The San Simeon Fund Inc
The San Simeon Fund Inc is a private foundation, based in San Francisco, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $75.0M in total assets. In 2025, it awarded 4 grants totaling $1.5M. Net investment income was $8.0M.
The San Simeon Fund Inc at a glance
In short: The San Simeon Fund Inc gave $1.5M across 4 grants in 2025 (avg $367K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,468,528
- -68.9% vs 2024
- Grants made (2025)
- 4
- -60.0% vs 2024
- Average grant
- $367,132
- -22.2% vs 2024
- Median grant
- $199,264
- Total assets
- $74,957,321
- +15.3% vs 2024
- Primary geography
- California (68% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The San Simeon Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Fine Arts Museums of San Francisco ($1.0M). Together the top 4 received $1.5M.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was in the $250–500K range: 9 grants of 29 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The San Simeon Fund Inc gives
- Giving fell 30% from 2022 to 2025. Method
- In 2025 it paid out 34% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $250K (2023) to $5.2M (2020). In 2025 it made 4 grants totaling $1.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fine Arts Museums of San Francisco San Francisco, CA | To support the acquisition of portrait of bianca degli utili maselli and her children by lavinia fontana | $1,000,000 |
| GBH Boston, MA | To Support Masterpiece Trust and Nova Science Trust | $250,000 |
| University of Washington Foundation Seattle, WA | To support uw medicine's won't go back initiative - project echo | $148,528 |
| President and Fellows of Harvard College Cambridge, MA | To support faulty of arts & sciences for the benedict h. Gross distinguished visitors program fund | $70,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $74,957,321 | $12,440,117 | $2,506,842 | $1,468,528 | 4 | $1,513,453 | $7,964,515 | $4,505,861 |
| 2024 | $65,024,046 | $11,198,452 | $5,802,776 | $4,720,000 | 10 | $4,777,959 | $2,403,310 | $3,982,018 |
| 2023 | $59,628,370 | $4,645,753 | $970,183 | $250,000 | 2 | $256,340 | $5,973,981 | $3,391,963 |
| 2022 | $55,952,800 | $2,734,238 | $2,804,855 | $2,100,000 | 5 | $2,133,325 | $585,734 | $3,316,002 |
| 2021 | $56,023,417 | $4,454,988 | $3,723,099 | $2,940,000 | 8 | $2,971,450 | $3,705,138 | $3,527,281 |
| 2020 | $55,291,528 | $2,740,751 | $6,227,927 | $5,200,000 | 12 | — | $1,239,925 | $3,133,014 |
Under IRS private-foundation payout rules, The San Simeon Fund Inc reported a distributable amount of $4.5M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The San Simeon Fund Inc is led by William R. Hearst III, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
William R. Hearst III
President
On filings since 2020
No compensation reported
Cynthia D. Lund
Secretary
On filings since 2020
No compensation reported
Margaret C. Hearst
Vice President & CFO
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The San Simeon Fund Inc
How much does The San Simeon Fund Inc give each year?
The San Simeon Fund Inc gave $1.5M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4.7M across 10 grants.
What is The San Simeon Fund Inc's typical grant size?
The San Simeon Fund Inc's median grant in 2025 was $199,264, and its average grant was $367,132, across 4 grants on its 2025 IRS Form 990-PF.
Where does The San Simeon Fund Inc give grants?
The San Simeon Fund Inc gives mostly in California: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (22%) and Washington (10%).
Does The San Simeon Fund Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The San Simeon Fund Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is The San Simeon Fund Inc?
The San Simeon Fund Inc reported $75.0M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $4.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The San Simeon Fund Inc's EIN?
The San Simeon Fund Inc's EIN (Employer Identification Number) is 20-1986583. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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