Charles And Helen Schwab Foundation
- Assets
- $447.7m
- Revenue
- $11.2m
- Investments
- $445.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2001
- Data as of
- 12/2019
- EIN
- 94-3374170
Organization Overview
Charles And Helen Schwab Foundation is located in San Francisco, CA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education 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, Charles And Helen Schwab Foundation generated $11.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $24.6m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Charles And Helen Schwab Foundation has awarded 322 individual grants totaling $162,622,944. 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
SEE ATTACHMENT A
SEE ATTACHMENT B
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Kimball Executive Director | 40 | $330,387 | |
Katie Schwab Paige Grants Chair | 1 | $0 | |
Nancy Bechtle Director & Secretary | 1 | $0 | |
Catherine Molnar Treasurer | 2 | $0 | |
Charles R Schwab Chairman | 1 | $0 | |
Helen O Schwab President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C Alexander Group Llc | 12/30/14 | $69,810 |
Metis Partner Solutions Llc | 12/30/14 | $73,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,136 |
| Dividends & Interest | $6,639,406 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,518,392 |
| Capital Gain Net Income | $4,518,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $981 |
| Total Revenue | $11,212,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $330,712 |
| Other employee salaries and wages | $171,196 |
| Pension plans, employee benefits | $89,536 |
| Interest | $0 |
| Taxes | $807,766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,332 |
| Printing and publications | $1,180 |
| Other expenses | $61,772 |
| Total operating and administrative expenses | $1,697,762 |
| Contributions, gifts, grants paid | $22,950,031 |
| Total expenses and disbursements | $24,647,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,331,325 |
| 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 | $6,270 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $108,598 |
| Total assets | $447,745,348 |
| Accounts payable and accrued expenses | $426,080 |
| Grants payable | $8,825,199 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,280,032 |
| Total liabilities | $15,531,311 |
Grants Awarded
Over the last fiscal year, Charles And Helen Schwab Foundation has awarded $46,518,180 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: HUMAN SERVICES | $11,650,000 |
NANTUCKET COTTAGE HOSPITAL PURPOSE: HUMAN SERVICES | $2,017,511 |
NANTUCKET COTTAGE HOSPITAL PURPOSE: HUMAN SERVICES | $1,982,489 |
New York, NY PURPOSE: HUMAN SERVICES | $1,775,000 |
CHARTER SCHOOL GROWTH FUND PURPOSE: K-12 EDUCATION REFORM | $1,600,000 |
Los Angeles, CA PURPOSE: K-12 EDUCATION REFORM | $1,363,424 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charles And Helen Schwab Foundation has recieved totaling $190,000.
| Awarding Organization | Amount |
|---|---|
The Oakland Public Education Fund Oakland, CA PURPOSE: FUND THE OAKLAND REACH | $190,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Scholarship Fund Gardena, CA | $141,362,053 | $86,613,000 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $5,138,444 | $37,232,277 |
Mcconnell Foundation Redding, CA | $356,797,559 | $34,335,188 |
Business For Social Responsibility San Francisco, CA | $18,373,333 | $30,858,266 |
College Track Oakland, CA | $58,821,566 | $30,456,091 |
Making Waves Foundation Inc Richmond, CA | $246,870,428 | $34,390,390 |
Charles And Helen Schwab Foundation San Francisco, CA | $447,745,348 | $11,212,915 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $26,803,865 | $22,913,031 |
Catholic Education Arizona Phoenix, AZ | $25,897,142 | $21,523,181 |
Arizona Tuition Connection Inc Scottsdale, AZ | $27,939,156 | $24,927,577 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |