Karlgaard Family Foundation
- Assets
- $21.1m
- Revenue
- $1.7m
- Investments
- $21.0m
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 12/2001
- Data as of
- 12/2023
- 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 12/2023, Karlgaard Family Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Karlgaard Family Foundation has awarded 40 individual grants totaling $6,508,345. 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
2023
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 |
|---|---|---|---|
David C Karlgaard Pres & Treas | 2 | $0 | |
Marilyn E Karlgaard VP & Sec | 2 | $0 | |
Joanna V Karlgaard Asst VP | 1 | $0 | |
Christopher D Karlgaard Asst VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,468,288 |
| Interest on Savings | $325 |
| Dividends & Interest | $282,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$53,264 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,698,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,505 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87 |
| Total operating and administrative expenses | $7,092 |
| Contributions, gifts, grants paid | $1,839,244 |
| Total expenses and disbursements | $1,846,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,691 |
| 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 | $21,096,570 |
| 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 $1,839,244 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
INOVA HEALTH FOUNDATION PURPOSE: NURSING SCHOLARSHIPS | $250,000 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIPS, PROFESSORSHIP | $340,000 |
CORNELL UNIVERSITY COLLEGE OF VETERINARY MEDICINE PURPOSE: VETERINARY SCHOLARSHIP | $10,000 |
UNIVERSITY OF WISCONSIN EAU CLAIRE FOUNDATION PURPOSE: SCHOLARSHIPS, TEACHING AWARDS, GENERAL USE | $1,175,000 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION PURPOSE: ARTIFICIAL KIDNEY RESEARCH | $25,000 |
VIRGINIA TECH FOUNDATION PURPOSE: SCHOLARSHIPS | $6,000 |