The San Diego Foundation
- Assets
- $1.1b
- Revenue
- $147.3m
- Investments
- $187.3m
- Employees
- 60
- Location
- San Diego, CA
- Founding
- 08/1975
- Data as of
- 06/2020
- EIN
- 95-2942582
The San Diego Foundation Overview
The San Diego Foundation is located in San Diego, CA. The organization was established in 1975. 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 06/2020, San Diego Foundation employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, San Diego Foundation generated $147.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $95.1m during the year ending 06/2020. While expenses have increased by 9.3% 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, San Diego Foundation has awarded 4,602 individual grants totaling $319,366,648. 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
THE SAN DIEGO FOUNDATION IMPROVES THE QUALITY OF LIFE WITHIN ALL OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.SINCE 1975, THE SAN DIEGO FOUNDATION HAS PROVIDED A PERMANENT AND GROWING SOURCE OF FUNDING TO NONPROFITS SERVING THE SAN DIEGO REGION. THANKS TO THE GENEROSITY OF DONORS, THE FOUNDATION GRANTS MILLIONS OF DOLLARS ANNUALLY TO NONPROFIT ORGANIZATIONS ADDRESSING THE CHALLENGES AND NEEDS IN THE SAN DIEGO REGION BY USING THE HIGHEST LEVEL OF PHILANTHROPIC AND INVESTMENT EXPERTISE TO PROVIDE MAXIMUM IMPACT.THE SAN DIEGO FOUNDATION MAXIMIZES THE IMPACT OF CHARITABLE GIVING TO ENACT POSITIVE SOCIAL CHANGE IN OUR REGION. WE MOBILIZE RESOURCES TO ADVANCE QUALITY OF LIFE, INCREASE SOCIAL IMPACT AND CHAMPION CIVIC ENGAGEMENT THOUGH EFFECTIVE, RESPONSIBLE, AND INNOVATIVE PHILANTHROPY. OUR 45-YEAR HISTORY IS FILLED WITH INSPIRING STORIES OF DONORS WHO GIVE GENEROUSLY, AND NONPROFITS THAT CREATE POSITIVE CHANGE. WE MANAGE MORE THAN $1 BILLION IN ASSETS AND HAVE GRANTED MORE THAN $1.2 BILLION BACK TO THE COMMUNITY SINCE 1975.WE MANAGE CHARITABLE FUNDS FOR HUNDREDS OF INDIVIDUALS, FAMILIES, AND CORPORATIONS. A GIFT TO THE SAN DIEGO FOUNDATION PROVIDES MAXIMUM TAX DEDUCTIONS, OUTSTANDING INVESTMENT MANAGEMENT AND LOW ADMINISTRATIVE COSTS. WITH MORE THAN 44 YEARS SERVING THE COMMUNITY AND HUNDREDS OF ACTIVE PARTNERSHIPS WITH LEADERS AND ORGANIZATIONS, WE ARE ABLE TO ASSESS CHANGING REGIONAL NEEDS AND TAKE ACTION ON SAN DIEGO'S MOST PRESSING CHALLENGES. WE GATHER THIS INFORMATION AND CREATE AN ONGOING UNDERSTANDING OF SAN DIEGO'S NEEDS SO THAT WE CAN PAIR IT WITH OUR UNDERSTANDING OF OUR DONORS' PASSIONS, VALUES AND INTEREST AREAS AND CONNECT THEM WITH NONPROFIT ORGANIZATIONS THAT OFFER SOLUTIONS TO GROW A VIBRANT REGION.THE FOUNDATION ALLOWS INDIVIDUALS AND FAMILIES TO ESTABLISH CUSTOMIZED CHARITABLE FUNDS WITHOUT THE BURDEN OF TAX LIABILITIES AND ADMINISTRATIVE TASKS ASSOCIATED WITH SETTING UP A PRIVATE FOUNDATION. OUR BOARD OF GOVERNORS, COMPRISED OF PROFESSIONAL EXPERTS AND COMMUNITY LEADERS, AND OUR KNOWLEDGEABLE STAFF PROVIDE KEEN OVERSIGHT AND AN UNWAVERING COMMITMENT TO HONORING THE WISHES OF EACH DONOR.THE SAN DIEGO FOUNDATION'S PROGRAM AREAS ARE GUIDED BY OUR ORGANIZATIONAL VALUES. WE VALUE ALL PEOPLE, ALL PARTNERS, AND OUR REGION. WE ACT WITH INTEGRITY AND RESPECT FOR ONE ANOTHER AND THE COMMUNITIES WE SERVE, WE ENGAGE DIVERSE PERSPECTIVES TO FOSTER COLLABORATION AND INNOVATIVE SOLUTIONS, AND WE STRIVE FOR AN INCLUSIVE COMMUNITY WHERE EVERYONE HAS EQUITABLE ACCESS TO OPPORTUNITY.GRANT OPPORTUNITIES ARE OFFERED BY THE SAN DIEGO FOUNDATION, THE SAN DIEGO WOMEN'S FOUNDATION, AND OUR EIGHT REGIONAL AFFILIATE FOUNDATIONS (4SRANCH-DEL SUR, CARLSBAD, CHULA VISTA, ESCONDIDO, LA JOLLA, OCEANSIDE, RAMONA, AND RANCHO BERNARDO).
Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.
The San Diego Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Howell Vp, Chief Financial Officer | Officer | 40 | $276,532 |
Matt Fettig Vp, Chief Investment Officer | Officer | 40 | $269,384 |
Susan Bantz Chief Operating Officer | Officer | 40 | $265,740 |
Mark Stuart President & CEO | Officer | 40 | $248,164 |
Brian Zumbano Vp, Development & Stewards | 40 | $236,103 | |
Theresa Nakata Vp, Chief Communications Officer | 40 | $207,456 |
The San Diego Foundation Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moss Adams Llp Accounting Services | 6/29/20 | $144,482 |
62above Advertising Consultant | 6/29/20 | $142,131 |
Nygren Consulting Strategic Planning Consultant | 6/29/20 | $164,239 |
Verus Investment Consultant | 6/29/20 | $341,519 |
Alvaka Networks It Consultant | 6/29/20 | $136,554 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,000 |
| Related organizations | $2,018,647 |
| Government grants | $12,735,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,356,606 |
| Noncash contributions included in lines 1a–1f | $6,187,965 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,134,513 |
| Total Program Service Revenue | $19,977,620 |
| Investment income | $13,428,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,190 |
| Net Gain/Loss on Asset Sales | $27,493,620 |
| Net Income from Fundraising Events | -$1,512 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,340,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,039,730 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $591,278 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,391,493 |
| Compensation of current officers, directors, key employees. | $832,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,334,032 |
| Pension plan accruals and contributions | $489,362 |
| Other employee benefits | $451,804 |
| Payroll taxes | $414,424 |
| Fees for services: Management | $6,526,649 |
| Fees for services: Legal | $163,101 |
| Fees for services: Accounting | $136,632 |
| Fees for services: Lobbying | $10,575 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,650,236 |
| Fees for services: Other | $967,346 |
| Advertising and promotion | $274,112 |
| Office expenses | $178,372 |
| Information technology | $380,281 |
| Royalties | $0 |
| Occupancy | $119,576 |
| Travel | $15,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280,823 |
| Interest | $218,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731,519 |
| Insurance | $119,051 |
| All other expenses | $382,233 |
| Total functional expenses | $95,120,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,622,541 |
| Savings and temporary cash investments | $30,001,917 |
| Pledges and grants receivable | $1,968,893 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $208,435 |
| Net Land, buildings, and equipment | $6,631,710 |
| Investments—publicly traded securities | $623,345,977 |
| Investments—other securities | $187,253,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,179,836 |
| Total assets | $1,065,212,876 |
| Accounts payable and accrued expenses | $6,904,899 |
| Grants payable | $17,282,351 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,136,523 |
| Escrow or custodial account liability | $97,989,990 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $899,500 |
| Other liabilities | $4,471,873 |
| Total liabilities | $138,685,136 |
| Net assets without donor restrictions | $372,011,862 |
| Net assets with donor restrictions | $554,515,878 |
| 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 | $1,065,212,876 |
The San Diego Foundation Grants Awarded
Over the last fiscal year, The San Diego Foundation has awarded $73,995,303 in support to 828 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: FOR COVID RESPONSE FOR CHILDCARE, DAY CAMP, AND OTHER SERVICES | $5,941,207 |
Bonita, CA PURPOSE: FOR COVID RESPONSE FOR CHILDCARE, FOOD AND SUPPLIES PER GRANT AGREEMENT LETTER | $5,050,000 |
La Jolla, CA PURPOSE: TO SUPPORT THE UCSD STUDENT FOUNDATION ENDOWMENT FUND FOR THE UCSD STUDENT FOUNDATION | $3,348,772 |
San Diego, CA PURPOSE: FOR GENERAL SUPPORT | $3,331,296 |
CALIFORNIA DEPARTMENT OF FISH & WILDLIFE PURPOSE: FOR THE DREDGING OF BATIQUITOS LAGOON | $1,587,920 |
San Diego, CA PURPOSE: TO SUPPORT THE MISSION EDGE IMPACT LAB | $1,535,117 |
The San Diego Foundation Grants Recieved
Over the last fiscal year, we have identified 25 grants that The San Diego Foundation has recieved totaling $1,442,501.
| Awarding Organization | Amount |
|---|---|
Fermanian Family Foundation La Jolla, CA PURPOSE: CHARITY | $369,361 |
California Physicians Service Foundation San Francisco, CA PURPOSE: RAPID RESPONSE FUNDING ADDRESSING THE COVID-19 PUBLIC HEALTH CRISIS IN SUPPORT OF HEALTHY FAMILIES AND COMMUNITIES IN CALIFORNIA | $250,000 |
Lundbeck Us Charitable Fund Deerfield, IL PURPOSE: PROGRAM DESIGNED TO STRENGTHEN THE HEALTH AND VITALITY OF THE COMMUNITY. | $200,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $187,265 |
League Of California Community Foundations Sonora, CA PURPOSE: SUPPORT IMPACTS OF COVID-19 | $94,335 |
League Of California Community Foundations Sonora, CA PURPOSE: SUPPORT IMPACTS OF COVID-19 | $94,335 |
Endowment Analysis
| Beg. Balance | $531,411,766 |
| Earnings | $10,582,218 |
| Admin Expense | $4,286,303 |
| Net Contributions | $17,856,613 |
| Other Expense | $3,015,532 |
| Grants | $9,646,166 |
| Ending Balance | $542,902,596 |
The San Diego Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Community Foundation Los Angeles, CA | $1,735,264,630 | $440,080,131 |
Oregon Community Foundation Portland, OR | $2,274,086,320 | $232,236,926 |
Marin Community Foundation Novato, CA | $755,211,408 | $235,366,683 |
Orange County Community Foundation Newport Beach, CA | $365,423,567 | $141,757,091 |
The San Diego Foundation San Diego, CA | $1,065,212,876 | $147,340,158 |
East Bay Community Foundation Oakland, CA | $594,786,047 | $456,879,431 |
Arizona Community Foundation Phoenix, AZ | $711,496,623 | $106,808,500 |
Hawaii Community Foundation Honolulu, HI | $698,916,314 | $96,096,508 |
Mayors Fund For Los Angeles Los Angeles, CA | $19,032,406 | $59,026,330 |
Santa Barbara Foundation Santa Barbara, CA | $392,665,597 | $29,668,906 |
North Valley Community Foundation Chico, CA | $73,552,900 | $23,908,330 |
Community Foundation For Monterey County Monterey, CA | $291,001,254 | $36,184,059 |
Create a Free Account