Lakeshore Foundation

REDWOOD CITY, CA EIN: 30-6284987 Website

The Lakeshore Foundation is a private grantmaking foundation established in April 2011 and headquartered in Redwood City, California. It operates as a 501(c)(3) organization designated for philanthropic and grantmaking purposes. The foundation was funded by Harold Irving "Irv" Grousbeck, Professor Emeritus at Stanford Graduate School of Business and co-owner of the Boston Celtics.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$278.1M

-3.2% YoY

Annual Giving

$20.8M

+0.6% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$1.0M

+25.8% YoY

Under IRS private-foundation payout rules, Lakeshore Foundation reported a distributable amount of $20.5M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation focuses on criminal justice reform, civil rights, legal advocacy, and social justice initiatives. It provides large grants to organizations working on left-of-center criminal justice reform policy advocacy.

Grantmaking

The foundation operates a single discretionary grant program and does not maintain a public website or formal application process.

Grant Range

** $100,000 - $3,500,000

Invitation Only

** Invitation only; no public application process. Grants are awarded through trustee discretion only.

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Geographic Focus

Where this funder awards grants

National focus within the United States.

Grant Distribution by State

New York $31.7M (31%)

Massachusetts $15.4M (15%)

District of Columbia $15.3M (15%)

California $11.9M (12%)

Arizona $8.0M (8%)

Alabama $7.0M (7%)

Texas $2.7M (3%)

Ohio $2.3M (2%)

+9 more states

States

Alabama Arizona California District of Columbia Florida Georgia Louisiana Massachusetts Minnesota North Carolina New York Ohio Pennsylvania Texas Utah Washington Wisconsin

Cities

AustinBerkeleyBostonCambridgeDecaturDurhamFlorenceFremontLong Island CityMadisonMinneapolisMontgomeryNew OrleansNew YorkOaklandPhiladelphiaSalt Lake CitySan FranciscoSanta ClaraSeattle

Financial History

Multi-year comparison from IRS filings

Total Assets: $278 million (2024); $321 million (alternate reporting); $440 million (alternate reporting)
Annual Revenue: $16.1 million (2024)
Annual Expenses: $25.4 million (2024)
Total Liabilities: $0 (2024)
Tax-Exempt Status: Since September 2011
EIN: 30-6284987

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$278,136,050	$287,222,430	$293,830,963
Revenue	$16,084,795	$17,250,552	$16,882,728
Expenses	$25,419,553	$23,374,658	$20,025,072
Qualifying Distributions	$20,854,051	$20,714,832	$18,072,503
Net Investment Income	$11,618,086	$14,741,729	$13,207,691
Distributable Amount	$20,460,618	$19,894,268	$19,907,656

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

131 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Brennan Center for Justice ($3,500,000), Oxfam America ($3,500,000), The Innocence Project Inc ($2,000,000).

Recipient	Purpose	Amount
LEGAL OUTREACH INC Long Island city, NY	GENERAL	$100,000
THE BRENNAN CENTER FOR JUSTICE NEW YORK, NY	GENERAL	$3,500,000
THE INNOCENCE PROJECT INC NEW YORK, NY	GENERAL	$2,000,000
ASIAN IMMIGRANT WOMEN ADVOCATS OAKLAND, CA	GENERAL	$100,000
CENTER FOR GLOBAL DEVELOPMENT WASHINGTON, DC	GENERAL	$2,000,000
ENERGY FOUNDATION SAN FRANCISCO, CA	GENERAL	$500,000
FLORENCE IMMIGRANT & REFUGEES RIGHTS PROJECT FLORENCE, AZ	GENERAL	$2,000,000
IMMIGRANT JUSTICE CORPS NEW YORK, NY	GENERAL	$1,500,000
INNOCENCE PROJECT NEW ORLEANS New Orleans, LA	GENERAL	$185,000
NEW ENGLAND INNOCENCE PROJECT BOSTON, MA	GENERAL	$500,000

Leadership & Key People

Leadership team and compensation from IRS filings

Trustee: Hadley G. Williams

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HADLEY G WILLIAMS	TRUSTEE	—	—

Contact Information

Mailing Address: c/o Hadley G Williams, Trustee, PO Box 11064, Oakland, CA 94611
Phone: (510) 612-1207
Alternative Address: c/o Baker Tilly, 3 Lagoon Dr, Suite 400, Redwood City, CA 94065
Phone (Alternative): 650-365-4646

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Lakeshore Foundation fund?

How do I apply for a grant from Lakeshore Foundation?

**Grant Characteristics:** • **Annual Giving:** Approximately $20.8 million (2024) • **Grant Range:** $100,000 - $3,500,000 • **Median Grant Size:** $500,000 • **Number of Annual Grants:** 20-27 grants per year • **Application Process:** Invitation only; no public application process. Grants are awarded through trustee discretion only. • **Decision Timeline:** Not applicable (trustee discretion) The foundation operates a single discretionary grant program and does not maintain a public website …

Where does Lakeshore Foundation make grants?

National focus within the United States.

What size grants does Lakeshore Foundation award?

In 2024, Lakeshore Foundation awarded 20 grants totaling $20.8M — an average of about $1.0M per grant, based on its IRS Form 990 filings.

How much is Lakeshore Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lakeshore Foundation reported a distributable amount of $20.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.