Michael J Connell Memorial Fund

SANTA BARBARA, CA EIN: 95-6032559

Education

SUPPORT REGENTS OF UNIVERSITY OF CALIFORNIA.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$904K

-87.9% YoY

Annual Giving

$6.5M

-17.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6.5M

-17.9% YoY

About Michael J Connell Memorial Fund

Based on IRS filings

Michael J Connell Memorial Fund is a nonprofit organization focused on Education, based in SANTA BARBARA, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $904K in total assets. In 2024, it awarded 1 grants totaling $6.5M. Net investment income was $18K.

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $17.0M (100%)

States

California

Cities

Oakland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$903,759	$7,459,022	$15,092,456
Revenue	$102,022	$557,951	$808,622
Expenses	$6,657,285	$8,191,385	$1,111,654
Qualifying Distributions	—	—	—
Net Investment Income	$17,529	$538,014	$494,017
Distributable Amount	—	—	—

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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Regents of Univ of Ca ($6,500,329).

Recipient	Purpose	Amount
REGENTS OF UNIV OF CA OAKLAND, CA	SUPPORT TO THE GENERAL FUND OF THE REGENTS OF THE UNIVERSITY	$6,500,329

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JEFF LOEBL	CO-TRUSTEE	5	$49,000

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Michael J Connell Memorial Fund?

Michael J Connell Memorial Fund is a nonprofit organization focused on Education, based in SANTA BARBARA, CA. It holds $904K in total assets as of 2024.

How large is Michael J Connell Memorial Fund?

As of 2024, Michael J Connell Memorial Fund holds $904K in total assets with $102K in annual revenue. It awarded 1 grants totaling $6.5M in 2024.

Where does Michael J Connell Memorial Fund operate?

Michael J Connell Memorial Fund has awarded grants in California.

What size grants does Michael J Connell Memorial Fund award?

In 2024, Michael J Connell Memorial Fund awarded 1 grants totaling $6.5M — an average of about $6.5M per grant, based on its IRS Form 990 filings.

What is Michael J Connell Memorial Fund's EIN?

Michael J Connell Memorial Fund's EIN (Employer Identification Number) is 95-6032559. IRS Form 990 filing data is available on this page for 2020–2024.