Corey C Griffin Charitable Foundation
- Assets
- $13.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1976181
Organization Overview
Corey C Griffin Charitable Foundation is located in Framingham, MA. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Corey C Griffin Charitable 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, Corey C Griffin Charitable Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Corey C Griffin Charitable Foundation has awarded 35 individual grants totaling $4,063,050. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COREY C. GRIFFIN FOUNDATION PARTNERS WITH LEADING NONPROFIT ORGANIZATIONS TO CHANGE THE TRAJECTORY OF THE LIVES OF KIDS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOLLOWING COREY'S TRAGIC PASSING ON AUGUST 16TH, 2014, THE GRIFFIN FAMILY AND CLOSE FRIENDS FOUNDED THE COREY C. GRIFFIN CHARITABLE FOUNDATION, A 501(C)(3) PUBLIC CHARITY. GIVEN HIS INCREDIBLE PASSION FOR LIFE AND UNCOMMON DEDICATION TO PHILANTHROPY, IT WAS NOT DIFFICULT TO MAP OUT THE GUIDING PRINCIPLES OF THE FOUNDATION: IMPROVING THE LIVES OF PRIMARILY BOSTON-AREA CHILDREN THROUGH STRATEGIC PARTNERSHIPS WITH THE CITY'S LEADING EDUCATIONAL AND HEALTHCARE INSTITUTIONS, WITH AN EMPHASIS ON FAITH-BASED INITIATIVES. THE FOUNDATION BELIEVES THAT EVERY CHILD SHOULD HAVE THE OPPORTUNITY TO SUCCEED, IRRESPECTIVE OF THEIR FINANCIAL OR HEALTH CIRCUMSTANCES.THE COREY HOUSE AT BOSTON CHILDREN'S HOSPITAL:THE COREY C. GRIFFIN FOUNDATION IS PARTNERING WITH BOSTON CHILDREN'S HOSPITAL TO PURCHASE PATIENT FAMILY HOUSING IN RESPONSE TO THE EVER-GROWING NEED FOR 'EXTENDED STAY' FAMILY HOUSING. WITH FUNDING FROM THE COREY C. GRIFFIN FOUNDATION, THE FACILITY WILL SERVE PATIENTS' FAMILIES WHO ARE FORCED AWAY FROM THE COMFORT OF THEIR HOMES FOR LONG PERIODS OF TIME. TO PROVIDE MUCH-NEEDED COMFORT, THE HOME WOULD BE DESIGNED TO OFFER GUESTS A WARM AND WELCOMING ENVIRONMENT DURING THE DURATION OF THEIR CHILD'S TREATMENT.COREY'S KIDS:THE COREY C. GRIFFIN FOUNDATION IS FOCUSED ON MAKING STRATEGIC INVESTMENTS TO IMPROVE THE LIVES AND OPPORTUNITIES FOR YOUTH - WHETHER IT BE THROUGH SUPPORTING THE FAMILIES OF PEDIATRIC PATIENTS AT THE COREY GRIFFIN HOUSE OR IN JUVENILE MENTAL HEALTH PROGRAMMING, PROVIDING SCHOLARSHIPS TO STUDENTS, OR SENDING YOUTH FROM UNDERSERVED COMMUNITIES TO LEADERSHIP AND CHARACTER BUILDING PROGRAMS, THESE INITIATIVES TOUCH THE LIVES OF "COREY'S KIDS" AT CRUCIAL TIMES IN THEIR LIVES. THE FOUNDATION PARTNERS WITH COMMUNITY LEADERS, LEADING BUSINESSES AND NON-PROFITS. TOGETHER WE ARE MAKING A DIFFERENCE BY INVESTING IN CHILDREN'S FUTURES AND WELL-BEING THROUGH OUR "COREY'S KIDS" PROGRAMMING. WE FOCUS ON ACCESS TO HIGH QUALITY EDUCATION, SUPPORTING CHARACTER DEVELOPMENT AND PROVIDING ACCESS TO COMPREHENSIVE AND HOLISTIC HEALTH CARE. THE FOUNDATION BELIEVES CHANGING THE TRAJECTORY OF A CHILD'S LIFE WILL MAKE A PROFOUND IMPACT TO NOT ONLY THEIR LIVES AS ADULTS BUT SOCIETY AS A WHOLE. OUR MODEL OF EXPERIENTIAL PHILANTHROPY CREATES OPPORTUNITIES TO DEEPLY ENGAGE IN OUR WORK TO IMPACT CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey A Griffin Board Chair | OfficerTrustee | 1 | $0 |
Joseph L Zink Treasurer | OfficerTrustee | 1 | $0 |
Michael P Griffin Director | Trustee | 1 | $0 |
Cathleen A Griffin Director | Trustee | 1 | $0 |
Casey Giudicelli Director | Trustee | 1 | $0 |
Stephen Martiros Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,159,337 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,982,482 |
| Noncash contributions included in lines 1a–1f | $34,382 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,141,819 |
| Total Program Service Revenue | $0 |
| Investment income | $49,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,957 |
| Net Income from Fundraising Events | -$80,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,268 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,178,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $682,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,028 |
| Fees for services: Accounting | $3,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $83,000 |
| Fees for services: Investment Management | $30,530 |
| Fees for services: Other | $308,665 |
| Advertising and promotion | $23,783 |
| Office expenses | $23,278 |
| Information technology | $9,615 |
| Royalties | $0 |
| Occupancy | $13,753 |
| Travel | $2,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,514 |
| All other expenses | $0 |
| Total functional expenses | $1,202,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,650,857 |
| Savings and temporary cash investments | $9,539,561 |
| Pledges and grants receivable | $313,793 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,065 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,543,276 |
| Accounts payable and accrued expenses | $59,646 |
| Grants payable | $0 |
| Deferred revenue | $116,156 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $175,802 |
| Net assets without donor restrictions | $12,498,706 |
| Net assets with donor restrictions | $868,768 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,543,276 |
Grants Awarded
Over the last fiscal year, Corey C Griffin Charitable Foundation has awarded $682,550 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: COREY GRIFFIN HOUSE - PATIENT FAMILY HOUSING | $250,000 |
Hubbardston, MA PURPOSE: SUPPORT OF PROGRAM ACTIVITIES AND OPERATIONS | $150,000 |
Milton, MA PURPOSE: SUPPORT OF PROGRAM ACTIVITIES AND OPERATIONS | $122,550 |
Brighton, MA PURPOSE: SUPPORT OF PROGRAM ACTIVITIES AND OPERATIONS | $50,000 |
Braintree, MA PURPOSE: SUPPORT OF PROGRAM ACTIVITIES AND OPERATIONS | $35,000 |
South Easton, MA PURPOSE: SUPPORT OF PROGRAM ACTIVITIES AND OPERATIONS | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Corey C Griffin Charitable Foundation has recieved totaling $403,678.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $250,000 |
Organization Name not Listed PURPOSE: GENERAL FUND | | $100,000 |
Fred A Seigel And Donna P Seigel Charitable Trust North Hampton, NH PURPOSE: SUPPORT OF THE CHARITABLE FOUNDATION TO IMPROVE THE LIVES OF PRIMARILY BOSTON-AREA CHILDREN | $35,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $8,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,178 |
The Martin Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Island Outreach Foundation Inc Center Moriches, NY | $19,989,596 | $2,168,344 |