Gertrude E Hill Foundation
- Assets
- $458.9k
- Revenue
- $81.8k
- Investments
- $423.2k
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 12/1987
- Data as of
- 10/2023
- EIN
- 36-3511347
Organization Overview
Gertrude E Hill Foundation is located in Lake Forest, IL. 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. Gertrude E Hill 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 10/2023, Gertrude E Hill Foundation generated $81.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $159.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gertrude E Hill Foundation has awarded 98 individual grants totaling $889,644. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Deann Walquist Dir/pres | 0 | $0 | |
Beth Ann Kroeger Director | 0 | $0 | |
Beverly Jo Walquist Dir/sec'y | 0 | $0 | |
Christopher Walquist Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97 |
| Dividends & Interest | $65,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,334 |
| Capital Gain Net Income | $16,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $384 |
| Total operating and administrative expenses | $12,076 |
| Contributions, gifts, grants paid | $147,651 |
| Total expenses and disbursements | $159,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,738 |
| 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 | $33,867 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $458,949 |
| 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, Gertrude E Hill Foundation has awarded $147,651 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOTANIC GARDEN OF CHICAGO PURPOSE: CHARITABLE | $5,000 |
CHILDREN INTERNATIONAL PURPOSE: CHARITABLE | $3,000 |
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: CHARITABLE | $86,651 |
HONOR FLIGHT CHICAGO PURPOSE: CHARITABLE | $10,000 |
LAKE BLUFF HISTORY MUSEUM PURPOSE: CHARITABLE | $2,000 |
MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH PURPOSE: CHARITABLE | $32,000 |