Leonard & Beryl Buck Foundation
- Assets
- $913.3m
- Revenue
- $56.1m
- Investments
- $534.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 02/1980
- Data as of
- 06/2020
- EIN
- 94-6485668
Organization Overview
Leonard & Beryl Buck Foundation is located in San Francisco, CA. The organization was established in 1980. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 06/2020, Leonard & Beryl Buck Foundation generated $56.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $48.7m during the year ending 06/2020. While expenses have increased by 4.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leonard & Beryl Buck Foundation has awarded 840 individual grants totaling $190,486,430. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
GRANT MAKING TO NON-PROFIT CHARITABLE, RELIGIOUS OR EDUCATIONAL ORGS. IN MARIN COUNTY, CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELLS FARGO BANK ("WFB"), AS INVESTMENT TRUSTEE, ADMINISTERS THE TRUST AND MANAGES THE TRUST'S INVESTMENTS. MARIN COMMUNITY FOUNDATION ("MCF"), AS DISBURSEMENT TRUSTEE, DISBURSES TRUST FUNDS TO CHARITABLE RECIPIENTS. DURING FISCAL YEAR 2020, NEW GRANTS AWARDED FROM THE BUCK TRUST IN SUPPORT OF MCF'S STRATEGIC PLAN TOTALED OVER $36 MILLION. GRANTS WERE MADE THROUGHOUT MARIN COUNTY TO SUPPORT FOUR STRATEGIC INITIATIVES AS WELL AS NINE COMMUNITY GRANTS AREAS. THE STRATEGIC INITIATIVES ARE: CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, DEVELOPING AFFORDABLE HOUSING, INCREASING THE ECONOMIC SECURITY AND UPWARD MOBILITY OF POOR AND LOW-INCOME INDIVIDUALS AND FAMILIES, AND ACTING AS A CATALYST FOR CHANGE IN EFFORTS TO REDUCE THE ENVIRONMENTAL IMPACTS OF CLIMATE CHANGE. (CONTINUED ON SCHEDULE O)ISSUE AREAS BEING SUPPORTED UNDER THE COMMUNITY GRANTS AREAS ARE IMMIGRANT INTEGRATION, SERVICES FOR OLDER ADULTS, COMMUNITY HEALTH, LEGAL SERVICES, ARTS EDUCATION AND COMMUNITY ARTS, SOCIAL JUSTICE, AND ACCESS TO PARKS AND OPEN SPACE.
WELLS FARGO BANK ("WFB"), AS INVESTMENT TRUSTEE, ADMINISTERS THE TRUST AND MANAGES THE TRUST'S INVESTMENTS. MARIN COMMUNITY FOUNDATION ("MCF"), AS DISBURSEMENT TRUSTEE, DISBURSES TRUST FUNDS TO CHARITABLE RECIPIENTS. DURING FISCAL YEAR 2020, NEW GRANTS AWARDED FROM THE BUCK TRUST IN SUPPORT OF MCF'S STRATEGIC PLAN TOTALED OVER $36 MILLION. GRANTS WERE MADE THROUGHOUT MARIN COUNTY TO SUPPORT FOUR STRATEGIC INITIATIVES AS WELL AS NINE COMMUNITY GRANTS AREAS. THE STRATEGIC INITIATIVES ARE: CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, DEVELOPING AFFORDABLE HOUSING, INCREASING THE ECONOMIC SECURITY AND UPWARD MOBILITY OF POOR AND LOW-INCOME INDIVIDUALS AND FAMILIES, AND ACTING AS A CATALYST FOR CHANGE IN EFFORTS TO REDUCE THE ENVIRONMENTAL IMPACTS OF CLIMATE CHANGE. (CONTINUED ON SCHEDULE O)ISSUE AREAS BEING SUPPORTED UNDER THE COMMUNITY GRANTS AREAS ARE IMMIGRANT INTEGRATION, SERVICES FOR OLDER ADULTS, COMMUNITY HEALTH, LEGAL SERVICES, ARTS EDUCATION AND COMMUNITY ARTS, SOCIAL JUSTICE, AND ACCESS TO PARKS AND OPEN SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Distribution Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Verus Advisory Consulting | 6/29/20 | $325,000 |
Armanino Llp Accounting | 6/29/20 | $199,358 |
Vulcan Value Partners Llc Investment Management | 6/29/20 | $197,387 |
Pgim Real Estate Us Debt Fund Investment Management | 6/29/20 | $140,902 |
Farella Braun & Martel Llp Legal Services | 6/29/20 | $102,959 |
Verus Advisory Consulting | 6/29/20 | $325,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $23,508,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,579,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,088,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,460,517 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,774 |
| Fees for services: Accounting | $169,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,890,172 |
| Fees for services: Other | $10,031,885 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,717,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,812,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,669,379 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,922,172 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $308,020,443 |
| Investments—other securities | $534,923,027 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $913,347,774 |
| Accounts payable and accrued expenses | $1,754,450 |
| Grants payable | $20,075,816 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,830,266 |
| Net assets without donor restrictions | $891,517,508 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $913,347,774 |
Grants Awarded
Over the last fiscal year, Leonard & Beryl Buck Foundation has awarded $61,093,074 in support to 260 organizations.
| Grant Recipient | Amount |
|---|---|
Novato, CA PURPOSE: SUPPORT HARDSHIP DUE TO COVID-19 | $4,284,242 |
Novato, CA PURPOSE: SUPPORT HARDSHIP DUE TO COVID-19 | $4,284,242 |
San Francisco, CA PURPOSE: SUPPORT RENOVATIONS AT ITS MARIN LOCATION | $2,401,320 |
San Francisco, CA PURPOSE: SUPPORT RENOVATIONS AT ITS MARIN LOCATION | $2,401,320 |
San Rafael, CA PURPOSE: SUPPORT COLLEGE ACCESS AND SUCCESS PROGRAMS | $1,933,334 |
San Rafael, CA PURPOSE: SUPPORT COLLEGE ACCESS AND SUCCESS PROGRAMS | $1,933,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sandler Foundation San Francisco, CA | $833,555,725 | $253,171,244 |
Liliuokalani Trust Honolulu, HI | $666,705,396 | $349,460,871 |
Leonard & Beryl Buck Foundation San Francisco, CA | $913,347,774 | $56,088,299 |
Anne Wojcicki Foundation Los Altos, CA | $546,060,946 | $271,777 |
Hollywood Foreign Press Association West Hollywood, CA | $62,716,595 | $32,155,768 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,410,991 | $9,612,467 |
The Helen Diller Family Foundation San Francisco, CA | $4,990,605 | $9,443,739 |
Tw Ld Mceachearn Las Vegas, NV | $127,961,458 | $12,223,226 |
Rea Charitable Trust Las Vegas, NV | $100,484,277 | $5,186,660 |
Stephen M Silberstein Foundation Belvedere, CA | $87,266,434 | $5,234,174 |
Nobbs Family Foundation San Diego, CA | $58,597,164 | $23,745,123 |
Hitz Foundation Palo Alto, CA | $62,204,682 | $6,369,649 |