Gerrish H Milliken Foundation
- Assets
- $3.9m
- Revenue
- $32.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1964
- Data as of
- 12/2022
- EIN
- 06-6037106
Organization Overview
Gerrish H Milliken Foundation is located in Wilmington, DE. The organization was established in 1964. 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. Gerrish H Milliken 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 12/2022, Gerrish H Milliken Foundation generated $32.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $499.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gerrish H Milliken Foundation has awarded 123 individual grants totaling $555,000. 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 |
|---|---|---|---|
Peter Milliken Trustee | 1 | $0 | |
Thomas Hamilton Officer / Treasurer | 1 | $0 | |
Stephen G Milliken Trustee | 1 | $0 | |
John W Milliken Trustee | 1 | $0 | |
Phoebe Whipple Trustee | 1 | $0 | |
Gerrish H Milliken III Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,578 |
| Interest on Savings | $0 |
| Dividends & Interest | $158,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$194,563 |
| Total Revenue | $32,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,099 |
| Total operating and administrative expenses | $35,144 |
| Contributions, gifts, grants paid | $464,000 |
| Total expenses and disbursements | $499,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $243,323 |
| 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 | $3,612,844 |
| Total assets | $3,856,167 |
| 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, Gerrish H Milliken Foundation has awarded $464,000 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
MISSOULA URBAN DEMONSTRATION PROJECT PURPOSE: GENERAL | $1,000 |
NATURAL RESOURCES DEFENSE COUNCIL INC PURPOSE: GENERAL | $8,000 |
BRAC USA INC PURPOSE: GENERAL | $5,000 |
ROCKEND INC PURPOSE: GENERAL | $5,000 |
H O M E INC PURPOSE: GENERAL | $5,000 |
NC FIELD INC PURPOSE: GENERAL | $1,000 |