Realty Gift Fund
- Assets
- $7.4m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 85-0479295
Organization Overview
Realty Gift Fund is located in Santa Fe, NM. The organization was established in 2001. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realty Gift Fund 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, Realty Gift Fund generated $12.2m in total revenue. All expenses for the organization totaled $10.8m during the year ending 12/2022. While expenses have increased by 98.0% per year over the past 7 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, Realty Gift Fund has awarded 25 individual grants totaling $11,823,704. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE CHARITABLE GIVING OF REAL ESTATE BY SEEKING AND ACCEPTING REAL ESTATE GIFTS OF ALL KINDS, FIXING OR REMEDIATING ASSETS BEFORE SELLING THEM, AND USING THE EXCESS PROCEEDS TO MAKE GRANTS TO OTHER NON-PROFIT ORGANIZATIONS. IN 2022, RGF SOLD AND/OR RECEIVED REAL PROPERTY IN ALABMA, ALASKA, ARIZONA, CALIFORNIA, FLORIDA, IDAHO, ILLINOIS, MICHIGAN, MARYLVAND, MINNESOTA, PENNSYVLANIA, SOUTH DAKOTA, TEXAS, UTAH, AND VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Grab President | 20 | $45,000 | |
Bruce A Geiss Treasurer | 40 | $97,500 | |
Anita Martinez Secretary | 20 | $18,248 | |
Neel Lane Director | 1 | $0 | |
Brian Gonzales Director | 1 | $0 | |
Rachel Kelly Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,399,792 |
| Interest on Savings | $599 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$214,500 |
| Other Income | $3,750 |
| Total Revenue | $12,189,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,748 |
| Other employee salaries and wages | $66,124 |
| Pension plans, employee benefits | $25,042 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $19,605 |
| Travel, conferences, and meetings | $2,632 |
| Printing and publications | $259 |
| Other expenses | $725,983 |
| Total operating and administrative expenses | $1,017,162 |
| Contributions, gifts, grants paid | $9,751,267 |
| Total expenses and disbursements | $10,768,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,615 |
| Savings and temporary cash investments | $501,092 |
| Net Accounts receivable | $3,451,766 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $100,000 |
| 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 | $3,204,000 |
| Other assets | $0 |
| Total assets | $7,443,473 |
| Accounts payable and accrued expenses | $14,330 |
| Grants payable | $3,426,766 |
| Deferred revenue | $500,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $39,400 |
| Other liabilities | $0 |
| Total liabilities | $3,980,496 |
Grants Awarded
Over the last fiscal year, Realty Gift Fund has awarded $6,324,501 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENDOWMENT FOUNDATION PURPOSE: GENERAL SUPPORT | $1,396,827 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $2,676,913 |
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: GENERAL SUPPORT | $196,335 |
NEWPORT BEACH PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000,000 |
BERKELEY HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $1,053,911 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: GENERAL SUPPORT | $515 |