Santa Barbara Foundation

Organization Overview

Santa Barbara Foundation is located in Santa Barbara, CA. The organization was established in 1938. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Santa Barbara Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Barbara 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 12/2021, Santa Barbara Foundation generated $53.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $43.6m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 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 2014, Santa Barbara Foundation has awarded 4,271 individual grants totaling $200,062,724. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE SANTA BARBARA FOUNDATION (SBF) IS TO MOBILIZE COLLECTIVE WISDOM AND PHILANTHROPIC CAPITAL TO BUILD EMPATHETIC, INCLUSIVE AND RESILIENT COMMUNITIES.SBF IS A COMMUNITY FOUNDATION ESTABLISHED IN 1928 TO ENRICH THE LIVES OF THE PEOPLE OF SANTA BARBARA COUNTY THROUGH PHILANTHROPY. AS ONE OF THE LARGEST PRIVATE SOURCES OF FUNDING FOR AREA NONPROFITS, AGENCIES AND COLLEGE BOUND STUDENTS, SBF BUILDS AND FACILITATES PHILANTHROPY THROUGH DONOR PARTNERSHIPS; INVESTS IN NONPROFITS; AND IDENTIFIES AND STRATEGICALLY ADDRESSES IMPORTANT COMMUNITY NEEDS.

Describe the Organization's Program Activity:

SBF SERVES THE ENTIRE COUNTY OF SANTA BARBARA, FUNDING A WIDE RANGE OF INITIATIVES, PROJECTS AND ORGANIZATIONS. IN 2021, SBF AWARDED OVER 2,000 GRANTS TO NONPROFIT ORGANIZATIONS. GRANTS ARE MADE THROUGH SBF FROM VARIOUS TYPES OF FUNDS, INCLUDING: DONOR ADVISED FUNDS, DONOR DESIGNATED FUNDS AND FIELD OF INTEREST FUNDS. DISCRETIONARY GRANTS, TOTALING OVER $5 MILLION IN 2021, ARE SUPPORTED BY SBF'S UNRESTRICTED ENDOWMENT INCOME AND ARE AWARDED WITH THE APPROVAL OF THE BOARD OF TRUSTEES BASED ON RECOMMENDATIONS OF SBF STAFF FOLLOWING A RIGOROUS PROCESS OF RESEARCH, DUE DILIGENCE, PLANNING AND EVALUATION.


SBF PROVIDED FUNDING OF OVER $1 MILLION IN 2021 TO LOCAL NONPROFIT ORGANIZATIONS PROVIDING SERVICES IN THE AREAS OF BEHAVIORAL HEALTH, HEALTH CARE, FOOD, AND SHELTER & SAFETY THOROUGH ITS COMMUNITY GRANTS PROGRAMS.


SBF SERVED AS FISCAL SPONSOR FOR THE FOOTHILLS FOREVER FUND FOR THE PRESERVATION OF THE SAN MARCOS FOOTHILLS OPEN SPACE. THIS ARRANGEMENT ALLOWED THE CAMPAIGN ORGANIZERS TO FOCUS ON FUNDRAISING WHILE SBF HANDLED THE ADMINISTRATIVE ASPECTS OF RECEIVING AND PROCESSING DONATIONS OF OVER $11 MILLION THAT WAS THEN GRANTED TO CHANNEL ISLANDS RESTORATION TO HELP PROTECT AND STEWARD THE LAND IN PERPETUITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Meketa Investment Group Inc
Financial Management Services
$313,725
Law Office Of Marc Chytilo Apc
Legal Services - San Marcos Foothills
$141,357
Centered Networks Inc
Hosted Infastructure Environment
$139,407
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$100,000
Government grants $1,106,797
All other contributions, gifts, grants, and similar amounts not included above$40,070,937
Noncash contributions included in lines 1a–1f $13,677,754
Total Revenue from Contributions, Gifts, Grants & Similar$41,277,734
Total Program Service Revenue$595,405
Investment income $4,204,721
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$221,705
Net Gain/Loss on Asset Sales $7,702,895
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $53,590,434

Grants Awarded

Over the last fiscal year, Santa Barbara Foundation has awarded $34,988,072 in support to 420 organizations.

Grant RecipientAmount

CHANNEL ISLANDS RESTORATION

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION

$11,433,099

SANTA BARBARA CENTER FOR THE PERFORMING ARTS INC

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: ARTS, CULTURE, AND HUMANITIES

$2,098,000

SCHOLARSHIP FOUNDATION OF SANTA BARBARA

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: EDUCATIONAL INSTITUTIONS

$1,160,600

THE PROJECT FOR RESILIENT COMMUNITIES

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION

$802,404

SANTA BARBARA MUSEUM OF NATURAL HISTORY

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: ARTS, CULTURE, AND HUMANITIES

$684,867

MUSIC ACADEMY OF THE WEST

Org PageRecipient Profile

Santa Barbara, CA

PURPOSE: ARTS, CULTURE, AND HUMANITIES

$451,082
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Santa Barbara Foundation has recieved totaling $5,000.

Awarding OrganizationAmount
Integral Charitable Foundation

Louisville, CO

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$65,030,195
Earnings$8,642,504
Admin Expense$735,600
Net Contributions$1,200
Grants$2,378,331
Ending Balance$70,559,968

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