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Nonprofiteer
← SAN FRANCISCO FOUNDATION

Form 990 for tax year 2024

Filed by SAN FRANCISCO FOUNDATION.

Totals

Total revenue
$358,598,652
Total expenses
$254,652,764
Contributions and grants received
$229,420,001
Grants paid
$221,326,768
Program service revenue
$0
Investment income
$129,128,871
Other revenue
$49,780
Total assets, end of year
$1,921,030,669
Total liabilities, end of year
$120,595,190
Net assets or fund balances, end of year
$1,800,435,479
Program services expenses (Part IX)
$242,136,730
Management and general expenses
$9,000,262
Fundraising expenses
$3,515,772
Program service expenses (Part III)
$242,136,730

Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $229,420,001

  • 1g · Noncash contributions included above

    $75,540,189

  • 3 · Investment income

    total $28,822,307 · unrelated business $387,169 · excluded $28,435,138

  • 7a · Gross sales of assets other than inventory

    securities $323,867,644

  • 7b · Less cost or other basis and sales expenses

    securities $223,561,080

  • 7c · Gain or loss

    securities $100,306,564

  • 7d · Net gain or loss

    total $100,306,564 · excluded $100,306,564

  • 11a · Other revenue: REIMBURSEMENT/OTHER

    total $36,354 · related or exempt $36,354

  • 11b · Other revenue: UBIT REFUND

    total $13,426 · related or exempt $13,426

  • 11e · Other revenue, total

    $49,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,969,768 · program services $220,969,768

  • 2 · Grants to domestic individuals

    total $228,000 · program services $228,000

  • 3 · Grants to foreign organizations and individuals

    total $129,000 · program services $129,000

  • 5 · Compensation of officers, directors and key employees

    total $2,622,846 · program services $699,792 · management and general $1,516,346 · fundraising $406,708

  • 7 · Other salaries and wages

    total $13,588,310 · program services $7,998,603 · management and general $3,977,435 · fundraising $1,612,272

  • 8 · Pension plan contributions

    total $1,083,352 · program services $652,323 · management and general $301,699 · fundraising $129,330

  • 9 · Other employee benefits

    total $1,941,436 · program services $1,178,570 · management and general $568,993 · fundraising $193,873

  • 10 · Payroll taxes

    total $1,104,550 · program services $621,931 · management and general $349,072 · fundraising $133,547

  • 11b · Fees: legal

    total $153,144 · program services $105,320 · management and general $42,289 · fundraising $5,535

  • 11c · Fees: accounting

    total $204,135 · management and general $204,135

  • 11f · Fees: investment management

    total $3,860,489 · program services $3,706,069 · management and general $115,815 · fundraising $38,605

  • 11g · Fees: other

    total $3,149,041 · program services $2,654,594 · management and general $112,848 · fundraising $381,599

  • 12 · Advertising and promotion

    total $250,138 · program services $155,545 · management and general $56,087 · fundraising $38,506

  • 13 · Office expenses

    total $58,892 · program services $6,006 · management and general $48,599 · fundraising $4,287

  • 16 · Occupancy

    total $1,447,032 · program services $829,034 · management and general $459,790 · fundraising $158,208

  • 17 · Travel

    total $249,126 · program services $158,359 · management and general $68,017 · fundraising $22,750

  • 19 · Conferences, conventions and meetings

    total $162,526 · program services $102,110 · management and general $48,401 · fundraising $12,015

  • 22 · Depreciation, depletion and amortization

    total $104,296 · program services $67,792 · management and general $27,117 · fundraising $9,387

  • 23 · Insurance

    total $193,270 · program services $36,721 · management and general $149,462 · fundraising $7,087

  • 24a · Other expenses: EQUIPMENT RENTAL/MAINT.

    total $1,851,574 · program services $1,202,648 · management and general $482,056 · fundraising $166,870

  • 24b · Other expenses: CONVENING/SPECIAL EVENT

    total $462,393 · program services $192,665 · management and general $129,796 · fundraising $139,932

  • 24c · Other expenses: PRINTING & PUBLICATIONS

    total $184,300 · program services $135,699 · management and general $29,410 · fundraising $19,191

  • 24d · Other expenses: TEMPORARY STAFFING

    total $178,460 · program services $111,248 · management and general $66,922 · fundraising $290

  • 24e · All other expenses

    total $476,686 · program services $194,933 · management and general $245,973 · fundraising $35,780

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,973,214 · end of year $5,690,976

  • 3 · Pledges and grants receivable

    beginning of year $4,169,348 · end of year $10,614,032

  • 4 · Accounts receivable

    beginning of year $3,708,548 · end of year $4,805,724

  • 9 · Prepaid expenses and deferred charges

    beginning of year $264,360 · end of year $262,013

  • 10a · Land, buildings and equipment: cost or other basis

    $5,564,745

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,430,076

  • 10c · Land, buildings and equipment, net

    beginning of year $145,052 · end of year $134,669

  • 11 · Investments: publicly traded securities

    beginning of year $1,196,453,703 · end of year $1,461,813,594

  • 12 · Investments: other securities

    beginning of year $426,338,755 · end of year $335,661,263

  • 13 · Investments: program-related

    beginning of year $60,450,631 · end of year $63,193,370

  • 15 · Other assets

    beginning of year $43,043,899 · end of year $38,855,028

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,264,934 · end of year $2,357,951

  • 18 · Grants payable

    beginning of year $25,153,462 · end of year $23,759,040

  • 25 · Other liabilities

    beginning of year $93,870,783 · end of year $94,478,199

  • 27 · Net assets without donor restrictions

    beginning of year $647,472,435 · end of year $706,628,616

  • 28 · Net assets with donor restrictions

    beginning of year $967,785,896 · end of year $1,093,806,863

Mission and programs · 2024

Mission

THE SAN FRANCISCO FOUNDATION MOBILIZES RESOURCES AND ACTS AS A CATALYST FOR CHANGE TO BUILD STRONG COMMUNITIES, FOSTER CIVIC LEADERSHIP, AND PROMOTE PHILANTHROPY.

Activities or mission (Part I)

TO MOBILIZE RESOURCES TO BUILD STRONG COMMUNITIES, FOSTER CIVIC LEADERSHIP & PROMOTE PHILANTHROPY.

  • 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. WITH ITS PROGRAMMATIC GRANTMAKING, THE FOUNDATION WORKS TO ENSURE THAT ALL PEOPLE IN THE BAY AREA ARE ECONOMICALLY SECURE, ROOTED IN VIBRANT COMMUNITIES, AND HAVE A VOICE IN THE DECISIONS THAT IMPACT THEM.

    Expenses $242,136,730 · Grants $221,326,768 · Revenue $49,780

As filed on the 2024 return.

Listed in Part VII

  • Robert Friedman

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • David Ibnale

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Wicoff

    TRUSTEE (THRU 11/11/24)

    Total calculated
    $0
    Hours/week
    2
  • Abdi Soltani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Sergio Garcia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Yvette Radford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Molly Ford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Justina Lai

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Justin Steele

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robert Uyeki

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Miguel Bustos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Holly Kernan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Lateefah Simon

    TRUSTEE (THRU 12/31/24)

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Brandon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Peter Bratt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Fred Blackwell

    CEO

    Total calculated
    $670,879
    From this org
    $567,457
    From related orgs
    $0
    Other
    $103,422
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $567,457
    Bonus
    $0
    Other
    $0
    Deferred
    $62,157
    Nontaxable benefits
    $41,265
    Filer's total
    $670,879
  • Sonja Velez

    CFO

    Total calculated
    $418,013
    From this org
    $362,991
    From related orgs
    $0
    Other
    $55,022
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $362,991
    Bonus
    $0
    Other
    $0
    Deferred
    $40,069
    Nontaxable benefits
    $14,953
    Filer's total
    $418,013
  • Galen Maness

    COO

    Total calculated
    $337,751
    From this org
    $291,108
    From related orgs
    $0
    Other
    $46,643
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $291,108
    Bonus
    $0
    Other
    $0
    Deferred
    $31,959
    Nontaxable benefits
    $14,684
    Filer's total
    $337,751
  • Judith Bell

    CIO

    Total calculated
    $397,145
    From this org
    $321,806
    From related orgs
    $0
    Other
    $75,339
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $321,806
    Bonus
    $0
    Other
    $0
    Deferred
    $35,608
    Nontaxable benefits
    $39,731
    Filer's total
    $397,145
  • Valerie Goode

    CHIEF MARKETING OFFICER

    Total calculated
    $368,354
    From this org
    $292,504
    From related orgs
    $0
    Other
    $75,850
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $292,504
    Bonus
    $0
    Other
    $0
    Deferred
    $32,366
    Nontaxable benefits
    $43,484
    Filer's total
    $368,354
  • Rehana Abbas

    CPO

    Total calculated
    $325,945
    From this org
    $292,503
    From related orgs
    $0
    Other
    $33,442
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $292,503
    Bonus
    $0
    Other
    $0
    Deferred
    $32,366
    Nontaxable benefits
    $1,076
    Filer's total
    $325,945
  • Raquiba Labrie

    VP, PROGRAMS

    Total calculated
    $288,095
    From this org
    $243,419
    From related orgs
    $0
    Other
    $44,676
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $243,419
    Bonus
    $0
    Other
    $0
    Deferred
    $26,950
    Nontaxable benefits
    $17,726
    Filer's total
    $288,095
  • Khanh Russo

    VP, POLICY/INNOVATION (THRU 6/5/25)

    Total calculated
    $281,645
    From this org
    $243,419
    From related orgs
    $0
    Other
    $38,226
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $243,419
    Bonus
    $0
    Other
    $0
    Deferred
    $26,950
    Nontaxable benefits
    $11,276
    Filer's total
    $281,645
  • Michael Bankert

    CONTROLLER

    Total calculated
    $270,581
    From this org
    $219,721
    From related orgs
    $0
    Other
    $50,860
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $219,721
    Bonus
    $0
    Other
    $0
    Deferred
    $24,312
    Nontaxable benefits
    $26,548
    Filer's total
    $270,581
  • Ayanna Reed

    VP, HR & ADMINISTRATION

    Total calculated
    $279,488
    From this org
    $219,360
    From related orgs
    $0
    Other
    $60,128
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $219,360
    Bonus
    $0
    Other
    $0
    Deferred
    $24,063
    Nontaxable benefits
    $36,065
    Filer's total
    $279,488
  • Sengsouvanh S Leshnick

    SR. DIR., STRATEGIC LEARNING & EVAL.

    Total calculated
    $265,248
    From this org
    $201,421
    From related orgs
    $0
    Other
    $63,827
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $201,421
    Bonus
    $0
    Other
    $0
    Deferred
    $22,303
    Nontaxable benefits
    $41,524
    Filer's total
    $265,248

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER UNITRUST (13)

    T · INVESTMENTS · CA · controlled entity

    Directly controlled by THE SAN FRANCISCO FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611329349304731

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