The Patterson Foundation
- Assets
- $0.0
- Revenue
- $23.1m
- Investments
- $297.4m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/1997
- Data as of
- 06/2021
- EIN
- 65-6230256
Organization Overview
The Patterson Foundation is located in Sarasota, FL. The organization was established in 1997. 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. Patterson 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 06/2021, Patterson Foundation generated $23.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $12.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Patterson Foundation has awarded 21 individual grants totaling $16,905,752. 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 |
|---|---|---|---|
Northern Trust Trustee | 40 | $817,560 | |
Debra Jacobs President & CEO | 40 | $332,481 | |
Elizabeth Duda Initiative Manager | 40 | $171,270 | |
Nancy Henry Office Manager | 40 | $80,808 | |
Michael Zimmerman Tpf Fellow | 40 | $73,192 | |
Connor Lagrange Tpf Fellow | 40 | $71,320 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ad Vance Talent Solutions Inc | 6/29/22 | $750,403 |
One Sarasota Tower Lllp | 6/29/22 | $219,522 |
Coryea Consulting Llc | 6/29/22 | $168,426 |
Magnify Good | 6/29/22 | $187,266 |
No Margin No Mission Llc | 6/29/22 | $182,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,755,673 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,103,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $991,140 |
| Pension plans, employee benefits | $265,452 |
| Depreciation | $18,632 |
| Occupancy | $225,826 |
| Travel, conferences, and meetings | $39,760 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,768,485 |
| Contributions, gifts, grants paid | $6,204,833 |
| Total expenses and disbursements | $11,973,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,434,598 |
| Investments—mortgage loans | $0 |
| Investments—other | $124,530,062 |
| Other assets | $747,847 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,011,337 |
Grants Awarded
Over the last fiscal year, The Patterson Foundation has awarded $10,660,981 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: TPF DONOR ADVISED FUND - 8/16/21 AND 5/5/22; EDEXPLORE SRQ ENDOWMENT; PAY IT FORWARD FUND; NURTURE FUND; SEASON OF SHARING CAMPAIGN; THE GIVING CHALLENGE 2022 MATCH AND PRIZES; | $7,945,661 |
Sarasota, FL PURPOSE: PROPELLING POSITIVE MOMENTUM IN FUNDRAISING EFFORT | $1,000,000 |
CENTER FOR DISASTER PHILANTROPY PURPOSE: ATLANTIC HURRICANE SEASON RECOVERY FUND; HAITI EARTHQUAKE RECOVERY FUND; UKRAINE HUMANITARIAN CRISIS RECOVERY FUND; STRATEGIC PLANNING | $780,000 |
Fairfax, VA PURPOSE: ;NETHOPE'S FUNDER EMERGENCY RESPONSE UPDATE TYPHOON RAI; COLLECTIVE IMPACT FUND | $300,000 |
FOUNDATIONS INC PURPOSE: NATIONAL SUPPORT PARTNER | $250,000 |
SCHOOL BOARD OF SARASOTA COUNTY PURPOSE: ICAMPAIGN FOR GRADE LEVEL READING - DATABASE ENGINEER COORDINATOR; SYSTEMS PROGRAMMER III | $149,920 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Patterson Foundation has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Touching Tomorrow Inc Plant City, FL PURPOSE: SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
Peter@degeorge Family Foundation Inc Palm Beach Gardens, FL | $1,828,456 | $678,712 |
The Batchelor Foundation Inc Miami Beach, FL | $358,630,434 | $9,326,509 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL | $355,586,591 | $19,852,168 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |