Patricia And Paul Bragg Foundation
- Assets
- $96.3m
- Revenue
- $2.5m
- Investments
- $92.0m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3883910
Organization Overview
Patricia And Paul Bragg Foundation is located in Santa Barbara, CA. The organization was established in 2020. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Patricia And Paul Bragg 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, Patricia And Paul Bragg Foundation generated $2.5m 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 (70.9%) each year.
Since 2020, Patricia And Paul Bragg Foundation has awarded 71 individual grants totaling $5,943,923. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas J Schneider CFO | 10 | $0 | |
Lesley Tippitt President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,405 |
| Dividends & Interest | $1,715,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $742,083 |
| Capital Gain Net Income | $742,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,462,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,026 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,696 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $218,906 |
| Total operating and administrative expenses | $374,369 |
| Contributions, gifts, grants paid | $5,565,500 |
| Total expenses and disbursements | $5,939,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,087 |
| Savings and temporary cash investments | $4,168,815 |
| 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 | $46,528,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $96,344,460 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $709,769 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $709,769 |
Grants Awarded
Over the last fiscal year, Patricia And Paul Bragg Foundation has awarded $5,565,500 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: FOOTHILLS FOREVER CAMPAIGN | $5,052,500 |
SANTA BARBARA WILDLIFE CARE NETWORK PURPOSE: CAPITAL PROJECT | $155,000 |
Santa Barbara, CA PURPOSE: PROGRAM | $140,000 |
PEGASUS EQUINE GUARDIANS ASSOCIATION PURPOSE: UNRESTRICTED | $20,000 |
Parlier, CA PURPOSE: UNRESTRICTED | $15,000 |
FUND FOR SANTA BARBARA PURPOSE: PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |
Rodan & Fields Prescription For Change Foundation San Francisco, CA | $4,001,646 | $2,863,722 |
Mz Foundation San Francisco, CA | $44,105,186 | $1,119,650 |
Northridge Hospital Foundation Northridge, CA | $34,105,593 | $7,650,276 |