Gamson Family Foundation
- Assets
- $155.0
- Revenue
- $145.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-3037607
Organization Overview
Gamson Family Foundation is located in Highland Park, IL. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Gamson 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 12/2023, Gamson Family Foundation generated $145.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $85.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (40.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gamson Family Foundation has awarded 28 individual grants totaling $2,517,067. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyse N Gamson President | 5 | $0 | |
Michael M Gamson Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,968 |
| Interest on Savings | $4 |
| Dividends & Interest | $24 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,116 |
| Capital Gain Net Income | $63,116 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,273 |
| Total operating and administrative expenses | $16,692 |
| Contributions, gifts, grants paid | $69,097 |
| Total expenses and disbursements | $85,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $155 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $155 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Gamson Family Foundation has awarded $69,097 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHAI LIFELINE PURPOSE: GENERAL CHARITABLE PURPOSE | $3,000 |
THE CHICAGO INNOVATION FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |
ONEGOAL PURPOSE: GENERAL CHARITABLE PURPOSE | $50,000 |
HOLOCAUST MEMORIAL FOUNDATION II PURPOSE: GENERAL CHARITABLE PURPOSE | $6,097 |
HOPE CHICAGO PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |