The Virginia W Kettering Foundation
- Assets
- $23.8m
- Revenue
- $1.3m
- Investments
- $22.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 31-6570701
Organization Overview
The Virginia W Kettering Foundation is located in Chicago, IL. The organization was established in 1997. 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. Virginia W Kettering 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, Virginia W Kettering Foundation generated $1.3m 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 (7.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Virginia W Kettering Foundation has awarded 291 individual grants totaling $6,590,136. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $793,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $489,430 |
| Capital Gain Net Income | $489,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $1,283,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,885 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,701 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,000 |
| Total operating and administrative expenses | $181,586 |
| Contributions, gifts, grants paid | $1,362,648 |
| Total expenses and disbursements | $1,544,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,576 |
| Savings and temporary cash investments | $321,886 |
| 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 | $2,466,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,769,796 |
| 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, The Virginia W Kettering Foundation has awarded $1,362,648 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN DAYTON PURPOSE: GENERAL | $21,000 |
HOUSE OF BREAD FOR LUNCH PURPOSE: GENERAL | $20,000 |
HUMAN RACE THEATRE PURPOSE: GENERAL | $25,000 |
MIAMI COUNTY DENTAL CLINIC PURPOSE: GENERAL | $2,500 |
COX ARBORETUM FOUNDATION PURPOSE: GENERAL | $15,000 |
K12 GALLERY FOR YOUNG PEOPLE PURPOSE: GENERAL | $15,000 |