Rady Foundation
- Assets
- $60.6m
- Revenue
- $15.4m
- Investments
- $56.3m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-0715670
Organization Overview
Rady Foundation is located in San Diego, CA. 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. Rady 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, Rady Foundation generated $15.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 54.1% each year . All expenses for the organization totaled $23.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rady Foundation has awarded 27 individual grants totaling $23,681,108. 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 |
|---|---|---|---|
Ernest S Rady Trustee | 10 | $0 | |
Min Zheng CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,416,000 |
| Interest on Savings | $48,219 |
| Dividends & Interest | $939,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,982,920 |
| Capital Gain Net Income | $6,982,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,386,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,305 |
| Printing and publications | $0 |
| Other expenses | $161,811 |
| Total operating and administrative expenses | $197,719 |
| Contributions, gifts, grants paid | $23,632,268 |
| Total expenses and disbursements | $23,829,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,364 |
| Savings and temporary cash investments | $2,856,867 |
| 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 | $29,447,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,440,268 |
| Total assets | $60,636,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rady Foundation has awarded $23,632,268 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: GENERAL ENDOWMENT | $14,889,708 |
UNIVERSITY OF MANITOBA PURPOSE: RADY HEALTH SCIENCES ENDOWMENT | $4,017,516 |
San Diego, CA PURPOSE: GENERAL ENDOWMENT | $2,704,500 |
JEWISH FAMILY SERVICE PURPOSE: GENERAL ENDOWMENT | $1,000,000 |
San Diego, CA PURPOSE: AFRICA ROCKS | $650,000 |
San Diego, CA PURPOSE: ENDOWED CHAIR FOR GENOMICS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |