Gerald R Ford Foundation
- Assets
- $49.5m
- Revenue
- $6.0m
- Investments
- $11.1m
- Employees
- 8
- Location
- Grand Rapids, MI
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 38-2368003
Organization Overview
Gerald R Ford Foundation is located in Grand Rapids, MI. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Gerald R Ford Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald R Ford 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, Gerald R Ford Foundation generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE GERALD R. FORD PRESIDENTIAL LIBRARY AND MUSEUM FOR EXHIBITS, CONFERENCES, AND EDUCA- TIONAL PROGRAMS TO PROMOTE THE LEGACY AND IDEALS OF GERALD R. FORD.
Describe the Organization's Program Activity:
FOUNDATION SUPPORTED ACTIVITIES INCLUDE SMITHSONIAN QUALITY FEATURE EXHIBITS, NOTED SPEAKERS, AND VARIOUS COMMUNITY ACTIVITIES. FOUNDATION HELD VIRTUAL PROGRAMS IN 2021 AS THEY WERE ALL CANCELLED DUE TO COVID.
FOUNDATION SUPPORT OF THE GERALD R. FORD PRESIDENTIAL LIBRARY AND PRESIDENTIAL MUSEUM IN 2021 INCLUDED THE SISTINE CHAPEL PAYMENTS. IT WAS NOT ACTIVE AT THE TIME THE LIBRARY/MUSEUM WERE CLOSED DUE TO COVID.
THE FOUNDATION SUPPORTS RESEARCH AND EDUCATION THROUGH PROGRAMS INCLUDING ANNUAL JOURNALISM PRIZES, RESEARCH GRANTS AND INTERNSHIPS. JOURNALISM PRIZES RECOGNIZE REPORTORIAL EXCELLENCE AND THE FOSTERING OF BETTER PUBLIC UNDERSTANDING OF THE PRESIDENCY AND NATIONAL DEFENSE. TWO $5,000 PRIZES WERE AWARDED IN 2021. RESEARCH GRANTS SUPPORT RESEARCH IN THE HOLDINGS OF THE FORD PRESIDENTIAL LIBRARY. SEVEN GRANTS TOTALING $10,100 WERE AWARDED IN 2021. MUSEUM INTERNSHIPS OFFER COLLEGE STUDENTS PRACTICAL EXPERIENCE DURING 240 HOURS OF WORK AT THE FORD PRESIDENTIAL MUSEUM AND INCLUDE A $1,000 STIPEND UPON COMPLETION. ZERO INTERNSHIPS WERE GRANTED IN 2021 DUE TO CLOSURE OF THE MUSEUM/LIBRARY DURING THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gleaves Whitney Executive Director | Officer | 50 | $194,999 |
Martin J Allen Jr Chairman Emeritus | OfficerTrustee | 0.5 | $0 |
Terrence O'donnell Secretary | OfficerTrustee | 0.5 | $0 |
Michael G Ford Chairman | OfficerTrustee | 2.3 | $0 |
Hank Meijer Vice Chairman | OfficerTrustee | 0.2 | $0 |
David Hoogendoorn Treasurer | OfficerTrustee | 2.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Archives Foundation Artifact Archiving | 12/30/17 | $259,250 |
Xibitz Inc Exhibit Fabrication | 12/30/17 | $138,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,348,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,348,577 |
| Total Program Service Revenue | $0 |
| Investment income | $464,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,435 |
| Net Gain/Loss on Asset Sales | $2,158,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,988,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,868 |
| Grants and other assistance to domestic individuals. | $22,986 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $210,699 |
| Compensation of current officers, directors, key employees. | $210,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,467 |
| Pension plan accruals and contributions | $24,817 |
| Other employee benefits | $106,551 |
| Payroll taxes | $42,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,284 |
| Fees for services: Other | $119,409 |
| Advertising and promotion | $43,804 |
| Office expenses | $48,361 |
| Information technology | $11,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,938 |
| All other expenses | $57,382 |
| Total functional expenses | $1,250,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $684,371 |
| Pledges and grants receivable | $2,718,981 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,931,922 |
| Investments—other securities | $11,127,153 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,360 |
| Total assets | $49,485,787 |
| Accounts payable and accrued expenses | $2,940 |
| Grants payable | $52,730 |
| Deferred revenue | $112,372 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $168,042 |
| Net assets without donor restrictions | $38,530,286 |
| Net assets with donor restrictions | $10,787,459 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,485,787 |
Grants Awarded
Over the last fiscal year, Gerald R Ford Foundation has awarded $197,924 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE GERALD FORD PRESIDENTIAL MUSEUM PURPOSE: Transfer Statue | $171,832 |
Allendale, MI PURPOSE: PRESIDENTIAL STUDIES | $26,092 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Gerald R Ford Foundation has recieved totaling $439,000.
| Awarding Organization | Amount |
|---|---|
Peter And Joan Secchia Family Inc Grand Rapids, MI PURPOSE: GR FORD SPEAKERS FUND ENDOWMENT | $250,000 |
Peter And Joan Secchia Family Inc Grand Rapids, MI PURPOSE: SECCHIA ALLEN BUSING FUND FOR SCHOOL CHILDREN | $100,000 |
Peter And Joan Secchia Family Inc Grand Rapids, MI PURPOSE: DEVOS LEARNING CENTER | $50,000 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $29,000 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $5,000 |
The David And Carol Van Andel Family Foundation Grand Rapids, MI PURPOSE: ARTS & CULTURE | $2,500 |
Endowment Analysis
| Beg. Balance | $7,429,346 |
| Earnings | $772,869 |
| Net Contributions | $2,745,170 |
| Other Expense | $159,926 |
| Ending Balance | $10,787,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |