Jennifer And Robert Grunbeck Family Foundation
- Assets
- $572.5k
- Revenue
- $880.4k
- Investments
- $361.4k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 02-6123078
Organization Overview
Jennifer And Robert Grunbeck Family Foundation is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jennifer And Robert Grunbeck Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Jennifer And Robert Grunbeck Family Foundation generated $880.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $265.5k during the year ending 12/2021. While expenses have increased by 32.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jennifer And Robert Grunbeck Family Foundation has awarded 59 individual grants totaling $447,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America Part Year Agent For Fiduciary | 1 | $3,353 | |
Jennifer A Grunbeck Trustee | 1 | $0 | |
Robert M Grunbeck Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $377,175 |
| Interest on Savings | $63 |
| Dividends & Interest | $3,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $499,492 |
| Capital Gain Net Income | $499,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $880,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,353 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155 |
| Total operating and administrative expenses | $5,058 |
| Contributions, gifts, grants paid | $260,460 |
| Total expenses and disbursements | $265,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $211,047 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $572,457 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jennifer And Robert Grunbeck Family Foundation has awarded $260,460 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Manchester, NH PURPOSE: GENERAL OPERATING SUPPORT | $212,960 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
THE DERRYFIELD SCHOOL PURPOSE: SUPPORT FOR BREAKTHROUGH MANCHESTER | $5,500 |
COMMUNITY FOUNDATION OF MIDDLE TN PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
PAN MASS CHALLENGE PURPOSE: GENERAL OPERATING SUPPORT | $4,500 |
SHARE OUTREACH PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |