Gary E Milgard Family Foundation-Lori
- Assets
- $64.1m
- Revenue
- $3.6m
- Investments
- $63.8m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-1344384
Organization Overview
Gary E Milgard Family Foundation-Lori is located in Tacoma, WA. The organization was established in 2016. 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. Gary E Milgard Family Foundation-Lori 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-Lori 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 (14.5%) each year. All expenses for the organization totaled $2.8m 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-Lori has awarded 262 individual grants totaling $10,923,760. 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 |
|---|---|---|---|
Lindsay Trapp Executive Director & Treasurer | 40 | $136,644 | |
Christine Zemanek President | 7.2 | $68,759 | |
Scott Ehlers Vice President | 40 | $25,000 | |
Lori Milgard Secretary | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,011,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,631,299 |
| Capital Gain Net Income | $1,784,869 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,642,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $230,403 |
| Other employee salaries and wages | $30,682 |
| Pension plans, employee benefits | $83,639 |
| Interest | $0 |
| Taxes | $64,775 |
| Depreciation | $0 |
| Occupancy | $2,333 |
| Travel, conferences, and meetings | $3,069 |
| Printing and publications | $0 |
| Other expenses | $21,405 |
| Total operating and administrative expenses | $612,465 |
| Contributions, gifts, grants paid | $2,200,000 |
| Total expenses and disbursements | $2,812,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,703 |
| Savings and temporary cash investments | $246,464 |
| 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 | $5,036,798 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,069,870 |
| Accounts payable and accrued expenses | $5,804 |
| 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 | $237,100 |
| Total liabilities | $242,904 |
Grants Awarded
Over the last fiscal year, Gary E Milgard Family Foundation-Lori has awarded $2,200,000 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
THE LITTLE MARKET PURPOSE: UPLIFTING WOMEN GLOBALLY | $200,000 |
Monterey Park, CA PURPOSE: 2021 THANKS FOR GIVING | $140,000 |
Los Angeles, CA PURPOSE: COVID-19 RESPONSE SERVICES | $100,000 |
Los Angeles, CA PURPOSE: 18-MONTH RE-ENTRY PROGRAM | $100,000 |
NEW DIRECTIONS FOR VETERANS PURPOSE: HOUSING HOMELESS VETERANS | $100,000 |
Monterey Park, CA PURPOSE: MANNERS MATTER/MINDING MANNERS | $87,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gary E Milgard Family Foundation-Lori has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Gary E Milgard Family Foundation - Mark Tacoma, WA PURPOSE: DISTRIBUTION OF PRINCIPAL | $3,421 |
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. | -$3,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
William A Looney Family Foundation Seattle, WA | $2,970,328 | $1,865,530 |
Fairview Foundation Seattle, WA | $22,161,652 | $15,221,518 |
Roundhouse Foundation Irrv Charitable Tr Sisters, OR | $376,773,592 | $260,472,613 |
James D And Sherry Raisbeck Foundation Seattle, WA | $19,522,688 | $18,818,250 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
The Robert P Rotella Foundation Bellevue, WA | $0 | $9,974 |
Cambia Health Foundation Portland, OR | $95,632,719 | $22,110,074 |
All Alaska Longshore Health And Welfare Trust Fund Portland, OR | $15,094,245 | $10,298,043 |