Grainger Foundation Inc
- Assets
- $173.2m
- Revenue
- $10.6m
- Investments
- $165.1m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 04/1968
- Data as of
- 12/2020
- EIN
- 36-6192971
Grainger Foundation Inc Overview
Grainger Foundation Inc is located in Lake Forest, IL. The organization was established in 1968. 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.
For the year ending 12/2020, Grainger Foundation Inc generated $10.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.9%) each year. All expenses for the organization totaled $84.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Grainger Foundation Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G J Sinclair Senior Vice President & Secretary | 30 | $266,511 | |
J S Chapman President & Director | 15 | $200,000 | |
Julia Wold Vice President | 6 | $69,050 | |
C J Bellmore Treasurer | 6 | $50,000 | |
D L Kendall Vice President And Director | 5 | $50,000 | |
W B Hayden Vice President | 4 | $40,000 |
Grainger Foundation Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of America | 12/30/20 | $501,189 |
William Blair | 12/30/20 | $83,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,106,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,478,403 |
| Capital Gain Net Income | $5,478,403 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41 |
| Total Revenue | $10,585,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $675,561 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $64,753 |
| Interest | $0 |
| Taxes | $150,970 |
| Depreciation | $0 |
| Occupancy | $81,310 |
| Travel, conferences, and meetings | $1,302 |
| Printing and publications | $294 |
| Other expenses | $69,687 |
| Total operating and administrative expenses | $1,665,015 |
| Contributions, gifts, grants paid | $82,906,923 |
| Total expenses and disbursements | $84,571,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,523 |
| Savings and temporary cash investments | $7,472,082 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $561,565 |
| Total assets | $173,157,729 |
| 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 |
Grainger Foundation Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lilly Endowment Inc Indianapolis, IN | $21,002,095,929 | $929,189,401 |
John D & Catherine T Macarthur Foundation Chicago, IL | $7,208,352,632 | $595,397,688 |
Abbvie Patient Assistance Foundation North Chicago, IL | $3,302,188 | $138,953,625 |
Lumina Foundation For Education Inc Indianapolis, IN | $1,274,092,392 | $124,890,321 |
Grainger Foundation Inc Lake Forest, IL | $173,157,729 | $10,585,156 |
Fulk Family Foundation Inc Chicago, IL | $0 | $12,792,339 |
Enterprise Holdings Foundation Clayton, MO | $382,656,366 | $81,414,813 |
Hall Family Foundation Kansas City, MO | $881,677,518 | $43,313,571 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Allstate Foundation Northbrook, IL | $133,045,947 | $53,226,668 |
Pritzker Foundation Chicago, IL | $403,405,415 | $26,713,176 |
Innovative Services Inc Green Bay, WI | $6,449,629 | $33,122,222 |
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