Gar Foundation
- Assets
- $154.2m
- Revenue
- $27.3m
- Investments
- $107.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1967
- Data as of
- 12/2021
- EIN
- 34-6577710
Organization Overview
Gar Foundation is located in Pittsburgh, PA. The organization was established in 1967. 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. Gar 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, Gar Foundation generated $27.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $11.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gar Foundation has awarded 705 individual grants totaling $35,754,409. 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 |
|---|---|---|---|
Pnc Bank N A Co-Trustee | 50 | $962,413 | |
Christine A Mayer President | 40 | $317,436 | |
Kirstin S Toth Senior Vice Presiden | 40 | $241,636 | |
Robert Lehr Sr Program Officer | 40 | $97,382 | |
Lisa M Yates Operation Manager | 40 | $81,627 | |
Jessica A Cherok Grants Manager | 40 | $71,641 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westfield Capital Management | 12/30/21 | $136,395 |
Systematic Financial Mgmt | 12/30/21 | $99,517 |
Fisher Investments | 12/30/21 | $136,556 |
The London Company | 12/30/21 | $106,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,267,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,300,533 |
| Capital Gain Net Income | $17,300,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,710,175 |
| Total Revenue | $27,278,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $971,638 |
| Other employee salaries and wages | $1,017,547 |
| Pension plans, employee benefits | $3,203 |
| Interest | $0 |
| Taxes | $306,897 |
| Depreciation | $97,650 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,328 |
| Printing and publications | $0 |
| Other expenses | $1,247,773 |
| Total operating and administrative expenses | $3,849,582 |
| Contributions, gifts, grants paid | $7,174,986 |
| Total expenses and disbursements | $11,024,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,404 |
| Savings and temporary cash investments | $8,196,003 |
| 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 | $3,257,449 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,448,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,301,759 |
| Total assets | $154,151,242 |
| 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, Gar Foundation has awarded $6,782,643 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: SCHEDULED GRANT PAYMENT | $292,500 |
FUND FOR OUR ECONOMIC FUTURE PURPOSE: FEB 2019 GRANT | $283,334 |
UNITED WAY OF SUMMIT COUNTY PURPOSE: PROFESSIONAL DEVELOPMENT | $255,000 |
AKRON PUBLIC SCHOOLS PURPOSE: GRIFFIN INSPIRATION STATION | $250,000 |
GREATER AKRON CHAMBER PURPOSE: GENERAL SUPPORT | $235,000 |
UNITED WAY OF SUMMIT COUNTY PURPOSE: GENERAL SUPPORT PLUS | $231,100 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gar Foundation has recieved totaling $20,240.
| Awarding Organization | Amount |
|---|---|
Greater Washington Community Foundation Washington, DC | | $10,000 |
Greater Washington Community Foundation Washington, DC | | $10,000 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |