Steelcase Foundation
- Assets
- $126.2m
- Revenue
- $2.7m
- Investments
- $123.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 06/1953
- Data as of
- 12/2023
- 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 12/2023, Steelcase Foundation generated $2.7m 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 (16.6%) each year. All expenses for the organization totaled $9.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Steelcase Foundation has awarded 198 individual grants totaling $26,968,574. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Pew Wolters Board Chair | 1 | $0 | |
Robert C Pew III Trustee | 1 | $0 | |
Mary Anne Hunting Trustee | 1 | $0 | |
Elizabeth Welch Trustee | 1 | $0 | |
Craig Niemann Trustee | 1 | $0 | |
Robert C Pew Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 11/29/20 | $207,717 |
Sanderson Int'l Value Tobacco Free Fund | 11/29/20 | $63,961 |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $261,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $193,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,580,574 |
| Capital Gain Net Income | $1,580,574 |
| Net ST Capital Gain | $193,614 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $695,043 |
| Total Revenue | $2,729,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $199,246 |
| Other employee salaries and wages | $261,683 |
| Pension plans, employee benefits | $95,071 |
| Interest | $0 |
| Taxes | $90,000 |
| Depreciation | $0 |
| Occupancy | $1,203 |
| Travel, conferences, and meetings | $12,559 |
| Printing and publications | $8,537 |
| Other expenses | $154,372 |
| Total operating and administrative expenses | $1,665,777 |
| Contributions, gifts, grants paid | $7,665,637 |
| Total expenses and disbursements | $9,331,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,759,645 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $113,084 |
| 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 | $120,203,602 |
| Net Land, buildings, and equipment | $42,621 |
| Other assets | $0 |
| Total assets | $126,164,413 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,264,644 |
| 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 | $7,264,644 |
Grants Awarded
Over the last fiscal year, Steelcase Foundation has awarded $6,979,413 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
DIATRIBE INC PURPOSE: PROGRAM SUPPORT | $125,000 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $285,000 |
KCONNECT PURPOSE: PROGRAM SUPPORT | $100,000 |
STREAMS OF HOPE PURPOSE: PROGRAM SUPPORT | $25,000 |
YOURCAUSE LLC PURPOSE: PROGRAM SUPPORT | $498,703 |
REALISM IS LOYALTY PURPOSE: PROGRAM SUPPORT | $100,000 |