Tosa Foundation
- Assets
- $602.9m
- Revenue
- $74.7m
- Investments
- $544.8m
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- 12/1992
- Data as of
- 12/2017
- EIN
- 94-3165171
Organization Overview
Tosa Foundation is located in Portola Valley, CA. The organization was established in 1992. 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 12/2017, Tosa Foundation generated $74.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $95.0m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOSA ESTABLISHED THE WISCONSIN TECHNOLOGY INITIATIVE (WTI) IN DECEMBER 2010 TO HELP MAKE 21ST CENTURY INSTRUCTIONAL TECHNOLOGY MORE ACCESSIBLE TO FORWARD-THINKING SCHOOL DISTRICTS. WTI PROVIDES GRANTS TO K-12 SCHOOLS AND OTHER EDUCATIONAL FACILITIES WHO ARE COMMITTED TO EFFECTIVELY INTEGRATING INSTRUCTIONAL TECHNOLOGY INTO LEARNING ENVIRONMENTS. THROUGH THE INCREASED AVAILABILITY OF INTERACTIVE WHITEBOARDS AND TECHNOLOGICALLY SAVVY TEACHERS, CLASSROOMS WILL HAVE THE TOOLS NECESSARY TO BECOME ENGINES OF INNOVATION THAT IMPROVE STUDENT ENGAGEMENT AND ACADEMIC ACHIEVEMENT. THE GRANTS PROVIDE FUNDING FOR SCHOOL DISTRICTS WILLING TO COMMIT TO BOTH INTEGRATING INTERACTIVE WHITEBOARDS INTO THEIR CLASSROOMS AND THE PROFESSIONAL DEVELOPMENT NECESSARY TO SUCCESSFULLY IMPLEMENT THEIR USE. GRANT RECIPIENTS WILL BE EXPECTED TO PROVIDE AN ANNUAL REPORT AND SHARE BEST PRACTICES WITH THEIR PEERS ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate M Greswold Director/sec | 20 | $25,000 | |
John P Morgridge Director/cfo | 40 | $0 | |
Tashia F Morgridge Director/pres | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mike Kerr | 12/30/17 | $150,000 |
Frank Rimerman & Co Llp | 12/30/17 | $139,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,117 |
| Interest on Savings | $2,451,032 |
| Dividends & Interest | $8,108,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,433,978 |
| Capital Gain Net Income | $85,391,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,646,836 |
| Total Revenue | $74,662,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,748,664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $53,112 |
| Printing and publications | $0 |
| Other expenses | $331,628 |
| Total operating and administrative expenses | $2,323,320 |
| Contributions, gifts, grants paid | $92,635,642 |
| Total expenses and disbursements | $94,958,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,012,728 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $510,948,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,041,305 |
| Total assets | $602,851,213 |
| Accounts payable and accrued expenses | $3,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,143,000 |
| Total liabilities | $7,146,500 |
Grants Awarded
Over the last fiscal year, Tosa Foundation has awarded $92,635,642 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED FOR NAMES AND AMOUNTS PAID - ADDRESSES AVAILABLE UPON REQUEST PURPOSE: SEE STATEMENT ATTACHED | $82,578,689 |
FIDELITY CHARITABLE GIFT FUND - TAUPO PURPOSE: SEE STATEMENT 17 | $5,040,132 |
THE MORGRIDGE FAMILY FOUNDATION CO FOUNDATION SOURCE PURPOSE: SEE STATEMENT 15 | $4,000,000 |
THE NATURE CONSERVANCY (TNC) - GRANT OF 10000 SHS CISCO PURPOSE: CONSERVATION | $301,150 |
CARE ORGANIZATION - GRANT OF 10000 SHS CISCO PURPOSE: US AID | $301,150 |
CARE ORGANIZATION - GRANT OF 7500 SHS CISCO PURPOSE: US AID | $255,225 |
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 |