The foundation appears to function as an entity for financing or transferring housing assets rather than making traditional programmatic grants. Its single recorded transaction is a large, seller-carryback note assignment to an affiliated nonprofit housing developer (Eden South County Inc.), indicating activity focused on real-estate financing and asset movement within an affiliated housing network. This suggests the foundation’s purpose is to support acquisition/financing of multifamily rental housing through related entities rather than direct service grants.
Extremely concentrated, one-time, large financial transaction directed to an affiliate; transactional/asset-transfer focus rather than distributed program grants or repeated operating support.
$18.6M
$0
$319K
$18.6M
Most grants fall between $18.6M and $18.6M, with a median of $18.6M.
25th Percentile
$18.6M
Median
$18.6M
75th Percentile
$18.6M
About 100% of grants go to recipients in CA.
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Notable grantees: Eden South County Inc.
2023
Source: IRS Form 990-PF, fiscal year 2023.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| EDEN SOUTH COUNTY INC | HAYWARD, CA | $18,620,764 | 2023 | ASSIGNMENT OF A SELLER CARRYBACK NOTE RECEIVABLE FROM AFFILIATE |
EDEN SOUTH COUNTY INC
$18,620,764ASSIGNMENT OF A SELLER CARRYBACK NOTE RECEIVABLE FROM AFFILIATE