Cause IQ organization profile

Genentech Foundation

Form 990s | Financials | Personnel | Peers

Genentech Foundation is a corporate foundation based in S San Fran, CA that was founded in 2003. As of 2019 they had $42 million in revenue and $63 million in assets.

The Genentech Foundation is partnering with a range of organizations to support the development of career pathways in biotechnology for underserved populations.

EIN:

46-0500264

City:

S San Fran

State:

California

Metro:

San Francisco-Oakland-Berkeley, CA

Website:

gene.com

Founded:

2003

Type:

501(c)(3)

NTEE:

T21: Corporate foundations

Revenue:

$42,544,471

Assets:

$63,413,541

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Genentech Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Nov 13, 2019	990PF	View PDF
2017-12	Aug 30, 2018	990PF	View PDF
2016-12	Dec 8, 2017	990PF	View PDF
2015-12	Jul 19, 2016	990PF	View PDF
2014-12	Aug 24, 2015	990PF	View PDF
...and three more Form 990 PDFs

Financials for Genentech Foundation

Field	2018	2017	% Change
Total grants, contributions, etc.	$42,376,292	$10,000,000	323.8%
Investment income and dividends	$93,179	$24,948	273.5%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Gross sales of inventory	$0	$0
Miscellaneous revenues	$75,000	$0	999%
Total revenues	$42,544,471	$10,024,948	324.4%

Field	2018	2017	% Change
Compensation of current officers, etc.	$0	$0
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Legal fees	$0	$0
Accounting fees	$10,070	$10,070
Other fee-for-service	$17,500	$7,500	133.3%
Interest	$0	$0
Depreciation, amortization, etc.	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Office expenses
Grants to all govts., orgs., and individuals	$3,497,113	$13,528,390	-74.1%
All other expenses	$181,295	$173,261	4.6%
Total expenses	$3,705,978	$13,719,221	-73.0%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$1,428,088	$10,982,565	-87.0%
Savings, short-term investments, etc.	$61,985,453	$13,747,665	350.9%
Accounts receivable	$0	$0
Pledges and grants receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Investments in government obligations	$0	$0
Investments in corporate stock	$0	$0
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$0	$0
Buildings, equipment, etc. post-depreciation	$0	$0
Other assets	$0	$0
Total assets	$63,413,541	$24,730,230	156.4%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$7,496	$55,330	-86.5%
Grants payable	$530,887	$638,964	-16.9%
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$2,100	$1,371	53.2%
Total liabilities	$540,483	$695,665	-22.3%

Personnel at Genentech Foundation

Name	Title	Compensation	Most recent data
Sara Kenkare-Mitra	Senior Vice President , Development Sciences	-	Sept. 25, 2020
Sean Johnston	Board Chair , Senior Vice President and General Counsel	-	Sept. 25, 2020

Peer corporate foundations

	Name	Type	Revenue	Location
1	Cisco Systems Foundation	501(c)(3)	$42 million	San Jose, CA
2	The Applied Materials Foundation	501(c)(3)	$11 million	Santa Clara, CA
3	Caterpillar Foundation	501(c)(3)	$49 million	Peoria, IL
4	Firstenergy Foundation	501(c)(3)	$38 million	Akron, OH
5	TD Charitable Foundation	501(c)(3)	$21 million	Falmouth, ME
6	Express Scripts Foundation	501(c)(3)	$31 million	St Louis, MO
7	Duke Energy Foundation	501(c)(3)	$21 million	Charlotte, NC
8	Ergon Foundation	501(c)(3)	$11 million	Jackson, MS
9	Tennessee Health Foundation	501(c)(3)	$15 million	Chattanooga, TN
10	Citi Foundation	501(c)(3)	$78 million	New York, NY
11	Abbvie Foundation	501(c)(3)	$64 million	North Chicago, IL
12	Eastern Bank Charitable Foundation (EBCF)	501(c)(3)	$20 million	Lynn, MA
13	Dow Chemical Company Foundation	501(c)(3)	$40 million	Bay City, MI
14	Eqt Foundation	501(c)(3)	$17 million	Pittsburgh, PA
15	Consumers Energy Foundation	501(c)(3)	$15 million	Jackson, MI
16	Eli Lilly and Company Foundation	501(c)(3)	$12 million	Indianapolis, IN
17	BHP Billiton Foundation	501(c)(3)	$21 million	Houston, TX
18	Constellation Brands	501(c)(3)	$35 million	Victor, NY
19	American Express Foundation	501(c)(3)	$63 million	New York, NY
20	Cigna	501(c)(3)	$152 million	Philadelphia, PA
21	Enterprise Holdings Foundation	501(c)(3)	$59 million	Clayton, MO
22	Ford Motor Company Fund	501(c)(3)	$46 million	Dearborn, MI
23	General Mills Foundation	501(c)(3)	$27 million	Minneapolis, MN
24	The Bank of America Charitable Foundation	501(c)(3)	$123 million	Charlotte, NC
25	Best Buy Foundation	501(c)(3)	$12 million	Richfield, MN

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Cause IQ organization profile

Genentech Foundation

Form 990s for Genentech Foundation

Financials for Genentech Foundation

Personnel at Genentech Foundation

Peer corporate foundations

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