Glacs Endowment Fund
- Assets
- $3.6m
- Revenue
- $44.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 09/2009
- Data as of
- 12/2020
- EIN
- 26-3945798
Organization Overview
Glacs Endowment Fund is located in Honolulu, HI. The organization was established in 2009. 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. Glacs Endowment Fund 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 12/2020, Glacs Endowment Fund generated $44.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $188.9k during the year ending 12/2020. While expenses have increased by 17.7% 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 2015, Glacs Endowment Fund has awarded 145 individual grants totaling $1,237,517. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Nygren Director | 0.1 | $0 | |
Garnet A Giles Director, President, Treas | 5 | $0 | |
Lois Giles Director, Secretary | 0.5 | $0 | |
Amanda Lutz Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,986 |
| Interest on Savings | $105 |
| Dividends & Interest | $91,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$117,257 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,756 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,008 |
| Total operating and administrative expenses | $48,329 |
| Contributions, gifts, grants paid | $140,536 |
| Total expenses and disbursements | $188,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,440,820 |
| 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 | $3,596,113 |
| 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, Glacs Endowment Fund has awarded $360,547 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Mamaroneck, NY PURPOSE: GENERAL EXEMPT FUNCTION PROGRAMS | $80,000 |
Arlington, VA PURPOSE: GENERAL EXEMPT FUNCTION PROGRAMS | $60,000 |
Chicago, IL PURPOSE: GENERAL EXEMPT FUNCTION PROGRAMS | $35,000 |
Arlington, VA PURPOSE: GENERAL EXEMPT FUNCTION PROGRAMS | $25,000 |
Washington, DC PURPOSE: GENERAL EXEMPT FUNCTION PROGRAMS | $25,000 |
GRASSROOT INSTITUTE OF HAWAII PURPOSE: GENERAL EXEMPT FUNCTION PROGRAMS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |