George Family Foundation
- Assets
- $47.9m
- Revenue
- $9.8m
- Investments
- $42.7m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 41-1730855
Organization Overview
George Family Foundation is located in Minneapolis, MN. The organization was established in 1993. 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. George 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.
For the year ending 12/2021, George Family Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, George Family Foundation has awarded 424 individual grants totaling $14,713,350. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle M Ober President | 40 | $222,494 | |
Sean Malone President | 40 | $106,402 | |
Stephen Manuszak Program Officer | 40 | $95,517 | |
Robin M Barker Grants And Administr | 40 | $86,418 | |
Jeffrey P George Treasurer | 5 | $0 | |
Ann P George Co-Chair | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sarah Lutman Lutman & Associates | 12/30/21 | $65,000 |
Subtle Energy Group Llp | 12/30/21 | $60,000 |
Goldman Sachs & Co | 12/30/21 | $201,066 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,536,976 |
| Interest on Savings | $266,698 |
| Dividends & Interest | $701,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,342,700 |
| Capital Gain Net Income | $1,361,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $464 |
| Total Revenue | $9,847,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $328,896 |
| Other employee salaries and wages | $176,399 |
| Pension plans, employee benefits | $49,198 |
| Interest | $0 |
| Taxes | $67,274 |
| Depreciation | $1,292 |
| Occupancy | $30,677 |
| Travel, conferences, and meetings | $15,908 |
| Printing and publications | $0 |
| Other expenses | $108,279 |
| Total operating and administrative expenses | $1,232,714 |
| Contributions, gifts, grants paid | $3,994,075 |
| Total expenses and disbursements | $5,226,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,211,778 |
| 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 | $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 | $15,827,518 |
| Net Land, buildings, and equipment | $5,353 |
| Other assets | $0 |
| Total assets | $47,900,942 |
| 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 | $573,780 |
| Total liabilities | $573,780 |
Grants Awarded
Over the last fiscal year, George Family Foundation has awarded $7,785,542 in support to 212 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF THE NORTH PURPOSE: GEORGE WELLBEING CENTER | $1,000,000 |
Rochester, MN PURPOSE: MAYO CENTER FOR WOMEN'S HEALTHY CENTER | $525,000 |
Rochester, MN PURPOSE: MAYO CENTER FOR WOMEN'S HEALTHY CENTER | $500,000 |
YMCA OF THE NORTH PURPOSE: GEORGE WELLBEING CENTER | $400,000 |
UNIVERSITY OF ST THOMAS PURPOSE: GEORGE FAMILY WHOLE-PERSON HEALTH INITIATIVE | $166,667 |
Cambridge, MA PURPOSE: GEORGE LEADERSHIP FELLOWSHIP FUND | $155,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that George Family Foundation has recieved totaling $42,000.
| Awarding Organization | Amount |
|---|---|
Institute For Mental Health & Wellness Renton, WA PURPOSE: SPONSORSHIP FOR PARTHENON-EY SPIRITUALTY & HEALTH FIELD LANDSCAPING PROJECT | $21,000 |
The 1440 Foundation Saratoga, CA PURPOSE: MAPPING PROJECT ON THE INTERSION OF SPIRITUALITY AND HEALTH | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |