Minerd Foundation
- Assets
- $39.9m
- Revenue
- $5.4m
- Investments
- $38.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 46-1615023
Organization Overview
Minerd Foundation is located in Chicago, IL. The organization was established in 2015. 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. Minerd 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, Minerd Foundation generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Minerd Foundation has awarded 34 individual grants totaling $7,761,883. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Scott Minerd President | 1 | $0 | |
Robert Fedoris Secretary | 3 | $0 | |
Gwynn Andrus Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,650,000 |
| Interest on Savings | $12 |
| Dividends & Interest | $754,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,404,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,906 |
| Total operating and administrative expenses | $16,956 |
| Contributions, gifts, grants paid | $2,812,000 |
| Total expenses and disbursements | $2,828,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,587 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,065,000 |
| Total assets | $39,907,962 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,750,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,750,000 |
Grants Awarded
Over the last fiscal year, Minerd Foundation has awarded $2,812,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CEDARS-SINAI MEDICAL CENTER PURPOSE: TO REDUCE HEALTH DISPARITIES BY IMPROVING ACCESS TO CARE, THE QUALITY OF THAT CARE AND THE PROMOTION OF THE OVERALL HEALTH AND WELLBEING OF THE MOST VULNERABLE MEMBERS OF THE COMMUNITY THROUGH A SERIES OF PROGRAMS AND INITIATIVES | $2,000 |
THE MILKEN INSTITUTE PURPOSE: TO FOCUS ON FINANCIAL, PHYSICAL, MENTAL AND ENVIRONMENTAL HEALTH, TO BRING TOGETHER THE BEST IDEA AND INNOVATIVE RESOURCING TO DEVELOP BLUEPRINTS FOR TACKLING SOME OF OUR MOST CRITICAL GLOBAL ISSUES | $2,200,000 |
CENTRAL FUND OF ISRAEL PURPOSE: PROMOTING CHARITABLE ACTIVIES IN ISRAEL; AID TO OVER 450 NON PROFIT CHARITABLE ENTITIES IN ISRAEL | $35,000 |
GOODPROJECTS PURPOSE: TO ELIMINATE THE ROADBLOCKS TO BASIC NEEDS SO FAMILIES CAN DEFINE SUCCESS FOR THEMSELVES ON THEIR PATHWAY TO ACHIEVING THE AMERICAN DREAM. | $100,000 |
MUSTARD SEED SCHOOL CHRISTIAN URBAN EDUCATION INC PURPOSE: TEACHING EACH CHILD TO KNOW AND CARE FOR THEIR COMMUNITY AND WORLD. TO INSPIRE MINDS, CULTIVATE HEARTS, AND REMOVE BARRIERS | $100,000 |
ROBERT F KENNEDY HUMAN RIGHTS PURPOSE: TO CREATE CHANGE BY PARTNERING WITH THE WOMEN AND MEN ON THE FRONT LINES OF STRUGGLE FOR HUMAN RIGHTS AND SOCIAL JUSTICE, FROM THE COURTROOM, TO THE CLASSROOM, TO THE BOARDROOM | $100,000 |