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.
For the year ending 12/2021, Ginger Murchison Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 18.9% per year over the past 3 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 2020, Ginger Murchison Foundation has awarded 204 individual grants totaling $9,287,161. 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 | $13,379 | |
Rusty Workman Sec/dir. | 5 | $0 | |
Charles Wills Director | 5 | $0 | |
Jason Kulas Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luther King Capital Management | 12/30/22 | $55,721 |
Cibc National Trust Companyatlantic Trust | 12/30/22 | $53,160 |
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 $2,432,537 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
AHA ART HOUSE DALLAS PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ARISE AFRICA PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS IN LUSAKA ZAMBIA | $10,000 |
ATHENS INDEPENDENT SCHOOL DISTRICT PURPOSE: EARLY COLLEGE HIGH SCHOOL PROGRAM, PSAT & AP PLACEMENT TESTING, SCHOOL PROGRAMS | $35,000 |
ATHENS SAMARITANS DBA LABOR OR LOVE PURPOSE: SUPPORT FOR PROGRAMS THAT AID LOW INCOME INDIVIDUALS WITH ESSENTIAL HOME REPAIRS | $50,000 |
BAYLOR SCOTT WHITE DALLAS FOUNDATIO PURPOSE: TO SUPPORT RESEARCH INITIATIVES RELATED TO REHABILITATION FOR TRAUMATIC BRAIN INJURY PATIENTS | $110,172 |
BAYLOR UNIVERSITY SCHOOL OF NURSING PURPOSE: FACILITY CAPITAL IMPROVEMENTS | $105,000 |