1011 Foundation Inc

Organization Overview

1011 Foundation Inc is located in Santa Monica, CA. The organization was established in 2001. 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. 1011 Foundation Inc 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 12/2020, 1011 Foundation Inc generated $40.3m in total revenue. All expenses for the organization totaled $13.1m during the year ending 12/2020. While expenses have increased by 19.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, 1011 Foundation Inc has awarded 165 individual grants totaling $28,712,762. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $9,020
Dividends & Interest $408,437
Net Rental Income$0
Net Gain on Sale of Assets $39,878,827
Capital Gain Net Income $39,878,827
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $65
Total Revenue $40,296,349

Grants Awarded

Over the last fiscal year, 1011 Foundation Inc has awarded $12,743,053 in support to 28 organizations.

Grant RecipientAmount

UNIVERSITY OF MICHIGAN

PURPOSE: TO SUPPORT HIGHER EDUCATION

$2,469,731

Durham, NC

PURPOSE: TO SUPPORT ACADEMIC CURRICULUM AND PROGRAMS

$2,467,231

METROPOLITAN MUSEUM OF ART

Org PageRecipient Profile

New York, NY

PURPOSE: TO SUPPORT MUSEUM ACTIVITIES AND ART EXHIBITIONS

$2,019,625

THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER

PURPOSE: TO SUPPORT CANCER RESEARCH AND TREATMENT

$1,086,942

THE UCLA FOUNDATION

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: TO SUPPORT HEALTH CARE RESEARCH AND UNIVERSITY PROGRAMS

$1,065,895

BROWN UNIVERSITY

PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS

$986,942
View Grant Profile

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