The Eucalyptus Foundation
The Eucalyptus Foundation is a private family foundation based in San Francisco, California. Established in 1992, the foundation operates with a deliberate informality and maintains a low public profile despite holding substantial financial resources. The foundation is governed by seven officers and trustees and employs one staff member.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$264.9M
+27.0% YoY
Annual Giving
$6.0M
+8.9% YoY
Grant Count
86
+32.3% YoY
Avg Grant Size
$70K
-17.7% YoY
Mission & Focus Areas
The foundation gives primarily for community development and education. Its funding interests span a diverse range of areas including:
- K-12 education
- Arts and culture
- Environment
- Economic and community development
- Children and youth
- Economically disadvantaged and low-income people
- Human services
- Family and child welfare
- Music
- Human rights and global security
Grantmaking
The Eucalyptus Foundation makes grants to support both specific projects and general operating costs.
Grant Range
approximately $23,000 to $40,000
Average Grant
approximately $84,000 to $87,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated primarily in California, though it supports organizations across multiple states. Primary funding regions include California, Colorado, and New York, which account for approximately 84% of all grants. The foundation has extended grants to organizations in at least 12 states and has made one-off grants to organizations in locations including Illinois and Chile.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of 2024):
- Total assets: $264.9 million
- Total revenues: $39.6 million to $165.6 million (figures vary by source)
- Total expenses: $6.9 million
- Annual giving: $6.0 million
- Giving rate: 2.3% of assets
Historical Growth:
- Total assets have grown from $33.3 million in 2011 to $264.9 million in 2024
- Annual giving has grown from $6.1 million in 2021 to $9.8 million in 2022
Tax Status:
- 501(c)(3) organization
- EIN: 94-3148772
- IRS ruling year: 1992
- Contributions are tax-deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $264,885,930 | $208,500,154 | $60,537,251 |
| Revenue | $39,571,017 | $153,805,670 | $5,299,375 |
| Expenses | $6,908,576 | $6,103,722 | $5,144,490 |
| Qualifying Distributions | $6,192,712 | $5,647,125 | $4,948,925 |
| Net Investment Income | $12,009,048 | $2,788,620 | $5,160,964 |
| Distributable Amount | $11,352,242 | $6,768,555 | $3,609,235 |
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
200 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
- Gordon T. Geballe — President and Director
- Alison F. Geballe — Vice President, Director, and Chief Financial Officer
- Adam P. Geballe — Vice President and Director
- Stephen Schwarz — Secretary and Director (receives modest compensation for his role)
- Richard Horan — Director of Grants
- Jeffrey Dolan — Chief Financial Officer
The foundation's leadership is largely composed of the Geballe family. Gordon T. Geballe is a son of Frances Koshland Geballe and grandson of Daniel Koshland Sr., who helped build Levi Strauss into a multi-billion dollar company and was involved in the creation of the Levi Strauss and San Francisco Foundations. Most directors serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GORDON T GEBALLE | PRESIDENT, DIRECTOR | 1 | — |
| ALISON F GEBALLE | VICE PRES.,DIRECTOR | 1.25 | — |
| ADAM P GEBALLE | VICE PRESIDENT, DIRECTOR | 0.75 | — |
| STEPHEN SCHWARZ | SECRETARY, DIRECTOR | 4 | $13,400 |
| JENNIFER G NORMAN | DIRECTOR | 0.75 | — |
Recent News & Activity
Recent developments and announcements
The foundation supported PhysicsQuest's expansion into online programming, as noted in a 2020 publication by the American Physical Society.
PhysicsQuest Expands Online with Help from the Eucalyptus FoundationRelated Funders
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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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