Grainger Foundation Inc
- Assets
- $165.3m
- Revenue
- $7.1m
- Investments
- $160.0m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 04/1968
- Data as of
- 12/2022
- EIN
- 36-6192971
Organization Overview
Grainger Foundation Inc is located in Lake Forest, IL. The organization was established in 1968. 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. Grainger Foundation Inc 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, Grainger Foundation Inc generated $7.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.2%) each year. All expenses for the organization totaled $46.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D W Grainger Director | 20 | $0 | |
G J Sinclair Senior Vice President & Secretary | 30 | $297,552 | |
W B Hayden Vice President | 4 | $40,000 | |
C J Bellmore Treasurer | 6 | $50,000 | |
J S Chapman Chairman Emeritus & Director | 15 | $200,000 | |
Julia Wold Vice President | 12 | $62,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 12/30/22 | $556,260 |
William Blair | 12/30/22 | $101,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,930,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,215,699 |
| Capital Gain Net Income | $3,215,699 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,146,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $649,852 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $72,513 |
| Interest | $0 |
| Taxes | $216,913 |
| Depreciation | $0 |
| Occupancy | $80,734 |
| Travel, conferences, and meetings | $5,895 |
| Printing and publications | $170 |
| Other expenses | $35,607 |
| Total operating and administrative expenses | $1,744,535 |
| Contributions, gifts, grants paid | $44,394,439 |
| Total expenses and disbursements | $46,138,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,927 |
| Savings and temporary cash investments | $4,745,131 |
| 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 | $561,565 |
| Total assets | $165,313,640 |
| 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 |