Geico Philanthropic Foundation
- Assets
- $89.1m
- Revenue
- -$16.0m
- Investments
- $87.8m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 04/1982
- Data as of
- 12/2022
- EIN
- 52-1202740
Organization Overview
Geico Philanthropic Foundation is located in Chevy Chase, MD. The organization was established in 1982. 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. Geico Philanthropic Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Geico Philanthropic Foundation has awarded 31 individual grants totaling $44,687,442. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Fazio President Treasurer President + Treasurer | 1 | $0 | |
Ladonna Bond Director Director | 1 | $0 | |
Shannon Hobbs Director Director | 1 | $0 | |
Seth Ingall Director Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,616 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,450,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,846 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$17,455,689 |
| Total Revenue | -$15,984,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $42 |
| Other expenses | $297 |
| Total operating and administrative expenses | $34,703 |
| Contributions, gifts, grants paid | $6,834,950 |
| Total expenses and disbursements | $6,869,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,301,804 |
| Savings and temporary cash investments | $0 |
| 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 | $55 |
| Total assets | $89,063,033 |
| Accounts payable and accrued expenses | $5,298,208 |
| 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 | $5,959 |
| Total liabilities | $5,304,167 |
Grants Awarded
Over the last fiscal year, Geico Philanthropic Foundation has awarded $6,834,950 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SNYDER FAMILY SCHOLARSHIP PROGRAM PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS | $124,957 |
BYRNE SCHOLARSHIP PROGRAM PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS | $21,710 |
KREEGER SCHOLARSHIP PROGRAM PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS | $9,025 |
DAVIDSON SCHOLARSHIP PROGRAM PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS | $55,410 |
TONY AND SALLY NICELY SCHOLARSHIP PURPOSE: SCHOLARSHIPS FOR QUALIFIED AND APPROVED APPLICANTS | $23,900 |
GENERAL PHILANTHROPIC CONTRIBUTIONS PURPOSE: CHARITABLE DONATIONS TO 501C3 ORGANIZATIONS | $6,378,948 |