2016 Project Redwood Financial Report


For the Ten Years ending 2016:

Total Contributions: $2,193,660

Total Grants: $1,809,495

Non-Grant Expenses: $253,248

Summary of 2016 Fund Activity


Cycle Ten: 1/1/2016 through 12/31/2016


Opening Balance (1/1/2016) $112,831
Add - Revenue:
PRW Partner pledge contributions MBA80 (note 1) $236,078
PRW Contributions (note 2) $30,850
Total Contributions $266,928
Other Revenue $0
Total Revenue$266,928

Less - Disbursements:
Grants disbursed (note 3) $220,000
Program-related Expenses (note 4) $19,166
Administrative and Grantmaking Services (Tides, note 5) $8,856
Credit Card Donation Processing (Tides, note 6) $820
Total Disbursements $248,842

Ending Balance 12/31/2016$130,917
Less - Commitments:
Program-related (website, mailing, Stanford Magazine, contingency) $8,940
Grant commitments - Current year outstanding (note 7) $0
Total Commitments $8,940
Funds Available 12/31/2016 (note 8) $121,977

Notes on Financial Statements
1 Contributions received from Stanford GSB MBA80 class members.
2 Contributions received from others, including Stanford GSB MBA87 class members.
3 Grant support provided for 8 projects in Grant Cycle 10 and core support provided for Stanford Design for Extreme Affordability Social E-lab projects.
4 Software and mailings to classmates, annual meeting, completion of Karpen Consulting, LLC strategic planning engagement and Stanford Magazine ad placements.
5 Fiscal sponsorship functions, including contribution receipt & acknowledgement, accounting, vetting of grant applications.
6 On-line donation processing through Click & Pledge.
7 All Cycle 10 grants were awarded during 2016.
8 Eleventh Grant Cycle is planned for Summer 2017.

Project Redwood is organized as a Collective Action Fund of Tides Foundation. Tides Foundation provides us with invaluable support in consulting; in final vetting of grant applications; and, under their umbrella 501c3 designation, in receiving tax deductible donations and operating as a grant-making organization. For more information about Tides Foundation, go to https://www.tides.org.