Gilbert Family Foundation
- Assets
- $122.8m
- Revenue
- $20.5m
- Investments
- $97.4m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 81-0810541
Organization Overview
Gilbert Family Foundation is located in Detroit, MI. The organization was established in 2018. 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. Gilbert 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, Gilbert Family Foundation generated $20.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 63.7% each year . All expenses for the organization totaled $53.4m during the year ending 12/2021. While expenses have increased by 70.5% per year over the past 5 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 2017, Gilbert Family Foundation has awarded 313 individual grants totaling $98,909,453. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
GILBERT VISION RESTORATION INITIATIVE - PRIMARILY PROGRAM PLANNING AND IMPLEMENTATION
GILBERT GENE THERAPY INITITATIVE - PRIMARILY PROGRAM PLANNING AND IMPLEMENTATION
GILBERT NF RESEARCH ALLIANCE - PRIMARILY PROGRAM PLANNING AND IMPLEMENTATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoori Kim Scientific Officer | 36 | $154,741 | |
Joyce Keller Part Year Executive Director | 40 | $93,211 | |
James Goss Project Manager | 40 | $80,498 | |
Darnell Adams Director Of Communit | 40 | $60,173 | |
Kayleigh Roy Director Of Grants | 20 | $53,113 | |
Daniel B Gilbert Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold Porter Kaye Scholer | 12/30/21 | $256,511 |
Ubs Financial Services Inc | 12/30/21 | $215,939 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,822,541 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,245,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,470,669 |
| Capital Gain Net Income | $6,256,031 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,538,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,211 |
| Other employee salaries and wages | $439,569 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,504 |
| Printing and publications | $0 |
| Other expenses | $344,659 |
| Total operating and administrative expenses | $1,482,220 |
| Contributions, gifts, grants paid | $51,924,116 |
| Total expenses and disbursements | $53,406,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,437,059 |
| Savings and temporary cash investments | $11,028,695 |
| 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 | $14,102 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,109,108 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $122,833,560 |
| Accounts payable and accrued expenses | $92,391 |
| Grants payable | $34,197,279 |
| 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 | $34,289,670 |
Grants Awarded
Over the last fiscal year, Gilbert Family Foundation has awarded $57,202,472 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
Bloomfield Hills, MI PURPOSE: EDUCATIONAL | $21,875,000 |
Detroit, MI PURPOSE: GENERAL | $7,500,000 |
Detroit, MI PURPOSE: GENERAL | $7,500,000 |
Detroit, MI PURPOSE: GENERAL | $5,500,000 |
Bloomfield Hills, MI PURPOSE: EDUCATIONAL | $3,293,780 |
Philadelphia, PA PURPOSE: SCIENTIFIC | $2,442,337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |