Philanthropic Ventures Foundation
- Assets
- $36.4m
- Revenue
- $20.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Oakland, CA
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 94-3136771
Organization Overview
Philanthropic Ventures Foundation is located in Oakland, CA. The organization was established in 1991. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Philanthropic Ventures Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropic Ventures 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, Philanthropic Ventures Foundation generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $17.5m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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 2014, Philanthropic Ventures Foundation has awarded 1,104 individual grants totaling $34,445,337. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE CREATIVE DONORS AND COMMUNITY PARTNERS IN GRASSROOTS PHILANTHROPY VIA RADICAL COLLABORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC VENTURES FOUNDATION (PVF) BRINGS A UNIQUE PERSPECTIVE TO PHILANTHROPY AND THE WAY IT IS CARRIED OUT TO MAXIMIZE IMPACT. WE PROVIDE A VALUABLE AND OTHERWISE UNHEARD VOICE TO THE PHILANTHROPIC SECTOR. WE HAVE BUILT UP LONG TERM RELATIONSHIPS WITH DONORS, HELPED SHAPE THEIR CHARITABLE GIVING, AND ARE REGARDED AS TRUSTED PHILANTHROPIC ADVISORS TO MANY. OUR APPROACH AND VISION FOR PHILANTHROPY HAS BEEN BROADCAST THOROUGHLY AND EMBRACED THROUGH OUR RECENT BOOK, GRASSROOTS PHILANTHROPY, PUBLIC SPEAKING ENGAGEMENTS AND TEACHING.PVF STAFF IS IN CONSTANT COMMUNICATION WITH ITS GRANTEES TO ACT AS ANADVOCATE IN HELPING THEM SUCCEED IN THEIR WORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Hawk COO | Officer | 40 | $149,703 |
Bill Somerville President/founder | OfficerTrustee | 24 | $125,000 |
Moira C Walsh Chairman | OfficerTrustee | 4 | $0 |
James Higa Treasurer/executive Direct | OfficerTrustee | 32 | $0 |
Alicia Aguirre Director | Trustee | 2 | $0 |
Duncan Beardsley Director | Trustee | 2 | $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 | $18,598,101 |
| Noncash contributions included in lines 1a–1f | $1,347,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,598,101 |
| Total Program Service Revenue | $0 |
| Investment income | $353,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,217,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,169,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,686,972 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,881,891 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $307,014 |
| Compensation of current officers, directors, key employees. | $28,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,963 |
| Pension plan accruals and contributions | $10,335 |
| Other employee benefits | $7,200 |
| Payroll taxes | $36,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,366 |
| Fees for services: Accounting | $75,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,785 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,930 |
| Office expenses | $30,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,862 |
| Travel | $7,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,276 |
| All other expenses | $0 |
| Total functional expenses | $17,471,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,442,717 |
| Savings and temporary cash investments | $8,304,958 |
| Pledges and grants receivable | $375,203 |
| 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 | $5,935 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,286,166 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,414,979 |
| Accounts payable and accrued expenses | $45,018 |
| Grants payable | $953,635 |
| 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 | $998,653 |
| Net assets without donor restrictions | $28,002,833 |
| Net assets with donor restrictions | $7,413,493 |
| 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 | $36,414,979 |
Grants Awarded
Over the last fiscal year, Philanthropic Ventures Foundation has awarded $7,391,569 in support to 236 organizations.
| Grant Recipient | Amount |
|---|---|
East Palo Alto, CA PURPOSE: PLACEKEEPING FOR THE PLACEKEEPERS | $520,000 |
San Jose, CA PURPOSE: TO SUPPORT SJ ASPIRES | $500,000 |
UNITED HOPE BUILDERS INC PURPOSE: GENERAL SUPPORT | $460,000 |
Palo Alto, CA PURPOSE: FOR BETTER TOGETHER | $290,000 |
SYMBIUM PURPOSE: BUILD AND BUILD+ | $240,000 |
Walnut Creek, CA PURPOSE: TO SUPPORT AN OPEN SOURCE PUBLIC GOOD PROJECT | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 59 grants that Philanthropic Ventures Foundation has recieved totaling $3,863,309.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $761,490 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $420,982 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $313,125 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: PUBLIC AWARENESS AND ANALYSIS | $253,560 |
Koshland Foundation Menlo Park, CA PURPOSE: SUPPORT FOR ABDO COLLABORATION WITH MAKER EDUCATION INITIATIVE | $250,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $250,000 |
Endowment Analysis
| Beg. Balance | $6,652,845 |
| Earnings | $812,316 |
| Grants | $51,668 |
| Ending Balance | $7,413,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |