Meyer Memorial Trust
- Assets
- $1.0b
- Revenue
- $95.8m
- Investments
- $940.4m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 06/1982
- Data as of
- 03/2022
- EIN
- 93-0806316
Organization Overview
Meyer Memorial Trust is located in Portland, OR. The organization was established in 1982. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Meyer Memorial Trust 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 03/2022, Meyer Memorial Trust generated $95.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $77.0m during the year ending 03/2022. While expenses have increased by 17.7% per year over the past 5 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 2016, Meyer Memorial Trust has awarded 5,276 individual grants totaling $273,255,387. 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 |
|---|---|---|---|
Name Not Listed Trustee | 10 | $62,000 | |
Rukaiyah Adams Chief Invest Officer | 37.5 | $507,515 | |
Kaberi Banerjee Chief Impact Officer | 37.5 | $286,219 | |
Sohel Hussain Dir Invt Operations | 37.5 | $256,289 | |
Phoebe O'leary Org Effect Officer | 37.5 | $238,687 | |
Brenda Hodges CFO | 37.5 | $208,275 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baillie Gifford Overseas Ltd | 3/30/22 | $902,509 |
Spitfire Strategies Llc | 3/30/22 | $208,500 |
Cambridge Associates Llc | 3/30/22 | $349,025 |
Rice Hall James | 3/30/22 | $347,350 |
Hoisington | 3/30/22 | $134,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $978,994 |
| Dividends & Interest | $3,704,304 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,956,230 |
| Capital Gain Net Income | $95,818,386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $587,915 |
| Profit on Inventory Sales | $0 |
| Other Income | $131,765 |
| Total Revenue | $95,771,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $926,908 |
| Other employee salaries and wages | $4,438,645 |
| Pension plans, employee benefits | $2,817,026 |
| Interest | $597,602 |
| Taxes | $1,174,192 |
| Depreciation | $520,331 |
| Occupancy | $170,297 |
| Travel, conferences, and meetings | $134,453 |
| Printing and publications | $5,503 |
| Other expenses | $847,622 |
| Total operating and administrative expenses | $15,814,577 |
| Contributions, gifts, grants paid | $61,187,627 |
| Total expenses and disbursements | $77,002,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,321 |
| Savings and temporary cash investments | $34,674,919 |
| Net Accounts receivable | $135,027 |
| 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 | $684,493 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $405,707,222 |
| Net Land, buildings, and equipment | $19,801,197 |
| Other assets | $10,626,804 |
| Total assets | $1,007,586,458 |
| Accounts payable and accrued expenses | $1,486,702 |
| Grants payable | $28,650,273 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,084,452 |
| Total liabilities | $48,221,427 |
Grants Awarded
Over the last fiscal year, Meyer Memorial Trust has awarded $70,909,071 in support to 1,067 organizations.
| Grant Recipient | Amount |
|---|---|
MCKENZIE RIVER GATHERING FOUNDATION PURPOSE: FOR CAPITAL SUPPORT FOR THE CENTER FOR SOCIAL ENTERPRISE, A RACIAL-JUSTICE CENTERED INCUBATOR, CONVENING SPACE AND RESOURCE HUB FOR 12-15 NONPROFIT AND BIPOC-OWNED SMALL BUSINESSES ON PORTLAND'S HISTORIC MISSISSIPPI AVENUE | $750,000 |
Portland, OR PURPOSE: FOR CAPITAL PROJECT SUPPORT THAT INTEGRATES REIMAGINED STRATEGIC PROGRAMMING AND A REDESIGN OF THE ORGANIZATION'S HISTORIC BUILDING ON PORTLAND'S NORTHEAST ALBERTA AVE. | $750,000 |
Portland, OR PURPOSE: TO SUPPORT PHASE I OF PRE-DEVELOPMENT FOR THE CENTER FOR TRIBAL NATIONS IN PORTLAND | $500,000 |
Warm Springs, OR PURPOSE: TO SUPPORT COMMUNITY AND ENVIRONMENTAL WORKSHOPS FOR MEMBERS OF THE CONFEDERATED TRIBES OF WARM SPRINGS THAT REPRESENT THE CYCLE OF TRIBAL LIFE AND WORK, AND CREATE AN ARCHIVE FOR AMERICAN INDIAN HISTORY | $400,000 |
Portland, OR PURPOSE: FOR AN APPRENTICESHIP PROGRAM IN PORTLAND DEVELOPING YOUNG BLACK PROFESSIONALS IN CONSTRUCTION AND RELATED CAREERS | $316,719 |
Portland, OR PURPOSE: FOR ACQUISITION OF THE PARAMOUNT APARTMENTS, WHICH PRIORITIZE THE COMMUNITY VALUES OF STEWARDSHIP, AFFORDABILITY AND OPPORTUNITY IN THE ALBINA DISTRICT | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Meyer Memorial Trust has recieved totaling $16,575.
| Awarding Organization | Amount |
|---|---|
Washington Progress Fund Seattle, WA PURPOSE: Leadership development | $16,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William & Flora Hewlett Foundation Menlo Park, CA | $14,861,048,592 | $1,115,887,438 |
Casey Family Programs Seattle, WA | $0 | $22,181,103 |
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
Thrive Causemetics Foundation Bellevue, WA | $5,555,942 | $8,797,196 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |