Large Asset Reserves
CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. PKD Foundation's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
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Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Susan Bushnell | President / CEO | $364,576 |
| 2 | Carmen Gleason | Chief Operating Officer | $289,074 |
| 3 | Craig Robertson | Chief Growth Officer | $274,554 |
|
1 Name: Susan Bushnell Title: President / CEO Compensation: $364,576 |
|
2 Name: Carmen Gleason Title: Chief Operating Officer Compensation: $289,074 |
|
3 Name: Craig Robertson Title: Chief Growth Officer Compensation: $274,554 |
Analysts' Notes
According to the PKD Foundation audit of June 30, 2025 (Note 12, Contributed Nonfinancial Assets): The Foundation received contributed nonfinancial assets during fiscal 2025 on which it placed a total value of $304,512. CharityWatch's adjusted total of contributed nonfinancial assets received during fiscal 2025 is $310,005. The adjustments used to arrive at this figure are primarily due to the monetization of certain contributed nonfinancial assets, according to the Foundation's fiscal 2025 tax filing (IRS Form 990, Schedule M, Part II). |
According to the PKD Foundation audit of June 30, 2025 (Note 6, Contractual Services): "The Foundation has contracted with Tri-Net as part of a client service agreement, effective December 2022, to
engage in a co-employment relationship with the Foundation. Tri-Net provides personnel management services to
the Foundation’s employees including payment of salaries, wages, payroll taxes, employee benefits and
procurement of workers’ compensation insurance, and administration of claims. The Foundation has paid
approximately $3,790,000 and $3,548,000 to Tri-Net as part of these agreements for the years ended June 30,
2025 and 2024, respectively, which includes the payment of salaries, various employee benefits and fees." |
According to the PKD Foundation audit of June 30, 2025 (Note 13, Significant Estimates and Concentrations, Contributions): "Approximately 33% and 26% of all contributions were received from three donors in 2025 and 2024, respectively." |
According to the PKD Foundation tax filing for the fiscal year ended June 30, 2025, the Foundation reports re: Compensation, Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II): The Foundation reports providing "bonus and incentive compensation" to three individuals during 2024: 1) Susan Bushnell, President & CEO, received $18,492 of bonus and incentive compensation with total reported compensation of $364,576. 2) Carmen Gleason, Chief Operating Officer, received $16,380 of bonus and incentive compensation with total reported compensation of $289,074. 3) Craig Robertson, Chief Growth Officer, received $13,975 of bonus and incentive compensation with total reported compensation of $274,554. |