Kavli Foundation
- Assets
- $672.2m
- Revenue
- $63.9m
- Investments
- $588.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 77-0560142
Organization Overview
Kavli Foundation is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kavli 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 12/2021, Kavli Foundation generated $63.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $49.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kavli Foundation has awarded 836 individual grants totaling $275,396,033. 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
2021
Describe the Organization's Program Activity:
THE GENERAL PURPOSE OF THE KAVLI FOUNDATION IS TO DEVOTE AND APPLY THE PROPERTY OF THE FOUNDATION AND THE INCOME TO BE DERIVED THEREFROM EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES, EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS DULY AUTHORIZED TO CARRY ON CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITIES. THE FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF SCIENCE FOR THE BENEFIT OF HUMANITY. THE FOUNDATION SUPPORTS SCIENTIFIC RESEARCH, HONORS SCIENTIFIC ACHIEVEMENT, AND PROMOTES PUBLIC UNDERSTANDING OF SCIENTISTS AND THEIR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Friend President | 40 | $611,278 | |
Alice Galstian Cfo/vp Of Finance | 40 | $336,167 | |
Eric Marshall Director Of Prizes A | 40 | $286,498 | |
Michael Turner Senior Strategic Adv | 40 | $262,889 | |
Christopher Martin Director, Physical S | 40 | $261,345 | |
Stacey Bailey Director, Communicat | 40 | $241,854 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinnacle Contracting Corporation | 12/30/21 | $5,787,135 |
Gluck Building Company | 12/30/21 | $207,709 |
Springer Nature America Inc | 12/30/21 | $255,281 |
Conn Enterprise Consulting Dba Cec | 12/30/21 | $337,337 |
The Endowment Office | 12/30/21 | $225,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,215,366 |
| Net Rental Income | $1,174,994 |
| Net Gain on Sale of Assets | $59,509,867 |
| Capital Gain Net Income | $53,465,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,900,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,368,479 |
| Other employee salaries and wages | $4,216,042 |
| Pension plans, employee benefits | $1,162,598 |
| Interest | $150,413 |
| Taxes | $1,254,316 |
| Depreciation | $542,452 |
| Occupancy | $353,422 |
| Travel, conferences, and meetings | $58,502 |
| Printing and publications | $0 |
| Other expenses | $1,913,803 |
| Total operating and administrative expenses | $14,818,843 |
| Contributions, gifts, grants paid | $34,166,160 |
| Total expenses and disbursements | $48,985,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,009,270 |
| Savings and temporary cash investments | $34,463,693 |
| Net Accounts receivable | $1,429,314 |
| Net Pledges Receivable | $1,809,164 |
| 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 | $353,907 |
| Net Investments - land, buildings, equipment | $8,250,762 |
| Investments—mortgage loans | $0 |
| Investments—other | $337,065,122 |
| Net Land, buildings, and equipment | $35,680,815 |
| Other assets | $504,916 |
| Total assets | $672,190,947 |
| Accounts payable and accrued expenses | $2,599,643 |
| Grants payable | $64,815,118 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $11,416,758 |
| Other liabilities | $3,786,477 |
| Total liabilities | $82,617,996 |
Grants Awarded
Over the last fiscal year, Kavli Foundation has awarded $63,719,049 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE PURPOSE: KAVLI NDI PHASE III | $14,200,000 |
UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION PURPOSE: KAVLI ENERGY NANOSCIENCE INSTITUTE PHASE III | $6,700,000 |
New York, NY PURPOSE: KAVLI NSI PHASE III | $5,000,000 |
KAVLI INSTITUTE FOR FUNDAMENTAL NEUROSCIENCE AT UCSF PURPOSE: KAVLI INSTITUTE FOR FUNDAMENTAL NEUROSCIENCE | $3,798,000 |
KAVLI INSTITUTE FOR NANOSCALE DISCOVERY AT OXFORD (KAVLI INSD) PURPOSE: KAVLI INSTITUTE FOR NANOSCALE DISCOVERY AT OXFORD PHASE I/II | $2,238,741 |
NATIONAL ACADEMY OF SCIENCES PURPOSE: FRED KAVLI ENDOWMENT FUND | $2,100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |