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· Private foundation

Eustace-Kwan Family Foundation

Its FY2023 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$5.1M
Granted FY2021
24
Grants FY2021
1
States reached
$760k
Largest

Read this first · the figures below need context

100% of Eustace-Kwan Family Foundation’s FY2023 grant dollars went to Goldman Sachs Philanthropy Fund, not to grantees.

Its money now reaches organizations through that sponsor, which does not report who recommended each grant. FY2023 names 0 organizations directly, so a portfolio cannot be read from it. Everything below is therefore FY2021, the last year Eustace-Kwan Family Foundation named its own grantees at scale: 8 organizations, $5M. It is dated, not current.

Organizations named directly on the return

12
’17
12
’18
12
’19
18
’20
8
’21
1
’22
0
’23

Amber years are those where most dollars went to a sponsor.

01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2023.

Education$18MPhilanthropy$7.7MHuman Services$2.9MEmployment$2.2MScience & Tech$1.3MFood & Nutrition$950kReligion$519kPublic Benefit$500kOther$0
02FY2021 · 24 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2021

  • $50k–250k15 grants · $1.8M
  • $250k+9 grants · $3.3M
$175,000
Median grant
1
States reached
$0
Total assets
Largest grants
RecipientAmount
REDWOOD CITY SCHOOL DISTRICT$760,000
UNIVERSITY OF CALIFORNIA BERKELEY$500,000
SAN FRANCISCO STATE UNIVERSITY$400,000
MENLO PARK SCHOOL DISTRICT$350,000
UNIVERSITY OF CALIFORNIA BERKELEY$275,000
SAINT FRANCIS CENTER$250,000
SAINT FRANCIS CENTER$250,000
LELAND STANFORD JUNIOR UNIVERSITY$250,000
UNIVERSITY OF CALIFORNIA BERKELEY$250,000
SEQUOIA HIGH SCHOOL EDUCATION FOUNDATION$225,000
SAN FRANCISCO STATE UNIVERSITY$200,000
FOUNDATION FOR THE FUTURE MENLO-ATHERTON HIGH SCHOOL$175,000
SEQUOIA UNION HIGH SCHOOL DISTRICT$150,000
REDWOOD CITY SCHOOL DISTRICT$150,000
UNIVERSITY OF CALIFORNIA BERKELEY$150,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY17–20, $1.2M) land where the poverty rate runs at 10%, against an area that typically sits at 8%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 8%DONALDINA CAMERON HOUSE: $125k → 10%DONALDINA CAMERON HOUSE: $125k → 10%DONALDINA CAMERON HOUSE: $125k → 10%DONALDINA CAMERON HOUSE: $75k → 10%AIM HIGH: $250k → 10%AIM HIGH: $250k → 10%AIM HIGH: $250k → 10%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

91%of every dollar goes to organizations it has funded before.
$24M · 23 repeat orgs$2.5M to everyone else

Grantees it renews have grown median revenue +70% since the first grant, against +39% for those funded once.

23 repeat relationships: 14 still active in FY2021, 9 since wound down. Read against FY2021, the last year this funder named its own grantees directly; its giving has since run through a sponsor, which reports no donor behind each grant.

How the two cohorts compare

Re-uppedFunded once

Organizations

23
14

Total granted

$24M
$2.5M

Median revenue growth · since first grant

+70%
+39%

Still filing today

65%
36%

New vs renewed · share of each year

In FY2022, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19’20’21’22
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22
EducationHuman ServicesArts & CultureEmploymentCommunity ImprovementPhilanthropyOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • MS
    MENLO SCHOOL
    3× · 2017–2019 · $1.0M · revenue +90%
  • JI
    JOBTRAIN INC
    5× · 2017–2021 · $875k · revenue +40%
  • SH
    Sequoia High School Education Foundation
    4× · 2018–2021 · $750k · revenue +33%

Funded once

  • Trustees of Tufts Collegegraduated
    one grant, 2020 · $1.1M · revenue +39%
  • UB
    UC BERKELEY
    one grant, 2017 · $750k
  • MH
    MENLO-ATHERTON HS FOUNDATION FOR THE FUTURE
    one grant, 2018 · $170k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Silicon Valley Education Foundation

Who we are - silicon valley education foundation (svef) focuses on raising student performance in the critical areas of math and science across all 33 santa clara county school districts, and also adjoining san mateo and alameda counties.…

Community Improvement
2
Enterprise for Youth

Enterprise for youth empowers under-resourced san francisco youths to reach their potential through transformative paid internship experiences supported by a community of employers, caring adults, and peers.

Youth Development
3
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
4
San Francisco University High School

At san franicisco university high school, we engage our community of diverse voices in a transformational experience that embraces the spirited pursuit of learning and empowers purpose larger than self.

Education
5
The Peak School

The peak school seeks to ignite a passion for learning, to develop students of diverse talents and backgrounds who think critically and act with integrity, and to graduate compassionate, confident, capable students who will embrace their…

Education
6
The International School of San Francisco

Guided by the principles of academic rigor and diversity, the international school of san francisco offers programs of study in french and english to prepare its graduates for a world in which the ability to think critically and to…

Education
7
Golden Gate University

Golden gate university prepares individuals to lead and serve by providing high quality, practice-based educational programs in law, taxation, business and related professions - as a nonprofit institution - in an innovative and challenging…

Education
8
The Seven Hills School

The institution provides educational instruction and activities to students ranging from preschool through 8th grade.

—
9
Lehigh University

The university's goal in the coming decade is to advance learning through the integration of teaching, research and service to others. the core of this goal is to prepare graduates to engage with the world and lead lives of meaning. to do…

Education
10
President and Fellows of Harvard College

Undergraduate, graduate, and professional education and research across a broad array of academic domains.

Education
11
Presidio Hill School

Presidio hill school is a co-ed k-8 independent, progressive school. learning is collaborative and an active experience with an emphasis on inquiry. students are engaged in their own learning and guided by an expert faculty through a…

Education
12
The Seattle Academy of Arts & Sciences

Seattle academy is a dynamic community that challenges students to question, imagine, and create in order to contribute to a changing world.

Education
How this is measured
The grantee most central to the portfolio’s shape is East Palo Alto Academy Foundation; the most unlike its peers is Aim High. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

23 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 23 of the 39 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
7
Early backer (in before they grew)
22/23
Grantees still filing
18/23
Grew since first funded

Where the money sits, by cause and then by grantee

UNIVERSITY OF CALIFORNIA BERKELEY: $4,365,000 · OtherUNIVERSITY OF CALIFORNIA BERKELEYREDWOOD CITY SCHOOL DISTRICT: $3,950,000 · OtherREDWOOD CITY SCHOOL DISTRICTSAN FRANCISCO STATE UNIVERSITY: $2,851,309 · OtherSAN FRANCISCO STATE UNIVERSITYSAINT FRANCIS CENTER: $2,185,000 · OtherSAINT FRANCIS CENTERMENLO PARK SCHOOL DISTRICT: $1,350,000 · OtherMENLO PARK SCHOOL DISTRICTSECOND HARVEST FOOD BANK: $1,100,000 · OtherSECOND HARVEST FOOD BANKMENLO SCHOOL: $1,000,000 · OtherSEQUOIA UNION HIGH SCHOOL DISTRICT: $920,000 · OtherUC BERKELEY: $750,000 · Other+14 more: $1,797,500 · Other+14 moreGS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC: $7,583,016 · PhilanthropyGS DONOR ADVISED PHILANTH…HANDSON BAY AREA: $435,000 · PhilanthropyHANDSON BAY AREATHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $1,610,000 · EducationTHE BOARD OF T…Trustees of Tufts College: $1,085,000 · EducationTrustees of Tu…Sequoia High School Education Foundation: $750,000 · EducationSequoia High S…THE GIRLS' MIDDLE SCHOOL: $505,000 · EducationTHE GIRLS' MID…EAST PALO ALTO ACADEMY FOUNDATION: $355,000 · EducationEAST PALO ALTO…FOUNDATION FOR A COLLEGE EDUCATION: $185,000 · Education+3 more: $124,500 · EducationAIM HIGH: $750,000 · Human ServicesDONALDINA CAMERON HOUSE: $450,000 · Human ServicesJOBTRAIN INC: $875,000 · EmploymentCENTER FOR EXCELLENCE IN NONPROFITS: $475,000 · Community ImprovementTRUST FOR HIDDEN VILLA: $275,000 · Environment
Other$20,268,809Philanthropy$8,018,016Education$4,614,500Human Services$1,200,000Employment$875,000Community Improvement$475,000Environment$275,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetGS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC: $7,583,016 over 3y, 0.4% of budgetTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $1,610,000 over 5y, 0.0% of budgetTrustees of Tufts College: $1,085,000 over 1y, 0.1% of budgetMENLO SCHOOL: $1,000,000 over 3y, 1.0% of budgetJOBTRAIN INC: $875,000 over 5y, 4.2% of budgetSequoia High School Education Foundation: $750,000 over 4y, 22% of budgetTHE GIRLS' MIDDLE SCHOOL: $505,000 over 4y, 2.6% of budgetCENTER FOR EXCELLENCE IN NONPROFITS: $475,000 over 5y, 17% of budgetDONALDINA CAMERON HOUSE: $450,000 over 4y, 3.5% of budgetHANDSON BAY AREA: $435,000 over 5y, 4.6% of budgetEAST PALO ALTO ACADEMY FOUNDATION: $355,000 over 5y, 4.8% of budgetSAMARITAN HOUSE: $325,000 over 3y, 0.5% of budgetTRUST FOR HIDDEN VILLA: $275,000 over 2y, 2.9% of budgetFOUNDATION FOR A COLLEGE EDUCATION: $185,000 over 2y, 14% of budgetHEALTH CAREER CONNECTION INC: $160,000 over 2y, 6.1% of budgetTHE EXPLORATORIUM: $150,000 over 2y, 0.2% of budgetEASTSIDE COLLEGE PREPARATORY SCHOOL INC: $100,000 over 2y, 0.4% of budgetTHE VISIONARIES INC: $74,000 over 1y, 8.8% of budgetChild Abuse Network Inc dba Child Advocacy Network: $25,000 over 1y, 1.9% of budgetEQUAL JUSTICE INITIATIVE: $20,000 over 1y, 0.0% of budgetRHODE ISLAND SCHOOL OF DESIGN: $12,500 over 1y, 0.0% of budgetSan Francisco Achievers: $12,000 over 1y, 1.5% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ↗
  • Who funds THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY ↗
  • Who funds Trustees of Tufts College ↗
  • Who funds MENLO SCHOOL ↗
  • Who funds JOBTRAIN INC ↗
  • Who funds Sequoia High School Education Foundation ↗
  • Who funds AIM HIGH ↗
  • Who funds THE GIRLS' MIDDLE SCHOOL ↗
  • Who funds CENTER FOR EXCELLENCE IN NONPROFITS ↗
  • Who funds DONALDINA CAMERON HOUSE ↗
  • Who funds HANDSON BAY AREA ↗
  • Who funds EAST PALO ALTO ACADEMY FOUNDATION ↗
  • Who funds SAMARITAN HOUSE ↗
  • Who funds TRUST FOR HIDDEN VILLA ↗
  • Who funds FOUNDATION FOR A COLLEGE EDUCATION ↗
  • Who funds HEALTH CAREER CONNECTION INC ↗
  • Who funds THE EXPLORATORIUM ↗
  • Who funds EASTSIDE COLLEGE PREPARATORY SCHOOL INC ↗
  • Who funds THE VISIONARIES INC ↗
  • Who funds Child Abuse Network Inc dba Child Advocacy Network ↗
  • Who funds EQUAL JUSTICE INITIATIVE ↗
  • Who funds RHODE ISLAND SCHOOL OF DESIGN ↗
  • Who funds San Francisco Achievers ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Silicon Valley Community FoundationCA23.5× affinity12 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Silicon Valley Community Foundation · Gs Donor Advised Philanthropy Fund for Wealth Management Inc · The David and Lucile Packard Foundation · Philanthropic Ventures Foundation · The San Francisco Foundation · The Palo Alto Community Fund · Gordon E and Betty I Moore Foundation · Bright Funds Foundation · Sand Hill Foundation · The Sobrato Family Foundation · Kaiser Foundation Hospitals · Tides Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Eustace-Kwan Family Foundation funds: left to right is the share of its income from government, bottom to top the share from Eustace-Kwan Family Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%2%6%14%25%funder's share of their income ↑0%5%10%15%20%share of the org’s income from government →median 13%
  • Trustees of Tufts College: 13% of income from government
no gov moneyreceives it· size = income
0get no government money at all
6report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–20%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 39 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2021, released 2021. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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