Kenneth Rainin Foundation
- Assets
- $649.6m
- Revenue
- $27.1m
- Investments
- $457.6m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 94-3289283
Organization Overview
Kenneth Rainin Foundation is located in Oakland, CA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kenneth Rainin 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, Kenneth Rainin Foundation generated $27.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $25.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kenneth Rainin Foundation has awarded 799 individual grants totaling $81,143,818. 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 Program Activity:
ANALYZED STRATEGY AND INVESTMENT OF ARTS-FOCUSED RESOURCES TO GRANTEES AND GRANTEE COHORTS AND PROMOTED THEM BY CONDUCTING THE FOLLOWING ACTIVITIES: EVALUATED CAPACITY-BUILDING ACTIVITIES AND OUTCOMES ASSOCIATED WITH IMPACT GRANT PROGRAM GRANTEES; CONDUCTED EVALUATIONS OF THE OPEN SPACES PROGRAM AND NEW ARTIST PATHWAYS PROGRAM; ASSESSED ARTISTS' CURRENT FUNDING LANDSCAPE FOR COVID-19 RELIEF GRANTS; CREATED FIVE VIDEOS HIGHLIGHTING AWARDEES OF THE RAININ FELLOWSHIP; AND CONDUCTED RESEARCH ON GUARANTEED INCOME FOR ARTISTS.
EXPANDED THE EQUITY LEVERS IN THE EDUCATION PORTFOLIO TO INCLUDE AREAS IDENTIFIED BY THE FOUNDATION'S COMMUNITY STRATEGY COUNCIL AS CRITICAL TO LITERACY DEVELOPMENT. THIS INCLUDED THE LAUNCH OF "INNOVATION" GRANTS THAT CENTERED EQUITY IN THE DESIGN OF COMMUNITY-DRIVEN SOLUTIONS TO LITERACY CHALLENGES.
HOSTED AN ANNUAL HEALTH INNOVATIONS SYMPOSIUM VIRUTALLY, BRINGING TOGETHER EARLY CAREER AND SEASONED SCIENTISTS AND EXPERTS FROM AROUND THE WORLD WHO ARE ADVANCING INFLAMMATORY BOWEL DISEASE RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Demont Chief Investment Off | 37 | $503,700 | |
Jennifer Rainin Ceo/director/president | 38 | $472,503 | |
Lauren Webster Cfo/treasurer | 40 | $328,601 | |
Jose Flores Finance Director | 32 | $283,121 | |
Michelle Trott Cpo/secretary | 40 | $240,386 | |
Wenbin Tang Senior Research Anal | 37 | $233,680 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman & Wakefield Usinc | 12/30/21 | $1,449,134 |
Real Concepts | 12/30/21 | $480,998 |
Moss Adams Llp | 12/30/21 | $93,350 |
Morgan Lewis And Bockius Llp | 12/30/21 | $65,585 |
Sei Archway Technology Partners Llc | 12/30/21 | $91,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,058,607 |
| Interest on Savings | $351,077 |
| Dividends & Interest | $1,338,394 |
| Net Rental Income | $3,312,150 |
| Net Gain on Sale of Assets | $19,307,581 |
| Capital Gain Net Income | $27,199,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,711,854 |
| Total Revenue | $27,079,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,321,903 |
| Other employee salaries and wages | $4,015,915 |
| Pension plans, employee benefits | $1,116,878 |
| Interest | $157,416 |
| Taxes | $499,199 |
| Depreciation | $885,332 |
| Occupancy | $1,085,158 |
| Travel, conferences, and meetings | $20,236 |
| Printing and publications | $33,665 |
| Other expenses | $956,595 |
| Total operating and administrative expenses | $11,102,211 |
| Contributions, gifts, grants paid | $14,338,417 |
| Total expenses and disbursements | $25,440,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135 |
| Savings and temporary cash investments | $85,143,424 |
| Net Accounts receivable | $33,501,082 |
| 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 | $4,373,028 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $457,565,005 |
| Net Land, buildings, and equipment | $15,734,674 |
| Other assets | $53,245,488 |
| Total assets | $649,562,836 |
| Accounts payable and accrued expenses | $1,249,498 |
| Grants payable | $310,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,812,588 |
| Total liabilities | $8,372,086 |
Grants Awarded
Over the last fiscal year, Kenneth Rainin Foundation has awarded $21,950,568 in support to 195 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: SFFILM RAININ FILMMAKING GRANTS AND PROGRAMS | $2,400,000 |
OAKLAND UNIFIED SCHOOL DISTRICT PURPOSE: OAKLAND EARLY LITERACY PROJECT | $1,770,000 |
OAKLAND UNIFIED SCHOOL DISTRICT PURPOSE: EARLY LITERACY KINGS OF OAKLAND | $1,388,000 |
Stillwater, MN PURPOSE: TO SUPPORT THE OAKLAND HUB. | $1,101,667 |
COMMUNITY ARTS STABILIZATION PURPOSE: 10X | $1,000,000 |
San Francisco, CA PURPOSE: SFFS/KRF FILMMAKING GRANTS AND PROGRAMS | $900,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kenneth Rainin Foundation has recieved totaling $72,920.
| Awarding Organization | Amount |
|---|---|
The Oakland Public Education Fund Oakland, CA PURPOSE: GENERAL OPERATING SUPPORT | $72,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |