Weingart Foundation
- Assets
- $0.0
- Revenue
- $30.6m
- Investments
- $918.3m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1952
- Data as of
- 06/2021
- EIN
- 95-6054814
Organization Overview
Weingart Foundation is located in Los Angeles, CA. The organization was established in 1952. 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. Weingart 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 06/2021, Weingart Foundation generated $30.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $55.9m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 7 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 2015, Weingart Foundation has awarded 4,169 individual grants totaling $287,836,344. 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 |
|---|---|---|---|
Fred Ali President (retired Feb 2021) | 40 | $440,687 | |
Tim Ortez VP Treasurer | 40 | $348,820 | |
Miguel Santana President (began Feb 2021) | 40 | $265,496 | |
Joanna Jackson VP Grant Operations | 40 | $223,518 | |
Vy Nguyen Director, Special Pr | 40 | $152,256 | |
Rosa Benitez Director, Program In | 40 | $150,656 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 6/29/21 | $1,535,928 |
1607 Capital | 6/29/21 | $822,688 |
Crestline Speciality Lending Ii | 6/29/21 | $584,700 |
Two Sigma | 6/29/21 | $335,738 |
Clarion Partners | 6/29/21 | $269,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $108 |
| Dividends & Interest | $1,717,282 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,167,598 |
| Total Revenue | $30,569,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,747,907 |
| Pension plans, employee benefits | $1,069,771 |
| Depreciation | $363,093 |
| Occupancy | $519,979 |
| Travel, conferences, and meetings | $16,308 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $15,655,802 |
| Contributions, gifts, grants paid | $40,288,129 |
| Total expenses and disbursements | $55,943,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Investments—mortgage loans | $0 |
| Investments—other | $633,931,731 |
| Other assets | $602,599 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,140,094 |
Grants Awarded
Over the last fiscal year, Weingart Foundation has awarded $45,241,318 in support to 596 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain View, CA PURPOSE: SUPPORT FOR THE CALIFORNIA BLACK FREEDOM FUND | $2,000,000 |
Los Angeles, CA PURPOSE: PROJECT SUPPORT TO SOUTHERN CALIFORNIA GRANTMAKERS | $1,500,000 |
Los Angeles, CA PURPOSE: PRI TO PAY OFF U.S. BANK LOAN FOR CONSTRUCTION OF ARTS AND RECREATION CENTER | $1,300,000 |
Mountain View, CA PURPOSE: GENREAL OPERATING SUPPORT | $1,000,000 |
Los Angeles, CA PURPOSE: PROGRAM RELATED INVESTMENT FOR SEED SCHOOL LA | $1,000,000 |
Los Angeles, CA PURPOSE: UNRESTRICTED OPERATING SUPPORT | $700,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |