Jacobs Family Foundation
Jacobs Family Foundation is a private foundation, based in San Diego, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $84.4M in total assets. In 2024, it awarded 1 grant totaling $2.5M.
Jacobs Family Foundation at a glance
In short: Jacobs Family Foundation gave $2.5M across 1 grant in 2024 (avg $2.5M), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,550,000
- +4236.7% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $2,550,000
- +8573.5% vs 2023
- Median grant
- $2,550,000
- Total assets
- $84,354,682
- -2.9% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jacobs Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Jacobs Center for Neighborhood Innovation ($2.5M).
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 13 grants of 19 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Jacobs Family Foundation gives
- Giving grew 340% from 2021 to 2024. Method
- In 2024 it paid out 196% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $59K (2023) to $2.5M (2024). In 2024 it made 1 grant totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jacobs Center for Neighborhood Innovation San Diego, CA | During the year, the foundation made a charitable grant to the jacobs center for neighborhood innovation ("jcni"), a California nonprofit public benefit corporation recognized as a public charity under 501(c)(3). The foundation indirectly controls jcni through its wholly owned disregarded entity, the joe & vi jacobs family legacy llc, which is the sole member of jcni. The grant was made to support jcni's charitable programs in community development and education. The funds were used exclusively for charitable purposes consistent with 501(c)(3) and 4941(d)-2(a)(5).the transaction is reported under 512(b)(13) as a payment to a controlled entity. The grant did not result in any unrelated business taxable income and does not constitute self-dealing under 4941. | $2,550,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $84,354,682 | $5,065 | $2,555,874 | $2,550,000 | 1 | $2,550,000 | — | $1,302,509 |
| 2023 | $86,891,293 | $1,430 | $70,216 | $58,800 | 2 | $58,800 | — | $4,164,987 |
| 2022 | $86,976,385 | $318,940 | $2,221,851 | $2,153,024 | 3 | $2,153,024 | — | $4,348,569 |
| 2021 | $89,383,783 | $335,490 | $718,966 | $579,210 | 7 | $693,063 | $609,284 | $4,393,792 |
| 2020 | $34,497,740 | $170,786 | $2,210,970 | $2,085,761 | 6 | — | $53,307 | $1,726,342 |
Under IRS private-foundation payout rules, Jacobs Family Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jacobs Family Foundation is led by Andrew Hapke, Board Chair since 2024 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrew Hapke
Board Chair
Treasurer & CFO → Chair, 2023
Chair → Board Chair, 2024
On filings since 2020
5 hrs/week
No compensation reported
Claire Hapke
Member
Vice Chair → Secretary, 2023
Secretary → Member, 2024
On filings since 2020
5 hrs/week
No compensation reported
Norman Hapke
Treasurer
Chair → Treasurer & CFO, 2023
Treasurer & CFO → Treasurer, 2024
On filings since 2020
5 hrs/week
No compensation reported
Valerie Jacobs Hapke
Secretary
Secretary → Vice Chair, 2023
Vice Chair → Secretary, 2024
On filings since 2020
5 hrs/week
No compensation reported
Former officers (1)
- Former: Reginald Jones (2020–2022) — President & CEO · Filing note: Resigned on 093022
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Jacobs Family Foundation
How much does Jacobs Family Foundation give each year?
Jacobs Family Foundation gave $2.5M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $59K across 2 grants.
How large is Jacobs Family Foundation?
Jacobs Family Foundation reported $84.4M in total assets on its 2024 IRS Form 990-PF. It paid out $2.5M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
Where does Jacobs Family Foundation operate?
Jacobs Family Foundation has awarded grants in California, Virginia, Washington.
What is Jacobs Family Foundation's EIN?
Jacobs Family Foundation's EIN (Employer Identification Number) is 95-4187111. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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