FENWICK COMMUNITY FUND

EIN: 872487558 501(c)(3) Philanthropy & Grantmaking

MOUNTAIN VIEW, CA

Total Revenue
$1,304,872
Total Expenses
$1,645,008
Total Assets
$1,984,077
Net Assets
$1,980,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
RICHARD DICKSON
Phone
6509888500
Tax Period
2024-01-01 to 2024-12-31

FENWICK COMMUNITY FUND, founded in 2021, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE FENWICK COMMUNITY FUND IS A PUBLIC BENEFIT COMMUNITY FOUNDATION CREATED ON SEPTEMBER 1, 2021 FOR THE BROAD-BASED PUBLIC BENEFIT THAT PROMOTES COLLECTIVE GIVING TO ORGANIZATIONS ADVANCING IMPORTANT SOCIETAL ISSUES SUCH AS ACCESS TO JUSTICE, RACIAL AND ECONOMIC EQUITY, FOOD SECURITY, DISASTER RELIEF, AND SLOWING CLIMATE CHANGE.

Program Service Accomplishments

Program 1
Expenses: $1,626,445

The Fenwick Community Fund (Fund or FCF) is a public benefit community foundation created on September 1, 2021 for the broad-based public benefit of residents in the Bay Area. The Fund is a...

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The Fenwick Community Fund (Fund or FCF) is a public benefit community foundation created on September 1, 2021 for the broad-based public benefit of residents in the Bay Area. The Fund is a membership-based entity. The members appoint the Funds board members. As of and during the period ended December 31, 2024, the only member is Fenwick & West, LLP. Substantially all the donations received into the Fund were from partners or employees of Fenwick & West, LLP.The Fund provides grants to other nonprofit organizations.The Fund operates a donor advised fund (DAF) program. The policies of the DAF program permit future grants for charitable purposes while maximizing the donors current tax benefits. The donor contributes money or securities to the Fund and may then recommend grants from the fund. Each partner of Fenwick & West LLP can establish a DAF fund at the Fund. The Fund accepts contributions of cash and securities. The Fund has the authority to liquidate any contribution in the manner and at a time selected in its own discretion. Unless otherwise agreed between FCF and the donor, FCF is not subject to any restriction or condition with respect to liquidating any contribution, including without limitation that the contribution be retained for any length of time prior to liquidation, that the contribution be liquidated or not liquidated immediately, or that the contribution be liquidated in any particular manner or sequence. All contributions to the DAF program are irrevocable gifts and must be made without any donor restrictions to the Fund. FCF has ultimate discretion and control over all property in the Fund. All contributions to the Fund are subject to the Funds variance power, which means that at all times the Fund retains full discretion and control and that the Fund is not bound by the grant recommendations of any advisor or donor as defined.

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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 $1,200,480
Program Service Revenue $0
Investment Income $104,392
Other Revenue $0
TOTAL REVENUE $1,304,872

Expense Breakdown

Grants Paid $1,626,445
Salaries & Benefits $0
Fundraising Expenses $1,347
Program Expenses $1,626,445
Other Expenses $18,563
TOTAL EXPENSES $1,645,008

Year-over-Year Comparison

2024 2023 Change
Revenue $1,304,872 $1,306,044 0.0%
Expenses $1,645,008 $1,998,773 -0.2%
Net Income $-340,136 $-692,729 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODGER COLE President 1.00
Officer Director
$0 $0 $0
HILARIE ATKISSON Secretary 2.00
Officer Director
$0 $0 $0
RICHARD DICKSON Treasurer 1.00
Officer Director
$0 $0 $0
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
2024 $1,304,872 $1,645,008 $1,984,077 $-340,136
2023 $1,306,044 $1,998,773 $2,322,246 $-692,729
2022 $2,463,491 $3,714,928 $3,019,038 $-1,251,437
2021 $12,836,931 $8,571,642 $8,526,987 $4,265,289
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