The Annenberg Foundation is a private family foundation headquartered in Conshohocken, Pennsylvania, with additional operations in Los Angeles, California. Established in 1989 by the late Walter H. Annenberg, a prominent publisher and former U.S. Ambassador to Great Britain, the foundation provides funding and support to nonprofit organizations in the United States and globally. The foundation is directly involved in community initiatives through innovative projects that complement its grantmaking work.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5B
+4.2% YoY
Annual Giving
$53.3M
-73.3% YoY
Grant Count
543
+5.6% YoY
Avg Grant Size
$98K
-74.8% YoY
Mission & Focus Areas
The foundation's mission is to advance the public well-being through improved communication. The foundation encourages the development of more effective ways to share ideas and knowledge and is committed to core values of responsiveness, accessibility, fairness, and involvement.
Primary funding areas include:
- Education and youth development
- Arts, culture, and humanities
- Civic and community life
- Health and human services
- Animal services and the environment
- Philanthropy, voluntarism, and grantmaking
The foundation values organizations with visionary leadership, demonstrated impact, sustainability, innovation, organizational strength, and strong networks of partnerships—a framework reflected in the acronym VISION+. The foundation prioritizes funding organizations with deep community involvement, effective leadership, and those addressing challenging and timely problems.
Grantmaking
The foundation made 543 grants in its most recent filing period. Grant sizes typically range from $50,000 to $12 million, with a median grant amount of $25,000. Total giving in 2024 was $53,343,335.
Grant Range
s typically range from $50,000 to $12 million, with a median grant amount of $25,000. Total giving in 2024 was $53,343,335.
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Geographic Focus
Where this funder awards grants
The foundation funds organizations in California, New York, and the District of Columbia, with particular focus on the greater Los Angeles area as well as nationally and globally.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,523,963,150
- Total Revenue: $123,000,000
- Total Expenses: $310,000,000
- Total Liabilities: $246,000,000
- Total Giving: $53,343,335
As of 2023:
- Total Assets: $1,462,008,226
- Total Revenue: $131,626,861
- Total Expenses: $253,584,091
The foundation ranks in the top 1% of foundations by asset size (Rank #122 of 159,550).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,523,963,150 | $1,462,008,226 | $1,524,441,511 |
| Revenue | $123,118,621 | $131,626,861 | $148,973,633 |
| Expenses | $309,925,589 | $253,584,091 | $99,458,740 |
| Qualifying Distributions | $88,135,602 | $96,267,791 | $84,998,996 |
| Net Investment Income | $118,758,146 | $152,280,176 | — |
| Distributable Amount | $70,855,956 | $66,472,370 | $90,441,798 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- Wallis Annenberg – CEO, Chairperson, and President
- Cynthia Kennard – Executive Director and Secretary ($757K annual compensation)
- Allison Holmes – Chief Operations & Strategy Officer ($371K annual compensation)
- Paul J. Manganiello – Director of Investments and Treasurer ($347K annual compensation)
- Bruce Missaggia – Senior Director of Administration & Finance ($316K annual compensation)
- Lauren Bon – Vice President and Director ($86K annual compensation)
- Charles Annenberg Weingarten – Vice President and Director ($86K annual compensation)
- Gregory Annenberg Weingarten – Vice President and Director ($86K annual compensation)
The foundation employs approximately 59 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WALLIS ANNENBERG | CEO/CHAIRPERSON/PRESIDENT | 20 | — |
| LAUREN BON | VICE PRESIDENT/DIRECTOR | 37.5 | $86,151 |
| CHARLES ANNENBERG WEINGARTEN | VICE PRESIDENT/DIRECTOR | 37.5 | $85,847 |
| GREGORY ANNENBERG WEINGARTEN | VICE PRESIDENT/DIRECTOR | 37.5 | $85,847 |
| CYNTHIA KENNARD | EXECUTIVE DIRECTOR/SECRETARY | 37.5 | $756,910 |
| PAUL J MANGANIELLO | DIRECTOR OF INVEST/TREASURER | 37.5 | $346,832 |
Recent News & Activity
Recent developments and announcements
Recent grant announcements and activities include:
The Leonore Annenberg Civics Award supported a U.S. Semiquincentennial teaching project through the Annenberg Public Policy Center of the University of Pennsylvania.
Annenberg Scholars Awarded Information and Democracy Research Grants fromThe foundation awarded more than $3 million in grants to 68 nonprofit organizations through LA2050 initiatives.
Annenberg Scholars Awarded Information and Democracy Research Grants fromA $10 million gift was made to UCLA Health, resulting in the naming of the Wallis Annenberg Concourse at Ronald Reagan UCLA Medical Center.
Wallis Annenberg Concourse Named in Honor of Gift - UCLA HealthAnnenberg scholars were awarded information and democracy research grants from the Penn Center for Media, Technology, and Democracy.
Annenberg Scholars Awarded Information and Democracy Research Grants fromSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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