Kelson Foundation
- Assets
- $156.4m
- Revenue
- $6.6m
- Investments
- $144.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-3588323
Organization Overview
Kelson Foundation is located in San Francisco, CA. The organization was established in 2017. 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. Kelson 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, Kelson Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $9.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kelson Foundation has awarded 545 individual grants totaling $24,988,630. 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 |
|---|---|---|---|
Jake Moritz President | 1 | $0 | |
Michael Moritz Secretary; Treasurer | 0 | $0 | |
Melissa Narula CEO & Assistant Secretary | 2 | $0 | |
Wendy Yu Einhorn Audit Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,053,912 |
| Interest on Savings | $32,938 |
| Dividends & Interest | $321,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,167,610 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $324,697 |
| Total Revenue | $6,565,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$368,306 |
| Total operating and administrative expenses | -$216,335 |
| Contributions, gifts, grants paid | $10,124,250 |
| Total expenses and disbursements | $9,907,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $11,084,122 |
| 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 | $173,984 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,632,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $314,302 |
| Total assets | $156,438,079 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,100,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $302,824 |
| Total liabilities | $4,402,824 |
Grants Awarded
Over the last fiscal year, Kelson Foundation has awarded $10,624,250 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
826 VALENCIA PURPOSE: GENERAL SUPPORT | $50,000 |
THE ALAMEDA COUNTY COMMUNITY FOOD BANK INC PURPOSE: GENERAL SUPPORT | $100,000 |
AMERICAN ALPINE CLUB PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: GENERAL SUPPORT | $100,000 |
ASIAN AMERICAN FEDERATION PURPOSE: GENERAL SUPPORT | $50,000 |