Pebble Beach Company Foundation
Pebble Beach Company Foundation is a 501(c)(3) public charity based in Pebble Beach, California. Founded in 1975, the Foundation operates as a grantmaking organization dedicated to supporting educational initiatives and youth development programs in Monterey County. The organization is structured to minimize administrative overhead, maximizing resources directed toward community grants and scholarships.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.5M
+16.3% YoY
Annual Giving
$1.7M
-39.0% YoY
Grant Count
74
+39.6% YoY
Avg Grant Size
$23K
-56.3% YoY
Mission & Focus Areas
The Foundation's mission is to provide Monterey County's youth with the building blocks of success, starting with literacy and education. The organization believes that education changes lives and that every child in Monterey County deserves the opportunity to achieve their full potential.
Primary funding areas include:
- Educational programs for youth from pre-kindergarten through postgraduate levels
- Scholarships and financial aid for students
- Grants to charitable organizations serving youth
- Scholarships for qualified children of Pebble Beach Company employees
The Foundation prioritizes support for programs serving youth with the fewest resources and partners with over 100 local nonprofits to enhance educational opportunities throughout Monterey County.
Grantmaking
Notable grants include:
How to Apply
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Geographic Focus
Where this funder awards grants
The Foundation's grantmaking is primarily focused on Monterey County, California. All supported programs and scholarships benefit youth in this region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $27,960,546 to $28,000,000
- Total revenues: $5,730,456
- Total expenses: $3,289,176
Assets (2024):
- Total assets: $32,529,794
Historical Giving:
- Since inception in 1975: Over $19–$20.3 million granted
- The Foundation is structured to maintain minimal general and administrative spending, allowing maximum resources to flow to community grants and scholarships
Tax Status:
- 501(c)(3) tax-exempt organization
- IRS ruling year: 1977
- EIN: 51-0189888
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,529,794 | $27,960,546 | $21,356,796 |
| Revenue | $4,326,826 | $5,730,456 | $3,546,305 |
| Expenses | $2,155,680 | $3,289,176 | $1,519,666 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $848,337 | $760,605 | $448,764 |
| 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 10 recipients in 2024
Grant Size Distribution
239 grants across all recorded years
Open Grants
1 open opportunity from Pebble Beach Company Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Kathleen Lee serves as Executive Director of Pebble Beach Company Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEAN STIVERS | SECRETARY/DIRECTOR | 10 | — |
| JUDAH MATTHEWS | TREASURER/DIRECTOR | 10 | — |
| MERCEDES DE LUCA | VICE PRESIDENT/DIRECTOR | 10 | — |
| SUSAN MERFELD | PRESIDENT/DIRECTOR | 30 | — |
| CHRISTINE PEROCCHI | DIRECTOR | 5 | — |
| CINDY ZOLLER | DIRECTOR | 5 | — |
| DAN GREEN | DIRECTOR | 5 | — |
| HUBERT ALLEN | DIRECTOR | 10 | — |
| JOHN SAWIN | DIRECTOR | 10 | — |
| ROBERT SKINNER | DIRECTOR | 5 | — |
| TEDDY BALESTRERI | DIRECTOR | 5 | — |
| KATHLEEN LEE | EXECUTIVE DIRECTOR (AS OF 4/24) | 10 | — |
Recent News & Activity
Recent developments and announcements
The Foundation celebrated 50 years of giving, having granted over $20.3 million to Monterey County nonprofits whose work enhances educational opportunities for youth from early education through postgraduate levels. The Foundation's partnerships with over 100 local nonprofits ensure that youth throughout Monterey County have access to resources and programs to enhance their education.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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