The Compton Foundation practices “all-in philanthropy,” using all of our assets—grants, investment capital, and human resources—to advance our mission. Since 2011, we have built an investment portfolio that aligns our assets with our values. We share our financial information to encourage other foundations to share theirs.
Statement of Financial Position
Year end December 31
ASSETS
2021
2020
Cash and cash equivalents
614,932
287,557
Other receivable
1,488
10,207
Prepaid expenses
3,021
29,242
Cash and cash equivalents, restricted (Note 11)
250,000
–
Investments, at fair value (Notes 4 & 5)
27,875,128
29,139,574
Property and equipment, net (Note 7)
137,013
11,391
Program related investment (Note 3)
1,173,322
–
Security Deposit
–
10,650
Intangible Assets
25,448
25,288
TOTAL ASSETS
30,080,352
29,513,909
LIABILITIES
2021
2020
Accounts payable and accrued expenses
173,340
138,120
Grants payable (Note 10)
5,720,000
5,400,000
Excise Tax Payable
11,846
–
Grants payable (Note 10)
5,000,000
Deferred federal excise tax (Note 9)
89,062
84,942
TOTAL LIABILITIES
10,994,248
5,623,062
NET ASSETS
2021
2020
Net assets without donor restrictions
19,086,104
23,890,847
2021
2020
TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS
30,080,352
29,513,909
Statement of Activities
Year end December 31
INVESTMENT INCOME
2021
2020
Interest and Dividends
314,850
342,718
Realized (losses)/gains on investments
2,453,258
(948,988)
Unrealized gains on investments
295,820
2,955,124
Other investment (loss)
8,024
(119,075)
Custodial and management fees
(107,983)
(71,601)
Other investment expenses
(673,832)
(613,245)
Net investment income before provision for federal excise tax
2,290,137
1,544,933
Provision for federal excise taxes
(34,115)
21,646
NET INVESTMENT INCOME
2,256,022
1,566,579
EXPENSES
2021
2020
Program Services
Grants
6,084,875
9,144,711
Grants Management
643,547
488,147
Total program services
6,728,422
9,632,858
Supporting Services
Board meetings and support
95
25,657
General administration
332,248
291,543
Total supporting services
332,343
317,200
TOTAL EXPENSES
7,060,765
9,950,058
Change in net assets without donor restrictions
(4,804,743)
(8,383,479)
Net assets without donor restrictions–beginning of the year
23,890,847
32,274,326
Net assets without donor restrictions–end of year
19,086,104
23,890,847
“All-in” Philanthropy
Audre Lorde famously claimed that “The master’s tools will never dismantle the master’s house.” Yet most of philanthropy tries to do exactly that…