The David Geffen Foundation
- Assets
- $481.2m
- Revenue
- $36.4m
- Investments
- $473.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 95-4085811
Organization Overview
The David Geffen Foundation is located in Los Angeles, CA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. David Geffen 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, David Geffen Foundation generated $36.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $108.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, David Geffen Foundation has awarded 502 individual grants totaling $306,660,585. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Geffen Trustee | 1 | $0 | |
J Dallas Dishman Executive Director | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/22 | $146,463 |
Pwc Us Tax Llp | 12/30/22 | $73,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,049,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,071,922 |
| Capital Gain Net Income | $20,071,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$700,952 |
| Total Revenue | $36,420,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $299,028 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $29,571 |
| Interest | $0 |
| Taxes | $100,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,129 |
| Printing and publications | $170 |
| Other expenses | $4,257 |
| Total operating and administrative expenses | $730,452 |
| Contributions, gifts, grants paid | $107,843,612 |
| Total expenses and disbursements | $108,574,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,394 |
| Savings and temporary cash investments | $7,815,542 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $387,798,410 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $481,191,890 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The David Geffen Foundation has awarded $90,593,083 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION OF SOUTHERN CALIFORNIA PURPOSE: GENERAL SUPPORT | $10,000 |
ACADEMY FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000,000 |
ACTORS' FUND OF AMERICA PURPOSE: GENERAL SUPPORT | $3,000 |
AMERICAN CINEMATHEQUE PURPOSE: GENERAL SUPPORT | $5,000 |
ALGEMEINER INC PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN SOCIETY FOR YAD VASHEM PURPOSE: GENERAL SUPPORT | $25,000 |