501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2020 · Form 990-PFIndependent: 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-PF
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 $207.6M a year · 35% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $101K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0B
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$291.5M
Spent
$352.0M
Net assets
$9.7B
By yearFY2020–FY2025
Revenue
$291.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$291.5M
FY2021$648.6M
FY2022$929.7M
FY2023$370.2M
FY2024$505.6M
FY2025$767.4M
Expenses
$352.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$352.0M
FY2021$307.4M
FY2022$344.4M
FY2023$394.7M
FY2024$420.6M
FY2025$448.5M
Net assets
$9.7B
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.7B
FY2021$12.2B
FY2022$11.7B
FY2023$11.8B
FY2024$12.2B
FY2025$12.7B

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1954.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 7% · $23.5M Operating & administrative 93% · $328.6M

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

The filing lists no officers, directors or key staff.

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

NameFY2025FY2024
James M Williams—$2,384,105
Katherine E Fleming$2,045,637$1,942,360
Katharine Krieger$1,852,481$461,538
Barbara Jesuele$925,731$1,222,036
Benjamin Liou$840,838$1,116,070
David Hughes—$1,100,423
Steven a Olsen—$926,229
Lisa Lapin—$925,269

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.

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Programs and updates

A private foundation based in Los Angeles, CA.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 492 grants · $29.1M · 2024–2024
The Center for Cultural InnovationFY2024$10,909,326
National Trust for Historic Preservation in the United StatesFY2024$1,550,000
Center for Curatorial LeadershipFY2024$1,000,000
Max-Planck-Gesellschaft Zur Forderung Der Wissenschaften EvFY2024$846,226
James Cook UniversityFY2024$442,500
Individual RecipientFY2024$420,000
Board of Trustees of the Tate GalleryFY2024$408,850
New York UniversityFY2024$365,000
Rochester Institute of TechnologyFY2024$343,530
Ica LaFY2024$335,000
The University College LondonFY2024$331,667
Smithsonian InstitutionFY2024$310,000
College Art Association of America INCFY2024$304,000
School for Advanced ResearchFY2024$300,000
Individual RecipientFY2024$286,454
Emory UniversityFY2024$280,000
Amistad Research CenterFY2024$275,000
Csula Auxiliary Services INCFY2024$265,000
See all 492 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$59K
Median grantPart XV$8K
Largest grantPart XV$10.9M

By the numbers

The FY2020 990-PF, line by line.

1The main four
Money in
$291.5M
Investment income$203.9M
Other income$77.4M
Gifts and grants$10.2M
Money out
$352.0M
Grants paid$23.5M
Running costs$328.6M
Owns and owes
$9.7B
net assets
Cash and savings$203.9M
Total assets$10.8B
Liabilities$1.0B
2In more detail
Revenue in detail
Gifts and grants$10.2M
Investment income$203.9M
Other income$77.4M
Total revenue$291.5M
Assets in detailEnd of year
Cash and savings together$203.9M
Total assets$10.8B
Liabilities$1.0B
Net assets$9.7B
Operations
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $767.4M$448.5M$318.9M$12.7B 990 PDF
FY2024 $505.6M$420.6M$85.0M$12.2B 990 PDF
FY2023 $370.2M$394.7M−$24.4M$11.8B 990 PDF
FY2022 $929.7M$344.4M$585.3M$11.7B 990 PDF
FY2021 $648.6M$307.4M$341.2M$12.2B 990 PDF
FY2020 Viewing $291.5M$352.0M−$60.6M$9.7B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

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

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