Jacobs Family Foundation

SAN DIEGO, CA EIN: 95-4187111

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

-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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $7.3M (99%)

Virginia $57K (1%)

Washington $25K (0%)

States

California Virginia Washington

Cities

AlexandriaBainbridge IslandChula VistaEscondidoLa JollaSan DiegoVenice

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.