Julian Grace Foundation
- Assets
- $81.6m
- Revenue
- $5.3m
- Investments
- $80.7m
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1645999
Organization Overview
Julian Grace Foundation is located in Highland Park, IL. The organization was established in 2015. 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. Julian Grace 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 12/2022, Julian Grace Foundation generated $5.3m 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 (33.0%) each year. All expenses for the organization totaled $10.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Julian Grace Foundation has awarded 333 individual grants totaling $28,041,000. 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 |
|---|---|---|---|
Steven I Sarowitz Director | 5 | $0 | |
Jessica P Sarowitz President/managing Director | 10 | $0 | |
Soheil Soheil Treasurer | 5 | $0 | |
Marjorie L Moore Secretary | 5 | $0 | |
Carol Hincker Board Member | 5 | $0 | |
Alison Upton Lopez Executive Director | 40 | $139,907 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,641,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,529,453 |
| Capital Gain Net Income | $3,529,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $161,108 |
| Total Revenue | $5,332,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,907 |
| Other employee salaries and wages | $325,228 |
| Pension plans, employee benefits | $52,434 |
| Interest | $7,978 |
| Taxes | $209,766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,365 |
| Printing and publications | $0 |
| Other expenses | $594,057 |
| Total operating and administrative expenses | $1,886,084 |
| Contributions, gifts, grants paid | $8,482,159 |
| Total expenses and disbursements | $10,368,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $896,108 |
| 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 | $18,023,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $81,595,483 |
| 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 | $7,669 |
| Total liabilities | $7,669 |
Grants Awarded
Over the last fiscal year, Julian Grace Foundation has awarded $8,482,159 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
A LONG WALK HOME PURPOSE: GENERAL OPERATING SUPPORT | $120,000 |
ACTION NOW INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $34,000 |
AL OTRO LADO INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AMERICAN HEADACHE ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $102,000 |
ASIAN AMERICANS ADVANCING JUSTICE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ANGIOMA ALLIANCE PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |