To enhance and preserve a higher quality of life for communities by facilitating philanthropy for families, indivduals and nonprofits.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 5
filings with a surplus
Average deficit $105K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $17.5M in investments, Pt X · Ln 11–13
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+29% vs prior year
Spent
$1.1M
To programs
81%
Net assets
$13.9M
By yearFY2021–FY2025
Revenue
$1.2M
FY2025▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2021$429K
FY2022$669K
FY2023$1.0M
FY2024$906K
FY2025$1.2M
Expenses
$1.1M
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2021$655K
FY2022$856K
FY2023$895K
FY2024$1.2M
FY2025$1.1M
Net assets
$13.9M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$12.8M
FY2022$12.4M
FY2023$12.1M
FY2024$13.1M
FY2025$13.9M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1995.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $886K Management & general 17% · $188K Fundraising 1% · $13K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Legacy Endowment-The Community 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

Facilitates philanthropy for families, individuals, and nonprofits to improve community quality of life.

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Provided by the organization

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2 programs · $770K · in their own filed words · FY2024
01

The foundation makes grants from the various endowments, donor-advised, special projects and pass-thru funds that it holds. Legacy ENDOWMENT...THE community foundation is committed to improving the quality of life in the fallbrook and greater san diego area by supporting local charities in the following areas: ARTS/CULTURE…

$710Kprogram expense
02

The foundation grants scholarships for students attending institutions of higher education and VOCATION/TECHNICAL education institutions. All scholarships are paid directly to the educational institution.

$61Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$5K
Grants paid · 120 grants · $3.1M · 2020–2024
Fallbrook Music Society INCCA · FY2024$62,545
Cabin by the Lake INCCA · FY2024$50,000
Elizabeth HospiceFY2024$49,243
University of RedlandsCA · FY2024$17,635
Son Rise Christian FellowshipFY2024$17,635
The Salvation ArmyGA · FY2024$17,635
Fallbrook Land ConservancyCA · FY2024$16,225
The Huntington LibraryFY2024$10,328
See all 120 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$929K
Other incomeLn 4–11$201K
Gifts and grantsLn 1h$44K
Money outPt IX
$1.1M
Ln 25
Programscol B$886K
Managementcol C$188K
Fundraisingcol D$13K
Owns and owesPt X
$13.9M
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$17.6M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Investment incomeLn 3$929K
Other incomeLn 4–11$201K
Gains on assetsLn 7$595K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$150K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$17.5M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$17.6M
LiabilitiesLn 26$3.7M
Net assetsLn 32$13.9M
OperationsPt I, VI
EmployeesI 52
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$92K$150K
InvestmentsLn 11–13$14.0M$17.5M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$14.1M$17.6M
LiabilitiesLn 26$966K$3.7M
Net assetsLn 32$13.1M$13.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$770K$770K
Other salaries and wagesLn 7$100K$4K$92K$4K
Payroll taxesLn 10$8K$331$8K$331
Accounting feesLn 11c$64K$3K$59K$3K
Investment management feesLn 11f$99K$99K
Advertising and promotionLn 12$18K$4K$11K$4K
Office expensesLn 13$16K$5K$9K$2K
OccupancyLn 16$8K$330$8K$330
TravelLn 17$84$84
InterestLn 20$130$5$120$5
Depreciation, depletion and amortizationLn 22$239$239
InsuranceLn 23$3K$272$3K$161
Total functional expensesLn 25$1.1M$886K$188K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.1M$86K$13.9M 990 PDF
FY2024 $906K$1.2M−$330K$13.1M 990 PDF
FY2023 $1.0M$895K$132K$12.1M 990 PDF
FY2022 $669K$856K−$188K$12.4M 990 PDF
FY2021 $429K$655K−$226K$12.8M 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,173,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $228,169$43,690
I-9 Program service revenue$0
I-10 Investment incomePrior year $508,392$928,982
I-11 Other revenuePrior year $169,846$200,810
I-12 Total revenuePrior year $906,407$1,173,482
I-13 Grants and similar amounts paidPrior year $938,486$770,493
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $127,579$108,035
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $170,587$208,702
I-18 Total expensesPrior year $1,236,652$1,087,230
I-19 Revenue less expensesPrior year −$330,245$86,252
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,173,482 across 6 lines filed
VIII-1f All other contributions, gifts and grants$43,690
VIII-1h Total contributions, gifts and grants$43,690
VIII-3 Investment incomeRelated to mission $49,887 · Excluded from tax $283,744$333,631
VIII-7 Net gain or loss on sales of assetsRelated to mission $595,351$595,351
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $200,810$200,810
VIII-12 Total revenueRelated to mission $846,048 · Excluded from tax $283,744$1,173,482
Part IX · Statement of functional expenses $1,087,230 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $770,493$770,493
IX-7 Other salaries and wagesPrograms $3,990 · Management $91,771 · Fundraising $3,990$99,751
IX-10 Payroll taxesPrograms $331 · Management $7,622 · Fundraising $331$8,284
IX-11c Accounting feesPrograms $2,560 · Management $58,879 · Fundraising $2,560$63,999
IX-11f Investment management feesPrograms $99,463$99,463
IX-12 Advertising and promotionPrograms $3,567 · Management $10,699 · Fundraising $3,566$17,832
IX-13 Office expensesPrograms $4,825 · Management $8,784 · Fundraising $1,909$15,518
IX-16 OccupancyPrograms $330 · Management $7,590 · Fundraising $330$8,250
IX-17 TravelManagement $84$84
IX-20 InterestPrograms $5 · Management $120 · Fundraising $5$130
IX-22 Depreciation, depletion and amortizationPrograms $239$239
IX-23 InsurancePrograms $272 · Management $2,754 · Fundraising $161$3,187
IX-25 Total functional expensesPrograms $886,075 · Management $188,303 · Fundraising $12,852$1,087,230
Part X · Balance sheet $17,610,126 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $91,533$149,805
X-10c Land, buildings and equipment, net$4,661
X-11 Publicly traded securitiesStart of year $13,969,151$17,455,660
X-16 Total assetsStart of year $14,108,589$17,610,126
X-17 Accounts payable and accrued expenses$5,545
X-25 Other liabilitiesStart of year $966,001$3,667,524
X-26 Total liabilitiesStart of year $966,001$3,673,069
X-28 Net assets with donor restrictionsStart of year $13,142,588$13,937,057
X-32 Total net assets or fund balancesStart of year $13,142,588$13,937,057
X-33 Total liabilities and net assetsStart of year $14,108,589$17,610,126
Part XI · Reconciliation of net assets $13,937,057 net assets at year end
XI-1 Total revenue$1,173,482
XI-2 Total expenses$1,087,230
XI-3 Revenue less expenses$86,252
XI-4 Net assets at start of year$13,142,588
XI-9 Other changes in net assets$708,217
XI-10 Net assets at end of year$13,937,057

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

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