Gries Family Foundation
- Assets
- $2.2m
- Revenue
- $595.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/1987
- Data as of
- 12/2023
- EIN
- 34-1536795
Organization Overview
Gries Family Foundation is located in Cleveland, OH. The organization was established in 1987. 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. Gries Family 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 12/2023, Gries Family Foundation generated $595.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 18.4% per year over the past 9 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 2015, Gries Family Foundation has awarded 389 individual grants totaling $4,489,981. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION DONATED A TOTAL OF $1,278,051 TO CHARITIES BOTH WITHIN CLEVELAND OHIO AND NATIONALLY FOR THE BENEFIT OF EDUCATION, HEALTH AND THE ARTS. THE FOUR LARGEST DONATIONS INCLUDED $912,750 TO THE UNIVERSITY HOSPITALS, $100,000 TO THE CLEVELAND FOUNDATION. $40,000 TO CASE WESTERN RESERVE UNIVERSITY AND $27,500 TO THE AMERICAN JEWISH COMMITTEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Gries President-Trustee | 10 | $0 | |
Sarah P Gries Sec/tres-Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $354,040 |
| Interest on Savings | $306 |
| Dividends & Interest | $48,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,955 |
| Capital Gain Net Income | $191,955 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $693 |
| Total Revenue | $595,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,312 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,314 |
| Total operating and administrative expenses | $45,833 |
| Contributions, gifts, grants paid | $1,278,052 |
| Total expenses and disbursements | $1,323,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,553 |
| 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 | $1,041,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,241,060 |
| 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, Gries Family Foundation has awarded $1,278,052 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANTAGE CLEVELAND PURPOSE: OPERATING SUPPORT | $500 |
BOY SCOUTS OF AMERICA PURPOSE: OPERATING SUPPORT | $4,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: OPERATING SUPPORT | $40,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: OPERATING SUPPORT | $27,500 |
CATCH MEANING FUND PURPOSE: OPERATING SUPPORT | $1,000 |
CLEVELAND BOTANICAL GARDENHOLDEN ARB PURPOSE: OPERATING SUPPORT | $15,000 |