Ocf Joseph E Weston Public Foundation
- Assets
- $550.8m
- Revenue
- $13.8m
- Investments
- $407.7m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 93-1046399
Organization Overview
Ocf Joseph E Weston Public Foundation is located in Portland, OR. The organization was established in 1992. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Ocf Joseph E Weston Public 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, Ocf Joseph E Weston Public Foundation generated $13.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $21.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ocf Joseph E Weston Public Foundation has awarded 2,606 individual grants totaling $80,667,370. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OCF JOSEPH E. WESTON PUBLIC FOUNDATION (THE FOUNDATION) IS A SUPPORTING ORGANIZATION OF THE OREGON COMMUNITY FOUNDATION (OCF). THE FOUNDATION MAKES GRANTS THAT FURTHER THE MISSION OF OCF WHICH IS TO IMPROVE LIFE IN OREGON AND TO PROMOTE EFFECTIVE PHILANTHROPY.
Describe the Organization's Program Activity:
THE WESTON FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS ACROSS OREGON AND SW WASHINGTON. THE WESTON FOUNDATION MAKES GRANTS TO SUPPORT CHILDREN, THE WORKING POOR, PEOPLE WITH DISABILITIES, SENIOR CITIZENS AND THE HOMELESS. THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS AT OREGON PRIVATE ELEMENTARY/MIDDLE/HIGH SCHOOLS AND STUDENTS AT OREGON PRIVATE AND PUBLIC COLLEGES. IN 2021, THE FOUNDATION AWARDED 560 GRANTS; 523 ELEMENTARY/MIDDLE/HIGH SCHOOL STUDENTS RECEIVED SCHOLARSHIPS AND 314 COLLEGE STUDENTS RECEIVED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,750,416 |
| Noncash contributions included in lines 1a–1f | $9,254,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,750,416 |
| Total Program Service Revenue | $0 |
| Investment income | $87,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,091,650 |
| Net Gain/Loss on Asset Sales | -$3,137,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,792,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,255,021 |
| Grants and other assistance to domestic individuals. | $1,048,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,263 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,678 |
| Total functional expenses | $21,126,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,144,572 |
| Savings and temporary cash investments | $5,725,977 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $132,236,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $407,695,483 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $550,802,794 |
| Accounts payable and accrued expenses | $2,814 |
| Grants payable | $2,261,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,263,814 |
| Net assets without donor restrictions | $548,538,980 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $550,802,794 |
Grants Awarded
Over the last fiscal year, Ocf Joseph E Weston Public Foundation has awarded $21,333,221 in support to 504 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: Adult Education | $2,816,826 |
CENTRAL CATHOLIC HIGH SCHOOL PURPOSE: K12 Education | $1,240,395 |
Salem, OR PURPOSE: OST and Mentoring | $560,000 |
Portland, OR PURPOSE: Mental Health and Substance Abuse | $553,000 |
Portland, OR PURPOSE: Human Services | $544,000 |
Portland, OR PURPOSE: K12 Education | $415,000 |
Endowment Analysis
| Beg. Balance | $545,290,391 |
| Earnings | $21,448,516 |
| Admin Expense | $1,303,406 |
| Net Contributions | $9,750,416 |
| Other Expense | $6,343,916 |
| Grants | $20,303,021 |
| Ending Balance | $548,538,980 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kataly Foundation San Francisco, CA | $408,915,933 | $67,773,441 |
The Skoll Fund Mountain View, CA | $894,684,857 | $96,699,445 |
Campus Facilities Improvement Association San Francisco, CA | $426,351,134 | $28,084,367 |
The Fuller Foundation Pasadena, CA | $257,941,250 | $19,125,152 |
Visionfund International Monrovia, CA | $247,513,230 | $28,379,048 |
Ocf Joseph E Weston Public Foundation Portland, OR | $550,802,794 | $13,792,655 |
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Henry M Jackson Endowment Seattle, WA | $0 | $1,040,136 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |