Gary E Milgard Family Foundation-Cari
- Assets
- $114.2m
- Revenue
- $3.6m
- Investments
- $113.8m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-1292744
Organization Overview
Gary E Milgard Family Foundation-Cari is located in Tacoma, WA. The organization was established in 2016. 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 E Milgard Family Foundation-Cari 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 E Milgard Family Foundation-Cari generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gary E Milgard Family Foundation-Cari has awarded 163 individual grants totaling $29,420,653. 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 |
|---|---|---|---|
Kirby Milgard Vice President & Treasurer | 40 | $40,000 | |
Kasey Milgard Vice President & Secretary | 40 | $40,000 | |
Cari Milgard President | 40 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,475,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,126,592 |
| Capital Gain Net Income | $1,537,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,602,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $230,875 |
| Pension plans, employee benefits | $168,107 |
| Interest | $0 |
| Taxes | $34,642 |
| Depreciation | $0 |
| Occupancy | $4,438 |
| Travel, conferences, and meetings | $4,844 |
| Printing and publications | $556 |
| Other expenses | $37,601 |
| Total operating and administrative expenses | $870,508 |
| Contributions, gifts, grants paid | $11,247,500 |
| Total expenses and disbursements | $12,118,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,751 |
| Savings and temporary cash investments | $350,121 |
| 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 | $12,595,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $114,220,911 |
| Accounts payable and accrued expenses | $3,504 |
| 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 | $3,504 |
Grants Awarded
Over the last fiscal year, Gary E Milgard Family Foundation-Cari has awarded $11,247,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MULTICARE HEALTH FOUNDATION PURPOSE: MARY BRIDGE HOSPITAL CAPITAL CAMPAIGN | $10,000,000 |
Tacoma, WA PURPOSE: GENERAL OPERATING FUND | $500,000 |
MULTICARE HEALTH FOUNDATION PURPOSE: COMMUNITY BASED COVID-19 VACCINE CLINICS | $200,000 |
OLIVE CREST PURPOSE: HIGH RISK FOSTER CHILDREN AND YOUTH | $150,000 |
Tacoma, WA PURPOSE: EMERGENCY SHELTER | $100,000 |
Tacoma, WA PURPOSE: PHOEBE HOUSE RECOVERY, REUNIFICATION, AND RESILIENCY PROGRAMS. | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gary E Milgard Family Foundation-Cari has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Gary E Milgard Family Foundation - Mark Tacoma, WA PURPOSE: DISTRIBUTION OF PRINCIPAL | $6,472 |
Gary E Milgard Family Foundation - Mark Tacoma, WA PURPOSE: PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. | -$6,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Ronald W Naito Md Foundation Portland, OR | $42,239,889 | $5,436,826 |