Swift Foundation
- Assets
- $51.6m
- Revenue
- $2.3m
- Investments
- $46.6m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 77-0559600
Organization Overview
Swift Foundation is located in Santa Barbara, CA. The organization was established in 2002. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swift 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 12/2023, Swift Foundation generated $2.3m 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 (5.0%) each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Swift Foundation has awarded 195 individual grants totaling $10,373,674. 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 |
|---|---|---|---|
John F Swift President/chair | 7.5 | $0 | |
Karen Swift Treasurer | 3 | $0 | |
Sonja Swift Sect'y/vp | 3 | $0 | |
Jeannette Armstrong Director | 3 | $0 | |
Humberto Rios Labrada Director | 3 | $2,500 | |
Elaine Rasmussen Director | 3 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manchester Capital Management Llc | 12/30/23 | $213,265 |
Boston Trust | 12/30/23 | $55,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,045,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,191,817 |
| Capital Gain Net Income | $1,191,817 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,380 |
| Total Revenue | $2,299,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $445,235 |
| Pension plans, employee benefits | $55,559 |
| Interest | $0 |
| Taxes | $46,659 |
| Depreciation | $0 |
| Occupancy | $34,921 |
| Travel, conferences, and meetings | $94,240 |
| Printing and publications | $0 |
| Other expenses | $73,373 |
| Total operating and administrative expenses | $1,215,910 |
| Contributions, gifts, grants paid | $7,008,810 |
| Total expenses and disbursements | $8,224,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,250 |
| Savings and temporary cash investments | $2,115,436 |
| 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 | $68,960 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,536,993 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,960,777 |
| Total assets | $51,631,550 |
| Accounts payable and accrued expenses | $67,402 |
| Grants payable | $938,680 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $97,198 |
| Total liabilities | $1,103,280 |
Grants Awarded
Over the last fiscal year, Swift Foundation has awarded $335,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACERT PURPOSE: PROTECTING BIOLOGICAL AND CULTURAL DIVERSITY OF PLANET EARTH | $10,000 |
GLOBAL GREENGRANTS FUND PURPOSE: LAND STEWARDSHIP | $325,500 |