Knight Foundation
- Assets
- $2.3b
- Revenue
- $887.1m
- Investments
- $2.3b
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 05/1997
- Data as of
- 12/2019
- EIN
- 91-1791788
Organization Overview
Knight Foundation is located in Beaverton, OR. The organization was established in 1997. 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.
For the year ending 12/2019, Knight Foundation generated $887.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.9% each year . All expenses for the organization totaled $87.2m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip H Knight Pres/treas/director | 1 | $0 | |
Penelope P Knight Director/vp | 1 | $0 | |
Lisa Mckillips Asst Sec/asst Treas | 1 | $0 | |
Travis A Knight Vp/sec/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,058,651 |
| Interest on Savings | $333,205 |
| Dividends & Interest | $2,319,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $813,791,593 |
| Capital Gain Net Income | $813,707,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64,639,928 |
| Total Revenue | $887,142,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,012,744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,050,606 |
| Total operating and administrative expenses | $27,141,904 |
| Contributions, gifts, grants paid | $60,094,450 |
| Total expenses and disbursements | $87,236,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,607,543 |
| 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 | $2,268,944,671 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,272,552,214 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David And Lucile Packard Foundation Los Altos, CA | $7,969,450,311 | $583,512,886 |
Gordon E And Betty I Moore Foundation Palo Alto, CA | $7,171,712,288 | $420,429,327 |
Friday Foundation Medina, WA | $81,849,923 | $20,603,928 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA | $5,513,014,582 | $130,867,530 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $216,107,505 | $79,449,712 |
The Heising-Simons Foundation Los Altos, CA | $592,364,420 | $130,276,952 |
The Energy Foundation San Francisco, CA | $101,883,000 | $125,609,558 |
Gerson Bakar Foundation San Francisco, CA | $820,628,561 | $470,431,818 |
Helen And Sanford Diller Family Foundation San Mateo, CA | $0 | $103,100,333 |
Koum Family Foundation Menlo Park, CA | $1,835,620,491 | $59,731,479 |
Knight Foundation Beaverton, OR | $2,272,552,214 | $887,142,889 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $585,768,391 | $128,642,441 |