Tag Archives: assets

Tax the Foundations – It’s Where the REAL $$$ Is

The first thing zillionaires do is create tax-exempt foundations and pour all their money into them.  They have total control of their money through their foundations and side-step the IRS.

All it would take is one little tweak to the tax code.  Who has the courage to take the Big Boys on?

Rank

Name/(state)

Assets

As of
Fiscal Year
End Date

1. Bill & Melinda Gates Foundation (WA) $37,430,150,458 12/31/2010
2. Ford Foundation (NY) 10,498,932,621 09/30/2011
3. J. Paul Getty Trust (CA) 10,483,398,708 06/30/2011
4. The Robert Wood Johnson Foundation (NJ) 9,199,687,456 12/31/2010
5. W. K. Kellogg Foundation (MI) 7,696,627,040 08/31/2011
6. The William and Flora Hewlett Foundation (CA) 7,377,220,546 12/31/2010
7. The David and Lucile Packard Foundation (CA) 6,100,637,478 12/31/2010
8. The John D. and Catherine T. MacArthur Foundation (IL) 5,737,270,334 12/31/2010
9. Gordon and Betty Moore Foundation (CA) 5,585,288,763 12/31/2010
10. The Andrew W. Mellon Foundation (NY) 5,490,877,291 12/31/2010
11. Lilly Endowment Inc. (IN) 5,184,625,647 12/31/2010
12. The Leona M. and Harry B. Helmsley Charitable Trust (NY) 4,143,880,203 03/31/2011
13. Tulsa Community Foundation (OK) 4,022,451,000 12/31/2010
14. The William Penn Foundation (PA) 3,987,087,217 12/31/2010
15. The California Endowment (CA) 3,745,324,056 03/31/2011
16. The Rockefeller Foundation (NY) 3,593,289,629 12/31/2010
17. The Kresge Foundation (MI) 3,276,968,952 12/31/2010
18. The Duke Endowment (NC) 2,837,905,170 12/31/2011
19. Foundation to Promote Open Society (NY) 2,817,446,416 12/31/2010
20. The Annie E. Casey Foundation (MD) 2,797,729,748 12/31/2010
21. Robert W. Woodruff Foundation, Inc. (GA) 2,795,111,909 12/31/2011
22. The Bloomberg Family Foundation, Inc. (NY) 2,734,103,737 12/31/2010
23. The Susan Thompson Buffett Foundation (NE) 2,584,393,426 12/31/2010
24. Carnegie Corporation of New York (NY) 2,548,230,211 09/30/2011
25. Conrad N. Hilton Foundation (CA) 2,140,385,894 12/31/2010
26. Charles Stewart Mott Foundation (MI) 2,130,000,000 12/31/2011
27. Silicon Valley Community Foundation (CA) 2,081,920,000 12/31/2011
28. The Harry and Jeanette Weinberg Foundation, Inc. (MD) 2,072,697,349 02/28/2011
29. Kimbell Art Foundation (TX) 2,059,995,937 12/31/2010
30. John S. and James L. Knight Foundation (FL) 2,036,153,513 12/31/2011
31. Richard King Mellon Foundation (PA) 2,018,377,846 12/31/2010
32. The McKnight Foundation (MN) 1,982,175,000 12/31/2011
33. Margaret A. Cargill Foundation (MN) 1,968,309,988 12/31/2010
34. John Templeton Foundation (PA) 1,939,387,570 12/31/2010
35. Casey Family Programs (WA) 1,935,207,121 12/31/2009
36. The New York Community Trust (NY) 1,908,884,580 12/31/2011
37. Ewing Marion Kauffman Foundation (MO) 1,881,375,000 12/31/2010
38. The Simons Foundation (NY) 1,862,188,781 12/31/2010
39. The Cleveland Foundation (OH) 1,816,947,057 12/31/2011
40. Annenberg Foundation (CA) 1,720,105,771 06/30/2011
41. Doris Duke Charitable Foundation (NY) 1,716,471,991 12/31/2010
42. Eli & Edythe Broad Foundation (CA) 1,689,096,798 12/31/2010
43. Alfred P. Sloan Foundation (NY) 1,653,512,812 12/31/2011
44. The Chicago Community Trust (IL) 1,595,765,501 09/30/2010
45. The James Irvine Foundation (CA) 1,589,353,533 12/31/2010
46. Houston Endowment Inc. (TX) 1,527,022,391 12/31/2010
47. The Heinz Endowments (PA) 1,470,209,104 12/31/2010
48. The Wallace Foundation (NY) 1,410,919,607 12/31/2010
49. The Starr Foundation (NY) 1,342,712,927 12/31/2010
50. Walton Family Foundation, Inc. (AR) 1,282,168,113 12/31/2010
51. California Community Foundation (CA) 1,242,402,000 06/30/2011
52. Daniels Fund (CO) 1,207,849,555 12/31/2011
53. Marin Community Foundation (CA) 1,207,464,129 06/30/2011
54. Greater Kansas City Community Foundation (MO) 1,189,480,459 12/31/2010
55. The Moody Foundation (TX) 1,175,095,528 12/31/2010
56. Lumina Foundation (IN) 1,156,840,104 12/31/2010
57. Open Society Institute (NY) 1,141,004,097 12/31/2010
58. Barr Foundation (MA) 1,134,513,133 12/31/2010
59. The Anschutz Foundation (CO) 1,133,090,471 11/30/2010
60. The Brown Foundation, Inc. (TX) 1,115,833,756 06/30/2011
61. The San Francisco Foundation (CA) 1,101,069,000 06/30/2011
62. The Samuel Roberts Noble Foundation, Inc. (OK) 1,096,656,796 12/31/2011
63. The Columbus Foundation and Affiliated Organizations (OH) 1,061,039,486 12/31/2010
64. The Oregon Community Foundation (OR) 1,040,106,343 12/31/2009
65. W. M. Keck Foundation (CA) 1,022,800,000 12/31/2011
66. Bat Hanadiv Foundation No. 3 (NY) 953,358,565 12/31/2010
67. The Ahmanson Foundation (CA) 938,736,097 10/31/2011
68. The Michael and Susan Dell Foundation (TX) 934,701,114 12/31/2010
69. Robertson Foundation (NY) 874,038,503 11/30/2010
70. Surdna Foundation, Inc. (NY) 867,363,679 06/30/2011
71. The Freedom Forum, Inc. (DC) 867,021,671 12/31/2010
72. Boston Foundation, Inc. (MA) 859,510,000 06/30/2011
73. Druckenmiller Foundation (NY) 852,353,119 11/30/2011
74. Shimon ben Joseph Foundation (CA) 837,220,914 12/31/2010
75. Cummings Foundation (MA) 834,371,069 12/31/2010
76. The Edna McConnell Clark Foundation (NY) 831,854,466 09/30/2011
77. The Pittsburgh Foundation (PA) 821,409,075 12/31/2010
78. Hall Family Foundation (MO) 816,078,893 12/31/2010
79. The Joyce Foundation (IL) 808,480,401 12/31/2010
80. The California Wellness Foundation (CA) 794,337,702 12/31/2011
81. Rockefeller Brothers Fund, Inc. (NY) 789,378,035 12/31/2010
82. M. J. Murdock Charitable Trust (WA) 786,828,151 12/31/2011
83. The Broad Art Foundation (CA) 772,439,657 12/31/2010
84. Communities Foundation of Texas, Inc. (TX) 769,107,000 06/30/2011
85. The J. E. and L. E. Mabee Foundation, Inc. (OK) 768,175,002 08/31/2011
86. Hartford Foundation for Public Giving (CT) 762,222,900 12/31/2010
87. Otto Bremer Foundation (MN) 761,362,288 12/31/2011
88. Engelstad Family Foundation (NV) 758,280,826 12/31/2010
89. The Ford Family Foundation (OR) 745,185,712 12/31/2010
90. Bush Foundation (MN) 740,000,000 12/31/2011
91. The Packard Humanities Institute (CA) 732,975,558 12/31/2010
92. The Community Foundation for Greater Atlanta (GA) 723,793,300 12/31/2011
93. The Meadows Foundation, Inc. (TX) 720,435,662 12/31/2010
94. Weingart Foundation (CA) 718,445,607 06/30/2011
95. The Henry Luce Foundation, Inc. (NY) 713,105,558 12/31/2011
96. Laura and John Arnold Foundation (TX) 711,626,515 12/31/2010
97. Foundation For The Carolinas (NC) 711,620,777 12/31/2009
98. The Saint Paul Foundation (MN) 702,560,293 12/31/2010
99. The Commonwealth Fund (NY) 690,193,069 06/30/2011
100. Jack Kent Cooke Foundation (VA) 680,297,315 05/31/2011

Source: http://foundationcenter.org/findfunders/topfunders/top100assets.html