Glory Foundation
- Assets
- $95.9k
- Revenue
- $3.1m
- Investments
- $60.1k
- Employees
- 0
- Location
- Tigard, OR
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 72-1574570
Organization Overview
Glory Foundation is located in Tigard, OR. The organization was established in 2004. 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. Glory 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 12/2023, Glory Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Glory Foundation has awarded 138 individual grants totaling $21,637,500. 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 |
|---|---|---|---|
Katherine A Eiting President | 0 | $0 | |
Sr Beth Fitzpatrick Ocarm Director | 0 | $0 | |
Sr Mary Lou Lafferty Osf Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $652 |
| Dividends & Interest | $16,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,040,874 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,058,225 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $32,391 |
| Contributions, gifts, grants paid | $2,822,500 |
| Total expenses and disbursements | $2,854,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,725 |
| 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 | $95,866 |
| 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, Glory Foundation has awarded $1,500,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
OXFORD HOUSE PURPOSE: CHARITABLE | $315,000 |
THE CATHOLIC FOUNDATION PURPOSE: CHARITABLE | $517,010 |
MEDICAL TEAMS INTERNATIONAL PURPOSE: CHARITABLE | $125,990 |
MOTHER OF MERCY HOUSE PURPOSE: CHARITABLE | $50,000 |
LOCAL INITIATIVES SUPPORT CORPORATI PURPOSE: CHARITABLE | $15,000 |
COUNCIL OF CHURCHES OF THE OZARKS PURPOSE: CHARITABLE | $15,000 |