C G Charitable Fund
- Assets
- $64.8m
- Revenue
- $12.5m
- Investments
- $60.8m
- Employees
- 0
- Location
- Layton, UT
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 20-0495002
Organization Overview
C G Charitable Fund is located in Layton, UT. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public 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. C G Charitable 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 12/2021, C G Charitable Fund generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 4.4% 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 2014, C G Charitable Fund has awarded 174 individual grants totaling $26,230,250. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ALLEVIATE SUFFERING, TO PROMOTE SELF-SUFFICIENCY THROUGH EDUCATION AND TO GIVE HOPE TO THE POOR, THE NEEDY AND THE DISADVANTAGED THROUGHOUT THE WORLD WITH AN EMPHASIS ON FEMALE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED ORGANIZATIONS: C.G. CHARITABLE FUND IS A SUPPORTING ORGANIZATION OF THE CHURCH OF JESUS CHRIST OF LATTER-DAY- SAINTS, AND BRIGHAM YOUNG UNIVERSITY (A UNIVERSITY FOUNDED, SUPPORTED AND MANAGED BY THE CHURCH OF JESUS CHRIST OF LATTER-DAY-SAINTS) AND THEIR ASSOCIATED CHARITABLE ENTITIES AND PROGRAMS. THE FUND SUPPORTS THE UNIVERSITY BY CONTRIBUTING TO VARIOUS PROGRAMS, INCLUDING SCHOLARSHIP FUNDS OF THE UNIVERSITY.
EDUCATIONAL AND SOCIAL SERVICES ORGANIZATIONS: C.G. CHARITABLE FUND SUPPORTS CHARITABLE ORGANIZATIONS WHOSE MISSION IS TO IMPROVE THE QUALITY OF LIFE OF UNDER SERVED POPULATIONS BY PROMOTING EDUCATIONAL INITIATIVES LEADING TO GREATER PERSONAL AND FAMILY SUSTAINABILITY.
MISSION CRITICAL PROJECTS: C.G. CHARITABLE FUND SUPPORTS VARIOUS MISSION CRITICAL PROJECTS IN SUPPORT OF ITS GOAL TO CREATE HARMONIOUS EDUCATIONAL ENVIRONMENTS FOR THE ENRICHMENT OF UNDER SERVED POPULATIONS, SUCH AS: PROVIDING ACCESS TO A SAFE AND SUSTAINABLE SOURCE OF CLEAN WATER, SUPPORTING BONDAGE LIBERATION INITIATIVES AND OTHER SUPPORTING ACTIVITIES GEARED TO ENHANCE ITS PRIME MISSION OF PROVIDING EDUCATIONAL SERVICES TO POPULATIONS IN MAINLY DEVELOPING COUNTRIES, WITH AN EMPHASIS ON FEMALE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Pope President An | 3 | $0 | |
Rickey Garner Director | 0.5 | $0 | |
Charles Pope VP Secty & T | 3 | $0 | |
Sandra Rogers Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $462,293 |
| Dividends & Interest | $1,034,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,019,146 |
| Capital Gain Net Income | $11,019,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,780 |
| Total Revenue | $12,524,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $107,235 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,049 |
| Total operating and administrative expenses | $741,974 |
| Contributions, gifts, grants paid | $4,500,000 |
| Total expenses and disbursements | $5,241,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,986,084 |
| 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 | $64,826,313 |
| 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, C G Charitable Fund has awarded $4,500,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
LDS PHILANTHROPIES PURPOSE: BYU SCHOLARSHIPS. MISSIONARY SUPPORT | $2,305,000 |
COMMON HOPE PURPOSE: FAMILY SUPPORT & EDU IN GUATEMALA | $300,000 |
VILLAGE SCHOOLS INTERNATIONAL PURPOSE: EDUCATION, SUPPLIES TO AFRICAN YOUTH | $300,000 |
Provo, UT PURPOSE: SUPPORT TO INDIA'S LEPROSY COLONIES | $225,000 |
Los Angeles, CA PURPOSE: IMPROVE LIFE SKILLS OF FOSTER YOUTHS | $200,000 |
AGAPE INTERNATIONAL MISSIONS PURPOSE: EDUCATION OF WOMEN IN CAMBODIA | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |
Thunderbirds Charities Phoenix, AZ | $6,399,663 | $6,410,602 |
Yeshiva Of Phoenix Phoenix, AZ | $4,803,605 | $7,122,946 |
The Summit Foundation Breckenridge, CO | $22,333,564 | $6,446,939 |