p 5 financials Total Giving $2,032,000 36% 12% 20% 11% 6% 6% 5% 4% Youth Development Scholarships & Financial Aid Social & Emotional Early Childhood Literacy Physical Education & Sports Music & The Arts Science & The Environment $743,000 $409,000 $230,000 $230,000 $119,000 $118,000 $103,500 $ 79,500 NOTE: Grants often serve multiple issues, even though they are categorized under a primary area of giving. Grants are categorized according to the primary need the grant serves. Annual Impact Report 5 REVENUE AND SUPPORT Net contribution and fundraising revenue $ 3,478 Total investment income 3,260 Total net revenues and support 6,739 EXPENSES Grants and scholarships 2,032 General and administrative 124 Total expenses 2,156 CHANGE IN NET ASSETS $ 4,583 STATEMENT OF ACTIVITIES Notes: Totals may not add due to rounding. AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING DECEMBER 31 ASSETS Cash and cash equivalents $ 3,604 Other assets 750 Investments at fair value 28,176 Total assets 32,530 LIABILITIES (1,242) NET ASSETS $ 31,288 STATEMENT OF FINANCIAL POSITION ($’s in thousands) ($’s in thousands) 2024 Areas of Giving $19.2 million in giving since 1975 Since our founding in 1975, the Foundation has experienced remarkable financial growth, evolving from a modest community initiative awarding one $3,000 grant into a leading philanthropic force on the Central Coast. Over five decades, the Foundation has increased annual giving exponentially, now granting more than $2 million each year. Thanks to our partnerships with Pebble Beach Food & Wine, Pebble Beach Concours d'Elegance, Hickory Sticks Open, and our generous donors, the Foundation has a diverse base of support. This financial strength has allowed us to support hundreds of thousands of youth through education and enrichment programs, amplifying our impact across Monterey County. 36% 20% 4% 5% 6% 6% 11% 12%
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