Max Stenbeck Charitable Fund
- Assets
- $20.3m
- Revenue
- $26.1m
- Investments
- $17.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-1238954
Organization Overview
Max Stenbeck Charitable Fund is located in Los Angeles, 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. Max Stenbeck Charitable Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Max Stenbeck Charitable Fund has awarded 24 individual grants totaling $5,904,998. 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 |
|---|---|---|---|
Sophie Stenbeck Member-Director-Presdnt-Secy-T | 0.5 | $0 | |
Henry Guy Member-Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,330,165 |
| Interest on Savings | $7,306 |
| Dividends & Interest | $23,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,703,991 |
| Capital Gain Net Income | $8,717,226 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,064,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95,597 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,389 |
| Total operating and administrative expenses | $113,472 |
| Contributions, gifts, grants paid | $5,904,998 |
| Total expenses and disbursements | $6,018,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,326,368 |
| 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 | $2,248,613 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,859 |
| Total assets | $20,330,613 |
| 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, Max Stenbeck Charitable Fund has awarded $5,904,998 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: (1) DESCRIPTION: 57,315 SHARES OF KINNEVIK AB SECURITIES (2) BOOK VALUE: $1,613,753 (3) METHOD USED TO DETERMINE BOOK VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE RECEIVED BY THE FOUNDATION. (4) METHOD USED TO DETERMINE FAIR MARKET VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE DONATED. (5) DATE OF THE GIFT: 07/30/2021 (6) PURPOSE: GENERAL OPERATING SUPPORT | $2,516,305 |
New York, NY PURPOSE: GENERAL SUPPORT | $515,464 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $462,800 |
Davidson, NC PURPOSE: GENERAL SUPPORT | $457,754 |
Washington, DC PURPOSE: (1) DESCRIPTION: 14,795 SHARES OF KINNEVIK AB SECURITIES (2) BOOK VALUE: $416,566 (3) METHOD USED TO DETERMINE BOOK VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE RECEIVED BY THE FOUNDATION. (4) METHOD USED TO DETERMINE FAIR MARKET VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE DONATED. (5) DATE OF THE GIFT: 05/14/2021 (6) PURPOSE: GENERAL OPERATING SUPPORT | $425,162 |
El Segundo, CA PURPOSE: (1) DESCRIPTION: 8,300 SHARES OF KINNEVIK AB SECURITIES (2) BOOK VALUE: $233,694 (3) METHOD USED TO DETERMINE BOOK VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE RECEIVED BY THE FOUNDATION. (4) METHOD USED TO DETERMINE FAIR MARKET VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE DONATED. (5) DATE OF THE GIFT: 07/27/2021 (6) PURPOSE: GENERAL OPERATING SUPPORT | $357,929 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |