Justin Jacobs Jr Charitable Trust
- Assets
- $0.0
- Revenue
- $1.2m
- Investments
- $9.8m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2018
- Data as of
- 09/2021
- EIN
- 82-6661748
Organization Overview
Justin Jacobs Jr Charitable Trust is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Justin Jacobs Jr Charitable Trust 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 09/2021, Justin Jacobs Jr Charitable Trust generated $1.2m 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 (27.2%) each year. All expenses for the organization totaled $999.3k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Justin Jacobs Jr Charitable Trust has awarded 11 individual grants totaling $1,375,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JACOBS FAMILY FOUNDATION SUPPORTS RESEARCH, EDUCATION, AND PROGRESS. THE FOUNDATION SEEKS GRANT-MAKING OPPORTUNITIES PRIMARILY IN THE FOLLOWING DOMAINS: CLIMATE CHANGE, REGENERATION, DISINFORMATION, A.I. SAFETY, SOCIOECONOMIC EQUITY, AND HEALTHY DEMOCRACY. THE FOUNDATION STAFF ALSO PROVIDES ADMINISTRATIVE SUPPORT TO NON-PROFIT ORGANIZATIONS IN THE PREVIOUSLY IDENTIFIED DOMAINS. CURRENT ACTIVITIES AND FUNDED ORGANIZATIONS CAN BE SEEN AT THE WEBSITE JACOBSFF.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Crocker Jacobs Trustee | 2.7 | $50,000 | |
Garrett Winston Jacobs Trustee | 1.5 | $25,000 | |
Kathryn Elizabeth Jacobs Trustee | 2.3 | $25,000 | |
Nancy W Collins Associate | 37.29 | $96,950 | |
Kathleen C Eagles Associate | 40.15 | $91,872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Farella Braun Martel Llp | 9/29/20 | $82,555 |
Frank Rimerman Co Llp | 9/29/20 | $78,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49,084 |
| Dividends & Interest | $52,809 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,049,687 |
| Total Revenue | $1,181,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Pension plans, employee benefits | $16,499 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $574,287 |
| Contributions, gifts, grants paid | $425,000 |
| Total expenses and disbursements | $999,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,755,881 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Justin Jacobs Jr Charitable Trust has awarded $450,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VOTEAMERICA INC PURPOSE: GENERAL SUPPORT | $150,000 |
OPENMIND PLATFORM AKA CONSTRUCTIVE DIALOGUE INSTITUTE INC PURPOSE: EDUCATION SUPPORT | $100,000 |
GOOD FOOD INSTITUTE INC PURPOSE: SCIENTIFIC RESEARCH | $200,000 |