Robert W Galvin Foundation
- Assets
- $54.0m
- Revenue
- $8.0m
- Investments
- $53.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1955
- Data as of
- 12/2021
- EIN
- 36-6065560
Organization Overview
Robert W Galvin Foundation is located in Chicago, IL. The organization was established in 1955. 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. Robert W Galvin 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, Robert W Galvin Foundation generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 6.6% 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 2014, Robert W Galvin Foundation has awarded 320 individual grants totaling $27,777,565. 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 |
|---|---|---|---|
Christopher B Galvin President | 0 | $0 | |
Michael P Galvin Vice President | 0 | $0 | |
Mary G Galvin Treas/sec | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $264,958 |
| Dividends & Interest | $543,896 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,732,730 |
| Capital Gain Net Income | $4,732,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,506,928 |
| Total Revenue | $8,048,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114,725 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,267,990 |
| Total operating and administrative expenses | $1,390,773 |
| Contributions, gifts, grants paid | $3,822,615 |
| Total expenses and disbursements | $5,213,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $822,632 |
| 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 | $53,215,269 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,037,901 |
| 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 | $1,647,234 |
| Total liabilities | $1,647,234 |
Grants Awarded
Over the last fiscal year, Robert W Galvin Foundation has awarded $3,930,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO FOUNDATION FOR EDUCATION PURPOSE: PUBLIC CHARITY | $2,500 |
UNIVERSITY OF EDINBURGH PURPOSE: PUBLIC CHARITY | $5,000 |
ADLER PLANETARIUM PURPOSE: PUBLIC CHARITY | $5,000 |
GOLDEN APPLE FOUNDATION PURPOSE: PUBLIC CHARITY | $10,000 |
CHICAGO HISTORY MUSEUM PURPOSE: PUBLIC CHARITY | $25,000 |
SUMMIT SCHOOL PURPOSE: PUBLIC CHARITY | $20,000 |