Grable Foundation
- Assets
- $386.7m
- Revenue
- $35.9m
- Investments
- $379.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1977
- Data as of
- 12/2021
- EIN
- 25-1309888
Organization Overview
Grable Foundation is located in Pittsburgh, PA. The organization was established in 1977. 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. Grable 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, Grable Foundation generated $35.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $19.5m during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 4 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 2020, Grable Foundation has awarded 747 individual grants totaling $39,467,839. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Behr Executive Director | 40 | $480,400 | |
Kristen Burns Program Officer | 40 | $196,296 | |
D'ann Swanson Program Officer | 40 | $180,959 | |
Charles R Burke Jr Chairman & Trustee | 4 | $0 | |
Teresa Serrao Administrative Assis | 40 | $97,345 | |
Dana Lamenza Financial Administra | 40 | $93,732 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer | 12/30/21 | $384,755 |
The Motherhood | 12/30/21 | $125,000 |
Ryan Rydzewski | 12/30/21 | $81,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,382,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,643,343 |
| Capital Gain Net Income | $29,933,235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,920,399 |
| Total Revenue | $35,946,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $480,400 |
| Other employee salaries and wages | $905,834 |
| Pension plans, employee benefits | $495,583 |
| Interest | $0 |
| Taxes | $530,480 |
| Depreciation | $0 |
| Occupancy | $78,750 |
| Travel, conferences, and meetings | $52,380 |
| Printing and publications | $0 |
| Other expenses | $949,442 |
| Total operating and administrative expenses | $4,115,951 |
| Contributions, gifts, grants paid | $15,344,989 |
| Total expenses and disbursements | $19,460,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,429,914 |
| Net Accounts receivable | $89,756 |
| 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 | $20,620 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $258,530,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,669,093 |
| Total assets | $386,701,292 |
| Accounts payable and accrued expenses | $607,476 |
| Grants payable | $6,538,170 |
| 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 | $7,145,646 |
Grants Awarded
Over the last fiscal year, Grable Foundation has awarded $21,089,614 in support to 386 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY INTERMEDIATE UNIT PURPOSE: TO SUPPORT CATALYTIC GRANTMAKING THAT WILL ENABLE SCHOOLS AND OUT-OF-SCHOOL PROGRAMS TO TEST AUDACIOUS IDEAS AROUND REDESIGNING SCHOOL SYSTEMS, REENGINEERING INSTRUCTION, AND CO-AUTHORING PERSONALIZED LEARNING FOR ALL STUDENTS | $2,000,000 |
Pittsburgh, PA PURPOSE: TO SUPPORT PROGRAMMING TO REDUCE TEEN PREGNANCY AND PREVENT SCHOOL DROPOUT IN LOCAL MIDDLE AND HIGH SCHOOLS | $1,250,000 |
Pittsburgh, PA PURPOSE: TO SUPPORT A PARTNERSHIP AMONG KIDSBURGH.ORG, THE BROOKINGS INSTITUTION, HUNDRED, AND LEARNING HEROES TO IDENTIFY, DESIGN, AND SHARE PROMISING STRATEGIES TO BUILD STRONGER PARTNERSHIPS AMONG SCHOOLS AND THE PARENTS, FAMILIES, AND CAREGIVERS OF THEIR STUDENTS | $1,000,000 |
PITTSBURGH CULTURAL TRUST PURPOSE: TO SUPPORT RECONSTRUCTION OF THE ARTS EDUCATION CENTER IN DOWNTOWN PITTSBURGH | $600,000 |
WESTERN PA LEARNING 2025 ALLIANCE PURPOSE: TO SUPPORT THE PARTICIPATION OF LOCAL SCHOOL DISTRICTS IN THE 2025 LEARNING ALLIANCE | $496,500 |
Pittsburgh, PA PURPOSE: TO SUPPORT OPPORTUNITIES FOR YOUTH TO EXPLORE AND ENGAGE IN GLASS ART | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |