Karlgaard Family Foundation
- Assets
- $23.4m
- Revenue
- $6.2m
- Investments
- $23.3m
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 31-1810538
Organization Overview
Karlgaard Family Foundation is located in Great Falls, VA. The organization was established in 2001. 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. Karlgaard 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, Karlgaard Family Foundation generated $6.2m in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 34.4% per year over the past 4 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, Karlgaard Family Foundation has awarded 19 individual grants totaling $2,982,571. 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
UNIVERSITY OF WISCONSIN EAU CLAIRE FOUNDATIONSCHOLARSHIPS, TEACHING AWARDS, GENERAL USE
INOVA HEALTH CARE FOUNDATIONNURSING SCHOLARSHIPS
GEORGE WASHINGTON UNIVERSITYSCHOLARSHIPS, PROFESSORSHIP
UNIVERSITY OF CALIFORNIA SAN FRANCISCORESEARCH ON ARTIFICIAL KIDNEY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn E Karlgaard VP & Sec | 2 | $0 | |
Joanna V Karlgaard Asst VP | 1 | $0 | |
Christopher D Karlgaard Asst VP | 1 | $0 | |
David C Karlgaard Pres & Treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,896,161 |
| Interest on Savings | $24 |
| Dividends & Interest | $277,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,988,765 |
| Capital Gain Net Income | $2,988,765 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,162,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154,735 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $341 |
| Total operating and administrative expenses | $159,076 |
| Contributions, gifts, grants paid | $1,652,258 |
| Total expenses and disbursements | $1,811,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,851 |
| 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 | $23,403,259 |
| 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, Karlgaard Family Foundation has awarded $1,652,258 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN EAU CLAIRE FOUNDATION PURPOSE: SCHOLARSHIPS, TEACHING AWARDS, GENERAL USE | $962,074 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIPS, PROFESSORSHIP | $320,000 |
INOVA HEALTH FOUNDATION HOSPITAL PURPOSE: NURSING SCHOLARSHIPS | $250,000 |
UNIVERSITY OF WISCONSIN EAU CLAIRE FOUNDATION PURPOSE: SCHOLARSHIPS, TEACHING AWARDS, GENERAL USE | $47,500 |
UNIVERSITY OF WISCONSIN EAU CLAIRE FOUNDATION PURPOSE: SCHOLARSHIPS, TEACHING AWARDS, GENERAL USE | $32,684 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION PURPOSE: ARTIFICIAL KIDNEY RESEARCH | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |