THE SAN DIEGO FOUNDATION

EIN: 952942582 501(c)(3) Philanthropy & Grantmaking

SAN DIEGO, CA

Total Revenue
$196,946,092
Total Expenses
$150,764,759
Total Assets
$1,651,991,058
Net Assets
$1,484,165,434
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CA
Principal Officer
MARK A STUART
Phone
6192352300
Tax Period
2024-07-01 to 2025-06-30

THE SAN DIEGO FOUNDATION, founded in 1975, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $196.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $46.2M, a strong 23% operating margin.

Mission

THE SAN DIEGO FOUNDATION INSPIRES ENDURING PHILANTHROPY AND ENABLES COMMUNITY SOLUTIONS TO IMPROVE THE QUALITY OF LIFE IN OUR REGION.

Program Service Accomplishments

Program 1
Expenses: $124,717,867 Revenue: $31,028,924

SINCE 1975, SAN DIEGO FOUNDATION HAS PROVIDED A PERMANENT AND GROWING SOURCE OF FUNDING TO NONPROFITS SERVING THE SAN DIEGO REGION. THANKS TO THE GENEROSITY OF DONORS, THE FOUNDATION GRANTS MILLIONS...

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SINCE 1975, SAN DIEGO FOUNDATION HAS PROVIDED A PERMANENT AND GROWING SOURCE OF FUNDING TO NONPROFITS SERVING THE SAN DIEGO REGION. THANKS TO THE GENEROSITY OF DONORS, THE FOUNDATION GRANTS MILLIONS OF DOLLARS ANNUALLY TO NONPROFIT ORGANIZATIONS ADDRESSING THE CHALLENGES AND NEEDS IN THE SAN DIEGO REGION BY USING THE HIGHEST LEVEL OF PHILANTHROPIC AND INVESTMENT EXPERTISE TO PROVIDE MAXIMUM IMPACT.SAN DIEGO FOUNDATION MAXIMIZES THE IMPACT OF CHARITABLE GIVING TO ENACT POSITIVE CHANGE IN OUR REGION. WE PARTNER WITH DONORS, NONPROFITS AND REGIONAL LEADERS TO CO-CREATE SOLUTIONS THAT RESPOND TO COMMUNITY NEEDS AND STRENGTHEN SAN DIEGO.WE MANAGE CHARITABLE FUNDS FOR HUNDREDS OF INDIVIDUALS, FAMILIES AND CORPORATIONS. A GIFT TO SAN DIEGO FOUNDATION PROVIDES MAXIMUM TAX DEDUCTIONS, OUTSTANDING INVESTMENT MANAGEMENT AND LOW ADMINISTRATIVE COSTS. WITH MORE THAN 50 YEARS SERVING THE COMMUNITY AND HUNDREDS OF ACTIVE PARTNERSHIPS AND COLLABORATIONS WITH BUSINESS, GOVERNMENT AND COMMUNITY LEADERS AND ORGANIZATIONS, WE ARE ABLE TO ASSESS CHANGING REGIONAL NEEDS AND TAKE ACTION ON SAN DIEGO'S MOST PRESSING CHALLENGES. WE GATHER THIS INFORMATION AND CREATE AN ONGOING UNDERSTANDING OF OUR REGION'S NEEDS AND PAIR IT WITH OUR DONORS' PASSIONS, VALUES AND INTEREST AREAS AND CONNECT THEM WITH NONPROFIT ORGANIZATIONS THAT OFFER SOLUTIONS.SAN DIEGO FOUNDATION ALLOWS INDIVIDUALS AND FAMILIES TO ESTABLISH CUSTOMIZED CHARITABLE FUNDS WITHOUT THE BURDEN OF TAX LIABILITIES AND ADMINISTRATIVE TASKS ASSOCIATED WITH SETTING UP A PRIVATE FOUNDATION. OUR BOARD OF GOVERNORS, COMPRISED OF PROFESSIONAL EXPERTS AND COMMUNITY LEADERS, AND OUR KNOWLEDGEABLE STAFF PROVIDE KEEN OVERSIGHT AND AN UNWAVERING COMMITMENT TO HONORING THE WISHES OF EACH DONOR.SAN DIEGO FOUNDATION'S PROGRAM AREAS ARE GUIDED BY OUR ORGANIZATIONAL VALUES. WE VALUE ALL PEOPLE, ALL PARTNERS, AND OUR REGION. WE ACT WITH INTEGRITY AND RESPECT FOR ONE ANOTHER AND THE COMMUNITIES WE SERVE, WE ENGAGE DIVERSE PERSPECTIVES TO FOSTER COLLABORATION AND INNOVATIVE SOLUTIONS, AND WE STRIVE FOR AN INCLUSIVE COMMUNITY WHERE EVERYONE HAS EQUITABLE ACCESS TO OPPORTUNITY.WE ADHERE TO A DEEPLY ETHICAL APPROACH TO PHILANTHROPY, ONE THAT HOLDS OURSELVES ACCOUNTABLE TO BEING A TRUSTWORTHY PARTNER AND TO APPROACHING OUR WORK WITH HUMILITY AND RESPECT FOR THE EXPERTISE OF THE COMMUNITIES WE SERVE AND OF THE GOVERNMENT, NONPROFIT, BUSINESS SECTORS AND INDIVIDUALS WITH WHOM WE COLLABORATE. WE WILL BE OPEN-MINDED, LEARN CONSTANTLY, LISTEN CAREFULLY TO DIFFERENT EXPERIENCES AND DIFFERENT PERSPECTIVES, BUILD STRONG AND DIVERSE COALITIONS, SUPPORT COMMUNITY ENGAGEMENT AND ENGAGE IN SHARED DECISION-MAKING. GRANT OPPORTUNITIES ARE OFFERED BY SAN DIEGO FOUNDATION, SAN DIEGO WOMEN'S FOUNDATION, POLICY & INNOVATION CENTER AND OUR SEVEN REGIONAL AFFILIATE FOUNDATIONS (4SRANCH-DEL SUR, CARLSBAD, CHULA VISTA, ESCONDIDO, OCEANSIDE, RAMONA, AND RANCHO BERNARDO).

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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 $82,853,230
Program Service Revenue $31,028,924
Investment Income $83,246,134
Other Revenue $-182,196
TOTAL REVENUE $196,946,092

Expense Breakdown

Grants Paid $98,736,561
Salaries & Benefits $16,822,911
Fundraising Expenses $3,820,348
Program Expenses $124,717,867
Other Expenses $35,205,287
TOTAL EXPENSES $150,764,759

Year-over-Year Comparison

2024 2023 Change
Revenue $196,946,092 $218,410,559 -0.1%
Expenses $150,764,759 $151,459,377 0.0%
Net Income $46,181,333 $66,951,182 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
131
Volunteers
105

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
7
$1,725,780
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM LUSTER CHAIR 2.00
Officer Director
$0 $0 $0
STEVEN KLOSTERMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
DR PRADEEP GIDWANI MD MPH SECRETARY 2.00
Officer Director
$0 $0 $0
CINDY J BERTRAND TREASURER 2.00
Officer Director
$0 $0 $0
ALESSANDRA LEZAMA GOVERNOR (THRU 6/25) 1.30
Director
$0 $0 $0
ALLEN YOUNG GOVERNOR 1.30
Director
$0 $0 $0
AMANDA MONTGOMERY GOVERNOR 1.30
Director
$0 $0 $0
AMINA SHEIK MOHAMAD GOVERNOR 1.30
Director
$0 $0 $0
CLIFFORD SCHIRESON GOVERNOR 1.30
Director
$0 $0 $0
DR BECKY PETITT GOVERNOR 1.30
Director
$0 $0 $0
ELVIN LAI GOVERNOR 1.30
Director
$0 $0 $0
GISELE BONITZ GOVERNOR 1.30
Director
$0 $0 $0
GLORIA CORRAL GOVERNOR 1.30
Director
$0 $0 $0
KEN DERRETT GOVERNOR 1.30
Director
$0 $0 $0
KEVIN HAMILTON GOVERNOR 1.30
Director
$0 $0 $0
LEENA GUPTA GOVERNOR 1.30
Director
$0 $0 $0
LIZA CRISAFI GOVERNOR 1.30
Director
$0 $0 $0
MEL KATZ GOVERNOR 1.30
Director
$0 $0 $0
P KAY COLEMAN GOVERNOR 1.30
Director
$0 $0 $0
RAFAEL CASTELLANOS GOVERNOR 1.30
Director
$0 $0 $0
RUDY JOHNSON GOVERNOR 1.30
Director
$0 $0 $0
MARK A STUART CFRE PRESIDENT & CEO 40.00
Officer
$641,727 $95,681 $737,408
JAMES HOWELL VP, CHIEF FINANCIAL OFFICER 40.00
Officer
$457,686 $66,340 $524,026
MATT FETTIG VP, CHIEF INVESTMENT OFFICER 40.00
Officer
$407,606 $56,740 $464,346
SUSAN L GUINN CHIEF INNOVATION OFFICER 40.00
Highest
$670,117 $104,003 $774,120
BRIAN ZUMBANO VP, DEVELOPMENT & STEWARDS 40.00
Highest
$372,131 $62,374 $434,505
PAMELA G PAYTON VP CHIEF IMPACT & PARTNERSHIPS OFFICER 40.00
Highest
$293,295 $49,844 $343,139
THERESA NAKATA VP, CHIEF COMMUNICATIONS OFFICER 40.00
Highest
$287,181 $35,552 $322,733
KELLY FEUILLET AVP OF FINANCE, CONTROLLER 40.00
Highest
$268,930 $36,987 $305,917
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 $196,946,092 $150,764,759 $1,651,991,058 $46,181,333
2024 No data No data No data No data
2023 $268,696,192 $159,687,256 $1,449,190,327 $109,008,936
2022 $283,565,373 $179,913,602 $1,298,825,008 $103,651,771
2021 $197,035,758 $124,312,177 $1,302,414,916 $72,723,581
2020 $147,340,158 $95,120,818 $1,065,212,876 $52,219,340
2019 $87,666,191 $66,450,177 $887,403,657 $21,216,014
2018 $155,789,645 $83,562,644 $829,981,734 $72,227,001
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