George Kaiser Family Foundation
- Assets
- $5.3b
- Revenue
- $213.7m
- Investments
- $4.1b
- Employees
- 377
- Location
- Tulsa, OK
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 73-1574370
Organization Overview
George Kaiser Family Foundation is located in Tulsa, OK. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, George Kaiser Family Foundation employed 377 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Kaiser Family 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, George Kaiser Family Foundation generated $213.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $238.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, George Kaiser Family Foundation has awarded 1,222 individual grants totaling $278,246,554. 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
GEORGE KAISER FAMILY FOUNDATION (GKFF) IS A CHARITABLE ORGANIZATION BASED IN TULSA, OKLAHOMA. THE FOUNDATION IS A TYPE I SUPPORTING ORGANIZATION OF THE TULSA COMMUNITY FOUNDATION AS DESCRIBED IN IRC SECTION 509(A)(3). THE FOUNDATION IS DEDICATED TO BREAKING THE CYCLE OF POVERTY THROUGH INVESTMENTS IN EARLY CHILDHOOD EDUCATION, COMMUNITY HEALTH, SOCIAL SERVICES AND CIVIC ENHANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIRECT SUPPORT OF TULSA COMMUNITY FOUNDATION, THROUGH DIRECT SUPPORT OF CHARITABLE ORGANIZATIONS THAT ENGAGE IN CHARITABLE ACTIVITIES WHICH ARE CONSISTENT WITH THE CHARITABLE PURPOSES OF TULSA COMMUNITY FOUNDATION, AS WELL AS GOVERNMENT SPONSORED LIFE ENHANCEMENT PROJECTS. INCLUDES SOCIAL SERVICES SUPPORT AND COMMUNITY HEALTH INITIATIVES.
CIVIC ENHANCEMENT PROJECTS BENEFITTING THE CITIZENS OF TULSA. THIS INCLUDES LEGACY PROGRAMS ROOT GUIDES LLC, TULSA INNOVATION LABS LLC, TULSA REMOTE, ADPM, AMERICAN SONG ARCHIVES, AND TULSA ARTIST FELLOWSHIP. IT ALSO INCLUDES 3 NEW PROGRAMS INTULSA INITIATIVE, INVEST NORTHTULSA, AND BUILD IN TULSA. THESE PROGRAMS SUPPORT BUILDING A VIBRANT AND INCLUSIVE TULSA.
TULSA COMMUNITY FOUNDATION - DIRECT SUPPORT OF TULSA COMMUNITY FOUNDATION, THE SUPPORTED ORGANIZATION, AND OTHER DIRECTLY RELATED ENTITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic Dorwart Board Of Dir. | Trustee | 5 | $0 |
Phil Lakin Board Of Dir. | Trustee | 10 | $0 |
Phil Frohlich Board Of Dir. | Trustee | 4 | $0 |
Emily L Kaiser Board Of Dir. | Trustee | 1 | $0 |
Leah M Kaiser Board Of Dir. | Trustee | 1 | $0 |
Philip A Kaiser Board Of Dir. | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atento Capital Llc Investment Management | 12/30/22 | $9,153,805 |
Creo Industrial Arts Custom Fabricator | 12/30/22 | $2,191,221 |
Ce Negrych & Company Llc Investment Management | 12/30/22 | $2,150,000 |
Fred Dorwart Lawyers Legal Services | 12/30/22 | $1,659,010 |
Praesidium Investment Management Co Ll Investment Management | 12/30/22 | $1,417,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,168,173 |
| Investment income | $67,471,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $108,116 |
| Net Rental Income | -$864,815 |
| Net Gain/Loss on Asset Sales | $24,184,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,681,742 |
| Statement of Expenses | |
|---|---|
| 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. | $3,275,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,145,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,881,566 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,851 |
| Fees for services: Accounting | $154,227 |
| Fees for services: Lobbying | $289,364 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,239,990 |
| Fees for services: Other | $0 |
| Advertising and promotion | $98,738 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $5,420,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$98,678 |
| All other expenses | $0 |
| Total functional expenses | $238,750,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $256,381,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,779,013 |
| 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 | $0 |
| Investments—publicly traded securities | $656,073,553 |
| Investments—other securities | $4,097,888,402 |
| Investments—program-related | $66,286,301 |
| Intangible assets | $0 |
| Other assets | $436,072 |
| Total assets | $5,269,362,275 |
| Accounts payable and accrued expenses | $48,086,471 |
| Grants payable | $165,809,340 |
| Deferred revenue | $0 |
| 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 | $27,111,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,745,442 |
| Total liabilities | $318,752,426 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,835,660,426 |
| Total liabilities and net assets/fund balances | $4,950,609,849 |
Grants Awarded
Over the last fiscal year, George Kaiser Family Foundation has awarded $78,093,042 in support to 463 organizations.
| Grant Recipient | Amount |
|---|---|
36 DEGREES NORTH COMPANY PURPOSE: General Operations | $200,000 |
A BETTER CHILDHOOD INC PURPOSE: General Operations-Oklahoma | $60,000 |
ACNM FOUNDATION INC PURPOSE: Midwifery Care in Oklahoma | $25,000 |
AFFORD HOUSING PROP SOLUTIONS INC PURPOSE: Five Years Support: Choice Neighborhood Project-2019 | $500,000 |
ALEXANDRA BROMLEY DAF PURPOSE: Alexandra Bromley DAF at TCF: $1000 Employee Grant | $1,000 |
ALZHEIMER'S ASSOC - OK CHAPTER INC PURPOSE: 2022 Event Sponsorship | $75,000 |