Steelcase Foundation
- Assets
- $143.7m
- Revenue
- $6.3m
- Investments
- $138.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 06/1953
- Data as of
- 12/2021
- EIN
- 38-6050470
Organization Overview
Steelcase Foundation is located in Grand Rapids, MI. The organization was established in 1953. 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. Steelcase 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, Steelcase Foundation generated $6.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $478.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Steelcase Foundation has awarded 22 individual grants totaling $14,344,581. 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 |
|---|---|---|---|
Daniel Williams President (began Feb. 2021) | 40 | $11,386 | |
Julie Ridenour President (through Feb. 2021) | 40 | $2,294 | |
Robert C Pew Trustee | 1 | $0 | |
James P Keane Trustee (through July 2021) | 1 | $0 | |
Mary Anne Hunting Trustee | 1 | $0 | |
Kate Pew Wolters Board Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 11/29/20 | $207,717 |
Fifth Third Bank | 11/29/20 | $59,824 |
Cambridge Associates | 11/29/20 | $0 |
Sanderson Int'l Value Tobacco Free | 11/29/20 | $0 |
Fifth Third Bank | 11/29/20 | $0 |
Sanderson Int'l Value Tobacco Free Fund | 11/29/20 | $63,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,154 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,228,902 |
| Capital Gain Net Income | $6,228,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,344 |
| Total Revenue | $6,319,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,680 |
| Other employee salaries and wages | $15,574 |
| Pension plans, employee benefits | $4,859 |
| Interest | $0 |
| Taxes | $8,053 |
| Depreciation | $0 |
| Occupancy | $27 |
| Travel, conferences, and meetings | $118 |
| Printing and publications | $1,290 |
| Other expenses | $5,225 |
| Total operating and administrative expenses | $195,956 |
| Contributions, gifts, grants paid | $282,883 |
| Total expenses and disbursements | $478,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,516,281 |
| Savings and temporary cash investments | $0 |
| 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 | $134,159,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $143,675,426 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,253,868 |
| 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 | $2,253,868 |
Grants Awarded
Over the last fiscal year, Steelcase Foundation has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $25,000 |
Lansing, MI PURPOSE: KIDS COUNT: BUILDING COMMUNITY WITH ADVOCATES AND STORYTELLERS IN WEST MICHIGAN | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Steelcase Foundation has recieved totaling -$9,800.
| Awarding Organization | Amount |
|---|---|
Dyer-Ives Foundation Grand Rapids, MI PURPOSE: REIMBURSEMENT | -$9,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |