Giving Well Foundation Inc
- Assets
- $15.5m
- Revenue
- $578.9k
- Investments
- $13.5m
- Employees
- 0
- Location
- Tesuque, NM
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-3192223
Organization Overview
Giving Well Foundation Inc is located in Tesuque, NM. The organization was established in 2019. 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. Giving Well Foundation Inc 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, Giving Well Foundation Inc generated $578.9k in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 57.4% per year over the past 3 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 2020, Giving Well Foundation Inc has awarded 21 individual grants totaling $1,921,704. 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 |
|---|---|---|---|
Leslie Goldstein Director And President | 5 | $0 | |
John Mosimann Director, Treasurer And Clerk | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $276 |
| Dividends & Interest | $16,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $547,611 |
| Capital Gain Net Income | $547,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,852 |
| Total Revenue | $578,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,585 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,185 |
| Total operating and administrative expenses | $146,475 |
| Contributions, gifts, grants paid | $943,337 |
| Total expenses and disbursements | $1,089,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,984,764 |
| 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 | $2,569,812 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $56,913 |
| Total assets | $15,495,356 |
| 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, Giving Well Foundation Inc has awarded $943,337 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LINK HANDS FOR HUMANITY PURPOSE: FUNDING FOR COBDEN EDIBLE BIODIVERSITY CONSERVATION AREA | $359,277 |
LINK HANDS FOR HUMANITY PURPOSE: FUNDING FOR MONGOLIAN MEDICAL CLINICS | $235,000 |
New York, NY PURPOSE: GENERAL FUNDING | $100,000 |
Boston, MA PURPOSE: GENERAL FUNDING | $100,000 |
LINK HANDS FOR HUMANITY PURPOSE: GENERAL FUNDING | $77,040 |
LINK HANDS FOR HUMANITY PURPOSE: COVID-RELATED MEDICAL NEEDS IN MOROCCO | $27,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |