Dunard Fund Ltd
- Assets
- $105.4m
- Revenue
- $70.9m
- Investments
- $7.2m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 98-0087034
Organization Overview
Dunard Fund Ltd is located in Northbrook, IL. The organization was established in 1993. 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. Dunard Fund Ltd 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, Dunard Fund Ltd generated $70.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $49.7m during the year ending 12/2022. While expenses have increased by 26.8% 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 2015, Dunard Fund Ltd has awarded 165 individual grants totaling $129,019,333. 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:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Grigor President/director/treasurer | 1 | $0 | |
David Bradford Secretary | 1 | $0 | |
Andrea Mayes Assistant Treasurer | 1 | $0 | |
Keith Colburn Assistant Secretary | 1 | $0 | |
Catherine Hogel Director | 1 | $0 | |
Forrest Colburn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,050,000 |
| Interest on Savings | $465,137 |
| Dividends & Interest | $390,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,912 |
| Capital Gain Net Income | $18,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$34,811 |
| Total Revenue | $70,889,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,682 |
| Total operating and administrative expenses | $242,319 |
| Contributions, gifts, grants paid | $49,496,000 |
| Total expenses and disbursements | $49,738,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,427,978 |
| 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 | $475,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $116,504 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $348,000 |
| Total assets | $105,447,835 |
| 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, Dunard Fund Ltd has awarded $49,496,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CATO INSTITUTE PURPOSE: GENERAL SUPPORT | $10,000 |
COLBURN SCHOOL PURPOSE: PAYMENT TO CHARITY THAT IS NOT COUNTED AS A QD SINCE IT FALLS UNDER SECTION 4941. | $37,550,000 |
DANCE DOWNTOWN LA INC PURPOSE: GENERAL SUPPORT | $100,000 |
INSTITUTE OF JUSTICE PURPOSE: GENERAL SUPPORT | $5,000 |
LENNOX LIBRARY PURPOSE: GENERAL SUPPORT | $1,000 |
LOS ANGELES OPERA PURPOSE: GENERAL SUPPORT | $400,000 |