Jaggi Family Foundation
- Assets
- $877.0k
- Revenue
- $23.7k
- Investments
- $753.4k
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 20-0132014
Organization Overview
Jaggi Family Foundation is located in Tucson, AZ. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Jaggi Family 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 12/2023, Jaggi Family Foundation generated $23.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $53.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jaggi Family Foundation has awarded 36 individual grants totaling $710,016. 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 |
|---|---|---|---|
Gurpreet Jaggi President | 2 | $0 | |
Reema Sawhney Jaggi Vice Pres | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,377 |
| Dividends & Interest | $30,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,082 |
| Capital Gain Net Income | $1,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $863 |
| Total Revenue | $23,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $3,400 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $53,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,408 |
| Savings and temporary cash investments | $104,130 |
| 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 | $876,985 |
| 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, Jaggi Family Foundation has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
U OF A FOUNDATION PURPOSE: FUNDING FOR ATHLETIC PROGRAMS | $50,000 |
THE GREGORY SCHOOL PURPOSE: ACADEMIC | $50,000 |