AWG Community Foundation

AEG Community Foundation (AEG Foundation) is the grantmaking arm of Anschutz Entertainment Group (AEG), the world’s largest owner of sports teams and sports events, and second largest owner of live music venues. 1

At-A-Glance

Location:

Los Angeles, California

President:

Dan Beckerman

Tax ID: 95-4675402
Most Recent Filing: 2023
Budget (2023): Assets: $173,494 Revenue: $435,378 Expenses: $324,943

Contents

    While AEG owner Philip Anschutz is a right-of-center donor and supporter of the Republican Party, AEG Foundation makes grants to left-of-center organizations. While many of the organizations the foundation supports provide education and entertainment services to the indigent, the foundation has supported organizations that oppose the removal of any illegal immigrants from the United States. 2

    History

    Anschutz Entertainment Group formed the AEG Foundation in 1997, and formerly operated under the Staples Center Foundation business name. 3

    Finances

    In 2019, AEG Foundation received $611,729 in contributions, incurred $574,680 in expenses, and had $67,678 in net assets. 4 5 6

    Grantmaking

    In 2019, AEG Foundation made grants to organizations that provide housing, food, and entertainment services to the indigent and homeless. Other organizations supported by AEG Foundation have a history of obstructing immigration deportation actions against illegal aliens, environmentalist organizations, and organizations that support race-based social policies.

    Immigration Organizations

    In 2019 AEG Foundation contributed to Innercity Struggle ($10,000), an organization that has opposed U.S. immigration policies, advocates for rent control policies, and successfully advocating for the elimination of willful defiance actions in the Los Angeles County education system. Willful defiance actions allow teachers to suspend students for disrupting the classroom or failing to listen to a teacher’s request. 7 [not] “Zero suspensions for ‘willful defiance’ at Eastside schools.” Innercity Struggle. https://www.innercitystruggle.org/victories[/note]

    Environmentalist Organizations

    In 2019 AEG Community Foundation contributed to Grades of Green ($10,000), Grades of Green is an activist incubation organization that teaches students that continued emission of greenhouse gas emissions require drastic life-style changes and solutions, and in the organization’s own words “[b]uild and empower environmental changemakers and leaders to initiate and inspire local communities to make long-lasting impacts.” 8

    Race Based Social Policies

    In 2019 AEG Community Foundation contributed to Louisville Urban League ($10,000), an organization whose national affiliate opposed the Trump administration’s attempt to limit the use of affirmative action in college admissions. 9

    Poverty Support Organizations

    In 2019 AEG Community Foundation contributed to a host of organizations that provide entertainment and education services to the poor. AEG foundation has contributed to ACH Clear Pathways ($10,000), Adelante Youth Alliance ($10,000), Community Alliance ($10,000), Conscious Alliance ($10,000), Contra Tiempo ($10,000), Everybody Wins D.C. ($10,000), Higher Achievement Program ($10,000), Hollenbeck Police Activities League($10,000), just keep livin Foundation ($10,000), Living Arts ($10,000), Musicopia ($10,000), Nashville Public Library Foundation ($10,000), Playworks Education Energized ($10,000), United Roots ($10,000), Vista Maria ($10,000), Wellnest ($10,000), West End House ($10,000), Young Dance ($10,000).

    Leadership

    Dan Beckerman, the CEO of AEG, serves as the president of the AEG Foundation. Before joining AEG, Beckerman was the vice president of finance for the Los Angeles Clippers, and prior to that, he was a senior accountant at the now-defunct Arthur Andersen LLP accounting company. 10

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2023 $173,494 $435,378 $324,943 View
    2022 $60,426 $16,521 $5,751 View
    2021 $50,678 $14,225 $13,338 View
    2020 $58,769 $260,504 $279,413 View
    2018 $149,330 $611,729 $574,680 View

    Prior year filings: 2019, 2017, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $5,000
    • Number of Grants: 2
    • Number of Funders: 1

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $2,5002022 Enterprise Holdings FoundationProgram Support
    $2,5002021 Enterprise Holdings FoundationPROGRAM SUPPORT

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $580,000
    • Number of Grants: 24
    • Number of Recipients: 22

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $150,0002020 Heart of Los Angeles IncGENERAL SUPPORT
    $100,0002020 LTSC Community Development Corporation/Little Tokyo Service CenterGENERAL SUPPORT
    $25,0002023 Alianza Coachella ValleyADVANCING EQUITY THROUGH YOUTH CAPACITY BUILDING
    $25,0002023 All Peoples Community CenterAFTER-SCHOOL "TOMORROW'S LEADERS" PROGRAM
    $25,0002023 Central American Resource Center – CARECEN – of CaliforniaCARECEN COLLEGE HEAD START
    $25,0002023 LIVING ARTSOUT OF SCHOOL ARTS FOR SOUTHWEST DETROIT
    $25,0002023 LTSC Community Development Corporation/Little Tokyo Service CenterMI CASA IN LITTLE TOKYO
    $25,0002023 The Salvation ArmyLOS ANGELES RED SHIELD YOUTH AND COMMUNITY CENTER
    $25,0002023 Wellnest Emotional Health & WellnessMENTAL HEALTH SERVICES FOR TRANSITION-AGED YOUTH AT THE NEST ON FLORENCE
    $15,0002023 Read to A Child Inc.READ ALOUD MENTORING PROGRAM
    $10,0002023 ANGELICA CENTER FOR ARTS AND MUSICACAM ARTS AND MUSIC PROGRAM
    $10,0002023 BOSS, Inc.BOSS (BUSINESS OF STUDENT SUCCESS)
    $10,0002023 California Hospital Medical Center -Los AngelesHOPE STREET YOUTH CENTER
    $10,0002023 California Science Center FoundationCOMMUNITY YOUTH PROGRAMS
    $10,0002023 GROUNDSWELL COMMUNITY MURAL PROJECT INCGROUNDSWELL STUDIO PROGRAMS: AFTERSCHOOL & SUMMER
    $10,0002023 Girls Write NashvilleGIRLS WRITE NASHVILLE WRITERS GUILDS
    $10,0002023 Heart of Los Angeles (hola)AFTER-SCHOOL ENRICHMENT PROGRAMMING
    $10,0002023 LOS ANGELES BROTHERHOOD CRUSADE INCBROTHERHOOD CRUSADE SOCCER FOR SUCCESS PROGRAM
    $10,0002023 Shared Housing Center IncCAMP CARE
    $10,0002023 THE TROY ANDREWS FOUNDATIONTROMBONE SHORTY ACADEMY
    $10,0002023 Upbeat Academy FoundationUPBEAT STUDIOS
    $10,0002023 Youth RadioADVANCING YOUTH ENGAGEMENT THROUGH MEDIA ARTS
    $10,0002020 All Peoples Community CenterGENERAL SUPPORT
    $10,0002020 St Francis CenterGENERAL SUPPORT

    References

    1. “About” AEG Worldwide. https://www.aegworldwide.com/about
    2. Kohli, Sonali. “What it’s like to be a teen in L.A. with a parent in the U.S. illegally | Los Angeles Times” Innercity Struggle. May 8, 2017. Accessed September 22, 2021. https://www.innercitystruggle.org/what_it_s_like_to_be_a_teen_in_l_a_with_a_parent_in_the_u_s_illegally
    3. Return of Organization Exempt from Income Tax (Form 990). AEG Community Foundation. Section C and Section L. 2019.
    4. Return of Organization Exempt from Income Tax (Form 990). AEG Community Foundation. Part I, line 12. 2019.
    5. Return of Organization Exempt from Income Tax (Form 990). AEG Community Foundation. Part I, line 18. 2019.
    6. Return of Organization Exempt from Income Tax (Form 990). AEG Community Foundation. Part I, line 22. 2019.
    7. “Rent Control.” Innercity Struggle. https://www.innercitystruggle.org/victories
    8. “Who We Are” Grades of green. https://gradesofgreen.org/who-we-are/
    9. “National Urban League Statement on Justice Department Intent to Undo Affirmative Action in College Admissions” Urban League of Springfield. August 2, 2017. Accessed September 22, 2021. http://ulspringfield.org/news_article/national-urban-league-statement-on-justice-department-intent-to-undo-affirmative-action-in-college-admissions/
    10. Lopez, Ricardo. “Meet new AEG chief executive Dan Beckerman, longtime finance man” Los Angeles Times. March 14, 2013. September 22, 2021. https://www.latimes.com/business/la-xpm-2013-mar-14-la-fi-mo-aeg-david-beckerman-20130314-story.html