Benificus Foundation
- Assets
- $12.4m
- Revenue
- $2.7m
- Investments
- $8.2m
- Employees
- 0
- Location
- San Carlos, CA
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 77-0444504
Organization Overview
Benificus Foundation is located in San Carlos, CA. 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. Benificus 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 12/2022, Benificus Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $100.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Benificus Foundation has awarded 175 individual grants totaling $278,898,137. 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 |
|---|---|---|---|
L John Doerr III Vice President | 0 | $0 | |
Ann Howland Doerr President | 0 | $0 | |
Barbara S Hager Ceo/cfo | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,545 |
| Dividends & Interest | $176,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,553,589 |
| Capital Gain Net Income | $2,553,589 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,742,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $89,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139,734 |
| Total operating and administrative expenses | $271,608 |
| Contributions, gifts, grants paid | $99,890,001 |
| Total expenses and disbursements | $100,161,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,147,055 |
| 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 | $8,172,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,363,256 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Benificus Foundation has awarded $99,890,001 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: GENERAL PURPOSE | $509,979 |
ALLIANCE FOR CLIMATE PROTECTION DBA CLIMATE REALITY PROJECT PURPOSE: GENERAL PURPOSE | $7,063,038 |
ASIA SOCIETY OF NORTHERN CALIFORNIA PURPOSE: GENERAL PURPOSE | $5,000 |
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: GENERAL PURPOSE | $250,000 |
ASPEN GLOBAL CHANGE INSTITUTE PURPOSE: GENERAL PURPOSE | $10,063,169 |
ASPEN MUSIC FESTIVAL AND SCHOOL PURPOSE: GENERAL PURPOSE | $5,000 |