Ginger Murchison Foundation
- Assets
- $31.6m
- Revenue
- $5.5m
- Investments
- $29.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 75-2482261
Organization Overview
Ginger Murchison Foundation is located in Dallas, TX. The organization was established in 1993. 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. Ginger Murchison 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 2020, Ginger Murchison Foundation has awarded 136 individual grants totaling $6,854,624. 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 |
|---|---|---|---|
Donald Wills Pres/tr/dir. | 30 | $200,000 | |
Donald Jackson Vp/dir. | 10 | $20,249 | |
Rusty Workman Sec/dir. | 5 | $0 | |
Charles Wills Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc National Trust Companyatlantic Trust | 12/30/21 | $57,662 |
Luther King Capital Management | 12/30/21 | $62,938 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,149 |
| Dividends & Interest | $465,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,802,981 |
| Capital Gain Net Income | $4,769,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $228,728 |
| Total Revenue | $5,499,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,249 |
| Other employee salaries and wages | $110,000 |
| Pension plans, employee benefits | $92,569 |
| Interest | $0 |
| Taxes | $82,162 |
| Depreciation | $0 |
| Occupancy | $29,809 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,934 |
| Total operating and administrative expenses | $804,437 |
| Contributions, gifts, grants paid | $4,175,083 |
| Total expenses and disbursements | $4,979,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,239,719 |
| 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 | $4,343,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,503 |
| Total assets | $31,599,438 |
| 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, Ginger Murchison Foundation has awarded $4,175,083 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ATHENS PURPOSE: FACILITY CAPITAL IMPROVEMENTS FOR CAIN CENTER RECREATION AND AQUATICS CENTER | $1,750,000 |
Athens, TX PURPOSE: SUPPORT FOR PRIMARY CARE CLINIC FOCUSED ON LOW INCOME POPULATION IN HENDERSON COUNTY | $510,000 |
Athens, TX PURPOSE: SUPPORT FOR SCHOLARSHIPS IN DUAL CREDIT PROGRAMS FOR STUDENTS IN HENDERSON COUNTY | $400,000 |
ATHENS INDEPENDENT SCHOOL DISTRICT PURPOSE: EARLY COLLEGE HIGH SCHOOL PROGRAM,PSAT & AP PLACEMENT TESTNG, SCHOOL PROGRAMS | $205,000 |
Dallas, TX PURPOSE: SUPPORT OF PROGRAMS THAT ASSIST CHILDREN AFFLICTED BY POVERTY, VIOLENCE, ABUSE AND FAMILY STRUGGLES | $125,000 |
BAYLOR UNIVERSITY SCHOOL OF NURSING PURPOSE: FACILITY CAPITAL IMPROVEMENTS | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |