NEWPORT BEACH, CA

Pacific Life Foundation

Quick Facts

EIN: 953433806
Location: NEWPORT BEACH, CA
Phone: (949) 219-3248
Category: General
Total Assets: $141.5M
Annual Income: $18.3M
IRS Ruling Year: 1980
Organization Type: Non-Operating Foundation
Principal Officer: % Pacific Life Insurance Compa
Tax Deductibility: Contributions are deductible

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About This Foundation

Pacific Life Foundation is a private corporation based in NEWPORT BEACH, CA. The foundation received its IRS ruling in 1980. The principal officer is % Pacific Life Insurance Compa. It holds total assets of $141.5M. Annual income is reported at $18.3M. According to available records, Pacific Life Foundation has made 4 grants totaling $29.7M, with a median grant of $7.4M. The foundation has distributed between $7.1M and $7.8M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $7.8M distributed across 1 grants. Individual grants have ranged from $7.1M to $7.8M, with an average award of $7.4M. The foundation has supported 4 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.

Application Information

Deadline

See Attached

Restrictions

See Attached

Frequently Asked Questions

What does Pacific Life Foundation fund?

Pacific Life Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in CA.

How much does Pacific Life Foundation give in grants?

Pacific Life Foundation has distributed a total of $29.7M across 4 grants. The median grant size is $7.4M, with an average of $7.4M. Individual grants have ranged from $7.1M to $7.8M.

How do I apply for a grant from Pacific Life Foundation?

The application deadline is See Attached. See Attached.

Where is Pacific Life Foundation located?

Pacific Life Foundation is headquartered in NEWPORT BEACH, CA.

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

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GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$5.7M

2023-49%

Total Assets

$133.7M

2023+11%

Fair Market Value

$133.7M

2023

Net Worth

$127.4M

2023

Grants Paid

$5.4M

2023

Contributions

$7.2M

2023

Net Investment Income

$4.6M

2023

Distribution Amount

$5.9M

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $0

Other Investments (100%)

Cash (0%)

Revenue Sources (2023)

Contributions: $7.2M
Dividends: $3.7M
Capital Gains (Net): $1M

Financial Details (2023)

Total Revenue: $11.8M
Total Expenses: $5.7M
Exempt Purpose Expenses: $7.6M
Required Distribution: $5.9M
Undistributed Income: $0
Grants Approved (Future): $6.1M
Total Liabilities: $6.3M
Excise Tax: $64K

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$29.7M

Average Grant

$7.4M

Median Grant

$7.4M

Unique Recipients

Most Common Grant

$7.1M

Grant Disbursements by Year

Grant Range

Min$7.1M

Max$7.8M

Median: $7.4M

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

CA$29.7M (4)

Past Grantees

Recipient	Location	Amount	Year
See Attached Statement 16SEE ATTACHED STATEMENT 16	Newport Beach, CA	$7.6M	2023
See Attached Statement 13SEE ATTACHED STATEMENT 13	Newport Beach, CA	$7.8M	2022
See Attached Statement 12SEE ATTACHED STATEMENT 12	Newport Beach, CA	$7.2M	2021
See AttachedSEE ATTACHMENT	Newport Beach, CA	$7.1M	2020