Gar Foundation
- Assets
- $151.9m
- Revenue
- $10.0m
- Investments
- $106.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1967
- Data as of
- 12/2022
- EIN
- 34-6577710
Organization Overview
Gar Foundation is located in Pittsburgh, PA. The organization was established in 1967. 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. Gar 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 12/2022, Gar Foundation generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $11.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gar Foundation has awarded 705 individual grants totaling $35,754,409. 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 |
|---|---|---|---|
Pnc Bank N A Co-Trustee | 50 | $378,909 | |
Thomas G Knoll Co-Trustee | 1 | $2,950 | |
Laura Culp Co-Trustee | 1 | $3,775 | |
Christine A Mayer President | 40 | $317,436 | |
Kirstin S Toth Senior Vice Presiden | 40 | $255,068 | |
Robert Lehr Sr Program Officer | 40 | $101,379 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acadian Asset Management Llc | 12/30/22 | $147,890 |
Westfield Capital Management Lp | 12/30/22 | $109,402 |
Fisher Asset Management Llc | 12/30/22 | $106,479 |
The London Company Of Virginia Llc | 12/30/22 | $89,749 |
Systematic Financial Management Lp | 12/30/22 | $81,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,772,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,049,545 |
| Capital Gain Net Income | $3,049,545 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,148,060 |
| Total Revenue | $9,969,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $385,634 |
| Other employee salaries and wages | $1,079,500 |
| Pension plans, employee benefits | $3,536 |
| Interest | $0 |
| Taxes | $250,023 |
| Depreciation | $97,650 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,871 |
| Printing and publications | $0 |
| Other expenses | $1,194,721 |
| Total operating and administrative expenses | $3,802,872 |
| Contributions, gifts, grants paid | $7,367,501 |
| Total expenses and disbursements | $11,170,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $6,468,586 |
| 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 | $3,159,799 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,995,597 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,864,204 |
| Total assets | $151,944,277 |
| 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, Gar Foundation has awarded $6,782,643 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
HEART TO HEART COMMUNICATIONS PURPOSE: PRESIDENTIAL DISCRETIONARY | $15,000 |
MAGICAL THEATRE COMPANY PURPOSE: RENOVATIONS TO THE THEATRE | $42,500 |
EARLY CHILDHOOD RESOURCE CENTER PURPOSE: STARS PROGRAM | $224,300 |
CONSERVANCY FOR CUYAHOGA PURPOSE: GENERAL SUPPORT | $85,450 |
THE WELL COMMUNITY DEVELOPMENT PURPOSE: 2018 GRANT AWARD | $1,000 |
ARTSPARKS PURPOSE: GENERAL SUPPORT | $79,650 |