Banc of California Charitable Foundation
The Banc of California Charitable Foundation is a private, independent 501(c)(3) foundation based in Santa Ana, California. Established in February 2019, it operates as a grantmaking organization dedicated to supporting charitable causes across multiple states, with a particular emphasis on California communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$883K
-39.7% YoY
Annual Giving
$3.2M
+231.4% YoY
Grant Count
339
+249.5% YoY
Avg Grant Size
$10K
-5.2% YoY
Under IRS private-foundation payout rules, Banc of California Charitable Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of charitable activities, with primary focus areas including:
- Community Development
- Affordable Housing
- Economic Development
- Housing and Homeless Services
- Religious Support and Community Outreach
- Education
- Human Services
Grantmaking
The foundation administers multiple grant programs supporting community development, housing, homeless services, religious organizations, and economic development initiatives.
Grant Range
$1,000 to $100,000
Average Grant
Approximately $11,570 to $13,714 depending on program area
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Geographic Focus
Where this funder awards grants
The foundation supports organizations primarily in California, with additional funding extending to Colorado, Connecticut, North Carolina, New York, Texas, and Virginia. California communities receiving support include Los Angeles, San Diego, Santa Barbara, Orange County, and West Hills.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $883,155
- Total Revenue: $2,648,368
- Total Expenses: $3,228,825
- Total Giving: $3,228,002
As of 2023:
- Total Assets: $1,463,612
- Total Revenue: $2,009,000
- Total Expenses: $974,333
The foundation maintains a giving rate of approximately 103%, indicating it distributes more than its annual revenue in grants.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $883,155 | $1,463,612 | $428,945 |
| Revenue | $2,648,368 | $2,009,000 | $1,002,615 |
| Expenses | $3,228,825 | $974,333 | $973,963 |
| Qualifying Distributions | $3,228,825 | $974,333 | $973,963 |
| Net Investment Income | — | — | — |
| Distributable Amount | $77,574 | $28,028 | $19,991 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Friends of Israel Navy Seals ($25,000), Asian Pacific Community Fund ($25,000), Boys & Girls Club of Greater San Diego ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A Step Beyond Escondido, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $10,000 |
| ABC Hopes Corona, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $7,500 |
| Access Plus Capital Fresno, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT ECONOMIC DEVELOPMENT PROGRAMS | $7,500 |
| Acorns to Oak Trees Pala, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $18,000 |
| Action Center Lakewood, CO | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $2,500 |
| Advancing the Seed La Mirada, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $5,000 |
| African American Empowerment Coalition Los Angeles, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT ECONOMIC DEVELOPMENT PROGRAMS | $15,000 |
| African Leadership Group Aurora, CO | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $20,000 |
| Altadena Library Foundation Altadena, CA | THE PURPOSE OF THIS GRANT IS TO SUPPORT COMMUNITY DEVELOPMENT PROGRAMS | $1,000 |
| American Friends of Israel Navy Seals New York City, NY | THE PURPOSE OF THIS GRANT IS TO SUPPORT ECONOMIC DEVELOPMENT PROGRAMS | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a volunteer board:
- Stan Ivie – Chairman of Board
- Chris Garcia – President
- Irene Chung – Secretary
- Raymond Rindone – Treasurer
- Samantha Haugh – Board Member
- John Sotoodeh – Board Member
- Hilary Streeter – Board Member
- Deb Vrana – Board Member
- Alex Kweskin – Board Member
- Chris Baron – Board Member
- Joe Kauder – Chief Financial Officer
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Chris Garcia | President | 4 | — |
| Irene Chung | Secretary | 0.5 | — |
| Stan Ivie | Chairman of Board | 0.5 | — |
| Samantha Haugh | Board Member | 0.5 | — |
| Hilary Streeter | Board Member | 0.5 | — |
| Deb Vrana | Board Member | 0.5 | — |
| Alex Kweskin | Board Member | 0.5 | — |
| Chris Baron | Board Member | 0.5 | — |
| Karen Hon | Treasurer | 0.5 | — |
| Andrew Parker | Board Member | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation is affiliated with Banc of California, Inc., which announced a $4.1 billion, three-year Community Benefits Plan in connection with its merger with Pacific Western Bank. This plan includes strategic commitments to:
Pacific Symphony Receives $40,000 Grant from Bank of America Charitable Foundation$500,000 for outreach and engagement with tribal and indigenous communities
A minimum of $250,000 for climate resiliency programs in low-income and BIPOC communities
$20 million in investments supporting affordable housing preservation efforts through Community Land Trusts and affordable housing developers
$300 million in community development investments
The foundation has also participated in disaster relief efforts, including small business recovery grants for wildfire-impacted local businesses in partnership with Steadfast LA.
Steadfast LA and Banc of California Award Second Round of Small BusinessSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Banc of California Charitable Foundation fund?
The foundation supports a diverse range of charitable activities, with primary focus areas including: • Community Development • Affordable Housing • Economic Development • Housing and Homeless Services • Religious Support and Community Outreach • Education • Human Services
How do I apply for a grant from Banc of California Charitable Foundation?
**Grant Activity:** • Total giving in 2024: $3,228,002 • Total giving in 2023: $974,333 • Grant range: $1,000 to $100,000 • Average grant size: Approximately $11,570 to $13,714 depending on program area • Median grant amount: $7,500 • Total grants awarded (2023): 135 grants across multiple programs **Recent Grant Examples (2024):** • National Diversity Coalition: $100,000 (Economic Development Programs) • Affordable Housing Clearinghouse: $65,000 (Affordable Housing) • Innovative Housing Opport…
Where does Banc of California Charitable Foundation make grants?
The foundation supports organizations primarily in California, with additional funding extending to Colorado, Connecticut, North Carolina, New York, Texas, and Virginia. California communities receiving support include Los Angeles, San Diego, Santa Barbara, Orange County, and West Hills.
What size grants does Banc of California Charitable Foundation award?
In 2024, Banc of California Charitable Foundation awarded 339 grants totaling $3.2M — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Banc of California Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Banc of California Charitable Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Banc of California Charitable Foundation's EIN?
Banc of California Charitable Foundation's EIN (Employer Identification Number) is 81-2984187. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Banc of California Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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