$19.2 million in giving since 1975 Since our founding in 1975, the Foundation has experienced remarkable financial growth, evolving from a modest community initiative awarding one $3,000 grant into a leading philanthropic force on the Central Coast. Over five decades, the Foundation has increased annual giving exponentially, now granting more than $2 million each year. Thanks to our partnerships with Pebble Beach Food & Wine, Pebble Beach Concours d'Elegance, Hickory Sticks Open, and our generous donors, the Foundation has a diverse base of support. This financial strength has allowed us to support hundreds of thousands of youth through education and enrichment programs, amplifying our impact across Monterey County.
4 %
5 %
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING DECEMBER 31
6 %
STATEMENT OF FINANCIAL POSITION
STATEMENT OF ACTIVITIES
($’s in thousands)
($’s in thousands)
6 % 11 %
2024 Areas of Giving
36 %
ASSETS Cash and cash equivalents
REVENUE AND SUPPORT Net contribution and fundraising revenue
$ ,
$ ,
Other assets
, ,
Total investment income
, ,
Investments at fair value
Total net revenues and support
Total assets
EXPENSES Grants and scholarships
12 %
(, )
LIABILITIES
,
20 %
$ ,
NET ASSETS
General and administrative
Notes: Totals may not add due to rounding.
,
Total expenses
$ ,
CHANGE IN NET ASSETS
$743,000 $409,000 $230,000 $230,000 $119,000 $118,000 $103,500 $ 79,500
Youth Development Scholarships & Financial Aid Social & Emotional Early Childhood Literacy Physical Education & Sports Music & The Arts Science & The Environment
36 % 12 % 20 % 11 %
6 % 6 % 5 % 4 %
Total Giving
$2,032,000
NOTE: Grants often serve multiple issues, even though they are categorized under a primary area of giving. Grants are categorized according to the primary need the grant serves.
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Annual Impact Report 5
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