J Paul Getty Trust
- Assets
- $10.8b
- Revenue
- $291.5m
- Investments
- $6.8b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1954
- Data as of
- 06/2020
- EIN
- 95-1790021
Organization Overview
J Paul Getty Trust is located in Los Angeles, CA. The organization was established in 1954. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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.
For the year ending 06/2020, J Paul Getty Trust generated $291.5m 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 (10.5%) each year. All expenses for the organization totaled $352.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J Paul Getty Trust has awarded 3,647 individual grants totaling $104,275,460. 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 J. PAUL GETTY MUSEUM AT THE GETTY CENTER AND THE J. PAUL GETTY MUSEUM AT THE GETTY VILLA - SEE GENERAL EXPLANATION ATTACHMENT
THE GETTY RESEARCH INSTITUTE ("GRI") - SEE GENERAL EXPLANATION ATTACHMENT
THE GETTY CONSERVATION INSTITUTE ("GCI") - SEE GENERAL EXPLANATION ATTACHMENT
THE GETTY FOUNDATION - SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Cuno Trustee, Pres. & CEO | 38 | $1,472,155 | |
James M Williams Vp, Treasurer & Cio | 38 | $1,425,799 | |
Timothy Potts Director, Getty Mus. | 38 | $958,621 | |
Steve Algert Mng. Dir & Asst Treas. | 38 | $757,501 | |
David Hughes Managing Dir, Pub Se | 38 | $733,592 | |
Benjamin Liou Mng Dir Eq & Bonds, Asst Tre | 38 | $726,451 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpmg Llp | 6/29/20 | $514,384 |
Area 17 Media Llc | 6/29/20 | $963,357 |
Samuel Anderson Architects | 6/29/20 | $460,550 |
Dlt Solutions Llc | 6/29/20 | $427,380 |
Ogletree Deakins Nash Smoak & Stewart | 6/29/20 | $362,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,178,430 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,173,667 |
| Net Rental Income | $179,805 |
| Net Gain on Sale of Assets | $181,754,345 |
| Capital Gain Net Income | $287,151,468 |
| Net ST Capital Gain | $18,228,589 |
| Income Modifications | $616,755 |
| Profit on Inventory Sales | $7,884,648 |
| Other Income | $69,228,435 |
| Total Revenue | $291,491,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,380,374 |
| Other employee salaries and wages | $107,020,371 |
| Pension plans, employee benefits | $48,396,571 |
| Interest | $19,577,888 |
| Taxes | $755,012 |
| Depreciation | $47,600,387 |
| Occupancy | $15,902,807 |
| Travel, conferences, and meetings | $6,247,035 |
| Printing and publications | $1,011,179 |
| Other expenses | $57,593,126 |
| Total operating and administrative expenses | $328,580,349 |
| Contributions, gifts, grants paid | $23,468,811 |
| Total expenses and disbursements | $352,049,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,657,780 |
| Savings and temporary cash investments | $193,251,429 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $2,030,547 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $628,027 |
| Prepaid expenses and deferred charges | $7,859,639 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,536,220,308 |
| Net Land, buildings, and equipment | $893,221,028 |
| Other assets | $2,919,042,051 |
| Total assets | $10,778,929,123 |
| Accounts payable and accrued expenses | $424,755,210 |
| Grants payable | $13,168,294 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $571,800,000 |
| Other liabilities | $36,478,892 |
| Total liabilities | $1,046,202,396 |
Grants Awarded
Over the last fiscal year, J Paul Getty Trust has awarded $31,560,314 in support to 746 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TRUST GRANTS: 2006 - PRESENT | $5,000,000 |
Los Angeles, CA PURPOSE: TRUST GRANTS: 2006 - PRESENT | $5,000,000 |
New York, NY PURPOSE: GETTY/ACLS POSTDOCTORAL FELLOWSHIP IN THE HISTORY OF ART | $1,385,000 |
New York, NY PURPOSE: GETTY/ACLS POSTDOCTORAL FELLOWSHIP IN THE HISTORY OF ART | $1,000,000 |
New York, NY PURPOSE: GETTY/ACLS POSTDOCTORAL FELLOWSHIP IN THE HISTORY OF ART | $350,000 |
Claremont, CA PURPOSE: GETTY LEADERSHIP INSTITUTE | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that J Paul Getty Trust has recieved totaling $44,888.
| Awarding Organization | Amount |
|---|---|
The Seaver Endowment Sierra Madre, CA PURPOSE: TO PROMOTE ART AND EDUCATION | $25,000 |
The Ray And Wyn Ritchie Evans Foundation Culver City, CA PURPOSE: GENERAL | $10,000 |
Tawny And Jerry Sanders Charitable Foundation Los Angeles, CA PURPOSE: PROMOTION OF ARTS | $7,888 |
Lawrence And Alice Valenstein Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
R&m Schnabel Foundation Encino, CA PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J Paul Getty Trust Los Angeles, CA | $10,778,929,123 | $291,491,248 |
Humanity United San Francisco, CA | $83,418,587 | $43,059,607 |
Public Policy Institute Of California San Francisco, CA | $303,509,988 | $34,354,768 |
The Michelson Found Animals Foundation Inc Los Angeles, CA | $0 | $15,485,706 |
Oprah Winfrey Leadership Academy Foundation West Hollywood, CA | $16,333,161 | $8,090,795 |
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $1,645,035 | $11,400,000 |
Wadhwani Operating Foundation Los Altos, CA | $269,722,848 | $25,631,964 |
Maurice And Paul Marciano Art Foundation Beverly Hills, CA | $54,432,826 | $6,693,481 |
Siebel Scholars Foundation Redwood City, CA | $183,918 | $5,565,025 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $523,934 | $4,469,768 |
Pacific Research Institute For Public Policy Pasadena, CA | $17,147,946 | $6,107,734 |