W M Keck Foundation
- Assets
- $1.9b
- Revenue
- $132.5m
- Investments
- $1.8b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1959
- Data as of
- 12/2021
- EIN
- 95-6092354
Organization Overview
W M Keck Foundation is located in Los Angeles, CA. The organization was established in 1959. 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. W M Keck 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, W M Keck Foundation generated $132.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $99.2m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 4 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 2020, W M Keck Foundation has awarded 500 individual grants totaling $165,849,041. 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 |
|---|---|---|---|
Allison M Keller Coo, Cfo, And Executive Director | 40 | $450,000 | |
Dr Maria Pellegrini Executive Director Of Programs | 40 | $340,702 | |
Dr Kevin Moses Sr. Program Director | 32.5 | $300,000 | |
Dr Thomas P Rieker Sr. Program Director | 32.5 | $263,444 | |
Dr Dorothy Fleisher Sr. Program Director | 32.5 | $208,202 | |
Anneli Stone Sr. Program Director | 32.5 | $155,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/21 | $746,110 |
Edgewood Management Llc | 12/30/21 | $3,493,962 |
Bel Air Investment Advisors Llc | 12/30/21 | $1,948,480 |
Columbia Management Investment Advisers Llc | 12/30/21 | $909,016 |
Wcm Investment Management | 12/30/21 | $545,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,454 |
| Dividends & Interest | $13,047,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,025,766 |
| Capital Gain Net Income | $160,648,726 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $451,400 |
| Total Revenue | $132,529,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,365,702 |
| Other employee salaries and wages | $1,697,543 |
| Pension plans, employee benefits | $646,351 |
| Interest | $0 |
| Taxes | $5,060,431 |
| Depreciation | $184,632 |
| Occupancy | $891,277 |
| Travel, conferences, and meetings | $12,832 |
| Printing and publications | $61,842 |
| Other expenses | $463,589 |
| Total operating and administrative expenses | $20,240,515 |
| Contributions, gifts, grants paid | $78,970,616 |
| Total expenses and disbursements | $99,211,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,722,908 |
| 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 | $192,021 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $765,981,655 |
| Net Land, buildings, and equipment | $665,393 |
| Other assets | $23,790,749 |
| Total assets | $1,878,594,082 |
| Accounts payable and accrued expenses | $2,116,263 |
| Grants payable | $31,689,830 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $50,005,924 |
| Total liabilities | $83,812,017 |
Grants Awarded
Over the last fiscal year, W M Keck Foundation has awarded $94,155,948 in support to 240 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TO ACCELERATE GROUNDBREAKING MEDICAL, CLINICAL AND TRANSLATIONAL RESEARCH AND EDUCATION. | $7,500,000 |
Los Angeles, CA PURPOSE: TO ACCELERATE GROUNDBREAKING MEDICAL, CLINICAL AND TRANSLATIONAL RESEARCH AND EDUCATION. | $7,500,000 |
Malibu, CA PURPOSE: TO SUPPORT THE KECK DATA SCIENCE CENTER AND INITIATIVE. | $5,000,000 |
Los Angeles, CA PURPOSE: TO RENOVATE SPACE IN THE CHEMISTRY BUILDING TO CREATE A RESEARCH CENTER FOR STUDENT/FACULTY RESEARCH. | $5,000,000 |
Claremont, CA PURPOSE: TO ENHANCE CLAREMONT MCKENNA COLLEGE'S INTERDISCIPLINARY SCIENCE RESEARCH AND EDUCATION. | $4,000,000 |
Claremont, CA PURPOSE: TO ENHANCE CLAREMONT MCKENNA COLLEGE'S INTERDICIPLINARY SCIENCE RESEARCH AND EDUCATION. | $4,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that W M Keck Foundation has recieved totaling $57,307.
| Awarding Organization | Amount |
|---|---|
Northeastern University Boston, MA PURPOSE: Sub-Award | $57,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crankstart Foundation San Francisco, CA | $5,105,990,197 | $480,695,638 |
Conrad N Hilton Foundation Westlake Village, CA | $7,732,630,405 | $2,481,413,875 |
Good Ventures Foundation Palo Alto, CA | $4,383,621,636 | $449,683,738 |
The California Endowment Los Angeles, CA | $0 | $280,955,609 |
Sergey Brin Family Foundation San Francisco, CA | $4,934,252,269 | $912,518,052 |
James Irvine Foundation San Francisco, CA | $4,085,262,775 | $499,578,433 |
Columbia Lutheran Charities Astoria, OR | $246,096,987 | $180,771,261 |
Skoll Foundation Palo Alto, CA | $1,166,571,958 | $379,652,535 |
Broad Foundation Los Angeles, CA | $2,410,166,174 | $240,915,854 |
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 |