VISA FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- VISA FOUNDATION (EIN 81-4503596)
- Tax period
- 2021-10-01 to 2022-09-30
- Filed
- 2023-08-16
- IRS object ID
- 202322289349101057
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-16T15:18:25-05:00 | ReturnTs |
| Tax Period End | 2022-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 814503596 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Visa Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | VISA | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Market Street Suite 600 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94105 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Graham Macmillan | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2023-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Graham | PersonFirstNm |
| Person Last | Macmillan | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $395,627,073 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $34,740 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $34,740 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $6,173,714 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,173,714 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,909,783 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $37,487,512 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,809,876 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $368,732 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $366,747 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $201,179 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $12,486,969 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $12,385,077 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $201,179 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $23,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $23,100 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,443,525 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $873,381 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $570,144 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $262,530 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $262,530 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $205,800 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $1,326,497 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,059,075 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $264,766 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,261,452 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,194,986 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $858,010 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $28,077,795 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $28,077,795 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $31,339,247 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,194,986 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $28,935,805 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$18,852,278 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $10,190,091 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $201,179 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $23,395,789 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,356,745 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $6,356,745 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $415,824,921 | CorporateStockBOYAmt |
| Corporate Stock EOY | $389,389,514 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $347,981,719 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $9,442,882 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $22,021,320 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $25,788,609 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $3,456,265 | OtherAssetsBOYAmt |
| Other Assets EOY | $15,500,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $15,500,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $452,119,857 | TotalAssetsBOYAmt |
| Total Assets EOY | $433,267,579 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $395,627,073 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $452,119,857 | RetainedEarningBOYAmt |
| Retained Earning EOY | $433,267,579 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $452,119,857 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $433,267,579 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $452,119,857 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $433,267,579 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $452,119,857 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$18,852,278 | ExcessRevenueOverExpensesAmt |
| Subtotal | $433,267,579 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $433,267,579 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly-traded Securities | $37,487,512 | $31,854,577 | $5,632,935 | $5,632,935 |
| Passthrough K1 Capital Gain/(Loss) | $176,941 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,809,876 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $141,642 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $141,642 | SubtotalAmt |
| Tax Based On Investment Income | $141,642 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $160,853 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $160,853 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $19,211 | OverpaymentAmt |
| Applied To ES Tax | $19,211 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (15 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Brooke D Arena | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Sec | 1.0 | $0 | $0 | $0 |
| Lynne Biggar | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Frank Cooper | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Michelle Gethers-Clark | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir, Vice Chair | 1.0 | $0 | $0 | $0 |
| Beth Hurvitz | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Alfred F Kelly Jr | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir, Chair of the Board | 1.0 | $0 | $0 | $0 |
| Najada Kumbuli | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Head of Mission Investments | 1.0 | $0 | $0 | $0 |
| Graham Macmillan | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Pres, Dir | 1.0 | $0 | $0 | $0 |
| Ryan McInerney | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Colleen Ostrowski | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Treas | 1.0 | $0 | $0 | $0 |
| Payal Pathak | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Program Officer | 1.0 | $0 | $0 | $0 |
| Vasant Prabhu | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Bill Sheedy | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir, Chair of the Board | 1.0 | $0 | $0 | $0 |
| Kelly Mahon Tullier | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Dir | 1.0 | $0 | $0 | $0 |
| Robert Meloche | ||||||||
| 1 Market Street Suite 600 | San Francisco | CA | 94105 | Head of Programs | 1.0 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Sonen Capital LLC | |||||
| 456 Montgomery GC1 | San Francisco | CA | 94104 | Investment Mgmt | $600,000 |
| Porter Novelli Inc | |||||
| PO Box 771633 | St Louis | MO | 63177 | Philanthropic Srvcs | $180,000 |
| Foundation Source | |||||
| 55 Walls Drive 3rd Fl | Fairfield | CT | 06824 | Administrative | $173,400 |
| BBMG Holdings LLC | |||||
| 20 Jay Street Suite 1012 | Brooklyn | NY | 11201 | Philanthropic SRVCS | $156,500 |
| Strategic Impact Advisors LLC | |||||
| 6511 Griffith Road | GAITHERSBURG | MD | 20882 | 0 | $84,210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 5 | ContractorPaidOver50kCnt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ROOT CAPITAL PRI- TO FINANCE COMMUNITY-BASED ENTERPRISES THAT ARE CONSIDERED TO BE PART OF WOMEN IN AGRICULTURE INITIATIVE | Description1Txt |
| Expenses1 | $4,000,000 | Expenses1Amt |
| Description2 | SOUTHERN OPPORTUNITY AND RESILIENCE FUND LLC PRI-FACILITATE ECONOMIC RECOVERY OF SMALL BUSINESSES AND NONPROFITS THAT HAVE EXPERIENCED DIRECT ECONOMIC HARDSHIP FROM COVID-19 | Description2Txt |
| Expenses2 | $4,215,382 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $3,828,353 | AllOtherProgramRltdInvstTotAmt |
| Total | $12,043,735 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $432,952,018 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,027,445 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $15,418,585 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $458,398,048 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $458,398,048 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,875,971 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $451,522,077 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $22,576,104 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $22,576,104 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $141,642 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $18,570 | IncomeTaxAmt |
| Total Tax | $160,212 | TotalTaxAmt |
| Distributable Before Adj | $22,415,892 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $22,415,892 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $22,415,892 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $28,935,805 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $12,043,735 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $40,979,540 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $22,415,892 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $8,371,520 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Qualifying Distributions | $40,979,540 | QualifyingDistributionsAmt |
| Applied To Year1 | $8,371,520 | AppliedToYear1Amt |
| Applied To Current Year | $22,415,892 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $10,192,128 | RemainingDistriFromCorpusAmt |
| Total Corpus | $10,192,128 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $10,192,128 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $10,192,128 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (35 entries)
| Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2X COLLABORATIVE LIMITED | ||||||||||||
| 55 LUDGATE HILL | LONDON | ENGLAND | UK | EC4M 7JW | N/A | PC | General & Unrestricted | $500,000 | ||||
| AMERICAN HEART ASSOCIATION INC - GREATER BAY ARE | ||||||||||||
| N/A | PC | To support the American Heart Association's EmPOWERED to Serve Business Accelerator Program | $250,000 | 426 17TH ST STE 300 | OAKLAND | CA | 94612 | |||||
| AMERICAN NATIONAL RED CROSS | ||||||||||||
| N/A | PC | For support of the South Africa: KZN Floods emergency appeal of to deliver assistance and support early recovery of the people affected by the floods | $100,000 | 431 18TH ST NW | WASHINGTON | DC | 20006 | |||||
| AMERICAN NATIONAL RED CROSS | ||||||||||||
| N/A | PC | For support of the Philippines: Typhoon Rai (Odette) emergency appeal of $20M to deliver assistance and support early recovery of the people affected by Typhoon Rai (Odette) | $250,000 | 1663 MARKET ST | SAN FRANCISCO | CA | 94103 | |||||
| AMERICAN NATIONAL RED CROSS | ||||||||||||
| N/A | PC | Annual Disaster Giving Program | $500,000 | 431 18TH ST NW | WASHINGTON | DC | 20006 | |||||
| AMERICAN NATIONAL RED CROSS | ||||||||||||
| N/A | PC | For support of Pakistan's Monsoon Floods emergency appeal launched on August 28, 2022 to deliver assistance and support early recovery of the people affected by the incessant monsoon rains in Pakistan | $250,000 | 431 18TH ST NW | WASHINGTON | DC | 20006 | |||||
| AMERICAN NATIONAL RED CROSS | ||||||||||||
| N/A | PC | For support of the Bangladesh, Asia Pacific: Floods emergency appeal launched on June 24, 2022, to aid the work of the Bangladesh Red Crescent Society (BDRCS) as it responds to the extreme flooding in Bangladesh | $100,000 | 431 18TH ST NW | WASHINGTON | DC | 20006 | |||||
| ASIAN VENTURE PHILANTHROPY NETWORK LIMITED | ||||||||||||
| 171 TRAS ST 10-179 UNION BLDG | SINGAPORE | SN | 079025 | N/A | PC | General & Unrestricted | $400,000 | |||||
| BLACK ECONOMIC ALLIANCE FOUNDATION | ||||||||||||
| N/A | PC | To support the Center for Black Entrepreneurship | $3,000,000 | 700 13TH ST NW STE 600 | WASHINGTON | DC | 20005 | |||||
| CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEW YORK | ||||||||||||
| N/A | PC | general support fund | $50,000 | 1011 1ST AVE 11TH FL | NEW YORK | NY | 10022 | |||||
| CHARITIES AID FOUNDATION AMERICA | ||||||||||||
| N/A | PC | To support the Visa Foundation Gives Program internationally | $1,000,000 | 225 REINEKERS LN STE 375 | ALEXANDRIA | VA | 22314 | |||||
| EYELLIANCE INC | ||||||||||||
| N/A | PC | To support a new inclusive optical sector for small and growing businesses | $150,000 | 110 E 25TH ST | NEW YORK | NY | 10010 | |||||
| FIRST PLACE FOR YOUTH | ||||||||||||
| N/A | PC | To provide core support for housing, education and career readiness programs | $500,000 | 426 17TH ST STE 100 | OAKLAND | CA | 94612 | |||||
| FSG INC | ||||||||||||
| N/A | PC | To support the design phase of the WeFi Code, a World Bank initiative to rally diverse stakeholders around a shared data standard for gender-based financing | $350,000 | 179 LINCOLN ST | BOSTON | MA | 02111 | |||||
| GLOBAL IMPACT INVESTING NETWORK INC | ||||||||||||
| N/A | PC | To support the Global Impact Investing Network's new initiative to increase the pool of funds dedicated to impact-focused investments by engaging the corporate community as potential impact investors | $250,000 | 1 BATTERY PARK PLAZA STE 202 | NEW YORK | NY | 10004 | |||||
| IMPACTASSETS INC | ||||||||||||
| N/A | PC | For support of the GenderSmart Investing Summit at the Founding Partner Level to increasing awareness of gender-lens investment opportunities globally, through an entity such as GenderSmart Investing | $200,000 | 4340 EAST WEST HWY STE 210 | BETHESDA | MD | 20814 | |||||
| IMPACTASSETS INC | ||||||||||||
| N/A | PC | For support of fiscally sponsored program, GenderSmart | $135,000 | 4340 EAST WEST HWY STE 210 | BETHESDA | MD | 20814 | |||||
| INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT | ||||||||||||
| VIA PAOLO DI DONO 44 | ROMA | IT | 00142 | N/A | PC | To support financial inclusion by facilitating access to financial tools; supporting low-income women and women-owned enterprises, and by supporting the development and scaling of sustainable financial services products | $584,000 | |||||
| KIVA MICROFUNDS | ||||||||||||
| N/A | PC | To support the charitable purposes of Kiva by establishing a "for benefit of" Supporter Account held with Kiva User Funds | $150,000 | 875 HOWARD ST SUITE 340 | SAN FRANCISCO | CA | 94103 | |||||
| MISSION INVESTORS EXCHANGE INC | ||||||||||||
| N/A | PC | For support of activities relating to the sponsorship of the Mission Investor Exchange's 2022 National Conference | $50,000 | 105 W 86TH ST 358 | NEW YORK | NY | 10024 | |||||
| NEW VENTURE FUND | ||||||||||||
| N/A | PC | Tipping Point Fund | $250,000 | PO BOX 37734 | BALTIMORE | MD | 21297 | |||||
| OMPRAKASH INC | ||||||||||||
| N/A | PC | To support the 2022 FLII Conference, which is the Latin American Impact Investing Forum hosted by the New Ventures Group, through an entity such as New Ventures | $50,000 | 2311 N 45TH ST | SEATTLE | WA | 98103 | |||||
| OPPORTUNITY INTERNATIONAL INC | ||||||||||||
| N/A | PC | To support Women THRIVE Program: Accelerating the Growth of Women-Owned Enterprises and jobs for Women in Africa | $1,000,000 | 101 N WACKER DRIVE STE 1150 | CHICAGO | IL | 60606 | |||||
| POLICYLINK | ||||||||||||
| N/A | PC | Black Future Opportunity, Inc. | $1,000,000 | 1438 WEBSTER ST STE 303 | OAKLAND | CA | 94612 | |||||
| PRO MUJER INC | ||||||||||||
| N/A | PC | To support the growth of women-led businesses through the provision of holistic services that increase their access to capital | $1,800,000 | 240 WEST 35TH ST SUITE 404 | NEW YORK | NY | 10001 | |||||
| ROOT CAPITAL INC | ||||||||||||
| N/A | PC | To support expanding access to capital for gender inclusive agri-SGBs | $800,000 | 245 MAIN ST 2ND FL | CAMBRIDGE | MA | 02142 | |||||
| SMITHSONIAN INSTITUTION - NATIONAL MUSEUM OF AFRIC | ||||||||||||
| N/A | PC | to support the NMAAHC mission | $200,000 | PO BOX 418320 | BOSTON | MA | 02241 | |||||
| TECHNOSERVE INC | ||||||||||||
| N/A | PC | To support the growth of gender diverse, green and agricultural businesses in India and Sub-Saharan Africa | $1,800,000 | 1777 N KENT ST SUITE 1100 | ALRINGTON | VA | 22209 | |||||
| TIDES CENTER | ||||||||||||
| N/A | PC | to help diverse fund managers build their funds and access technical assistance, while creating connections to LPs, through an entity such as VC Include | $900,000 | PO BOX 399385 | SAN FRANCISCO | CA | 94139 | |||||
| TIPPING POINT COMMUNITY | ||||||||||||
| N/A | PC | For support of Tipping Point Community's Education, Employment, and Housing investment portfolios | $1,000,000 | 220 MONTGOMERY ST STE 850 | SAN FRANCISCO | CA | 94104 | |||||
| TIPPING POINT COMMUNITY | ||||||||||||
| N/A | PC | to address and prevent youth homelessness across the Bay Area | $6,800,000 | 220 MONTGOMERY ST STE 850 | SAN FRANCISCO | CA | 94104 | |||||
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA The Pe | ||||||||||||
| N/A | PC | For support of Project Sage 4.0 | $45,000 | PO BOX 71332 | PHILADELPHIA | PA | 19176 | |||||
| UNITED STATES FUND FOR UNICEF | ||||||||||||
| N/A | PC | To provide support for humanitarian assistance focused on families and children as a result of the crisis in Ukraine, including urgent and escalating needs for safe water, health care, nutrition and protection | $2,000,000 | 125 MAIDEN LANE 10TH FL | NEW YORK | NY | 10038 | |||||
| VALUE FOR WOMEN LTD | ||||||||||||
| 86-90 PAUL ST | LONDON | ENGLAND | UK | EC2A 4NE | N/A | NC | Expenditure responsibility Grant | $288,000 | ||||
| WOMENS WORLD BANKING INC | ||||||||||||
| N/A | PC | general support commitment in conjunction with supporting women-led small and micro enterprises | $1,375,795 | 122 E 42ND ST FL 42 | NEW YORK | NY | 10168 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $28,077,795 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34,740 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,173,714 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $99,907 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,809,876 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|---|---|
| K-1 Inc/Loss | 525990 | $1,985 | 14 | $165,568 | |
| INTEREST INCOME FROM PRIS | $201,179 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $101,892 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $12,183,898 | ExclusionAmt |
| Related Or Exempt Function Incm | $201,179 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,486,969 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 11 | SIGNIFICANTLY CONTRIBUTED TO THE FOUNDATION'S MISSION OF ADDRESSING THE CAPITAL NEEDS OF ELIGIBLE SMALL BUSINESSES OF CALIFORNIA, AS THEY RE-OPEN AND RECOVER FROM THE COVID-19 PANDEMIC |
| 11 | Further foundation's mission of financing community-based enterprises that are considered to be part of women in agriculture initiative |
| 11 | significantly contributed to foundation's mission of facilitating economic recovery of small businesses and nonprofits that have experienced direct economic hardship from covid-19 |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit Fees | CategoryTxt |
| Amt | $23,100 | Amt |
| Disbursements Charitable Prps | $23,100 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CALIFORNIA REBUILDING FUND, LLC PRI- TO ADDRESS THE CAPITAL NEEDS OF ELIGIBLE SMALL BUSINESSES OF CALIFORNIA, AS THEY RE-OPEN AND RECOVER FROM THE COVID-19 PANDEMIC | Desc |
| Amt | $3,828,353 | Amt |
Depreciation Schedule DepreciationSchedule
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IMPACT ALPHA | ||||||||||||||
| 2009 FRANCISCO STREET | BERKELEY | CA | 94709 | 2020-01-17 | $50,000 | EDUCATNL PROGRAM & REPORTING WOMEN ECON EMPOWERMENT VIA IMPACT INVESTING ENTREPRENEURSHIP BUS GRWTH | $50,000 | NO | 10/5/21 | NONE NECESSARY | ||||
| SOUTHERN OPPORTUNITY AND RESILIENCE FUND | ||||||||||||||
| 1825 K STREET NW SUITE 1100 | WASHINGTON | DC | 20006 | 2021-09-07 | $5,000,000 | PRI LOAN-SEE GEN EXP FOR PURPOSE & ADDTL DATES & DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | SEE GENERAL EXPLANATION ATTACHMENT | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE. | |||||
| CALIFORNIA REBUILDING FUND LLC | ||||||||||||||
| 986 MISSION STREET 4TH FLOOR | San Francisco | CA | 94103 | 2021-09-07 | $5,500,000 | PRI LOAN-SEE GEN EXP FOR PURPOSE & ADDTL DATES & DETAILS RE AMT EXPENDED & LACK OF DIVERSION | NO | SEE GENERAL EXPLANATION ATTACHMENT | THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE. | |||||
| VALUE FOR WOMEN LTD | ||||||||||||||
| 2022-04-28 | $288,000 | creation & dissemination of insights best practices on gender lens investing & inclusive practices | NO | EXPECTED IN 2023 | none necessary inclusive business practices | 86-90 PAUL ST | LONDON | UK | EC2A 4NE | |||||
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (4 entries)
| IdentifierIdentifierTxt | Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|---|
| PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF | PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF | TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $5,809,876 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $99,907 TOTAL PART I, LINE 6A: $5,909,783 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $37,487,512 BOOK BASIS: $31,854,577 NET GAIN/(LOSS): $5,632,935 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $176,941 |
| 990-PF FOREIGN FILING FORMS DISCLOSURE | 990-PF FOREIGN FILING FORMS DISCLOSURE | Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. Form 5471 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information. FORM 8865 THE FOUNDATION HAS PREPARED THIS FORM TO THE BEST OF ITS ABILITY BASED ON THE LIMITED INFORMATION PROVIDED TO IT BY THE INVESTMENT ON WHICH THE FOUNDATION IS REPORTING AND ON THE BASIS OF HAVING RECEIVED NO INFORMATION TO THE CONTRARY. ANY MISSING OR INCOMPLETE INFORMATION IS DUE TO THE FOUNDATION'S INABILITY TO OBTAIN SUCH INFORMATION AND IS NOT A WILLFUL ATTEMPT TO WITHHOLD SUCH INFORMATION. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: SOUTHERN OPPORTUNITY AND RESILIENCE FUND TOTAL PRI AMOUNT SHOWN REPORTED ON FORM 990-PF, PART VI-B, LINE 5D-EXPENDITURE RESPONSIBILITY STATEMENT: $5,000,000 THE TOTAL PRI LOAN AMOUNT REPRESENTS THE AGGREGATE OF SEVERAL DISBURSEMENTS, LISTED BELOW, MADE UNDER A SINGLE PRI LOAN INSTRUMENT. DATES AND AMOUNTS OF PRI PAYMENTS: DATE OF PRI: 09/7/2021 AMOUNT: $784,618 DATE OF PRI: 10/13/2021 AMOUNT: $799,682 DATE OF PRI: 12/23/2021 AMOUNT: $148,934 DATE OF PRI: 03/1/2022 AMOUNT: $96,154 DATE OF PRI: 05/31/2022 AMOUNT: $3,170,612 PURPOSE OF PRI: LENDERS SEEK TO FACILITATE THE ECONOMIC RECOVERY OF SMALL BUSINESSES AND NONPROFITS THAT HAVE EXPERIENCED DIRECT ECONOMIC HARDSHIP AS A RESULT OF THE COVID-19 PANDEMIC THAT HAS MATERIALLY IMPACTED THEIR OPERATIONS, THEREBY ALLEVIATING POVERTY, PROMOTING THE CREATION AND RETENTION OF JOBS, COMBATTING COMMUNITY DETERIORATION, AND PROMOTING ECONOMIC REVITALIZATION OF DISTRESSED COMMUNITIES. REPORTS OF AMOUNTS EXPENDED: SOUTHERN OPPORTUNITY AND RESILIENCE FUND HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR THE FOLLOWING FISCAL YEARS: FYE: 12/31/21 DATE OF REPORT: 03/28/23 FYE: 12/31/22 DATE OF REPORT: 03/28/23 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 09/30/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
| FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY | PRI RECIPIENT: CALIFORNIA REBUILDING FUND, LLC TOTAL PRI AMOUNT SHOWN REPORTED ON FORM 990-PF, PART VI-B, LINE 5D-EXPENDITURE RESPONSIBILITY STATEMENT: $5,500,000 THE TOTAL PRI LOAN AMOUNT REPRESENTS THE AGGREGATE OF SEVERAL DISBURSEMENTS, LISTED BELOW, MADE UNDER A SINGLE PRI LOAN INSTRUMENT. DATES AND AMOUNTS OF PRI PAYMENTS: DATE OF PRI: 09/7/2021 AMOUNT: $322,564 DATE OF PRI: 9/21/2021 AMOUNT: $432,412 DATE OF PRI: 9/30/2021 AMOUNT: $916,671 DATE OF PRI: 10/5/2021 AMOUNT: $481,434 DATE OF PRI: 10/19/2021 AMOUNT: $566,686 DATE OF PRI: 11/02/2021 AMOUNT: $508,001 DATE OF PRI: 11/16/2021 AMOUNT: $404,426 DATE OF PRI: 11/30/2021 AMOUNT: $225,201 DATE OF PRI: 12/14/2021 AMOUNT: $88,802 DATE OF PRI: 01/12/2022 AMOUNT: $261,185 DATE OF PRI: 01/25/2022 AMOUNT: $223,932 DATE OF PRI: 02/08/2022 AMOUNT: $104,699 DATE OF PRI: 02/22/2022 AMOUNT: $94,894 DATE OF PRI: 03/08/2022 AMOUNT: $177,972 DATE OF PRI: 03/22/2022 AMOUNT: $387,713 DATE OF PRI: 05/03/2022 AMOUNT: $303,408 PURPOSE OF PRI: BORROWER IS SPONSORING A PUBLIC-PRIVATE PROGRAM THAT WILL USE THE PROCEEDS OF FUNDING PROVIDED BY FINANCIAL INSTITUTIONS, INCLUDING THE LENDERS, OTHER PRIVATE INVESTORS, THE STATE OF CALIFORNIA'S INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK AND PHILANTHROPIC INVESTORS AND DONORS FOR THE PURPOSE OF ADDRESSING THE CAPITAL NEEDS OF ELIGIBLE SMALL BUSINESSES OF CALIFORNIA, AS THEY RE-OPEN AND RECOVER FROM THE COVID-19 PANDEMIC. REPORTS OF AMOUNTS EXPENDED: CALIFORNIA REBUILDING FUND, LLC HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR THE FOLLOWING FISCAL YEARS: FYE: 12/31/21 DATE OF REPORT: 03/27/23 FYE: 12/31/22 DATE OF REPORT: 03/27/23 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 09/30/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| DODGE & COX FUNDS INTERNATIONA | $41,934,088 | $36,744,792 |
| PIMCO FUNDS TOTAL RETURN FUND | $132,872,873 | $103,000,654 |
| VANGUARD ESG US STOCK ETF | $176,710,533 | $166,326,616 |
| VANGUARD EXTENDED MARKET INDEX | $37,872,020 | $41,909,657 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| COMMUNITY EM CREDIT FUND I LP | $5,118,977 | $5,659,761 |
| COVID-19 EMERGING & FRONTIERS | $6,000,001 | $6,132,183 |
| ELEVAR INDIA V LP | $641,719 | $979,498 |
| FAIRVIEW FOUNDATIONS EMERGING | $5,637,487 | $8,662,147 |
| MRI - BORSKI FUND COPERATIEF | $1,313,381 | $917,349 |
| SEEDSTARS CAPITAL VCC | $317,262 | $276,332 |
| TRAIL MIX VENTURES FUND II LP | $2,992,493 | $3,161,339 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| PRI - CALIFORNIA REBUILDING FU | $5,500,000 | $5,500,000 |
| PRI - ROOT CAPITAL - 1.75% - 0 | $5,000,000 | $5,000,000 |
| PRI - SOUTHERN OPPORTUNITY AND | $5,000,000 | $5,000,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $173,400 | $173,400 | |
| Bank Charges | $30 | $30 | |
| Foundation Dues & Memberships | $90,050 | $90,050 | |
| K-1 Exp ELEVAR INDIA V LP | $58,281 | $58,274 | |
| K-1 Exp FAIRVIEW FOUNDATIONS E | $722,268 | $719,619 | |
| K-1 Exp TRAIL MIX VENTURES FUN | $281,152 | $281,152 | |
| Registered Agent Fee | $516 | $516 | |
| State or Local Filing Fees | $800 | $800 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| K-1 Inc/Loss COMMUNITY EM CREDIT FUND I LP (MRI) | $118,977 | $118,977 | |
| K-1 Inc/Loss FAIRVIEW FOUNDATIONS EMERGING MANAGER | $45,015 | $43,030 | |
| K-1 Inc/Loss TRAIL MIX VENTURES FUND II LP | $3,561 | $3,561 | |
| Interest Income from PRIS | $201,179 | $201,179 | $201,179 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT MANAGEMENT SERVICES | $873,381 | $873,381 | |
| Philanthropic Consulting Srvcs | $567,169 | $567,169 | |
| LOGO DESIGN | $2,975 | $2,975 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2022 | $140,100 |
| 990-PF Extension for 2021 | $65,700 |