Gies Foundation
- Assets
- $2.1m
- Revenue
- $41.8k
- Investments
- $774.0k
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 01/2006
- Data as of
- 12/2021
- 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 12/2021, Gies Foundation generated $41.8k 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 (43.9%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gies Foundation has awarded 105 individual grants totaling $8,606,931. 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 |
|---|---|---|---|
Beth G Gies Director/secretary | 4 | $0 | |
Larry W Gies Director/president | 1 | $0 | |
Brian F Richards Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,823 |
| 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 | $41,823 |
| 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 | $30,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $429 |
| Total operating and administrative expenses | $184,709 |
| Contributions, gifts, grants paid | $1,982,297 |
| Total expenses and disbursements | $2,167,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,293,907 |
| 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 | $251,899 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,067,935 |
| 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 $1,982,297 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
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. | $750,300 |
THOMAS JEFFERSON UNIVERSITY PURPOSE: TO CHALLENGE AND NUTURE STUDENTS ACADEMICALLY AND PERSONALLY AS THEY PREPARE TO LEAD LIVES OF LEADERSHIP AND SERVICE | $383,617 |
HUNTINGTON'S DISEASE SOCIETY PURPOSE: TO IMPROVE THE LIVES OF EVERYONE AFFECTD BY HUNTINGTON'S DISEASE THROUGH COMMUNITY SERVICES, EDUCATION, ADVOCACY AND RESEARCH. | $208,250 |
Chicago, IL PURPOSE: TO PROVIDE A CHRIST-FOCUSED, BIBLICALLY-CENTERED EDUCATION TO MEET THE NEEDS OF FAMILIES WHO SHARE THE BELIEF THAT GOD IS THE CREATOR AND SUSTAINER OF THE UNIVERSE AND HAS PROVIDED US WITHT HE MEANS TO "TRAIN UP CHILDREN IN THE NUTURE AND ADMONITION OF THE LORD." | $150,000 |
CULVER ACADEMIES PURPOSE: TO DEVELOP AND NURTURE THE WHOLE INDIVIDUAL THROUGH INTEGRATED PROGRAMS THAT EMPHASIZE THE CULTIVATION OF CHARACTER. | $125,000 |
SARCOIDOSIS FOUNDATION PURPOSE: TO IMPROVE CARE FOR SARCOIDOSIS PATIENTS AND TO FIND A CURE FOR THE DISEASE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |