Arthur J Gallagher Foundation
- Assets
- $7.4m
- Revenue
- $1.9m
- Investments
- $6.0m
- Employees
- 0
- Location
- Rolling Meadows, IL
- Founding
- 04/1964
- Data as of
- 12/2022
- EIN
- 36-6082304
Organization Overview
Arthur J Gallagher Foundation is located in Rolling Meadows, IL. The organization was established in 1964. 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. Arthur J Gallagher 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, Arthur J Gallagher Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 4 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 2019, Arthur J Gallagher Foundation has awarded 8,721 individual grants totaling $5,677,678. 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 |
|---|---|---|---|
J Patrick Gallagher Jr Trustee | 0.4 | $0 | |
Douglas K Howell Trustee | 0.4 | $0 | |
Robert E Gallagher Jr Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,864,903 |
| Capital Gain Net Income | $1,864,903 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,948,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,302 |
| Total operating and administrative expenses | $44,252 |
| Contributions, gifts, grants paid | $1,731,337 |
| Total expenses and disbursements | $1,775,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,447,063 |
| Savings and temporary cash investments | $0 |
| 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 | $404,963 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,430,925 |
| 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, Arthur J Gallagher Foundation has awarded $1,731,337 in support to 2,445 organizations.
| Grant Recipient | Amount |
|---|---|
15-10 FOUNDATION PURPOSE: GENERAL EXEMPT PURPOSE | $300 |
1JUSTCITY INC PURPOSE: GENERAL EXEMPT PURPOSE | $79 |
1901 CHURCH PURPOSE: GENERAL EXEMPT PURPOSE | $900 |
4 PAWS 4 LIFE RESCUE PURPOSE: GENERAL EXEMPT PURPOSE | $100 |
4 13 STRONG INC PURPOSE: GENERAL EXEMPT PURPOSE | $50 |
412 FOOD RESCUE INC PURPOSE: GENERAL EXEMPT PURPOSE | $100 |