philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Glide Legacy Fund FY2020 filing

San Francisco, CAUnknown exempt organization EIN 83-1198943Revenue $2.1M in FY2020

On file with the IRS330 Ellis Street 4th Floor · San Francisco, CA

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Glide Legacy Fund was created to help create a radically inclusive, just and loving community mobilized to alleviate suffering and break cycles of poverty and marginalization, and serve a diverse cross-section of homeless, low-income and marginalized populations with a suite of programs, including but not limited to, daily free meals, housing assistance, domestic violence counseling and abatement, substance abuse recovery, childcare, afterschool and summer programs for k-5, a family resource center, HIV/hep-c outreach and prevention, a drop-in legal clinic, and access to primary and mental health care, all within the meaning of section 501(c)(3).

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $5.4M a year · 178% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $10.1M in investments, Pt X · Ln 11–13
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $1.1M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$2.6M
To programs
96%
Net assets
$11.0M
By yearFY2020–FY2021
Revenue
$2.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$3.9M
Expenses
$2.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$14.2M
Net assets
$11.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$11.0M
FY2021$0

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.5M Management & general 4% · $101K Fundraising 0% · $5K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Malcom Walter
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Glide Legacy Fund executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Provides meals, housing, counseling, and healthcare to alleviate suffering and break poverty cycles.

Questions for Glide Legacy Fund

Tap to ask. Glide Legacy Fund sees how many people are interested.

Your first name shows with your question. Glide Legacy Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $2.5M · in their own filed words · FY2019
01

In 2018, the board of trustees of the glide foundation (the "foundation") made an $11,000,000 grant to GLF for the purpose of GLF establishing a board designated endowment known as the glide program fund, which shall be used by GLF to help create a radically inclusive, just and loving community mobilized to alleviate suffering and break…

$2.5Mprogram 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 · FY2020
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2020$1.0M
National Philanthropic TrustFY2020$100K
Fidelity Investments Charitable Gift FundFY2020$11K
Total grants receivedfrom 3 funders$1.1M
See all 3 funders →
Grants paid · 2 grants · $16.6M · 2019–2020
Glide FoundationCA · FY2020$14,087,203
Glide FoundationCA · FY2019$2,470,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$795K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.5M
Managementcol C$101K
Fundraisingcol D$5K
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$769K
Total assetsLn 16$11.1M
LiabilitiesLn 26$5K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$46K
Investment incomeLn 3$795K
Gains on assetsLn 7$549K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$734K
Cash and savings togetherLn 1–2$769K
InvestmentsLn 11–13$10.1M
Total assetsLn 16$11.1M
LiabilitiesLn 26$5K
Net assetsLn 32$11.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$769K
InvestmentsLn 11–13$11.1M$10.1M
Total assetsLn 16$12.4M$11.1M
LiabilitiesLn 26$0$5K
Net assetsLn 32$12.4M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.5M$2.5M
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$35K$35K
Other fees for servicesLn 11g$28K$23K$5K
Office expensesLn 13$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$2.6M$2.5M$101K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $3.9M$14.2M−$10.3M$0 990 PDF
FY2020 Viewing $2.1M$2.6M−$437K$11.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,138,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,823,359$1,343,627
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $294,625$795,314
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $12,117,984$2,138,941
I-13 Grants and similar amounts paidPrior year $0$2,470,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,190$105,744
I-18 Total expensesPrior year $60,190$2,575,744
I-19 Revenue less expensesPrior year $12,057,794−$436,803
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,138,941 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,343,627
VIII-1g Noncash contributions (included above)$45,724
VIII-1h Total contributions, gifts and grants$1,343,627
VIII-3 Investment incomeExcluded from tax $246,230$246,230
VIII-7 Net gain or loss on sales of assetsExcluded from tax $549,084$549,084
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $795,314$2,138,941
Part IX · Statement of functional expenses $2,575,744 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $2,470,000$2,470,000
IX-11b Legal feesManagement $4,563$4,563
IX-11c Accounting feesManagement $31,575$31,575
IX-11f Investment management feesManagement $34,832$34,832
IX-11g Other fees for servicesManagement $23,221 · Fundraising $4,770$27,991
IX-13 Office expensesManagement $2,597$2,597
IX-23 InsuranceManagement $3,105$3,105
IX-24 Other expenses (24a–d)Management $1,081$1,081
IX-25 Total functional expensesPrograms $2,470,000 · Management $100,974 · Fundraising $4,770$2,575,744
Part X · Balance sheet $11,053,435 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,122,817$35,861
X-2 Savings and temporary cash investments$733,618
X-3 Pledges and grants receivableStart of year $185,747$156,271
X-4 Accounts receivable$33,000
X-11 Publicly traded securitiesStart of year $11,081,281$10,094,685
X-16 Total assetsStart of year $12,389,845$11,053,435
X-17 Accounts payable and accrued expenses$5,191
X-26 Total liabilitiesStart of year $0$5,191
X-27 Net assets without donor restrictionsStart of year $30,796$212,271
X-28 Net assets with donor restrictionsStart of year $12,359,049$10,835,973
X-32 Total net assets or fund balancesStart of year $12,389,845$11,048,244
X-33 Total liabilities and net assetsStart of year $12,389,845$11,053,435
Part XI · Reconciliation of net assets $11,048,244 net assets at year end
XI-1 Total revenue$2,138,941
XI-2 Total expenses$2,575,744
XI-3 Revenue less expenses−$436,803
XI-4 Net assets at start of year$12,389,845
XI-5 Net unrealized gains (losses) on investments−$904,798
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,048,244

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.