OVERVIEW: The Resnick Foundation primarily funds grantmaking related to the arts, health, policy, global, environmental, and Jewish causes. Its grantmaking is strongly varied.
IP TAKE: The foundation keeps a low public profile, which limits information available on its grantmaking priorities and activities.
PROFILE: Established in 1997, the Resnick Foundation was founded by billionaire couple Stewart and Lynda Resnick. The Resnicks steer the multi-billion dollar The Wonderful Company, behind such brands as Wonderful Pistachios, Wonderful Halos, POM Wonderful, FIJI Water, Teleflora and JUSTIN Wine. The foundation lacks transparency and does not maintain a website, which makes it difficult to locate further information on its priority areas and grantmaking strategies. The Resnicks have been under fire for their agricultural operations, which use more water than millions of Greater Los Angeles residents combined. Tax filings suggest the Resnick Foundation primarily funds grantmaking related to the arts, health, policy, global, environmental, and Jewish causes. Its grantmaking is strongly varied.
Lynda is a life trustee of LACMA, which has received millions from the couple. Last decade, they gave a $20 million initial gift to Caltech, creating the Resnick Sustainability Institute. Stewart is a prostate cancer survivor. They’ve directed millions to Prostate Cancer Foundation. The couple gave a $25 million to the Milken Institute, establishing the Lynda and Stewart Resnick Center for Public Health. The Resnicks are heavily involved with the Aspen Institute, where Lynda is a trustee, and created a $15 million endowment to the Aspen Institute towards the Resnick Aspen Action Forum. They are also involved with RAND Corporation, and gave a $1 million gift to the Pardee RAND Graduate School to create the Lynda and Stewart Resnick Endowed Scholarship. The family have business ties to the Central Valley and launched the Wonderful College Prep Academy, a “free public charter school serving grades kindergarten through 12.”
Grants range from $23,100 to around $7.5 million. In a recent fiscal year, the foundation gave away approximately $26 million. Past grantees include P.S. Arts; California Charter School Association; Women’s Guild Cedars-Sinai; Los Angeles Brotherhood Crusade - Black United Fund; and Jewish Federation of Greater Los Angeles.
The Resnick Foundation keeps a low profile and does not accept unsolicited proposals.
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