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← DRISCOLL FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by DRISCOLL FAMILY FOUNDATION.

Totals

Total revenue
$1,042,885
Total expenses
$216,916
Contributions and grants received
$0
Grants paid
$70,000
Program service revenue
$0
Investment income
$1,042,885
Other revenue
$0
Total assets, end of year
$18,062,988
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,062,988
Program services expenses (Part IX)
$111,930
Management and general expenses
$104,986
Fundraising expenses
$0
Program service expenses (Part III)
$111,930

Program services were 51.6% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $992,018 · excluded $992,018

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $678,980

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

    securities $628,113

  • 7c · Gain or loss

    securities $50,867 · other assets $0

  • 7d · Net gain or loss

    total $50,867 · excluded $50,867

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,000 · program services $70,000

  • 11a · Fees: management

    total $83,860 · program services $41,930 · management and general $41,930

  • 11b · Fees: legal

    total $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $5,408 · management and general $5,408

  • 11f · Fees: investment management

    total $43,826 · management and general $43,826

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $301 · management and general $301

  • 19 · Conferences, conventions and meetings

    total $994 · management and general $994

  • 23 · Insurance

    total $7,407 · management and general $7,407

  • 24a · Other expenses: Bank & Credit Card Fees

    total $120 · management and general $120

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $112,790 · end of year $40,665

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,629,646 · end of year $18,022,323

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,573

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $15,739,863 · end of year $18,062,988

Mission and programs · 2024

Mission

THE DRISCOLL FAMILY FOUNDATION SUPPORTS CAUSES THAT PROMOTE EDUCATION, OCEAN ECOLOGY, YOUTH SAILING, and ANIMAL WELFARE, AS WELL AS LOCAL COMMUNITY SERVICES SUPPORTED BY SILICON VALLEY COMMUNITY FOUNDATION.

  • GENERAL NONPROFIT SUPPORT - General Nonprofit Support including support for scholarships, support for program operating budget to acquire assets and staff to facilitate identified programs, and support for program related educational seminars.

    Expenses $101,930 · Grants $60,000

  • The Foundation also provides grants to philanthropic and community based organizations to further programs rooted in education, youth development, and public safety.

    Expenses $10,000 · Grants $10,000

As filed on the 2024 return.

Listed in Part VII

  • Lindy Driscoll

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robin Driscoll

    President/Director

    Total calculated
    $0
    Hours/week
    2

  • Douglas Chance

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kia Sullivan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • William Terry

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Chanthi Lune

    Treasurer/Secretary

    Total calculated
    $542,491
    From this org
    $0
    From related orgs
    $493,848
    Other
    $48,643
    Hours/week
    0.5 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,128 related
    Bonus
    $0
    Other
    $0 + $720 related
    Deferred
    $0 + $47,030 related
    Nontaxable benefits
    $0 + $1,613 related
    Filer's total
    $0 + $542,491 related

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AEGIS RESERVE PARTNERS LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICONIQ ACCESS XLI LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICONIQ DC FUND I FEEDER (TE) LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE 2018 B LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE 2019 B LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CPE I-B LP

    N/A · Investment · CA

    Directly controlled by NA

  • ICQ CVC 2019 B LP

    N/A · Investment · CA

    Directly controlled by NA

  • Nydig Institutional Bitcoin Fund Lp

    N/A · INVESTMENT · DE

    Directly controlled by NA

Related corporations and trusts

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

  • Clearlake Opportunities Partners (E-Offshore) LP

    C Corporation · Investment

    Directly controlled by NA

  • Farallon Co-Investment Feeder Fund LP

    C Corporation · Investment

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
9 November 2025
IRS schema version
2024v5.1
Source object
202523139349300212

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