Wollenberg Foundation
- Assets
- $33.7m
- Revenue
- $1.6m
- Investments
- $32.3m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 94-6072264
Organization Overview
Wollenberg Foundation is located in Menlo Park, CA. The organization was established in 1954. 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. Wollenberg 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 12/2022, Wollenberg Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wollenberg Foundation has awarded 682 individual grants totaling $19,551,080. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Wollenberg Trustee | 5 | $0 | |
Christopher Wollenberg Trustee | 1 | $0 | |
Richard H Wollenberg Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,482 |
| Dividends & Interest | $1,103,480 |
| Net Rental Income | $17 |
| Net Gain on Sale of Assets | $435,037 |
| Capital Gain Net Income | $435,037 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,979 |
| Total Revenue | $1,573,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104,873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,988 |
| Total operating and administrative expenses | $366,277 |
| Contributions, gifts, grants paid | $2,166,000 |
| Total expenses and disbursements | $2,532,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,209 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $95,928 |
| 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 | $17,883,178 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,670,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $226,821 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $226,821 |
Grants Awarded
Over the last fiscal year, Wollenberg Foundation has awarded $2,166,000 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ACCA INC ANNANDALE CHRISTIAN COMMUNITY FOR ACTION PURPOSE: UNRESTRICTED | $2,500 |
BATES COLLEGE PURPOSE: UNRESTRICTED | $10,000 |
ADOPTIONS TOGETHER PURPOSE: UNRESTRICTED | $5,000 |
BRING ME A BOOK FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
CAPITAL CARING PURPOSE: UNRESTRICTED | $5,000 |
BETA OMICRON CHAPTER OF GPB PURPOSE: UNRESTRICTED | $2,000 |