The Gagnon Family Foundation Inc
- Assets
- $0.0
- Revenue
- $10.2m
- Investments
- $32.8m
- Employees
- 0
- Location
- Bernardsville, NJ
- Founding
- 04/1994
- Data as of
- 11/2020
- EIN
- 52-1868735
Organization Overview
The Gagnon Family Foundation Inc is located in Bernardsville, NJ. The organization was established in 1994. 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. Gagnon Family Foundation Inc 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 11/2020, Gagnon Family Foundation Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $2.4m during the year ending 11/2020. While expenses have increased by 8.4% per year over the past 6 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, Gagnon Family Foundation Inc has awarded 170 individual grants totaling $13,618,005. 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 |
|---|---|---|---|
Neil J Gagnon President | 1 | $0 | |
Lois E Gagnon Secretary | 1 | $0 | |
Brian Gagnon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,917,996 |
| Interest on Savings | $25 |
| Dividends & Interest | $21,910 |
| Profit on Inventory Sales | $0 |
| Other Income | $201,749 |
| Total Revenue | $10,200,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $59,539 |
| Contributions, gifts, grants paid | $2,377,100 |
| Total expenses and disbursements | $2,436,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,711,276 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Gagnon Family Foundation Inc has awarded $3,341,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Morristown, NJ PURPOSE: TO ASSIST DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $1,525,000 |
SETON HALL PREP PURPOSE: TO ASSIST DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $1,060,000 |
SOMERSET HILLS YMCA PURPOSE: TO ASSIST DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $250,000 |
COMMUNITY IN CRISIS PURPOSE: TO ASSIST DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $110,000 |
Basking Ridge, NJ PURPOSE: TO ASSIST DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $110,000 |
Easton, PA PURPOSE: TO ASSIST DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |