Patterson Family Foundation
- Assets
- $1.2b
- Revenue
- $14.3m
- Investments
- $1.2b
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2022
- EIN
- 37-6714807
Organization Overview
Patterson Family Foundation is located in Kansas City, MO. 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. Patterson Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Patterson Family Foundation has awarded 82 individual grants totaling $46,422,537. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Patterson Smith President | 32 | $50,000 | |
Clay Patterson Director | 2 | $0 | |
Cortney Patterson Barton Secretary | 2 | $0 | |
William Patterson Director | 2 | $0 | |
Maureen Evans Treasurer | 1 | $0 | |
Andrea Kimball Legal Counsel | 10 | $98,468 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpmorgan Chase Bank | 12/30/22 | $556,378 |
Pandi Capital Llc | 12/30/22 | $473,984 |
Husch Blackwell Llp | 12/30/22 | $52,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,991,754 |
| Net Rental Income | $17,205 |
| Net Gain on Sale of Assets | -$3,866,411 |
| Capital Gain Net Income | $316,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,190,074 |
| Total Revenue | $14,332,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $364,258 |
| Pension plans, employee benefits | $98,865 |
| Interest | $0 |
| Taxes | $1,078,845 |
| Depreciation | $22,735 |
| Occupancy | $87,141 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,679 |
| Total operating and administrative expenses | $5,867,008 |
| Contributions, gifts, grants paid | $31,888,384 |
| Total expenses and disbursements | $37,755,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,551 |
| 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 | $2,810,807 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,240,922,190 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,680 |
| Total assets | $1,246,549,158 |
| 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, Patterson Family Foundation has awarded $46,422,537 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ROYAL ASSOCIATION PURPOSE: 2022 JUNIOR PREMIUM LIVESTOCK AUCTION | $342,476 |
AMERICAN ROYAL ASSOCIATION PURPOSE: BUILDING CAMPAIGN - 2022 | $2,500,000 |
AGRICULTURE FUTURE OF AMERICA PURPOSE: EDUCATION / EVENT SPONSORSHIP | $27,500 |
CENTRAL KANSAS COMMUNITY FOUNDATION PURPOSE: NEWTON PUBLIC LIBRARY - EDUCATION / CAPITAL GRANT | $300,000 |
CERNER CHARITABLE FOUNDATION PURPOSE: ST. SABINA | $461,028 |
AMERICAN PUBLIC SQUARE PURPOSE: HOME COMMUNITY / PROGRAM GRANT | $100,000 |