The San Francisco Foundation mobilizes resources and acts as a catalyst for change to build strong communities, foster civic leadership, and promote philanthropy.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 50 volunteers and 122 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $41.1M a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $1.86B in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $1.86B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$120.6M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$358.6M
+79% vs prior year
Spent
$254.7M
To programs
95%
Net assets
$1.8B
By yearFY2020–FY2025
Revenue
$358.6M
FY2025▲ +79%
Tap a bar for its year
Revenue by fiscal year
FY2020$341.5M
FY2021$318.2M
FY2022$297.4M
FY2023$159.3M
FY2024$200.0M
FY2025$358.6M
Expenses
$254.7M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$254.3M
FY2021$200.3M
FY2022$270.1M
FY2023$212.5M
FY2024$236.3M
FY2025$254.7M
Net assets
$1.8B
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4B
FY2021$1.8B
FY2022$1.5B
FY2023$1.6B
FY2024$1.6B
FY2025$1.8B

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $242.1M Management & general 4% · $9.0M Fundraising 1% · $3.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$567,457Pt VII · Sec A
$362,991Pt VII · Sec A
$321,806Pt VII · Sec A
Chief Marketing Officer
$292,504Pt VII · Sec A
$292,503Pt VII · Sec A
$291,108Pt VII · Sec A
VP, Programs
$243,419Pt VII · Sec A
VP, Policy/Innovation (thru 6/5/25)
$243,419Pt VII · Sec A

Fred Blackwell’s $567K as CEO is at the 63rd percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Fred Blackwell$567,457$496,241$490,079$477,907$471,263$464,590
Sonja Velez$362,991$335,566$325,702$321,937$310,708$303,477
Judith Bell$321,806$310,417$303,739$300,219$290,561$272,206
Galen Maness$291,108$316,473$301,718$286,114$211,193—
Valerie Goode$292,504$271,168$232,102$221,850$225,000—
Rehana Abbas$292,503$284,087$282,860———
Dee Dee Brantley————$288,405—
Idelia Brantley—————$283,468

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The San Francisco Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Mobilizes resources, provides grants, and advocates for policies to advance racial equity, economic inclusion, and strong communities in the San Francisco Bay Area.

Questions for The San Francisco Foundation

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Provided by the organization

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1 program · $242.1M · in their own filed words · FY2024
01

Through the generosity of donors, past and present, the foundation funds approximately 3,200 non-profit organizations in the bay area and across the country each year, working on a broad range of charitable purposes in response to the ever-changing needs of our communities.

$242.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Grants paid · 9,242 grants · $1.2B · 2019–2024
See all 9,242 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$358.6M
Ln 12
Gifts and grantsLn 1h$229.4M
Investment incomeLn 3$129.1M
Other incomeLn 4–11$50K
Money outPt IX
$254.7M
Ln 25
Programscol B$242.1M
Managementcol C$9.0M
Fundraisingcol D$3.5M
Owns and owesPt X
$1.8B
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$1.9B
LiabilitiesLn 26$120.6M
PeoplePt VI, VII
26
listed · VII A
PaidVII A11
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$229.4M
Noncash giftsLn 1g$75.5M
Investment incomeLn 3$129.1M
Other incomeLn 4–11$50K
Gains on assetsLn 7$100.3M
Total revenueLn 12$358.6M
Assets in detailPt X, end of year
SavingsLn 2$5.7M
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$1.86B
Land, buildings, equipmentLn 10c$135K
Other assetsLn 15$38.9M
Total assetsLn 16$1.9B
LiabilitiesLn 26$120.6M
Net assetsLn 32$1.8B
OperationsPt I, VI
EmployeesI 5122
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.0M$5.7M
InvestmentsLn 11–13$1.68B$1.86B
Land, buildings, equipmentLn 10c$145K$135K
Total assetsLn 16$1.74B$1.92B
LiabilitiesLn 26$121.3M$120.6M
Net assetsLn 32$1.62B$1.80B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$221.0M$221.0M
Grants to domestic individualsLn 2$228K$228K
Grants and assistance to foreign recipientsLn 3$129K$129K
Pay of current officers, directors and key staffLn 5$2.6M$700K$1.5M$407K
Other salaries and wagesLn 7$13.6M$8.0M$4.0M$1.6M
Pension plan contributionsLn 8$1.1M$652K$302K$129K
Other employee benefitsLn 9$1.9M$1.2M$569K$194K
Payroll taxesLn 10$1.1M$622K$349K$134K
Legal feesLn 11b$153K$105K$42K$6K
Accounting feesLn 11c$204K$204K
Investment management feesLn 11f$3.9M$3.7M$116K$39K
Other fees for servicesLn 11g$3.1M$2.7M$113K$382K
Advertising and promotionLn 12$250K$156K$56K$39K
Office expensesLn 13$59K$6K$49K$4K
OccupancyLn 16$1.4M$829K$460K$158K
TravelLn 17$249K$158K$68K$23K
Conferences, conventions and meetingsLn 19$163K$102K$48K$12K
Depreciation, depletion and amortizationLn 22$104K$68K$27K$9K
InsuranceLn 23$193K$37K$149K$7K
Other expenses (24a–d)Ln 24$2.7M$1.6M$708K$326K
All other expensesLn 24e$477K$195K$246K$36K
Total functional expensesLn 25$254.7M$242.1M$9.0M$3.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $358.6M$254.7M$103.9M$1.8B 990 PDF
FY2024 $200.0M$236.3M−$36.3M$1.6B 990 PDF
FY2023 $159.3M$212.5M−$53.2M$1.6B 990 PDF
FY2022 $297.4M$270.1M$27.3M$1.5B 990 PDF
FY2021 $318.2M$200.3M$117.8M$1.8B 990 PDF
FY2020 $341.5M$254.3M$87.2M$1.4B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $358,598,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,210,695$229,420,001
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $87,631,255$129,128,871
I-11 Other revenuePrior year $159,889$49,780
I-12 Total revenuePrior year $200,001,839$358,598,652
I-13 Grants and similar amounts paidPrior year $203,531,572$221,326,768
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,118,972$20,340,494
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,632,388$12,985,502
I-18 Total expensesPrior year $236,282,932$254,652,764
I-19 Revenue less expensesPrior year −$36,281,093$103,945,888
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $358,598,652 across 7 lines filed
VIII-1f All other contributions, gifts and grants$229,420,001
VIII-1g Noncash contributions (included above)$75,540,189
VIII-1h Total contributions, gifts and grants$229,420,001
VIII-3 Investment incomeUnrelated business $387,169 · Excluded from tax $28,435,138$28,822,307
VIII-7 Net gain or loss on sales of assetsExcluded from tax $100,306,564$100,306,564
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49,780$49,780
VIII-12 Total revenueRelated to mission $49,780 · Unrelated business $387,169 · Excluded from tax $128,741,702$358,598,652
Part IX · Statement of functional expenses $254,652,764 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $220,969,768$220,969,768
IX-2 Grants to domestic individualsPrograms $228,000$228,000
IX-3 Grants and assistance to foreign recipientsPrograms $129,000$129,000
IX-5 Pay of current officers, directors and key staffPrograms $699,792 · Management $1,516,346 · Fundraising $406,708$2,622,846
IX-7 Other salaries and wagesPrograms $7,998,603 · Management $3,977,435 · Fundraising $1,612,272$13,588,310
IX-8 Pension plan contributionsPrograms $652,323 · Management $301,699 · Fundraising $129,330$1,083,352
IX-9 Other employee benefitsPrograms $1,178,570 · Management $568,993 · Fundraising $193,873$1,941,436
IX-10 Payroll taxesPrograms $621,931 · Management $349,072 · Fundraising $133,547$1,104,550
IX-11b Legal feesPrograms $105,320 · Management $42,289 · Fundraising $5,535$153,144
IX-11c Accounting feesManagement $204,135$204,135
IX-11f Investment management feesPrograms $3,706,069 · Management $115,815 · Fundraising $38,605$3,860,489
IX-11g Other fees for servicesPrograms $2,654,594 · Management $112,848 · Fundraising $381,599$3,149,041
IX-12 Advertising and promotionPrograms $155,545 · Management $56,087 · Fundraising $38,506$250,138
IX-13 Office expensesPrograms $6,006 · Management $48,599 · Fundraising $4,287$58,892
IX-16 OccupancyPrograms $829,034 · Management $459,790 · Fundraising $158,208$1,447,032
IX-17 TravelPrograms $158,359 · Management $68,017 · Fundraising $22,750$249,126
IX-19 Conferences, conventions and meetingsPrograms $102,110 · Management $48,401 · Fundraising $12,015$162,526
IX-22 Depreciation, depletion and amortizationPrograms $67,792 · Management $27,117 · Fundraising $9,387$104,296
IX-23 InsurancePrograms $36,721 · Management $149,462 · Fundraising $7,087$193,270
IX-24 Other expenses (24a–d)Programs $1,642,260 · Management $708,184 · Fundraising $326,283$2,676,727
IX-24e All other expensesPrograms $194,933 · Management $245,973 · Fundraising $35,780$476,686
IX-25 Total functional expensesPrograms $242,136,730 · Management $9,000,262 · Fundraising $3,515,772$254,652,764
Part X · Balance sheet $1,921,030,669 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,973,214$5,690,976
X-3 Pledges and grants receivableStart of year $4,169,348$10,614,032
X-4 Accounts receivableStart of year $3,708,548$4,805,724
X-9 Prepaid expenses and deferred chargesStart of year $264,360$262,013
X-10c Land, buildings and equipment, netStart of year $145,052$134,669
X-11 Publicly traded securitiesStart of year $1,196,453,703$1,461,813,594
X-12 Other securitiesStart of year $426,338,755$335,661,263
X-13 Program-related investmentsStart of year $60,450,631$63,193,370
X-15 Other assetsStart of year $43,043,899$38,855,028
X-16 Total assetsStart of year $1,736,547,510$1,921,030,669
X-17 Accounts payable and accrued expensesStart of year $2,264,934$2,357,951
X-18 Grants payableStart of year $25,153,462$23,759,040
X-25 Other liabilitiesStart of year $93,870,783$94,478,199
X-26 Total liabilitiesStart of year $121,289,179$120,595,190
X-27 Net assets without donor restrictionsStart of year $647,472,435$706,628,616
X-28 Net assets with donor restrictionsStart of year $967,785,896$1,093,806,863
X-32 Total net assets or fund balancesStart of year $1,615,258,331$1,800,435,479
X-33 Total liabilities and net assetsStart of year $1,736,547,510$1,921,030,669
Part XI · Reconciliation of net assets $1,800,435,479 net assets at year end
XI-1 Total revenue$358,598,652
XI-2 Total expenses$254,652,764
XI-3 Revenue less expenses$103,945,888
XI-4 Net assets at start of year$1,615,258,331
XI-5 Net unrealized gains (losses) on investments$86,268,882
XI-9 Other changes in net assets−$5,037,622
XI-10 Net assets at end of year$1,800,435,479

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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