Koret Foundation
- Assets
- $481.0m
- Revenue
- $33.1m
- Investments
- $178.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/1966
- Data as of
- 12/2020
- EIN
- 94-1624987
Organization Overview
Koret Foundation is located in San Francisco, CA. The organization was established in 1966. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown 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 12/2020, Koret Foundation generated $33.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $53.8m during the year ending 12/2020. While expenses have increased by 1.0% per year over the past 3 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 2019, Koret Foundation has awarded 908 individual grants totaling $195,428,425. 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 |
|---|---|---|---|
Jeffrey Farber Chief Executive Officer | 38 | $503,654 | |
Marlena Wong Chief Financial Officer | 38 | $259,616 | |
Danielle Foreman Director Of Programs | 38 | $223,269 | |
Ashley Rodwick Senior Program Offic | 38 | $131,885 | |
Alison Stein Grants Officer | 38 | $115,000 | |
Jamie Wong Operations Manager/c | 38 | $101,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redwood Real Estate Management | 12/30/20 | $711,898 |
Wilson Sonsini Goodrich & Rosati | 12/30/20 | $141,865 |
Jp Morgan Private Bank | 12/30/20 | $225,000 |
West End Strategy Team Llc | 12/30/20 | $96,000 |
Strata Fund Solutions | 12/30/20 | $160,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37,080 |
| Dividends & Interest | $3,160,531 |
| Net Rental Income | $11,811,112 |
| Net Gain on Sale of Assets | $7,760,342 |
| Capital Gain Net Income | $7,760,342 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $33,060,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $904,902 |
| Other employee salaries and wages | $833,213 |
| Pension plans, employee benefits | $339,960 |
| Interest | $3,021,635 |
| Taxes | $919,290 |
| Depreciation | $1,183,029 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $45,536 |
| Printing and publications | $0 |
| Other expenses | $7,463,711 |
| Total operating and administrative expenses | $17,086,731 |
| Contributions, gifts, grants paid | $36,686,934 |
| Total expenses and disbursements | $53,773,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,047,149 |
| Savings and temporary cash investments | $15,170,029 |
| Net Accounts receivable | $91 |
| 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 | $480,214 |
| Net Investments - land, buildings, equipment | $261,420,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,658,064 |
| Net Land, buildings, and equipment | $13,795,939 |
| Other assets | $10,114,858 |
| Total assets | $480,968,397 |
| Accounts payable and accrued expenses | $1,166,005 |
| Grants payable | $92,284,626 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $79,038,331 |
| Other liabilities | $3,871,785 |
| Total liabilities | $176,360,747 |
Grants Awarded
Over the last fiscal year, Koret Foundation has awarded $77,665,093 in support to 412 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: BAY AREA JEWISH YOUTH INITIATIVE | $7,000,000 |
Washington, DC PURPOSE: OUTREACH, EDUCATION, AND ENGAGEMENT PROGRAMS | $2,500,000 |
AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY INC PURPOSE: BINATIONAL COLLABORATIVE INITIATIVE BETWEEN TEL AVIV UNIVERSITY, STANFORD UNIVERSITY, AND UC BERKELEY | $2,120,000 |
Los Angeles, CA PURPOSE: DEVELOPMENT OF A NEW GLOBAL HOLOCAUST EDUCATION PROGRAM FOR GRADES K12 | $2,000,000 |
New York, NY PURPOSE: STRATEGIC EXPANSION OF THE BAY AREA PROGRAM, NATIONAL EXPANSION BASED ON THE BAY AREA MODEL, AND BINATIONAL ORGANIZATIONAL CAPACITY BUILDING (GRANT PAYMENTS TO BEGIN IN 2020) | $2,000,000 |
AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY INC PURPOSE: GLOBAL COLLABORATION ON NEURODEGENERATIVE DISEASE RESEARCH | $1,600,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Koret Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Azeez Foundation Palm Beach Gardens, FL PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Terros Inc Phoenix, AZ | $36,978,227 | $74,385,953 |
Gallo Employee Benefit Trust Modesto, CA | $3,816,045 | $57,763,376 |
Calstart Inc Pasadena, CA | $26,444,520 | $59,004,549 |
Independent Order Of Odd Fellows Saratoga, CA | $253,902,189 | $55,394,798 |
Koret Foundation San Francisco, CA | $480,968,397 | $33,060,922 |
Lake Elsinore Schools Financing Authority Lake Elsinore, CA | $41,193 | $33,828,700 |
Food Bank For Monterey County Salinas, CA | $29,958,926 | $53,481,043 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $35,317,348 | $43,383,311 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,079,672 | $36,080,016 |
Arizona Behavioral Health Corporation Phoenix, AZ | $18,834,586 | $34,244,205 |