The Annenberg Foundation Trust at
The Annenberg Foundation Trust at is a private foundation focused on public and societal benefit, based in Rancho Mirage, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $695.7M in total assets. In 2025, it made $25.5M in qualifying distributions. Net investment income was $48.0M.
The Annenberg Foundation Trust at at a glance
- Total assets
- $695,727,404
- +6.2% vs 2024
- Revenue (2025)
- $40,466,392
- +73.7% vs 2024
- Qualifying distributions (2025)
- $25,531,629
- +20.7% vs 2024
- Expenses (2025)
- $26,487,429
- +2.4% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|
| 2025 | $695,727,404 | $40,466,392 | $26,487,429 | $25,531,629 | $47,976,673 |
| 2024 | $655,198,106 | $23,292,596 | $25,868,621 | $21,145,117 | $19,325,394 |
| 2023 | $613,405,991 | $22,616,853 | $24,530,347 | $18,661,168 | $10,124,977 |
| 2022 | $586,661,089 | $114,020,098 | $24,957,552 | $20,847,210 | $110,616,641 |
| 2021 | $666,827,544 | $43,148,746 | $21,932,849 | — | $41,016,260 |
| 2020 | $567,217,717 | $19,742,844 | $20,913,164 | — | $16,277,373 |
| 2019 | $583,352,152 | $25,630,968 | $22,015,103 | — | $22,910,153 |
Leadership & Key People
Officers and directors from IRS filings
The Annenberg Foundation Trust at is led by David J. Lane, President on every filing since 2019; 4 of 14 officers listed in 2025 are compensated.
Officers on the 2025 filing
David J. Lane
President
On filings since 2019
40 hrs/week
$405K (2019) → $579K (2025)
Charles Weingarten
Trustee
On filings since 2019
1 hr/week
No compensation reported
Diane Deshong
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Elizabeth K. Sorensen
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Elizabeth R. Kabler
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Gregory Weingarten
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Howard Deshong III
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Lauren A. Bon
Trustee
On filings since 2019
1 hr/week
No compensation reported
Leonore Deshong
Trustee
On filings since 2019
1 hr/week
No compensation reported
Wallis Annenberg
Trustee
On filings since 2019
1 hr/week
No compensation reported
Lily Annenberg
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Kathleen Doherty
Chief Strategy & Retreats Officer
Cso & Cro → Chief Strategy & Retreats Officer, 2025
On filings since 2020
40 hrs/week
$120K (2020) → $339K (2025)
Michael Ellzey
Chief of Estate Operations
Director Property Management & Development → Chief of Estate Operations, 2023
On filings since 2022
40 hrs/week
$106K (2022) → $257K (2025)
Robert Bell
Chief Administrative Officer
Chf Adm Officer → Chief Administrative Officer, 2025
On filings since 2022
40 hrs/week
$33K (2022) → $249K (2025)
Former officers (4)
- Former: Janice Lyle (2019–2023) — Center Director
- Former: Robert W. Caragher (2020–2023) — CFO & Chf Adm Officer
- Former: Rebecca Avila (2019–2020) — COO
- Former: Bruce Missaggia (2019) — Chief Financial Officer · Filing note: Ended 42319
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $579K, to David J Lane (President). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Annenberg Foundation Trust at
How large is The Annenberg Foundation Trust at?
The Annenberg Foundation Trust at reported $695.7M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $40.5M.
What is The Annenberg Foundation Trust at?
The Annenberg Foundation Trust at is a private foundation focused on public and societal benefit, based in Rancho Mirage, CA. It holds $695.7M in total assets as of 2025.
What is The Annenberg Foundation Trust at's EIN?
The Annenberg Foundation Trust at's EIN (Employer Identification Number) is 25-6774871. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
Live grants for the work The Annenberg Foundation Trust at funds
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