Preston-Werner Foundation
- Assets
- $67.1m
- Revenue
- $3.0m
- Investments
- $66.8m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-2899018
Organization Overview
Preston-Werner Foundation is located in Palo Alto, CA. The organization was established in 2019. 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. Preston-Werner 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, Preston-Werner Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.6%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Preston-Werner Foundation has awarded 139 individual grants totaling $8,642,560. 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 |
|---|---|---|---|
Thomas Preston-Werner Co-President/director | 0.4 | $0 | |
Theresa Preston-Werner Co-President/director | 0.4 | $0 | |
Tom Van Loben Sels Cfo/secretary | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Llc | 12/30/21 | $348,519 |
Apercen Partners Llc | 12/30/21 | $96,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,712,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,316,951 |
| Capital Gain Net Income | $1,317,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $202 |
| Total Revenue | $3,029,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $155,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106,427 |
| Total operating and administrative expenses | $737,081 |
| Contributions, gifts, grants paid | $4,972,295 |
| Total expenses and disbursements | $5,709,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $372,451 |
| 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 | $585,843 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,122,647 |
| Accounts payable and accrued expenses | $21,944 |
| Grants payable | $43,735 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $198,000 |
| Total liabilities | $263,679 |
Grants Awarded
Over the last fiscal year, Preston-Werner Foundation has awarded $4,928,560 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
West Hollywood, CA PURPOSE: GENERAL SUPPORT | $500,000 |
Washington, DC PURPOSE: REPORTING ON GENDER, SEXUAL AND REPRODUCTIVE HEALTH, AND CLIMATE ACTION | $250,000 |
PEOPLE'S ACTION INSTITUTE PURPOSE: JUSTICE IS GLOBAL PROJECT | $200,000 |
San Francisco, CA PURPOSE: MASS LIBERATION AZ | $150,000 |
San Francisco, CA PURPOSE: GREEN NEW DEAL NETWORK | $150,000 |
Berkeley, CA PURPOSE: RICHMOND PROGRESSIVE ALLIANCE | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |