Ghr Foundation
- Assets
- $0.0
- Revenue
- $118.8m
- Investments
- $742.3m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2013
- Data as of
- 12/2020
- EIN
- 45-3996122
Organization Overview
Ghr Foundation is located in Minneapolis, MN. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ghr 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 12/2020, Ghr Foundation generated $118.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $43.5m during the year ending 12/2020. While expenses have increased by 21.3% per year over the past 3 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 2019, Ghr Foundation has awarded 745 individual grants totaling $157,646,957. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING WITH OUR PARTNERS TO DEVELOP A DIGITAL PLATFORM TO SUPPORT A SET OF ONLINE CONVERSATIONS AND TESTIMONIES FROM YOUNG BLACK CATHOLICS REFLECTING ON THEIR EXPERIENCES AT THE INTERSECTION OF FAITH AND RACE. THIS PUBLICLY ACCESSIBLE PLATFORM WILL BE UTILIZED WITH THE ARCHBISHOP AND THE ARCHDIOCESE OF ST PAUL AND MINNEAPOLIS AS THEY CONTINUE TO ADVANCE THEIR PRIORITY ON CATHOLIC SOCIAL TEACHING AND RACIAL JUSTICE.
JUNETEENTH CELEBRATION TO BRING PEOPLE TOGETHER FOR A DAY OF BREATHING, HEALING AND GETTING STRONGER TOGETHER. THE COMMUNAL EXPERIENCE AIMED TO UNITE MINDS, BODIES AND SOULS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Matz Chief Investment Off | 40 | $598,128 | |
Bryan Bencomo Director, Investment | 40 | $383,116 | |
Suzanne Flannigan Chief Financial Officer & Treasurer | 40 | $325,911 | |
Fred Miller Vice President | 40 | $306,489 | |
Amy R Goldman President & Director | 40 | $267,991 | |
Kathryn Seng Secretary | 40 | $247,589 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Tax Llp | 12/30/21 | $83,387 |
Peter C Bisanz | 12/30/21 | $190,000 |
Bloomberg Finance Lp | 12/30/21 | $81,436 |
Racially Conscious Collaboration | 12/30/21 | $129,225 |
Atomic Data Llc | 12/30/21 | $155,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,267,777 |
| Interest on Savings | $5,895,378 |
| Dividends & Interest | $2,198,789 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,684,875 |
| Total Revenue | $118,752,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,399,233 |
| Pension plans, employee benefits | $479,422 |
| Depreciation | $324,973 |
| Occupancy | $486,197 |
| Travel, conferences, and meetings | $118,182 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $13,457,529 |
| Contributions, gifts, grants paid | $30,060,073 |
| Total expenses and disbursements | $43,517,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Investments—mortgage loans | $0 |
| Investments—other | $742,344,773 |
| Other assets | $18,000,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,731,796 |
Grants Awarded
Over the last fiscal year, Ghr Foundation has awarded $60,191,693 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: DIAN PRIMARY PREVENTIONA LAUNCH | $7,000,000 |
MAYO CLINIC ROCHESTER PURPOSE: MCSA DIVERSITY | $4,500,000 |
THE FOUNDATION FOR BARNES-JEWISH HOSPITAL PURPOSE: SILQ CENTER | $3,200,000 |
ST CATHERINE UNIVERSITY PURPOSE: CAMPAIGN FOR ACADEMIC EXCELLENCE | $2,000,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: AHEAD 3-45 | $1,700,000 |
La Jolla, CA PURPOSE: RESEARCH SUPPORT TO THE SAPHIRE LAB | $1,296,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |