING SCHOOL FOR COMPUTER SCIENCE AND ENGINEERING IN FLORIDA AND THE GO-TO TALENT PIPELINE FOR INDUSTRY IN THE REGION. | $10,000,000 |
New York, NY PURPOSE: TO SUSTAIN THE KNIGHT FIRST AMENDMENT INSTITUTE AT COLUMBIA UNIVERSITY, WHICH WILL PRESERVE BROAD FIRST AMENDMENT RIGHTS IN THE DIGITAL AGE AS A CHAMPION OF DOMESTIC FREE EXPRESSION THOUGH LITIGATION, RESEARCH AND SCHOLARSHIP, WITH THE GOALS OF PRODUCING SIGNIFICANT LEGAL VICTORIES AND INFORMING DISCOURSE AND DEBATE ON THESE ISSUES. | $5,000,000 |
UNIVERSITY OF MIAMI PURPOSE: TO SUPPORT THE GROWTH OF THE INSTITUTE FOR DATA SCIENCE AND COMPUTING, AN INTERDISCIPLINARY CENTER OF SCHOLARSHIP THAT ENABLES DATA SCIENCE RESEARCH, APPLICATION AND EDUCATION AT THE UNIVERSITY OF MIAMI. | $4,300,605 |
New York, NY PURPOSE: TO SUPPORT THE LONG-TERM FUTURE OF THE COMMITTEE TO PROTECT JOURNALISTS BY INVESTING IN A PERMANENT HOME FOR THE ORGANIZATION AS WELL AS ITS CONTINUED SUSTAINABILITY. | $4,000,000 |
Akron, OH PURPOSE: TO CREATE A SIGNATURE PARK ON THE NORTH SHORE OF SUMMIT LAKE IN AKRON THAT WILL SERVE AS AN URBAN DESTINATION AND BETTER CONNECT DOWNTOWN TO THE ADJACENT NEIGHBORHOODS. | $4,000,000 |
Atlanta, GA PURPOSE: TO SUPPORT THE PUBLIC LIBRARY TRANSITION TO DIGITAL THROUGH THE DEVELOPMENT OF AN INTEGRATED PLATFORM TO PURCHASE AND LEND E-BOOKS TO PATRONS. | $2,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John S And James L Knight Foundation Inc has recieved totaling $301,415.
| Awarding Organization | Amount |
|---|---|
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $301,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Scholarships Inc Gray, GA | $60,823,057 | $230,146,898 |
John S And James L Knight Foundation Inc Miami, FL | $2,530,104,679 | $183,144,507 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |