Gary E Milgard Family Foundation-Lori
- Assets
- $56.3m
- Revenue
- $1.9m
- Investments
- $55.9m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/2016
- Data as of
- 12/2023
- 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 12/2023, Gary E Milgard Family Foundation-Lori generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gary E Milgard Family Foundation-Lori has awarded 344 individual grants totaling $15,923,970. 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 |
|---|---|---|---|
Lori Milgard President | 20 | $600 | |
Lindsay Trapp Vice President | 40 | $125,000 | |
Scott Ehlers Treasurer | 20 | $25,000 | |
Christine Zemanek Secretary | 10 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,662,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $241,188 |
| Capital Gain Net Income | $271,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,903,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,600 |
| Other employee salaries and wages | $32,958 |
| Pension plans, employee benefits | $88,887 |
| Interest | $0 |
| Taxes | $57,657 |
| Depreciation | $0 |
| Occupancy | $2,556 |
| Travel, conferences, and meetings | $3,559 |
| Printing and publications | $0 |
| Other expenses | $10,843 |
| Total operating and administrative expenses | $545,081 |
| Contributions, gifts, grants paid | $2,300,210 |
| Total expenses and disbursements | $2,845,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,589 |
| Savings and temporary cash investments | $366,245 |
| 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 | $4,790,419 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,338,219 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $156,300 |
| Total liabilities | $166,300 |
Grants Awarded
Over the last fiscal year, Gary E Milgard Family Foundation-Lori has awarded $2,300,210 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE CALLED HOME PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |
BOYS & GIRLS CLUB OF LONG BEACH PURPOSE: LEADERSHIP/SOCIAL PROGRAMS | $35,000 |
BOYS & GIRLS CLUB OF MALIBU PURPOSE: KINDNESS IS FREE PROGRAM/CAMPAIGN | $100,000 |
BOYS & GIRLS CLUB OF MALIBU PURPOSE: MANNERS MATTER | $50,000 |
BOYS & GIRLS CLUB OF W SAN GABRIEL VALLEY PURPOSE: KINDNESS IS FREE/ROSE PARADE | $800,000 |
BOYS & GIRLS CLUB OF W SAN GABRIEL VALLEY PURPOSE: KINDNESS BACK TO SCHOOL ENGAGEMENT | $160,000 |