The Ralph C Wilson Jr Foundation
- Assets
- $1.3b
- Revenue
- $124.2m
- Investments
- $1.2b
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 45-0921232
Organization Overview
The Ralph C Wilson Jr Foundation is located in Detroit, MI. The organization was established in 2012. 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. Ralph C Wilson Jr 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, Ralph C Wilson Jr Foundation generated $124.2m 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 (43.6%) each year. All expenses for the organization totaled $146.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ralph C Wilson Jr Foundation has awarded 1,201 individual grants totaling $526,107,376. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
GENERATOR Z IS AN IDEAS LAB FOR TEENS AND AFTERSCHOOL PROVIDERS TO REIMAGINE THE FUTURE OF AFTERSCHOOL PROGRAMS IN SOUTHEAST MICHIGAN AND WESTERN NEW YORK. TEENS ARE THE EXPERTS OF THEIR OWN LIVES AND AFTERSCHOOL PROVIDERS ARE THE SOURCE OF AFTERSCHOOL OPPORTUNITIES. TOGETHER, THEY DRIVE THE BRIGHTEST POSSIBLE FUTURE.ONE THOUSAND TEENS ACROSS BOTH REGIONS BECAME GENERATORS AND SHARED THEIR STORIES AND INSIGHTS. OVER 200 AFTERSCHOOL PROVIDERS LEARNED FROM GENERATORS, TURNING INSIGHT INTO IDEAS. THROUGH A GRANT TO LAKESHORE CONNECTIONS, NEARLY 100 NONPROFIT ORGANIZATIONS RECEIVED FUNDING IN 2021 TO BRING THESE IDEAS TO LIFE.
TIGHT KNIT IS A CONTENT SERIES ABOUT THE MANY WAYS PEOPLE ARE WORKING TO BUILD STRONGER RELATIONSHIPS AND COMMUNITIES.TIGHT KNIT SEASON ONE OPENS A DOOR INTO THE DAY-TO-DAY LIVES OF CAREGIVERS IN SOUTHEAST MICHIGAN AND WESTERN NEW YORK (REGIONS CENTRAL TO THE RALPH C. WILSON, JR. FOUNDATION'S MISSION) THROUGH EIGHT PODCAST EPISODES AND TWO SHORT DOCUMENTARIES.SEASON TWO, UNDER DEVELOPMENT IN 2021 AND 2022, WILL EXPLORE THE FOUNDATION'S YOUNG ADULTS AND WORKING FAMILIES FOCUS AREA TO PUT A SPOTLIGHT ON SOME OF THE BEST EXAMPLES OF FAIR, EQUITABLE AND EFFECTIVE JOB TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David O Egner President/chief Excecutive Officer | 40 | $608,528 | |
Norah M O'brien Treasurer | 40 | $289,000 | |
Amber Slichta Vice President Of Pr | 40 | $252,000 | |
James Boyle Vice President Of Co | 40 | $252,000 | |
Maura Dewan Secretary | 40 | $250,000 | |
Lavea Brachman Vice President Of Pr | 40 | $240,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase Bank | 12/30/21 | $2,623,200 |
Morgan Stanley Smith Barney Llc | 12/30/21 | $1,146,659 |
6569 Woodward Co Midtown Detroit | 12/30/21 | $671,180 |
Redstone Strategy Group Llc | 12/30/21 | $400,000 |
Abir Ali Llc | 12/30/21 | $567,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,553,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,997,408 |
| Capital Gain Net Income | $82,109,930 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$303,457 |
| Total Revenue | $124,247,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,477,028 |
| Other employee salaries and wages | $2,373,957 |
| Pension plans, employee benefits | $802,748 |
| Interest | $0 |
| Taxes | $4,078,935 |
| Depreciation | $272,041 |
| Occupancy | $762,696 |
| Travel, conferences, and meetings | $98,689 |
| Printing and publications | $0 |
| Other expenses | $331,098 |
| Total operating and administrative expenses | $17,555,328 |
| Contributions, gifts, grants paid | $129,186,850 |
| Total expenses and disbursements | $146,742,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,386,519 |
| Savings and temporary cash investments | $99,170,991 |
| 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 | $718,098,295 |
| Net Land, buildings, and equipment | $3,057,208 |
| Other assets | $0 |
| Total assets | $1,326,486,883 |
| 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 |
Grants Awarded
Over the last fiscal year, The Ralph C Wilson Jr Foundation has awarded $375,007,580 in support to 533 organizations.
| Grant Recipient | Amount |
|---|---|
Buffalo, NY PURPOSE: TO CREATE AN ENDOWMENT FUND THAT WILL ENHANCE AND SUSTAIN THE ARTS AND CULTURE SECTOR IN WESTERN NEW YORK | $58,750,000 |
Detroit, MI PURPOSE: TO CREATE AN ENDOWMENT FUND THAT WILL ENHANCE AND SUSTAIN THE ARTS AND CULTURE SECTOR IN SOUTHEAST MICHIGAN | $58,750,000 |
Detroit, MI PURPOSE: TO ENHANCE AND SUSTAIN THE ARTS AND CULTURE SECTOR IN SOUTHEAST MICHIGAN BY SUPPORTING ANNUAL EXPENDITURES FROM THE RALPH C. WILSON, JR. ARTS AND CULTURE ENDOWMENT FUND. | $30,000,000 |
Buffalo, NY PURPOSE: TO ENHANCE AND SUSTAIN THE ARTS AND CULTURE SECTOR IN WESTERN NEW YORK BY SUPPORTING ANNUAL EXPENDITURES FROM THE RALPH C. WILSON, JR. ARTS AND CULTURE ENDOWMENT FUND. | $30,000,000 |
Buffalo, NY PURPOSE: TO CREATE AN ENDOWMENT FUND THAT WILL ENHANCE AND SUSTAIN THE ARTS AND CULTURE SECTOR IN WESTERN NEW YORK | $15,000,000 |
Detroit, MI PURPOSE: TO CREATE AN ENDOWMENT FUND THAT WILL ENHANCE AND SUSTAIN THE ARTS AND CULTURE SECTOR IN SOUTHEAST MICHIGAN | $15,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Ralph C Wilson Jr Foundation has recieved totaling $62,500.
| Awarding Organization | Amount |
|---|---|
Sme Education Foundation Southfield, MI PURPOSE: PRIME SCHOOL SUPPORT | $62,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lilly Endowment Inc Indianapolis, IN | $32,760,446,092 | $1,327,229,144 |
Charles Stewart Mott Foundation Flint, MI | $3,940,484,030 | $248,723,144 |
The Ralph C Wilson Jr Foundation Detroit, MI | $1,326,486,883 | $124,247,727 |
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 |