Conrad N Hilton Foundation
- Assets
- $4.1b
- Revenue
- $963.9m
- Investments
- $3.9b
- Employees
- 0
- Location
- Agoura Hills, CA
- Founding
- 02/1990
- Data as of
- 12/2019
- EIN
- 94-3100217
Organization Overview
Conrad N Hilton Foundation is located in Agoura Hills, CA. The organization was established in 1990. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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, Conrad N Hilton Foundation generated $963.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $173.6m during the year ending 12/2019. While expenses have increased by 6.6% 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 2018, Conrad N Hilton Foundation has awarded 1,942 individual grants totaling $452,449,804. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUALLY, THE FOUNDATION AWARDS ONE OF THE WORLD'S LARGEST HUMANITARIAN PRIZES, THE CONRAD N. HILTON HUMANITARIAN PRIZE. DURING THE CALENDAR YEAR, THE $2,000,000 AWARD WAS PRESENTED TO METADRASI - ACTION FOR MIGRATION AND DEVELOPMENT AT A CEREMONY HELD ON OCTOBER 18, 2019 IN LOS ANGELES, CA. THE HILTON HUMANITARIEAN PRIZE IS MONTHS IN PREPARING - PLANNING THE PROGRAM, SECURING SPEAKERS, AND VETTING POTENTIAL PRIZE RECIPEINTS. THE CULMINATION IS A FULL-DAY EDUCATIONAL EVENT ATTENDED BY MORE THAN 400 STAKEHOLDERS FROM AROUND THE WORLD AND THE PRESENTATION OF THE HILTON PRIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yatin Patel Vp/ Co -Chief Investment Officer | 3 | $1,175,295 | |
Michael Buchman Vp/ Co -Chief Investment Officer | 3 | $1,168,734 | |
Peter A Laugharn President/ceo | 3 | $703,470 | |
Edmund Cain Vp/grant Programs | 3 | $581,050 | |
Jonathon Schroeder Director Of Investme | 37.5 | $555,410 | |
Patrick J Modugno Vp/admin - CFO | 3 | $413,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Bank And Trust | 12/30/19 | $1,381,101 |
Praesidium Investment Mangement Company Llc | 12/30/19 | $430,514 |
337 Frontier Capital Lp | 12/30/19 | $491,895 |
Envicom Corporation | 12/30/19 | $348,117 |
Deloitte Tax Llp | 12/30/19 | $342,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $754,327,457 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,244,516 |
| Net Rental Income | $2,061,009 |
| Net Gain on Sale of Assets | $181,496,953 |
| Capital Gain Net Income | $141,739,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,174,992 |
| Total Revenue | $963,893,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,004,420 |
| Other employee salaries and wages | $11,765,124 |
| Pension plans, employee benefits | $4,803,100 |
| Interest | $0 |
| Taxes | $3,135,892 |
| Depreciation | $3,996,299 |
| Occupancy | $3,219,228 |
| Travel, conferences, and meetings | $2,183,986 |
| Printing and publications | $119,115 |
| Other expenses | $7,847,074 |
| Total operating and administrative expenses | $47,002,712 |
| Contributions, gifts, grants paid | $126,589,863 |
| Total expenses and disbursements | $173,592,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,445,852 |
| 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 | $17,442,801 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,489,306,168 |
| Net Land, buildings, and equipment | $58,475,260 |
| Other assets | $22,038,112 |
| Total assets | $4,101,713,350 |
| Accounts payable and accrued expenses | $9,826,449 |
| Grants payable | $120,181,392 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,010,398 |
| Total liabilities | $131,018,239 |
Grants Awarded
Over the last fiscal year, Conrad N Hilton Foundation has awarded $233,587,724 in support to 1,041 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TOWARD A $39 MILLION PROJECT BUDGET FOR ONGOING SUPPORT OF UNITED WAY'S HOME FOR GOOD INITIATIVE TO END CHRONIC HOMELESSNESS IN LA COUNTY. | $8,660,000 |
MILLENNIUM WATER ALLIANCE PURPOSE: TO LAUNCH A COLLECTIVE IMPACT INITIATIVE FOR ACHIEVING SAFE WATER COVERAGE ACROSS THREE WOREDAS IN ETHIOPIA. | $6,000,000 |
Atlanta, GA PURPOSE: TO CONTRIBUTE TO THE ELIMINATION OF TRACHOMA AS A PUBLIC HEALTH PROBLEM IN MALI AND NIGER. | $5,400,000 |
New York, NY PURPOSE: TO CONTRIBUTE TO THE ELIMINATION OF TRACHOMA AS A PUBLIC HEALTH PROBLEM IN MALI AND NIGER. | $5,175,000 |
Scranton, PA PURPOSE: TO EXPAND THE SISTERS LEADERSHIP DEVELOPMENT INITIATIVE (SLDI) CURRENT WORK IN THE TEN FOCUS COUNTRIES IN AFRICA. | $5,000,000 |
Scranton, PA PURPOSE: TO EXPAND THE HIGHER EDUCATION FOR SISTERS IN AFRICA (HESA) INITIATIVE THROUGH WHICH 858 SISTERS IN 10 COUNTRIES WILL RECEIVE SUPPORT TO ACQUIRE HIGHER EDUCATION CREDENTIALS, BOTH THROUGH ONLINE DISTANCE LEARNING AND ONSITE IN AFRICA, THROUGH 23 PARTNERS. | $4,878,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Conrad N Hilton Foundation has recieved totaling $83,822.
| Awarding Organization | Amount |
|---|---|
The Healey International Relief Foundation Inc Lumberton, NJ PURPOSE: GENERAL FOUNDATION GRANT TO SIERRA LEONE PROGRAM | $83,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The California Endowment Los Angeles, CA | $3,446,801,045 | $280,955,609 |
Conrad N Hilton Foundation Agoura Hills, CA | $4,101,713,350 | $963,893,294 |
Good Ventures Foundation Palo Alto, CA | $3,336,254,185 | $1,237,792,121 |
Sergey Brin Family Foundation San Francisco, CA | $0 | $196,006,742 |
James Irvine Foundation San Francisco, CA | $2,606,961,983 | $106,811,064 |
Columbia Lutheran Charities Astoria, OR | $179,724,242 | $148,283,851 |
Tosa Foundation Portola Valley, CA | $602,851,213 | $74,662,846 |
Scully Memorial Foundation Mill Valley, CA | $0 | $177,202,304 |
Broad Foundation Los Angeles, CA | $1,846,960,427 | $168,915,423 |
Engelstad Fam Foundation Las Vegas, NV | $799,432,969 | $59,109,744 |
S D Bechtel Jr Foundation San Francisco, CA | $67,419,693 | $6,476,129 |
Henry J Kaiser Family Foundation San Francisco, CA | $735,632,115 | $53,799,622 |