The Ralph C Wilson Jr Foundation
- Assets
- $1.0b
- Revenue
- $89.4m
- Investments
- $892.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/2012
- Data as of
- 12/2023
- 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 12/2023, Ralph C Wilson Jr Foundation generated $89.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $156.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ralph C Wilson Jr Foundation has awarded 2,411 individual grants totaling $972,964,802. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIGHT KNIT IS A CONTENT SERIES ABOUT THE MANY WAYS PEOPLE ARE WORKING TO BUILD STRONGER RELATIONSHIPS AND COMMUNITIES. SEASON ONE EXPLORED THE COMPLEXITY AND JOY INHERENT IN PROVIDING CARE FOR AN OLDER FAMILY MEMBER. SEASON TWO FOLLOWS TEENS AND ADULTS AS THEY NAVIGATE THE VARIOUS PATHWAYS THAT CAN LEAD TO GOOD JOBS AND CAREERS, AND THE SYSTEMS THAT CAN SUPPORT OR IMPEDE THEIR SUCCESS. CENTERED IN SOUTHEAST MICHIGAN AND WESTERN NEW YORK, TIGHT KNIT SHARES MULTIFACETED STORIES OF OUR WORKFORCE SYSTEM, FROM REVIVING HIGH SCHOOL CAREER TECH EDUCATION TO GROWING INDUSTRIES, CAREER PATHS TO POLICIES, PERSONAL GOALS TO EMPLOYER NEEDS AND BEYOND. THIS IS A SERIES ABOUT OUR ACCESS TO WORK AND ITS INFLUENCE ON OUR WORLD.BROUGHT TO YOU BY THE RALPH C. WILSON JR. FOUNDATION AND PRODUCED IN PARTNERSHIP WITH WDET, THE EIGHT-EPISODE PODCAST WILL BE RELEASED IN INSTALLMENTS OVER THE COURSE OF SUMMER 2023.
GENERATOR Z IS AN IDEAS LAB THAT LAUNCHED IN 2020 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. NEARLY 100 NONPROFIT ORGANIZATIONS WILL RECEIVE GRANTS IN 2021 TO BRING THESE IDEAS TO LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David O Egner President/chief Excecutive Officer | 40 | $686,850 | |
Norah M O'brien Treasurer | 40 | $353,000 | |
Maura Dewan Secretary | 40 | $316,000 | |
Elizabeth Woike-Ganga Trustee | 3 | $30,250 | |
Jeffrey C Littmann Trustee | 8 | $62,500 | |
Mary M Owen Trustee | 17 | $62,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redstone Strategy Group | 12/30/23 | $1,704,177 |
Jp Morgan Chase Bank | 12/30/23 | $1,697,275 |
Morgan Stanley Smith Barney Llc | 12/30/23 | $1,257,712 |
Lafayette American | 12/30/23 | $760,853 |
Victor & Company Llc | 12/30/23 | $492,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,136,184 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,293,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,820,038 |
| Capital Gain Net Income | $50,549,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $142,454 |
| Total Revenue | $89,392,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,729,350 |
| Other employee salaries and wages | $3,062,678 |
| Pension plans, employee benefits | $1,245,060 |
| Interest | $0 |
| Taxes | $1,732,793 |
| Depreciation | $278,332 |
| Occupancy | $1,193,620 |
| Travel, conferences, and meetings | $591,914 |
| Printing and publications | $0 |
| Other expenses | $3,537,142 |
| Total operating and administrative expenses | $19,342,836 |
| Contributions, gifts, grants paid | $137,591,395 |
| Total expenses and disbursements | $156,934,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,050,933 |
| Savings and temporary cash investments | $34,222,002 |
| 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 | $380,094,311 |
| Net Land, buildings, and equipment | $2,568,053 |
| Other assets | $5,916,665 |
| Total assets | $1,001,561,935 |
| 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 | $5,992,128 |
| Total liabilities | $5,992,128 |
Grants Awarded
Over the last fiscal year, The Ralph C Wilson Jr Foundation has awarded $226,410,349 in support to 600 organizations.
| Grant Recipient | Amount |
|---|---|
MPARKS PURPOSE: TO SPONSOR MPARKS ANNUAL CONFERENCE. | $10,000 |
BUFFALO OLMSTED PARKS CONSERVANCY PURPOSE: TO PROVIDE MATCH FUNDING FOR CAPITAL PROJECTS AND SUPPORT FOR ONGOING OPERATIONS. | $100,000 |
BUFFALO NIAGARA WATERKEEPER INC PURPOSE: TO SUPPORT THE COASTAL RESILIENCY STUDY FOR THE CITY OF BUFFALO. | $375,000 |
OPEN SPACE INSTITUTE LAND TRUST PURPOSE: TO RENOVATE AND INSTALL GREEN INFRASTRUCTURE IN THREE PARKS IDENTIFIED IN THE BUFFALO PARKS MASTER PLAN. | $702,500 |
THE TRUST FOR PUBLIC LAND PURPOSE: TO EVALUATE RCWJRF'S PARKS, TRAILS AND GREEN DESIGN FOCUS AREA. | $350,000 |
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: TO SUPPORT THE SUSTAINABILITY OF THE UNIFIED GREENWAY. | $5,000,000 |