Gilbert M & Martha H Hitchcock Foundation
- Assets
- $14.3m
- Revenue
- $3.2m
- Investments
- $14.1m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 01/1945
- Data as of
- 12/2021
- EIN
- 47-6025723
Organization Overview
Gilbert M & Martha H Hitchcock Foundation is located in Omaha, NE. The organization was established in 1945. 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. Gilbert M & Martha H Hitchcock 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, Gilbert M & Martha H Hitchcock Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.4% 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 2016, Gilbert M & Martha H Hitchcock Foundation has awarded 264 individual grants totaling $5,295,335. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neely Kountze President/trustee | 0 | $0 | |
John Q Bachman Secretary/trustee | 0 | $0 | |
John W Webster Treasurer/trustee | 0 | $0 | |
James E Landen Trustee | 0 | $0 | |
Tower Kountze Trustee | 0 | $0 | |
W Russell Bowie III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $61,622 |
| Dividends & Interest | $315,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,809,774 |
| Capital Gain Net Income | $2,809,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,186,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,101 |
| Depreciation | $0 |
| Occupancy | $20,191 |
| Travel, conferences, and meetings | $3,155 |
| Printing and publications | $0 |
| Other expenses | $18,932 |
| Total operating and administrative expenses | $113,693 |
| Contributions, gifts, grants paid | $1,379,860 |
| Total expenses and disbursements | $1,493,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $174,025 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,251,571 |
| 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, Gilbert M & Martha H Hitchcock Foundation has awarded $1,379,860 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $100,000 |
Bellevue, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $75,000 |
Omaha, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $75,000 |
Omaha, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $75,000 |
Omaha, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $60,000 |
Omaha, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
Charles Schwab Corporation Foundation Lone Tree, CO | $19,264,373 | $12,956,371 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |