Overview
What is Santa Barbara Foundation?
The Santa Barbara Foundation (SBF) is a community-focused philanthropic organization based in Santa Barbara, California. Established in 1928, its mission is to mobilize collective wisdom and philanthropic capital, building empathetic, inclusive, and resilient communities. As a significant private funding source for local nonprofits, agencies, and college-bound students, SBF facilitates philanthropy through donor partnerships, invests in nonprofits, and addresses community needs strategically. In 2022, over 2,000 grants were awarded by SBF to various organizations from donor-advised, donor-designated, and field-of-interest funds. Discretionary grants, totaling over $5 million, are supported by SBF's unresticted endowment income and are awarded based on the Board of Trustees' approval following a meticulous process of research, due diligence, planning, and evaluation.
Official website here: www.sbfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 98% (Four-Star out of Four Star rating)
The Santa Barbara Foundation has achieved an exceptional Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity's impressive score of 98% reflects its commitment to transparent financial practices and effective governance, with all board members being independent and a comprehensive audit and oversight structure in place.
Strengths highlighted in the analysis include excellent financial ratios, such as an 89.60% program expense ratio, demonstrating that the majority of funds are directed towards its programs. Additionally, the foundation has established robust policies for conflict of interest, whistleblowing, and document retention, contributing to its accountability and integrity. The organization also excels in ensuring donor privacy and maintaining proper documentation of board activities.
While the foundation shows notable strengths, there are no significant limitations reported in the feedback. Its well-structured financial oversight and governance policies suggest that the Santa Barbara Foundation effectively manages resources to support its mission, providing confidence to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Barbara Foundation legitimate?
Santa Barbara Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Barbara Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $743,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,758,574
For more financial information, click here
Official website here: www.sbfoundation.org
What is the mission statement of Santa Barbara Foundation?
The Santa Barbara Foundation (SBF) aims to mobilize collective wisdom and philanthropic capital to build empathetic, inclusive, and resilient communities. As a community foundation established in 1928, SBF enriches lives through philanthropy by building and facilitating partnerships, investing in nonprofits, and addressing community needs. SBF grants funds to a wide range of initiatives, projects, and organizations, awarding over 2,000 grants in 2022. Grants are made from various types of funds, including donor advised, donor designated, and field of interest funds. Discretionary grants, totaling over $5 million in 2022, are supported by SBF's unresticted endowment income and awarded based on recommendations from SBF staff following a rigorous process.
Official website here: www.sbfoundation.org
Who is the CEO of Santa Barbara Foundation?
Jacqueline Carrera is the President & Ceo of Santa Barbara Foundation. The CEO's salary of Santa Barbara Foundation is $372,313 and their total compensation is $497,089.
Official website here: www.sbfoundation.org
What is the revenue of Santa Barbara Foundation?
Santa Barbara Foundation's revenue in 2022 was $65,112,090.
Official website here: www.sbfoundation.org
Who are the executives of Santa Barbara Foundation and what are their salaries?
The average compensation at Santa Barbara Foundation during 2022 was $94,649. There are 37 employees and 150 volunteers at Santa Barbara Foundation.
Here are 26 key members and their salaries (Santa Barbara Foundation's CEO's salary is $372,313 and their total compensation is $497,089):
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- Compensation: $372,313
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- Compensation: $117,987
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- Other: $29,379
Official website here: www.sbfoundation.org
Where can I find the form 990 for Santa Barbara Foundation?
Santa Barbara Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbfoundation.org
Learn more at the official website: www.sbfoundation.org
Mission Statement of Santa Barbara Foundation
The Santa Barbara Foundation (SBF), a community foundation established in 1928, aims to foster empathetic, inclusive, and resilient communities by mobilizing collective wisdom and philanthropic capital. With a rich history of enriching the lives of people in Santa Barbara County, SBF is one of the largest private sources of funding for area nonprofits, agencies, and college-bound students.
SBF's mission is geared towards building communities where people care for one another and work together to address important needs. By investing in nonprofits, facilitating philanthropy through donor partnerships, and strategically addressing community needs, the Foundation plays a pivotal role in enhancing the quality of life for local residents.
In 2022, SBF granted over 2,000 awards to various nonprofit organizations. These grants came from diverse funds such as donor-advised funds, donor-designated funds, and field-of-interest funds. Discretionary grants, totaling over $5 million in 2022, are supported by SBF's unresticted endowment income and are awarded by the Board of Trustees based on staff recommendations following a rigorous research, due diligence, planning, and evaluation process. Through these efforts, the Santa Barbara Foundation continues to strengthen the social fabric of the communities it serves.
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Impact
October, 2024
The Santa Barbara Foundation significantly enhances community well-being by mobilizing philanthropic capital and collective wisdom to foster empathy, inclusivity, and resilience throughout Santa Barbara County. Established in 1928, the foundation serves as a vital resource, funding a broad array of initiatives and organizations that tackle pressing community needs.
In 2022 alone, over 2,000 grants were awarded, reflecting a robust commitment to impacting various sectors, including education, health, and social services. The foundation's discretionary grants, exceeding $5 million for the year, are allocated through a rigorous process that ensures effective use of unrestricted endowment income. This systematic approach allows the foundation to strategically address the most urgent challenges faced by the community, supporting both established organizations and emerging initiatives.
By forging partnerships with donors and providing targeted support to local agencies and college-bound students, the Santa Barbara Foundation plays a crucial role in enriching lives and fostering a more resilient community. Its longstanding tradition of philanthropy not only addresses immediate needs but also cultivates a culture of giving and collaboration, setting a foundation for sustainable growth and improvement within the region.
This information is meant to be a general summary of Santa Barbara Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,422,637
- Program Service Revenue: $651,925
- Gross Receipts: $408,714,839
Assets and Liabilities:
- Total Assets: $439,373,124
- Total Liabilities: $31,931,881
- Net Assets: $407,441,243
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOUNDATION SUPPORT FEES
Revenue
$651,925
Organization Details
Founding Year
1928
Phone
(805) 963-1873Principal Officer
Jacqueline Carrera
Main Address
1111 CHAPALA STREET SUITE 200, SANTA BARBARA, CA, 93101
Website
www.sbfoundation.orgNTEE Category
Code: T31 - Philanthropy
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