Grainger Foundation Inc
- Assets
- $184.2m
- Revenue
- $17.0m
- Investments
- $168.1m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 04/1968
- Data as of
- 12/2021
- EIN
- 36-6192971
The information for Grainger Foundation Inc is as of the organization's most recent filing in December 2020. This organization is located in Lake Forest, IL. It has been in existence for 52 years, following its founding in 1968.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Grainger Foundation Inc's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G J Sinclair Senior Vice President & Secretary | 30 | $285,175 | |
J S Chapman Chairman & Director | 15 | $200,000 | |
Julia Wold Vice President | 12 | $60,950 | |
C J Bellmore Treasurer | 6 | $50,000 | |
D L Kendall Senior Vice President And Director | 5 | $50,000 | |
W B Hayden Vice President | 4 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 12/30/21 | $620,412 |
William Blair | 12/30/21 | $104,909 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,485,765 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,530,242 |
| Capital Gain Net Income | $11,530,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,016,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $686,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $69,419 |
| Interest | $0 |
| Taxes | $228,601 |
| Depreciation | $0 |
| Occupancy | $83,722 |
| Travel, conferences, and meetings | $1,652 |
| Printing and publications | $338 |
| Other expenses | $60,549 |
| Total operating and administrative expenses | $1,880,727 |
| Contributions, gifts, grants paid | $63,349,480 |
| Total expenses and disbursements | $65,230,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,303 |
| Savings and temporary cash investments | $15,464,142 |
| 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 | $184,158,239 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |