Resnick Foundation
- Assets
- $16.2m
- Revenue
- $25.1m
- Investments
- $6.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1997
- Data as of
- 09/2021
- EIN
- 95-4658095
Organization Overview
Resnick Foundation is located in Los Angeles, CA. The organization was established in 1997. 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. Resnick 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 09/2021, Resnick Foundation generated $25.1m in total revenue. All expenses for the organization totaled $36.5m during the year ending 09/2021. While expenses have increased by 34.4% per year over the past 3 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 2016, Resnick Foundation has awarded 595 individual grants totaling $1,003,295,042. 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
N/A
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,955,386 |
| Interest on Savings | $60,602 |
| Dividends & Interest | $36,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,898 |
| Total Revenue | $25,090,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,436 |
| Total operating and administrative expenses | $88,150 |
| Contributions, gifts, grants paid | $36,420,740 |
| Total expenses and disbursements | $36,508,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,419,614 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $820,000 |
| Total assets | $16,158,618 |
| Accounts payable and accrued expenses | $103,052 |
| 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 | $375,002,018 |
| Total liabilities | $375,105,070 |
Grants Awarded
Over the last fiscal year, Resnick Foundation has awarded $471,578,840 in support to 412 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: DONEE'S TAX EXEMPT PURPOSE | $400,825,015 |
Santa Monica, CA PURPOSE: DONEE'S TAX EXEMPT PURPOSE | $10,000,000 |
LACMA - ARTWORK PURPOSE: DONEE'S TAX EXEMPT PURPOSE | $9,645,000 |
ASPEN INSTITUTE PURPOSE: DONEE'S TAX EXEMPT PURPOSE | $7,625,000 |
CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION PURPOSE: DONEE'S TAX EXEMPT PURPOSE | $7,000,000 |
HAMMER MUSEUM PURPOSE: DONEE'S TAX EXEMPT PURPOSES | $6,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |