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Gravitate Foundation is a private corporation based in MENLO PARK, CA. The foundation received its IRS ruling in 2015. The principal officer is Boris Putanec. It holds total assets of $1.8M. Annual income is reported at $2M. Total assets have grown from N/A in 2012 to $1.6M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Gravitate Foundation has made 3 grants totaling $321K, with a median grant of $100K. Annual giving has grown from $11K in 2020 to $100K in 2023. Grantmaking activity was highest in 2022 with $210K distributed across 1 grants. Individual grants have ranged from $11K to $210K, with an average award of $107K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Gravitate Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in CA.
Gravitate Foundation has distributed a total of $321K across 3 grants. The median grant size is $100K, with an average of $107K. Individual grants have ranged from $11K to $210K.
Gravitate Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gravitate Foundation is headquartered in MENLO PARK, CA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeana Toney | PRESIDENT | $0 | $0 | N/A |
| Boris Putanec | DIRECTOR | $0 | $0 | N/A |
Total Giving
$115K
Total Assets
$1.6M
Fair Market Value
$1.9M
Net Worth
$1.6M
Grants Paid
$100K
Contributions
N/A
Net Investment Income
$34K
Distribution Amount
$82K
Total Grants
3
Total Giving
$321K
Average Grant
$107K
Median Grant
$100K
Unique Recipients
2
Most Common Grant
$210K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Menlo SchoolSUPPORT CURRICULAR INITIATIVES | Atherton, CA | $100K | 2023 |
| Town School For BoysSUPPORT CURRICULAR INITIATIVES | San Francisco, CA | $210K | 2022 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA