Colburn Foundation
- Assets
- $181.6m
- Revenue
- -$1.6m
- Investments
- $180.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 95-4693145
Organization Overview
Colburn 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. Colburn Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Colburn Foundation has awarded 386 individual grants totaling $95,594,765. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol C Grigor Chairman | 1 | $0 | |
Allison Sampson Executive Director | 20 | $81,598 | |
Layne Pinkernell Secretary/treasurer | 24 | $61,108 | |
Richard Colburn Director | 1 | $0 | |
David D Colburn Director | 1 | $0 | |
Robert Attiyeh Director | 1 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,018,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,169,804 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,428,799 |
| Total Revenue | -$1,580,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $166,706 |
| Other employee salaries and wages | $54,197 |
| Pension plans, employee benefits | $13,155 |
| Interest | $0 |
| Taxes | $347,050 |
| Depreciation | $0 |
| Occupancy | $4,875 |
| Travel, conferences, and meetings | $2,390 |
| Printing and publications | $2,357 |
| Other expenses | $784,021 |
| Total operating and administrative expenses | $1,727,443 |
| Contributions, gifts, grants paid | $9,934,147 |
| Total expenses and disbursements | $11,661,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,135 |
| Savings and temporary cash investments | $574,419 |
| 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 | $238,775 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $158,960,425 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $181,616,769 |
| Accounts payable and accrued expenses | $871 |
| Grants payable | $15,444,056 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $851,815 |
| Total liabilities | $16,296,742 |
Grants Awarded
Over the last fiscal year, Colburn Foundation has awarded $9,328,789 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN YOUTH SYMPHONY INC PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $45,000 |
ARROWHEAD ARTS ASSOCIATION PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $1,000 |
BAROQUE MUSIC FESTIVAL PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $13,000 |
CALIFORNIA YOUNG ARTISTS SYMPHONY PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $5,000 |
CAL STATE UNIVERSITY-NORTHRIDGE PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $75,000 |
BOSTON COURT PERFORMING ARTS CENTER PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $3,000 |