Gilbert Fam Foundation
- Assets
- $92.1m
- Revenue
- $21.0m
- Investments
- $41.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 12/2022
- EIN
- 35-7294609
Organization Overview
Gilbert Fam Foundation is located in Detroit, MI. 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. Gilbert Fam 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, Gilbert Fam Foundation generated $21.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $77.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Gilbert Fam Foundation has awarded 115 individual grants totaling $81,584,197. 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 |
|---|---|---|---|
Jennifer Gilbert President | 1 | $0 | |
Jeffrey Morganroth Secretary | 1 | $0 | |
Matthew Rizik Treasurer | 1 | $0 | |
Laura Grannemann Executive Director | 24 | $0 | |
Yoori Kim Scientific Officer | 24 | $0 | |
Jay Farner Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cities Reimagined | 12/30/22 | $57,200 |
Arnold Porter | 12/30/22 | $191,897 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,285,000 |
| Interest on Savings | $186,596 |
| Dividends & Interest | $519,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,573 |
| Capital Gain Net Income | $17,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,008,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $996,409 |
| Pension plans, employee benefits | $143,059 |
| Interest | $0 |
| Taxes | $77,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $239,781 |
| Printing and publications | $0 |
| Other expenses | $515,730 |
| Total operating and administrative expenses | $2,381,191 |
| Contributions, gifts, grants paid | $75,355,988 |
| Total expenses and disbursements | $77,737,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,523,149 |
| Savings and temporary cash investments | $28,530,661 |
| Net Accounts receivable | $13,710,320 |
| 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 | $119,655 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $32,725,939 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $92,102,983 |
| Accounts payable and accrued expenses | $212,444 |
| Grants payable | $60,573,862 |
| 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 | $60,786,306 |
Grants Awarded
Over the last fiscal year, Gilbert Fam Foundation has awarded $75,355,988 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: GENERAL | -$51,025 |
SOCIAL IMPACT PURPOSE: I.AM COLLEGE TRACK | $25,000 |
WAYNE STATE UNIVERSITY PURPOSE: GRANT & ENDOWED CHAIR FOR PROFESSOR ALAN SCHENK | $25,000 |
UNITED STATES HOLOCAUST MEMORIAL MUSEUM PURPOSE: GENERAL | $25,000 |
GREEKTOWN NEIGHBORHOOD PARTNERSHIP PURPOSE: CURING NF | $40,000 |
BUILD INSTITUTE PURPOSE: ECONOMIC MOBILITY | $50,000 |