Broad Foundation
- Assets
- $1.8b
- Revenue
- $168.9m
- Investments
- $1.6b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/1999
- Data as of
- 12/2019
- EIN
- 95-4686318
Organization Overview
Broad Foundation is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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.
For the year ending 12/2019, Broad Foundation generated $168.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $77.6m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Broad Foundation has awarded 836 individual grants totaling $1,023,148,293. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Chi Senior Director | 40 | $158,910 | |
Suzanne Emmerling Chief Communications | 30 | $146,231 | |
Susan Jack Vice President/chief | 32 | $130,490 | |
Heidi Kato Chief Administrative | 40 | $79,890 | |
Eli Broad Trustee, Chairman | 30 | $60,000 | |
Edythe L Broad Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Office Financial Services Llc | 12/30/19 | $1,503,403 |
Ernst & Young Us Llp | 12/30/19 | $105,106 |
Clark Nuber Ps | 12/30/19 | $103,645 |
Family Office Investment Services Llc | 12/30/19 | $1,345,350 |
Wellspring Consulting Llc | 12/30/19 | $104,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,529,442 |
| Dividends & Interest | $613,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,450,001 |
| Capital Gain Net Income | $144,683,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,322,661 |
| Total Revenue | $168,915,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $561,434 |
| Pension plans, employee benefits | $108,362 |
| Interest | $0 |
| Taxes | $4,806,577 |
| Depreciation | $186,071 |
| Occupancy | $81,738 |
| Travel, conferences, and meetings | $75,703 |
| Printing and publications | $67,995 |
| Other expenses | $336,143 |
| Total operating and administrative expenses | $12,087,715 |
| Contributions, gifts, grants paid | $65,557,160 |
| Total expenses and disbursements | $77,644,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,512 |
| Savings and temporary cash investments | $189,616,610 |
| 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 | $1,626,941,153 |
| Net Land, buildings, and equipment | $56,320 |
| Other assets | $30,249,832 |
| Total assets | $1,846,960,427 |
| Accounts payable and accrued expenses | $1,033,300 |
| Grants payable | $436,794,956 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,560,368 |
| Total liabilities | $446,388,624 |
Grants Awarded
Over the last fiscal year, Broad Foundation has awarded $155,054,528 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: SCI & MED RESEARCH - TO SUPPORT BIOMEDICAL AND GENOMIC RESEARCH | $110,000,000 |
Los Angeles, CA PURPOSE: EDUCATION - TO DEVELOP AND SUPPORT LEADERS AND MANAGERS OF PUBLIC SCHOOL DISTRICTS, CHARTER MANAGEMENT ORGS AND STATE AND FEDERAL EDUCATION AGENCIES | $13,025,400 |
Los Angeles, CA PURPOSE: ARTS - GENERAL SUPPORT PLEDGE | $8,917,065 |
East Lansing, MI PURPOSE: EDUCATION - ENDOWMENT FOR THE ELI BROAD COLLEGE OF BUSINESS | $3,000,000 |
Los Angeles, CA PURPOSE: SCI & MED RESEARCH - REGENERATIVE MEDICINE AND STEM CELL RESEARCH AT USC | $2,500,000 |
Los Angeles, CA PURPOSE: SCI & MED RESEARCH - REGENERATIVE MEDICINE AND STEM CELL RESEARCH AT UCLA | $2,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The California Endowment Los Angeles, CA | $3,446,801,045 | $280,955,609 |
Conrad N Hilton Foundation Agoura Hills, CA | $4,101,713,350 | $963,893,294 |
Good Ventures Foundation Palo Alto, CA | $3,336,254,185 | $1,237,792,121 |
Sergey Brin Family Foundation San Francisco, CA | $0 | $196,006,742 |
James Irvine Foundation San Francisco, CA | $2,606,961,983 | $106,811,064 |
Columbia Lutheran Charities Astoria, OR | $179,724,242 | $148,283,851 |
Tosa Foundation Portola Valley, CA | $602,851,213 | $74,662,846 |
Scully Memorial Foundation Mill Valley, CA | $0 | $177,202,304 |
Broad Foundation Los Angeles, CA | $1,846,960,427 | $168,915,423 |
Engelstad Fam Foundation Las Vegas, NV | $799,432,969 | $59,109,744 |
S D Bechtel Jr Foundation San Francisco, CA | $67,419,693 | $6,476,129 |
Henry J Kaiser Family Foundation San Francisco, CA | $735,632,115 | $53,799,622 |