George Gund Foundation

Organization Overview

George Gund Foundation is located in Cleveland, OH. The organization was established in 1953. 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. George Gund 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, George Gund Foundation generated $120.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $72.5m during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 6 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 2017, George Gund Foundation has awarded 2,183 individual grants totaling $269,397,018. 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Goldman Sachs & Co
$3,910,692
Rea & Associates Inc
$212,700
Isaacson Miller Inc
$123,291
M Fine Consulting Llc
$106,664
Keybank National Association
$112,828
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $3,078
Dividends & Interest $10,205,295
Net Rental Income$0
Net Gain on Sale of Assets $110,541,915
Capital Gain Net Income $110,405,291
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $172,848
Total Revenue $120,923,136

Grants Awarded

Over the last fiscal year, George Gund Foundation has awarded $70,348,127 in support to 429 organizations.

Grant RecipientAmount

Cleveland, OH

PURPOSE: IRISHTOWN BEND.

$3,000,000

CLEVELAND STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: LIVING LEARNING COMMUNITY AT CLEVELAND STATE UNIVERSITY.

$2,500,000

CLEVELAND STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: LIVING LEARNING COMMUNITY AT CLEVELAND STATE UNIVERSITY.

$2,500,000

CLEVELAND FOUNDATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: SAY YES TO EDUCATION CLEVELAND SCHOLARSHIP FUND.

$2,000,000

ROCK AND ROLL HALL OF FAME AND MUSEUM INC

Org PageRecipient Profile

Cleveland, OH

PURPOSE: ROCK HALL EXPANSION.

$2,000,000

FOUNDATION FIGHTING BLINDNESS INC

PURPOSE: RETINAL DEGENERATIVE DISEASE RESEARCH.

$2,000,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that George Gund Foundation has recieved totaling $2,398,335.

Awarding OrganizationAmount
Matthew 25 Ministries Inc

Cincinnati, OH

PURPOSE: Humanitarian Aid

$2,398,335
View Grant Recipient Profile

Peer Organizations

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