Aegon Transamerica Foundation
- Assets
- $190.2m
- Revenue
- $26.3m
- Investments
- $187.9m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 42-1415998
Organization Overview
Aegon Transamerica Foundation is located in Cedar Rapids, IA. The organization was established in 1994. 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. Aegon Transamerica 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, Aegon Transamerica Foundation generated $26.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $11.2m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 4 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.
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 |
|---|---|---|---|
Eric J Martin Director | 5 | $0 | |
Tiffany Baker Vice Preside | 5 | $0 | |
Kevin Strobel Chief Invest | 5 | $0 | |
Philip S Eckman Director | 5 | $0 | |
Karyn Sw Polak Sr Vice Pres | 5 | $0 | |
James Rich Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $934,665 |
| Dividends & Interest | $9,207,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,619,475 |
| Capital Gain Net Income | $13,619,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68,523 |
| Total Revenue | $26,330,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $36,963 |
| Taxes | $90,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $214,086 |
| Total operating and administrative expenses | $908,057 |
| Contributions, gifts, grants paid | $10,277,845 |
| Total expenses and disbursements | $11,185,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,645,907 |
| Savings and temporary cash investments | $497,375 |
| 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 | $31,748,737 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $198,574 |
| Total assets | $190,245,485 |
| Accounts payable and accrued expenses | $206,193 |
| Grants payable | $450,001 |
| 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 | $656,194 |
Grants Awarded
Over the last fiscal year, Aegon Transamerica Foundation has awarded $10,701,295 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GENERAL DONATIONS PURPOSE: SEE ATTACHED | $10,578,695 |
MATCHING DONATIONS PURPOSE: SEE ATTACHED | $122,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |