Tax Returns

As a private foundation, Barr posts its tax return (Form 990-PF) each year when we file with the IRS. Barr’s Form 990-PF reports the president’s compensation, as well as that of the five highest-paid employees. We recognize this information is often of interest. The relevant pages from our three most recent 990s are available for download below.  

• 2023 990-PF
• 2022 990-PF
• 2021 990-PF

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. In setting compensation for all other staff, the Foundation’s management relies upon these same salary surveys and on annual performance reviews. 

For 2023, as president, Jim Canales earned $803,488 in salary, $27,977 in matching contributions to his 401(k) retirement account, and $23,931 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 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
• In 2021, Barr made grant payments of $100 million while incurring $12 million in management and general expenses. 2021 Financial Statement