David Bohnett Foundation
- Assets
- $16.2m
- Revenue
- $1.6m
- Investments
- $14.7m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 95-4735846
Organization Overview
David Bohnett Foundation is located in Beverly Hills, CA. The organization was established in 1999. 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 Bohnett 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 Bohnett Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David Bohnett Foundation has awarded 1,209 individual grants totaling $59,901,625. 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 |
|---|---|---|---|
Michael Fleming Executive Director | 39.5 | $239,299 | |
Paul Moore Sr. Director Of Prog | 31.6 | $141,426 | |
Liz Atherton Controller | 23.5 | $93,076 | |
David C Bohnett Chairman | 1 | $0 | |
Rich Llewellyn Board Member | 1 | $0 | |
Gwen Baba Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,073 |
| Interest on Savings | $590 |
| Dividends & Interest | $161,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,286,172 |
| Capital Gain Net Income | $1,286,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,551,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $239,299 |
| Other employee salaries and wages | $336,260 |
| Pension plans, employee benefits | $118,900 |
| Interest | $0 |
| Taxes | $22,231 |
| Depreciation | $712 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,113 |
| Printing and publications | $0 |
| Other expenses | $40,346 |
| Total operating and administrative expenses | $882,210 |
| Contributions, gifts, grants paid | $3,656,045 |
| Total expenses and disbursements | $4,538,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,621 |
| Savings and temporary cash investments | $814,737 |
| 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 | $2,291 |
| Other assets | $25,049 |
| Total assets | $16,169,141 |
| Accounts payable and accrued expenses | $62,901 |
| Grants payable | $9,377,513 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $28,697 |
| Total liabilities | $9,469,111 |
Grants Awarded
Over the last fiscal year, David Bohnett Foundation has awarded $4,719,206 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: DAVID C. BOHNETT RESIDENTIAL COLLEGE IN THE USC VILLAGE | $1,000,000 |
LOS ANGELES PHILHARMONIC PURPOSE: DAVID C. BOHNETT CHIEF EXECUTIVE OFFICER CHAIR FUND AND DAVID C. BOHNETT CHIEF EXECUTIVE OFFICER'S DISCOVER AND INNOVATION FUND | $1,000,000 |
Chicago, IL PURPOSE: STUDY THE NORTH ENTRY EXPERIENCE | $250,000 |
LOS ANGELES COUNTY MUSEUM OF ART (LACMA) PURPOSE: BUILDING LACMA CAMPAIGN | $250,000 |
Ann Arbor, MI PURPOSE: DAVID BOHNETT FOUNDATION LEADERSHIP AND PUBLIC SERVICE FELLOWSHIPS | $225,990 |
NYU WAGNER PURPOSE: DAVID BOHNETT PUBLIC SERVICE FELLOWSHIP | $200,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |