Gill Foundation
- Assets
- $185.2m
- Revenue
- $3.2m
- Investments
- $176.2m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 84-1264186
Organization Overview
Gill Foundation is located in Denver, CO. The organization was established in 1994. 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. Gill 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 12/2022, Gill Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $15.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gill Foundation has awarded 525 individual grants totaling $36,602,602. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
PUBLIC EDUCATION: THE FOUNDATION REACHES OUT TO CORPORATIONS AND MAINSTREAM/CORPORATE FOUNDATIONS TO HELP THEM UNDERSTAND LGBTQ ISSUES AND THE NEED TO INITIATE OR INCREASE THEIR FUNDING OF LGBTQ CHARITIES. THIS PROGRAM IS INTENDED TO INCREASE ALLIED AWARENESS OF LGBTQ CAUSES AND LEGITIMACY. THE FOUNDATION ALSO PROVIDES ONGOING DONOR EDUCATION SERVICES WITH THE PURPOSE OF INCREASING PHILANTHROPIC GIVING TO LGBTQ ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Gill Chair | 4 | $0 | |
Mary Bonauto Secretary | 3 | $0 | |
Eliza Byard Treasurer | 3 | $0 | |
Brad Clark Ceo/president | 40 | $352,509 | |
Heidi Overbeck Chief Strategy Officer | 40 | $227,743 | |
Penny K Hamilton COO | 40 | $196,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Rock Advisors Lp | 12/30/22 | $400,818 |
Ubs Financial Services Inc | 12/30/22 | $181,017 |
Nexustek | 12/30/22 | $157,489 |
Civitas Public Affairs Group | 12/30/22 | $152,024 |
The Lead Pr Llc | 12/30/22 | $107,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $34,694 |
| Dividends & Interest | $1,576,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,512,588 |
| Capital Gain Net Income | $2,484,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108,262 |
| Total Revenue | $3,232,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $776,783 |
| Other employee salaries and wages | $1,321,175 |
| Pension plans, employee benefits | $568,307 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $452,046 |
| Occupancy | $317,976 |
| Travel, conferences, and meetings | $393,018 |
| Printing and publications | $10,436 |
| Other expenses | $882,203 |
| Total operating and administrative expenses | $5,820,439 |
| Contributions, gifts, grants paid | $10,079,533 |
| Total expenses and disbursements | $15,899,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,564,738 |
| Savings and temporary cash investments | $3,930,680 |
| 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 | $248,057 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $124,227,964 |
| Net Land, buildings, and equipment | $1,608,578 |
| Other assets | $1,712,907 |
| Total assets | $185,219,539 |
| Accounts payable and accrued expenses | $472,024 |
| Grants payable | $538,258 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,301,501 |
| Total liabilities | $3,311,783 |
Grants Awarded
Over the last fiscal year, Gill Foundation has awarded $11,239,073 in support to 177 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU NEBRASKA FOUNDATION INC PURPOSE: PROJECT SUPPORT FOR LGBTQ ISSUES | $50,000 |
1N10 INC PURPOSE: PROJECT SUPPORT FOR LGBTQ ISSUES | $150,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL OPERATING SUPPORT | $100 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: PROJECT SUPPORT FOR LGBTQ ISSUES | $700,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: PROJECT SUPPORT FOR LGBTQ ISSUES | $75,000 |
BELL POLICY CENTER PURPOSE: PROJECT SUPPORT FOR FINANCIAL SERVICES | $100,000 |