Ge Foundation
- Assets
- $3.1m
- Revenue
- $35.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 22-2621967
Organization Overview
Ge Foundation is located in Norwalk, CT. The organization was established in 1985. 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. Ge 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, Ge Foundation generated $35.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $37.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ge Foundation has awarded 20,123 individual grants totaling $90,113,302. 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 |
|---|---|---|---|
Linda Boff President | 1 | $0 | |
Kevin Cox Chairman | 1 | $0 | |
Kathleen Mayglothling Secretary | 1 | $0 | |
Donna Granfors Acting Treasurer/controller | 1 | $0 | |
Michael Holston Board Member | 1 | $0 | |
Jacey Welsh Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sullivan & Cromwell Llp | 12/30/22 | $85,000 |
Fleishman Hillard Inc | 12/30/22 | $150,000 |
Cybergrants Inc | 12/30/22 | $167,227 |
Ge Company | 12/30/22 | $1,111,912 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,200,635 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,374 |
| 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 | $35,323,009 |
| 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 | $334,653 |
| Total operating and administrative expenses | $1,542,311 |
| Contributions, gifts, grants paid | $35,482,384 |
| Total expenses and disbursements | $37,024,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,565,510 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $500,000 |
| 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 | $14,186 |
| Total assets | $3,079,696 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,581,015 |
| 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 | $1,581,015 |
Grants Awarded
Over the last fiscal year, Ge Foundation has awarded $34,673,072 in support to 7,625 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS IMPACT COMMUNITY PURPOSE: MATCHING GIFTS | $50 |
WYSO - MIAMI VALLEY PUBLIC MEDIA INC PURPOSE: MATCHING GIFTS | $150 |
CATHOLIC CHARITIES SENIOR AND CAREGIVER SUPPORT SERVICES PURPOSE: MATCHING GIFTS | $100 |
WYSO - MIAMI VALLEY PUBLIC MEDIA INC PURPOSE: MATCHING GIFTS | $120 |
(H)UMANITY (E)LEVATES (L)IVES (P)OSITIVELY CORPORATION PURPOSE: MATCHING GIFTS | $50 |
(H)UMANITY (E)LEVATES (L)IVES (P)OSITIVELY CORPORATION PURPOSE: MATCHING GIFTS | $75 |