Gary Philanthropy
- Assets
- $0.0
- Revenue
- $22.2m
- Investments
- $223.0m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 81-0587194
Organization Overview
Gary Philanthropy is located in Denver, CO. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gary Philanthropy 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, Gary Philanthropy generated $22.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $10.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gary Philanthropy has awarded 362 individual grants totaling $26,859,093. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED TO MAKE DISTRIBUTIONS TO EXEMPT ORGANIZATIONS FOR CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Watney Chairman | 5 | $0 | |
Luis Durate Vice Chair | 5 | $0 | |
David Younggren Member | 5 | $0 | |
Robert Gary Member | 5 | $0 | |
Nancy Gary Member | 5 | $0 | |
Tom Gougeon Member | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lena Foundation | 12/30/22 | $100,800 |
The Caprock Group Inc | 12/30/22 | $260,000 |
Worklife Partnership | 12/30/22 | $91,667 |
Franklin Street Studio | 12/30/22 | $62,000 |
Rutgers | 12/30/22 | $109,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $756,097 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,743,313 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,800,811 |
| Total Revenue | $22,191,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $950,605 |
| Pension plans, employee benefits | $698,527 |
| Depreciation | $16,366 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $31,701 |
| Printing and publications | $12,854 |
| Total operating and administrative expenses | $6,848,435 |
| Contributions, gifts, grants paid | $3,304,607 |
| Total expenses and disbursements | $10,153,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,815,883 |
| Investments—mortgage loans | $0 |
| Investments—other | $100,448,343 |
| Other assets | $8,429,067 |
| Mortgages and other notes payable | $1,000,000 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gary Philanthropy has awarded $7,435,762 in support to 134 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: 2021 ADVOCACY PORTFOLIO INVESTMENT . WE ENVISION TEN AS AN IMPORTANT PARTNER ON OUR SCHOOL READINESS ECE GOAL, OUR ENTIRE YOUTH SUCCESS OUTCOME AREA, AND POTENTIALLY OUR ENTIRE FAMILY ECONOMIC MOBILITY OUTCOME AREA, GIVEN THEIR DEEP WORK WITH FAMILIES. | $50,000 |
BUILDING A BETTER COLORADO PURPOSE: BBCO'S TRUE VALUE PROPOSITION IS ITS ABILITY TO GALVANIZE CONSENSUS AMONG GRASSTOPS LEADERS WHO CAN SERVE AS TRUSTED AND MOTIVATED MESSENGERS IN SUBSEQUENT ADVOCACY CAMPAIGNS. BBCO'S THEORY OF ACTION IS THAT THE PATHWAY TO A BETTER COLORADO LIES IN ENGAGING CIVIC LEADERS IN COMMUNITIES ACROSS THE STATE IN A CONSTRUCTIVE | $100,000 |
BROTHERS REDEVELOPMENT INC PURPOSE: SUPPORTING TWO GENERATION FAMILY FOCUSED WRAP-AROUND SERVICES FOR AN AFFORDABLE HOUSING COMPLEX IN NORTHWEST AURORA TO MEET THE NEEDS OF FAMILIES. OUTCOMES SUCH AS HEALTH AND WELLNESS, FINANCIAL STABILITY, EDUCATION SUCCESS, AND SOCIAL CAPITAL ARE IMPROVED FOR TENANTS. | $52,240 |
ACTIVATE WORK INC PURPOSE: PARTNERING WITH EMPLOYERS TO PROVIDE ALTERNATIVE JOB TRAINING PATHWAYS IN TECHNOLOGY AND HEALTHCARE FOR LOW AND MIDDLE INCOME STUDENTS. COMMITTED TO SHARED LEARNING WITH GARY AND PLAN TO SCALE IN 2022. COHORTS OF 30, 15 WEEK PROGRAM, 80% EMPLOYER PLACEMENT IN LIVABLE WAGE, FULL-BENEFIT JOBS. ACTIVATE IT IS THE MOST SELECTIVE OF ALTERNATIVE TRAINING PROGRAMS IN OUR COHORT, RECRUITING FROM CROSS PURPOSE, MICASA, WARREN VILLAGE, ETC. | $75,000 |
BENEFITS IN ACTION PURPOSE: TO SUPPORT THE 1ST YEAR OPERATING THE TAX HELP COLORADO PROGRAM AT LAMAR UNIDOS. PROVIDE FREE TAX PREPARATION TO 200 LOW-INCOME FAMILIES, HELPING THEM CLAIM $200,000 IN REFUNDS AND SAVE THEM APPROXIMATELY $50,000 IN TAX PREPARATION FEES. | $2,500 |
BARTON INSTITUTE FOR COMMUNITY ACTION PURPOSE: PART OF THE ECE REDESIGN EFFORT TO HAVE THE DATA AND IT COMPONENTS READY. BY HAVING CLEAR DIRECTION OF WHAT WE HAVE AND WHAT WE NEED FROM OUR DATA SYSTEMS, WE CAN ADVOCATE FOR INVESSTMENT OF FEDERAL FUNDS AND STIMULUS DOLLARS THAT WILL ENABLE US TO BUILD THOSE SYSTEMS AS PART OF THE ECE REDESIGN. | $22,400 |