Louis H Gross Foundation Inc
- Assets
- $224.5k
- Revenue
- $22.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 06/1961
- Data as of
- 12/2023
- EIN
- 14-6018307
Organization Overview
Louis H Gross Foundation Inc is located in Virginia Beach, VA. The organization was established in 1961. 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. Louis H Gross 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 12/2023, Louis H Gross Foundation Inc generated $22.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (67.3%) each year. All expenses for the organization totaled $335.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (57.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louis H Gross Foundation Inc has awarded 589 individual grants totaling $16,127,320. 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 |
|---|---|---|---|
Mrs Baila P Waldholtz Board Member | 0 | $0 | |
Ms Annette E Pakula Board Member | 0 | $0 | |
Mrs Dale P Perreault Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $22 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59 |
| Total operating and administrative expenses | $335 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,504 |
| 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 | $224,504 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $351 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $351 |
Grants Awarded
Over the last fiscal year, Louis H Gross Foundation Inc has awarded $8,682,776 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BESSEMER NATIONAL GIFT FUND PURPOSE: DONOR ADVISED FUND (PERREAULT) | $148,812 |
BESSEMER NATIONAL GIFT FUND PURPOSE: DONOR ADVISED FUND (WALDHOLTZ) | $148,812 |
BESSEMER NATIONAL GIFT FUND PURPOSE: DONOR ADVISED FUND (PERREAULT) | $1,296,832 |
CHILDRENS MERCY HOSPITAL PURPOSE: SUPPORT DR. SYDNEY F. PAKULA ENDOWED CHAIR IN GRADUATE MEDICAL EDUCATION | $1,500,000 |
BESSEMER NATIONAL GIFT FUND PURPOSE: DONOR ADVISED FUND (WALDHOLTZ) | $1,296,832 |
FIDELITY CHARITABLE PURPOSE: DONOR ADVISED FUND (ANNETTE PAKULA) | $148,812 |