Gerald R Ford Foundation
- Assets
- $49.5m
- Revenue
- $6.0m
- Investments
- $11.1m
- Employees
- 10
- Location
- Grand Rapids, MI
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 38-2368003
Organization Overview
Gerald R Ford Foundation is located in Grand Rapids, MI. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Gerald R Ford Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald R Ford 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, Gerald R Ford Foundation generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE GERALD R. FORD PRESIDENTIAL LIBRARY AND MUSEUM FOR EXHIBITS, CONFERENCES, AND EDUCA- TIONAL PROGRAMS TO PROMOTE THE LEGACY AND IDEALS OF GERALD R. FORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION SUPPORTED ACTIVITIES INCLUDE SMITHSONIAN QUALITY FEATURE EXHIBITS, NOTED SPEAKERS, AND VARIOUS COMMUNITY ACTIVITIES. INCLUDING HOSTING THE MICHIGAN WOLVERINE FOOTBALL TEAM, PROGRAMS CELEBRATING THE 50TH ANNIVERSARY OF WATERGATE, AND HOSTING THE BOY SCOUTS AND COMMUNITY WITH A TRIBUTE TO THE 20TH ANNIVERSARY OF 9/11.
FOUNDATION SUPPORT OF THE GERALD R. FORD PRESIDENTIAL LIBRARY AND PRESIDENTIAL MUSEUM IN 2022 INCLUDED PAYMENTS FOR EXHIBIT IMPROVEMENTS, THE NATIONAL GUITAR EXHIBIT PAYMENT, AND THE FINAL PAYMENT OF THE SISTINE CHAPEL EXHIBIT.
THE FOUNDATION SUPPORTS RESEARCH AND EDUCATION THROUGH PROGRAMS INCLUDING ANNUAL JOURNALISM PRIZES, RESEARCH GRANTS AND INTERNSHIPS. JOURNALISM PRIZES RECOGNIZE REPORTORIAL EXCELLENCE AND THE FOSTERING OF BETTER PUBLIC UNDERSTANDING OF THE PRESIDENCY AND NATIONAL DEFENSE. TWO $5,000 PRIZES WERE AWARDED IN 2022. RESEARCH GRANTS SUPPORT RESEARCH IN THE HOLDINGS OF THE FORD PRESIDENTIAL LIBRARY. FOURTEEN GRANTS TOTALING $19,800 WERE AWARDED IN 2022. MUSEUM INTERNSHIPS OFFER COLLEGE STUDENTS PRACTICAL EXPERIENCE DURING 240 HOURS OF WORK AT THE FORD PRESIDENTIAL MUSEUM AND INCLUDE A $1,000 STIPEND UPON COMPLETION. THREE INTERNSHIPS WERE GRANTED IN 2022 TOTALING $2,410. THE FOUNDATION LAUNCHED A NEW CIVIC INITIATIVE, THE FORD LEADERSHIP FORUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gleaves Whitney Executive Director | Officer | 50 | $209,625 |
Martin J Allen Jr Chairman Emeritus | OfficerTrustee | 0.5 | $0 |
Hank Meijer Vice Chairman | OfficerTrustee | 0.2 | $0 |
David Hoogendoorn Treasurer | OfficerTrustee | 2.3 | $0 |
Terrence O'donnell Secretary | OfficerTrustee | 0.5 | $0 |
David Brandon Trustee | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Xibitz Inc Exhibit Fabrication | 12/30/17 | $138,404 |
National Archives Foundation Artifact Archiving | 12/30/17 | $259,250 |
National Archives Foundation Artifact Archiving | 12/30/17 | $259,250 |
Xibitz Inc Exhibit Fabrication | 12/30/17 | $138,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,348,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,348,577 |
| Total Program Service Revenue | $0 |
| Investment income | $464,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,435 |
| Net Gain/Loss on Asset Sales | $2,158,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,988,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,868 |
| Grants and other assistance to domestic individuals. | $22,986 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,699 |
| Compensation of current officers, directors, key employees. | $210,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,467 |
| Pension plan accruals and contributions | $24,817 |
| Other employee benefits | $106,551 |
| Payroll taxes | $42,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,284 |
| Fees for services: Other | $119,409 |
| Advertising and promotion | $43,804 |
| Office expenses | $48,361 |
| Information technology | $11,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,938 |
| All other expenses | $57,382 |
| Total functional expenses | $1,250,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $684,371 |
| Pledges and grants receivable | $2,718,981 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,931,922 |
| Investments—other securities | $11,127,153 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,360 |
| Total assets | $49,485,787 |
| Accounts payable and accrued expenses | $2,940 |
| Grants payable | $52,730 |
| Deferred revenue | $112,372 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $168,042 |
| Net assets without donor restrictions | $38,530,286 |
| Net assets with donor restrictions | $10,787,459 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,485,787 |
Grants Awarded
Over the last fiscal year, Gerald R Ford Foundation has awarded $197,924 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAUENSTEIN CENTER - GRAND VALLEY STATE UNIVERSITY PURPOSE: PRESIDENTIAL STUDIES | $26,092 |
THE GERALD FORD PRESIDENTIAL MUSEUM PURPOSE: Transfer Statue | $171,832 |