Greater Milwaukee Foundation Inc

Organization Overview

Greater Milwaukee Foundation Inc is located in Milwaukee, WI. The organization was established in 1942. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Milwaukee Foundation Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Milwaukee Foundation Inc 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, Greater Milwaukee Foundation Inc generated $151.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $72.6m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 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 2020, Greater Milwaukee Foundation Inc has awarded 2,164 individual grants totaling $173,978,372. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INSPIRING PHILANTHROPY, SERVING DONORS, STRENGTHENING COMMUNITIES, NOW AND FOR FUTURE GENERATIONS.

Describe the Organization's Program Activity:

INSPIRING PHILANTHROPY, SERVING DONORS, STRENGHTHENING COMMUNITIES, NOW AND FOR FUTURE GENERATIONS.FOR OVER 100 YEARS. THE GREATER MILWAUKEE FOUNDATION HAS HELPED INDIVIDUALS AND FAMILIES COMMITTED TO PHILANTHROPY LEAVE A LEGACY, AND BUILD A STRONGER AND MORE VIBRANT COMMUNITY- NOW AND FOR FUTURE GENERATIONS. THANKS TO THE GENEROUS, ONGOING INVESTMENTS OUR DONORSMAKE, WE AS A COMMUNITY FOUNDATION ARE ABLE TO STRONGLY INFLUENCE AND IMPACT OUR REGION THROUGH OUR DISCRETIONARY GRANTMAKING.


INSPIRING PHILANTHROPY, SERVING DONORS, STRENGHTHENING COMMUNITIES, NOW AND FOR FUTURE GENERATIONS.FOR OVER 100 YEARS. THE GREATER MILWAUKEE FOUNDATION HAS HELPED INDIVIDUALS AND FAMILIES COMMITTED TO PHILANTHROPY LEAVE A LEGACY, AND BUILD A STRONGER AND MORE VIBRANT COMMUNITY- NOW AND FOR FUTURE GENERATIONS. THANKS TO THE GENEROUS, ONGOING INVESTMENTS OUR DONORSMAKE, WE AS A COMMUNITY FOUNDATION ARE ABLE TO STRONGLY INFLUENCE AND IMPACT OUR REGION THROUGH OUR DISCRETIONARY GRANTMAKING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
New Venture Fund
Grantmaking
$531,302
Colonial Consulting
Invst Consulting
$454,747
Teig Waley-smith
Project Management
$224,571
Bdo Fma Llc
Software Consulting
$178,494
New Venture Fund
Grantmaking
$531,302
Colonial Consulting
Invst Consulting
$454,747
View All Vendors

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$52,263,334
Noncash contributions included in lines 1a–1f $15,346,001
Total Revenue from Contributions, Gifts, Grants & Similar$52,263,334
Total Program Service Revenue$0
Investment income $20,592,538
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $78,304,852
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $151,763,598

Grants Awarded

Over the last fiscal year, Greater Milwaukee Foundation Inc has awarded $116,945,458 in support to 1,424 organizations.

Grant RecipientAmount

DR JAMES CAMERON LEGACY FOUNDATION

Org PageRecipient Profile

Wauwatosa, WI

PURPOSE: THE PURCHASE OF NEW PROPERTIES AND REQUISITE RENOVATIONS AS WELL OPERATIONAL NEEDS ASSOCIATED WITH ITS REOPENING AND EXPANSION

$5,276,351

DR JAMES CAMERON LEGACY FOUNDATION

Org PageRecipient Profile

Wauwatosa, WI

PURPOSE: THE PURCHASE OF NEW PROPERTIES AND REQUISITE RENOVATIONS AS WELL OPERATIONAL NEEDS ASSOCIATED WITH ITS REOPENING AND EXPANSION

$5,276,351

MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: A SPECIAL DISTRIBUTION FOR SUSTAINING SUPPORT

$3,943,920

MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: A SPECIAL DISTRIBUTION FOR SUSTAINING SUPPORT

$3,943,920

ST ANN CENTER FOR INTERGENERATIONAL CARE INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: DEBT ELIMINATION MATCHING GRANT

$1,540,832

ST ANN CENTER FOR INTERGENERATIONAL CARE INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: DEBT ELIMINATION MATCHING GRANT

$1,540,832
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Greater Milwaukee Foundation Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Gebhardt Foundation Inc

Milwaukee, WI

PURPOSE: GENERAL SUPPORT

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$945,393,714
Earnings$127,331,649
Admin Expense$7,864,960
Net Contributions$52,183,314
Other Expense$2,828,193
Grants$59,733,519
Ending Balance$1,054,482,005

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