Jeremy And Hannelore Grantham Environmental Trust
- Assets
- $329.2m
- Revenue
- $38.9m
- Investments
- $192.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/2007
- Data as of
- 12/2020
- EIN
- 20-3959397
Organization Overview
Jeremy And Hannelore Grantham Environmental Trust is located in Boston, MA. The organization was established in 2007. 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. Jeremy And Hannelore Grantham Environmental Trust 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 12/2020, Jeremy And Hannelore Grantham Environmental Trust generated $38.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $7.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jeremy And Hannelore Grantham Environmental Trust has awarded 47 individual grants totaling $50,221,268. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES GRANTS TO ORGANIZATIONS ENGAGED IN PROTECTING THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUSTEE, IN THEIR DISCRETION, THINK ADVISABLE, IN EACH CASE TO OR FOR THE USE OF THE CLASS OF UNITED STATES CHARITIES ORGANIZED FOR PURPOSES OF COMBATTING ENVIRONMENTAL DEGRADATION OR PRESERVING AND PROTECTING THE NATURAL ENVIRONMENT, SO LONG AS SUCH CHARITY OR CHARITIES QUALITY AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND EITHER SECTION 509(A)(1) OR 509(A)(2) OF CODE.
PROGRAMMATIC INVESTMENT EXPENSES INCLUDE LEGAL FEES, PAYMENTS TO CONSULTANTS AND COST OF LABOR FOR WORK DIRECTLY RELATED TO PROGRAMMATIC INVESTMENTS. INVESTMENT ADVISORY FEES RELATE TO NONPROGRAMMATIC INVESTMENTS AND ARE NETTED AGAINST INVESTMENT INCOME. GENERAL AND ADMINISTRATIVE EXPENSES INCLUDE LEGAL FEES AND VARIOUS OTHER EXPENSES NOT RELATED TO INVESTMENTS. CERTAIN FUNCTIONAL EXPENSES ARE ALLOCATED BETWEEN PROGRAMMATIC AND GENERAL AND ADMINISTRATIVE EXPENSES BASED UPON PERCENT OF TIME SPENT ADMINISTERING PROGRAMMATIC INVESTMENTS OR THE PERCENT OF PROGRAMMATIC INVESTMENTS TO TOTAL INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Morris Trustee | Trustee | 0.25 | $0 |
Jeremy Grantham Trustee | Trustee | 1 | $0 |
Jules Kortenhorst Trustee | Trustee | 0.25 | $0 |
Ramsay Ravenel Trustee | Trustee | 0.25 | $0 |
Hannelore Grantham Trustee | Trustee | 0.25 | $0 |
Carter Roberts Trustee | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Instrumentation Investment Consulting | 12/30/21 | $300,000 |
Bionutrient Food Association Investment Consulting | 12/30/21 | $350,000 |
Cambridge Associates Investment Consulting | 12/30/21 | $335,630 |
Deep Sea Ventures Investment Consulting | 12/30/21 | $704,298 |
The Nature Conservancy Investment Consulting | 12/30/21 | $155,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,865,694 |
| Investment income | $1,787,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,222,626 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,875,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $332,685 |
| Fees for services: Accounting | $83,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $432,258 |
| Fees for services: Other | $1,604 |
| Advertising and promotion | $0 |
| Office expenses | $10,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,637,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,025,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,381,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,958,078 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $10,675,574 |
| Investments—other securities | $192,106,989 |
| Investments—program-related | $46,043,197 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,190,661 |
| Accounts payable and accrued expenses | $312,590 |
| Grants payable | $3,658,997 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,971,587 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $325,219,074 |
Grants Awarded
Over the last fiscal year, Jeremy And Hannelore Grantham Environmental Trust has awarded $21,920,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $3,700,000 |
Berkeley, CA PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $3,400,000 |
Arlington, VA PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $2,500,000 |
Calabasas, CA PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $2,000,000 |
Leesburg, VA PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $1,650,000 |
Washington, DC PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $1,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jeremy And Hannelore Grantham Environmental Trust has recieved totaling $1,500,887.
| Awarding Organization | Amount |
|---|---|
Sergey Brin Family Foundation San Francisco, CA PURPOSE: NEGLECTED CLIMATE OPPORTUNITIES FUND: SAVANA INSTITUTE | $1,500,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |