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Filing year 2024

THE HERB ALPERT FOUNDATION

Santa Monica, California·EIN 95-4191227·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$2.3M
Total assets
$45.7M
Total expenses
$10M
Reported officers
8

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in California.

President
Board President
Above 90th percentile
$625k
$669k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE HERB ALPERT FOUNDATION equaled 6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
6%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$7.5M

Itemized grants

86

Median grant

$25k

RecipientLocationPurposeAmount
UCLA FOUNDATION UCLA HERB ALPERT SCHOOL OF MUSICLOS ANGELES, CACHARITABLE$1.3M
CALIFORNIA INSTITUTE OF ARTSVALENCIA, CACHARITABLE$1.2M
THE HARLEM SCHOOL OF THE ARTSNEW YORK, NYCHARITABLE$800k
CALIFORNIA STATE SUMMER SCHOOL FOUNDATIONSACRAMENTO, CACHARITABLE$424k
GOOD PEOPLE FUNDMILLBURN, CACHARITABLE$400k
HERBIE HANCOCK INSTITUTE OF JAZZLOS ANGELES, CACHARITABLE$250k
PACIFIC JAZZ ORCHESTRABEVERLY HILLS, CACHARITABLE$250k
PS ARTSVENICE, CACHARITABLE$240k
CHRYSALISSANTA MONICA, CACHARITABLE$200k
THE HARMONY PROJECTLOS ANGELES, CACHARITABLE$150k
LA CITY COLLEGELOS ANGELES, CACHARITABLE$110k
FIELD MUSEUM OF NATURAL HISTORYCHICAGO, ILCHARITABLE$100k
FULCRUM ARTS FBO SAPPAPASADENA, CACHARITABLE$100k
LOUISIANA MUSEUM FOUNDATIONNEW ORLEANS, LACHARITABLE$100k
THE JAZZ FOUNDATIONSHERMAN OAKS, CACHARITABLE$100k
TURNAROUND ARTS CALIFORNIALOS ANGELES, CACHARITABLE$100k
CALIFORNIA STATE UNIVERSITY NORTHRIDGENORTHRIDGE, CACHARITABLE$80k
HOMEBOY INDUSTRIESLOS ANGELES, CACHARITABLE$80k
LEADERCOMM GLOBAL COMMUNITYARLINGTON, VACHARITABLE$75k
THE PAINTED TURTLELAKE HUGHES, CACHARITABLE$50k
UCLA FOUNDATION MUSIC PARTNERSHIPLOS ANGELES, CACHARITABLE$50k
THE SOUTHERN POVERTY LAW CENTERMONTGOMERY, ALCHARITABLE$40k
VENICE ARTSVENICE, CACHARITABLE$40k
COMMUNITY PARTNERS FBO L A COMMONSLOS ANGELES, CACHARITABLE$35k
COMMUNITY PARTNERS FBO LIBROS SCHMIBROS LENDINGLOS ANGELES, CACHARITABLE$35k
Compare this foundation's grantees

Held steady
from 2023

From $625k in 2023 to $625k in 2024.

$625k
2023
$625k
2024
In today's dollarsEst.
Down 3% in real terms$691k to $669k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay held roughly steady from 2023 to 2024, while revenue fell 96%.

$625k in 2023 to $625k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE HERB ALPERT FOUNDATION

What does the Board President of THE HERB ALPERT FOUNDATION earn?

In 2024, the Board President of THE HERB ALPERT FOUNDATION received $625,000 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in California: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board President pay at THE HERB ALPERT FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in California, the 2024 pay of the Board President at THE HERB ALPERT FOUNDATION falls in the top 10%. In 2024, the highest total compensation at THE HERB ALPERT FOUNDATION equaled 6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE HERB ALPERT FOUNDATION's revenue and expenses?

In 2024, THE HERB ALPERT FOUNDATION reported $2.3M in total revenue and $10M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.