Priem Family Foundation
- Assets
- $0.0
- Revenue
- -$4.0m
- Investments
- $159.2m
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 03/2001
- Data as of
- 06/2020
- EIN
- 94-3340371
Organization Overview
Priem Family Foundation is located in Burlingame, CA. The organization was established in 2001. 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. Priem Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Priem Family Foundation has awarded 12 individual grants totaling $13,585,983. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACTIVELY HOLDS AND MAINTAINS LAND FOR NATURE CONSERVATION AND VIEW SHED PURPOSES.
THE FOUNDATION IS INVOLVED IN THE RENOVATION AND CONSTRUCTION OF VARIOUS ELEMENTARY THROUGH HIGHER EDUCATION FACILITIES.
THE FOUNDATION IS INVOLVED IN THE RENOVATION AND CONSTRUCTION OF VARIOUS RELIGIOUS FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred B Weil Assistant Secretary | 10 | $0 | |
Edward Miles Director, Vice President | 10 | $0 | |
Curtis Priem Director, President, CEO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,332,799 |
| Dividends & Interest | $3,730,345 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,870 |
| Total Revenue | -$4,034,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,710 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,510,183 |
| Contributions, gifts, grants paid | $13,679,006 |
| Total expenses and disbursements | $15,189,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,098,287 |
| Investments—mortgage loans | $0 |
| Investments—other | $38,714,809 |
| Other assets | $186,183 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,805,766 |
Grants Awarded
Over the last fiscal year, Priem Family Foundation has awarded $13,585,983 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
RENSSELAER POLYTECHNIC INSTITUTE - FROM DOCTRINA LLC PURPOSE: EDUCATIONAL FACILITY | $10,000,000 |
Troy, NY PURPOSE: EDUCATIONAL FACILITY | $2,528,333 |
Brooklyn, NY PURPOSE: EDUCATIONAL | $350,000 |
RENSSELAER POLYTECHNIC INSTITUTE - TRANSFER OF INTELLECTUAL PROPERTY PURPOSE: EDUCATIONAL FACILITY | $273,650 |
Monterey, CA PURPOSE: EDUCATIONAL | $100,000 |
Livermore, CA PURPOSE: EDUCATIONAL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |