Financials
We are committed to being transparent about how Barr deploys its financial resources.Tax Returns
As a private foundation, Barr posts its tax return (Form 990-PF) each year when we file with the IRS. Our three most recent 990s are available for download below.
President’s Compensation
Compensation for the president is determined by the Board of Trustees, excluding the president. In making such determinations, the board relies upon salary and benefits information from third-party sources, as well as its annual review of the president’s job performance.
For 2024, as president, Jim Canales earned $820,269 in salary, $23,879 in matching contributions to his 401(k) retirement account, and $27,355 in contributions to medical and other benefits. As part of his full-time employment, Jim Canales devotes a small portion of this time to Pilot House Associates, the Barr Foundation’s affiliated family office, for which he is separately compensated by Pilot House Associates.
Audited Financial Statements
Each year, Barr retains independent auditors to audit our annual financial statements. Reports from the three most recent years are available below for download.
- In 2024, Barr made grant payments of $123 million while incurring $14m in management and general expenses. 2024 Financial Statement
- In 2023, Barr made grant payments of $106 million while incurring $14m in management and general expenses. 2023 Financial Statement
- In 2022, Barr made grant payments of $108 million while incurring $14m in management and general expenses. 2022 Financial Statement