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
2020
2019
Cash and cash equivalents
287,557
346,113
Other receivable
10,207
2,020,661
Prepaid expenses
29,242
35,796
Investments, at fair value (Notes 4 & 5)
29,139,574
30,222,307
Property and equipment, net (Note 7)
11,391
18,691
Program related investment (Note 3)
–
25,000
Security Deposit
10,650
10,650
Intangible Assets
25,288
25,288
TOTAL ASSETS
29,513,909
32,704,506
LIABILITIES
2020
2019
Accounts payable and accrued expenses
138,120
123,592
Grants payable (Note 10)
5,400,000
200,000
Excise Tax Payable
–
–
Deferred federal excise tax (Note 9)
84,942
106,588
TOTAL LIABILITIES
5,623,062
430,180
NET ASSETS
2020
2019
Net assets without donor restrictions
23,890,847
32,274,326
2020
2019
TOTAL LIABILITIES AND UNRESTRICTED NET ASSETS
29,513,909
32,704,506
Statement of Activities
Year end December 31
INVESTMENT INCOME
2020
2019
Interest and Dividends
342,718
475,039
Realized (losses)/gains on investments
(948,988)
1,802,328
Unrealized gains on investments
2,955,124
1,533,601
Other investment (loss)
(119,075)
(95,496)
Custodial and management fees
(71,601)
(66,253)
Other investment expenses
(613,245)
(882,151)
Net investment income before provision for federal excise tax
1,544,933
2,767,068
Provision for federal excise taxes
21,646
(103,984)
NET INVESTMENT INCOME
1,566,579
2,663,084
EXPENSES
2020
2019
Program Services
Grants
9,144,711
1,872,577
Grants Management
488,147
552,679
Total program services
9,632,858
2,425,256
Supporting Services
Board meetings and support
25,657
162,547
General administration
291,406
169,791
Total supporting services
317,200
332,338
TOTAL EXPENSES
9,950,058
2,757,594
Change in net assets without donor restrictions
(8,383,479)
(94,510)
Net assets without donor restrictions–beginning of the year
32,274,326
32,368,836
Net assets without donor restrictions–end of year
23,890,847
32,274,326
“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…