J Paul Getty Trust
- Assets
- $12.5b
- Revenue
- $929.7m
- Investments
- $8.5b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1954
- Data as of
- 06/2022
- 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. J Paul Getty Trust 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 06/2022, J Paul Getty Trust generated $929.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $344.4m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 6 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, J Paul Getty Trust has awarded 5,041 individual grants totaling $162,144,522. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE J. PAUL GETTY MUSEUM - SEE GENERAL EXPLANATION ATTACHMENT
THE GETTY RESEARCH INSTITUTE - SEE GENERAL EXPLANATION ATTACHMENT
THE GETTY CONSERVATION INSTITUTE - SEE GENERAL EXPLANATION ATTACHMENT
THE GETTY FOUNDATION - SEE GENERAL EXPLANATION ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Schmidt Campbell Trustee | 3 | $0 | |
Megan B Chernin Trustee | 3 | $0 | |
Bruce W Dunlevie Trustee | 3 | $0 | |
Drew G Faust Trustee | 3 | $0 | |
Pamela J Joyner Trustee | 3 | $0 | |
David L Lee Chair, Board Of Trustees | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hawke Media | 6/29/22 | $1,017,875 |
Wilson Sonsini Goodrich & Rosati | 6/29/22 | $1,497,970 |
Dlt Solutions Llc | 6/29/22 | $855,596 |
Area 17 Media Llc | 6/29/22 | $831,934 |
Milner Butcher Media Group Llc | 6/29/22 | $709,309 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,322,919 |
| Interest on Savings | $308,638 |
| Dividends & Interest | $24,663,577 |
| Net Rental Income | $306,533 |
| Net Gain on Sale of Assets | $742,552,181 |
| Capital Gain Net Income | $658,433,629 |
| Net ST Capital Gain | $112,417,784 |
| Income Modifications | $361,051 |
| Profit on Inventory Sales | $9,915,572 |
| Other Income | $141,481,407 |
| Total Revenue | $929,678,117 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,685,949 |
| Other employee salaries and wages | $109,813,736 |
| Pension plans, employee benefits | $42,752,836 |
| Interest | $5,268,159 |
| Taxes | $658,891 |
| Depreciation | $44,119,480 |
| Occupancy | $18,395,099 |
| Travel, conferences, and meetings | $6,988,776 |
| Printing and publications | $1,399,022 |
| Other expenses | $72,358,185 |
| Total operating and administrative expenses | $329,092,597 |
| Contributions, gifts, grants paid | $15,302,968 |
| Total expenses and disbursements | $344,395,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,875,295 |
| Savings and temporary cash investments | $152,949,097 |
| 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 | $451,919 |
| Prepaid expenses and deferred charges | $10,016,812 |
| Net Investments - land, buildings, equipment | $12,130,234 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,860,904,121 |
| Net Land, buildings, and equipment | $866,672,655 |
| Other assets | $3,033,011,136 |
| Total assets | $12,542,871,508 |
| Accounts payable and accrued expenses | $172,526,114 |
| Grants payable | $9,585,718 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $592,350,000 |
| Other liabilities | $39,686,551 |
| Total liabilities | $814,148,383 |
Grants Awarded
Over the last fiscal year, J Paul Getty Trust has awarded $27,932,984 in support to 707 organizations.
| Grant Recipient | Amount |
|---|---|
18TH STREET ARTS COMPLEX PURPOSE: GETTY MARROW UNDERGRADUATE INTERNS AT LOS ANGELES COUNTY ORGANIZATIONS | $13,800 |
AAMC FOUNDATION PURPOSE: CONNECTING PROFESSIONALS/SHARING EXPERTISE | $100,000 |
ACADEMY FOUNDATION PURPOSE: GETTY MARROW UNDERGRADUATE INTERNS AT LOS ANGELES COUNTY ORGANIZATIONS | $20,700 |
ACADEMY FOUNDATION PURPOSE: EMERGING PROFESSIONALS | $168,000 |
ACTIVE CULTURES PURPOSE: GETTY MARROW UNDERGRADUATE INTERNS AT LOS ANGELES COUNTY ORGANIZATIONS | $6,900 |
AMERICAN ACADEMY IN ROME PURPOSE: CONNECTING ART HISTORIES | $370,000 |