Gies Foundation
- Assets
- $848.9k
- Revenue
- $58.4k
- Investments
- $507.2k
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-1685394
Organization Overview
Gies Foundation is located in Oak Brook, IL. The organization was established in 2006. 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. Gies 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 12/2022, Gies Foundation generated $58.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gies Foundation has awarded 116 individual grants totaling $9,785,034. 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 |
|---|---|---|---|
Larry W Gies Director/president | 1 | $0 | |
Beth G Gies Director/secretary | 4 | $0 | |
Brian F Richards Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,133 |
| Capital Gain Net Income | $33,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $120,000 |
| Pension plans, employee benefits | $26,050 |
| Interest | $0 |
| Taxes | $9,445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $606 |
| Total operating and administrative expenses | $163,576 |
| Contributions, gifts, grants paid | $1,113,905 |
| Total expenses and disbursements | $1,277,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $341,700 |
| 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 | $253,688 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $848,883 |
| 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, Gies Foundation has awarded $1,113,905 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTINGTON'S DISEASE SOCIETY PURPOSE: TO IMPROVE THE LIVES OF EVERYONE AFFECTED BY HUNTINGTON'S DISEASE THROUGH COMMUNITY SERVICES, EDUCATION, ADVOCACY AND RESEARCH. | $214,500 |
CHICAGO JESUIT ACADEMY PURPOSE: TO OFFER CHILDREN WITH EDUCATIONAL AND ECONOMIC NEEDS ACCESS TO A CATHOLIC, COLLEGE PREPARATTORY MIDDLE SCHOOL EDUCATION IN THE JESUIT TRADITION. | $171,205 |
GLENWOOD SCHOOL FOR BOYS PURPOSE: TO PROVIDE A SUPPORTIVE LEARNING COMMUNITY FOR STUDENTS AND THEIR FAMILIES WHO HAVE BEEN IMPACTED BY POVERTY, VIOLENCE, INADEQUATE EDUCATIONAL SYSTEMS OR LACK OF RESOURCES. | $31,300 |
ROYAL FAMILY KIDS CAMP PURPOSE: TO SUPPORT CAMPS AND CLUBS FOR CHILDREN IN THE FOSTER CARE SYSTEM. | $15,000 |
TEACH FOR AMERICA PURPOSE: TO ENLIST, DEVELOP AND MOBILIZE OUR NATION'S MOST PROMISING FUTURE LEADERS TO GROW AND STRENGTHEN THE MOVEMENT FOR EDUCATIONAL EQUITY AND EXCELLENCE. | $25,000 |
ACCELERATE INSTITUTE PURPOSE: TO CREATE TRANSFORMATIONAL SCHOOL LEADERS TO ENSURE THAT CHILDREN GROWING UP IN POVERTY HAVE ACCESS TO GREAT SCHOOLS. | $200,000 |