Robert H And Katharine B Garff Foundation
- Assets
- $2.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-1412845
Organization Overview
Robert H And Katharine B Garff Foundation is located in Salt Lake City, UT. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Robert H And Katharine B Garff 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, Robert H And Katharine B Garff Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 44.3% per year over the past 6 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 2016, Robert H And Katharine B Garff Foundation has awarded 51 individual grants totaling $16,662,577. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECCLES THEATER TO SUPPORT THE CONSTRUCTION OF THE THEATER
HURRICANE HARVEY RELIEF EFFORTS TO ASSIST DISASTER RELIEF EFFORTS
UNIVERSITY OF UTAH FOOTBALL PROGRAM TO HELP FUND FOOTBALL FIELD
UNIVERSITY OF UTAH BUSINESS SCHOOL TO HELP FUND CONSTRUCTION OF BUILDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer G Folkerson Director | 1 | $0 | |
Matthew B Garff President | 1 | $0 | |
Katherine B Garff Director | 1 | $0 | |
Melissa G Ballard Vice President | 1 | $0 | |
Mary Menlove Treasurer | 1 | $0 | |
John K Garff Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,484,077 |
| Interest on Savings | $293 |
| Dividends & Interest | $122,045 |
| 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 | $0 |
| Total Revenue | $3,606,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $136 |
| Total operating and administrative expenses | $1,283 |
| Contributions, gifts, grants paid | $4,519,936 |
| Total expenses and disbursements | $4,521,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575,024 |
| Savings and temporary cash investments | $627,612 |
| 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 | $1,500,000 |
| Total assets | $2,702,636 |
| Accounts payable and accrued expenses | $51,785 |
| 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 | $51,785 |
Grants Awarded
Over the last fiscal year, Robert H And Katharine B Garff Foundation has awarded $4,519,936 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: DONATION TO SUPPORT UNIVERSITY OF UTAH'S ATHLETIC PROGRAM | $2,700,000 |
GEORGE S AND DOLORES DORE ECCLES THEATER PURPOSE: CONSTRUCTION OF THE ECCLES THEATER | $800,000 |
UNIVERSITY OF UTAH PURPOSE: DONATION TO SCHOOL OF BUSINESS | $500,000 |
UNIVERSITY OF UTAH PURPOSE: ROBERT H GARFF SCHOLARSHIP | $349,000 |
THE NEW LEADERSHIP ACADEMY LLC PURPOSE: GENERAL DONATION | $25,000 |
Salt Lake City, UT PURPOSE: GENERAL DONATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Dick Scheffel Family Charitable Foundation Reno, NV | $5,433,390 | $2,908,793 |
The W W Smith Charitable Trust Las Vegas, NV | $204,297,707 | $16,939,254 |