THE SAN FRANCISCO FOUNDATION

EIN: 010679337 501(c)(3) Philanthropy & Grantmaking

SAN FRANCISCO, CA

Total Revenue
$358,598,652
Total Expenses
$254,652,764
Total Assets
$1,921,030,669
Net Assets
$1,800,435,479
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
CA
Principal Officer
FRED BLACKWELL
Phone
4157338500
Tax Period
2024-07-01 to 2025-06-30

THE SAN FRANCISCO FOUNDATION, founded in 1948, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $358.6M in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103.9M, a strong 29% operating margin.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $229,420,001
Program Service Revenue $0
Investment Income $129,128,871
Other Revenue $49,780
TOTAL REVENUE $358,598,652

Expense Breakdown

Grants Paid $221,326,768
Salaries & Benefits $20,340,494
Fundraising Expenses $3,515,772
Program Expenses $242,136,730
Other Expenses $12,985,502
TOTAL EXPENSES $254,652,764

Year-over-Year Comparison

2024 2023 Change
Revenue $358,598,652 $200,001,839 +0.8%
Expenses $254,652,764 $236,282,932 +0.1%
Net Income $103,945,888 $-36,281,093 -3.9%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
122
Volunteers
50

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,426,643
Total Directors
15
$0
Key Employees
3
$1,091,444
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FRIEDMAN CHAIR 2.00
Officer Director
$0 $0 $0
DAVID IBNALE VICE-CHAIR 2.00
Officer Director
$0 $0 $0
KIMBERLY WICOFF TRUSTEE (THRU 11/11/24) 2.00
Director
$0 $0 $0
ABDI SOLTANI TRUSTEE 2.00
Director
$0 $0 $0
SERGIO GARCIA TRUSTEE 2.00
Director
$0 $0 $0
YVETTE RADFORD TRUSTEE 2.00
Director
$0 $0 $0
MOLLY FORD TRUSTEE 2.00
Director
$0 $0 $0
JUSTINA LAI TRUSTEE 2.00
Director
$0 $0 $0
JUSTIN STEELE TRUSTEE 2.00
Director
$0 $0 $0
ROBERT UYEKI TRUSTEE 2.00
Director
$0 $0 $0
MIGUEL BUSTOS TRUSTEE 2.00
Director
$0 $0 $0
HOLLY KERNAN TRUSTEE 2.00
Director
$0 $0 $0
LATEEFAH SIMON TRUSTEE (THRU 12/31/24) 2.00
Director
$0 $0 $0
KIMBERLY BRANDON TRUSTEE 2.00
Director
$0 $0 $0
PETER BRATT TRUSTEE 2.00
Director
$0 $0 $0
FRED BLACKWELL CEO 37.50
Officer
$567,457 $103,422 $670,879
SONJA VELEZ CFO 37.50
Officer
$362,991 $55,022 $418,013
GALEN MANESS COO 37.50
Officer
$291,108 $46,643 $337,751
JUDITH BELL CIO 37.50
Key Emp
$321,806 $75,339 $397,145
VALERIE GOODE CHIEF MARKETING OFFICER 37.50
Key Emp
$292,504 $75,850 $368,354
REHANA ABBAS CPO 37.50
Key Emp
$292,503 $33,442 $325,945
RAQUIBA LABRIE VP, PROGRAMS 37.50
Highest
$243,419 $44,676 $288,095
KHANH RUSSO VP, POLICY/INNOVATION (THRU 6/5/25) 37.50
Highest
$243,419 $38,226 $281,645
MICHAEL BANKERT CONTROLLER 37.50
Highest
$219,721 $50,860 $270,581
AYANNA REED VP, HR & ADMINISTRATION 37.50
Highest
$219,360 $60,128 $279,488
SENGSOUVANH S LESHNICK SR. DIR., STRATEGIC LEARNING & EVAL. 37.50
Highest
$201,421 $63,827 $265,248
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $358,598,652 $254,652,764 $1,921,030,669 $103,945,888
2024 No data No data No data No data
2023 $159,316,562 $212,475,588 $1,718,316,930 $-53,159,026
2022 $297,436,709 $270,104,827 $1,634,801,767 $27,331,882
2021 $318,173,727 $200,326,726 $1,912,451,253 $117,847,001
2020 $341,484,551 $254,307,023 $1,529,601,920 $87,177,528
2019 $190,328,961 $196,618,739 $1,517,425,708 $-6,289,778
2018 $174,798,823 $180,415,135 $1,518,812,345 $-5,616,312
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