At A Glance
611 Front St.
San Francisco, CA United States 94111-1963
Telephone: (415) 882-7740
Type of Grantmaker
(yr. ended 2014-12-31)
Total giving: $33,415,753
Grantmaking commenced in 1979 - In 1938, Mr. Koret, together with his wife Stephanie, started an apparel firm that became known as Koret of California, one of the major manufacturers of coordinated sportswear in the country. In 1979, the company was sold to Levi Strauss & Co. for $71 million. Stephanie Koret died in 1978, and her entire estate was left to the foundation. At the encouragement of Tad Taube, a trusted family friend and current Pres., Joseph Koret activated a philanthropic foundation, with Stephanie's portion of the family wealth to benefit the Bay Area communities and Israel In 1987, the foundation received final funding of $83 million from the Joseph Koret 1980 Irrevocable Trust. In addition, the foundation is the ultimate beneficiary of the various Charitable Remainder Unitrusts established by the Joseph Koret 1980 Irrevocable Trust. With a real estate portfolio wisely invested by Tad Taube, today Koret has grown into a philanthropy of more than $400 million
Purpose and Activities
The grantmaker has identified the following area(s) of interest:
Bay Area General Community
Focuses on development and support of K-12 education reform, higher education, arts, culture and civic institutions.
Supports promising efforts for reform of K-12 public education through public policy change and support of programs that provide models of excellence.
The foundation funds Jewish studies, public policy development, science, and legal education.
The foundation primarily supports economic reform/development.
Israel and International Jewish Organizations
Supports economic development and free market initiatives in Israel.
Israel Economic Development Funds
Provides guarantees for small business loans to stimulate job creation.
Funding to strengthen Jewish communal organizations and Jewish identity.
Recognizes outstanding achievements by individuals working in areas of special interest to the foundation.
The foundation has made a PRI in the form of a loan for the construction a building.
This funding interest includes support of development, research and community projects that advance the public agenda.
Fields of Interest
- Arts and culture
- Community and economic development
- Elementary and secondary education
- Higher education
- Reform Judaism
- Children and youth
- Economically disadvantaged people
- Low-income and poor people
- Judaic institutions
- Public charities
Year ended 2014-12-31
Assets: $602,895,227 (market value)
Gifts received: $263,739
Total giving: $33,415,753
Qualifying distributions: $39,957,954
Giving activities include:
$33,415,753 for grants