Grainger Foundation Inc

The information for Grainger Foundation Inc is as of the organization's most recent filing in December 2020. This organization is located in Lake Forest, IL. It has been in existence for 52 years, following its founding in 1968.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Grainger Foundation Inc's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bank Of America
William Blair
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $5,485,765
Net Rental Income$0
Net Gain on Sale of Assets $11,530,242
Capital Gain Net Income $11,530,242
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $17,016,007

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