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 grants totaling $2.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$84.4M
-2.9% YoY
Annual Giving
$2.5M
+4236.7% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$2.5M
+8573.5% YoY
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.
About Jacobs Family Foundation
Based on IRS filings
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 grants totaling $2.5M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $84,354,682 | $86,891,293 | $86,976,385 |
| Revenue | $5,065 | $1,430 | $318,940 |
| Expenses | $2,555,874 | $70,216 | $2,221,851 |
| Qualifying Distributions | $2,550,000 | $58,800 | $2,153,024 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,302,509 | $4,164,987 | $4,348,569 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jacobs Center for Neighborhood Innovation ($2,550,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW HAPKE | BOARD CHAIR | 5 | — |
| VALERIE JACOBS HAPKE | SECRETARY | 5 | — |
| NORMAN HAPKE | TREASURER | 5 | — |
| CLAIRE HAPKE | MEMBER | 5 | — |
Frequently Asked Questions
How large is Jacobs Family Foundation?
As of 2024, Jacobs Family Foundation holds $84.4M in total assets with $5K in annual revenue. It awarded 1 grants totaling $2.5M in 2024.
Where does Jacobs Family Foundation operate?
Jacobs Family Foundation has awarded grants in California, Virginia, Washington.
What size grants does Jacobs Family Foundation award?
In 2024, Jacobs Family Foundation awarded 1 grants totaling $2.5M — an average of about $2.5M per grant, based on its IRS Form 990 filings.
How much is Jacobs Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jacobs Family Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Jacobs Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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