Sue Ling Gin Foundation Tr
- Assets
- $81.3m
- Revenue
- $5.2m
- Investments
- $79.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2015
- Data as of
- 06/2024
- EIN
- 47-6858270
Organization Overview
Sue Ling Gin Foundation Tr 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. Sue Ling Gin Foundation Tr 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 06/2024, Sue Ling Gin Foundation Tr generated $5.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $9.0m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sue Ling Gin Foundation Tr has awarded 31 individual grants totaling $21,188,153. 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 |
|---|---|---|---|
David Cotton Trustee | 2 | $0 | |
Robert Hamada Trustee | 2 | $45,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $263,504 |
| Interest on Savings | $8,577 |
| Dividends & Interest | $2,958,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,975,374 |
| Capital Gain Net Income | $1,975,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,870 |
| Total Revenue | $5,216,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99,790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,143 |
| Printing and publications | $0 |
| Other expenses | $605 |
| Total operating and administrative expenses | $418,838 |
| Contributions, gifts, grants paid | $8,593,050 |
| Total expenses and disbursements | $9,011,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,904 |
| Savings and temporary cash investments | $1,582,139 |
| 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 | $73,675,081 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $81,345,333 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sue Ling Gin Foundation Tr has awarded $8,593,050 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO COMMUNITY FOUNDATION PURPOSE: CHARITABLE DISBURSEMENTS - GENERAL OPERATIONS | $90,000 |
THE FIELD MUSEUM PURPOSE: GENERAL OPERATIONS | $5,000,000 |
INTERNATIONAL FLIGHT SERVICES ASSOCIATION FOUNDATION PURPOSE: SCHOLARSHIPS | $45,000 |
AUTOMOTIVE MENTORING GROUP PURPOSE: GENERAL OPERATIONS | $150,000 |
TEA THE ENTREPRENEUR ACADEMY PURPOSE: GENERAL OPERATIONS | $1,000 |
COMMERCIAL CLUB FOUNDATION PURPOSE: THE CHICAGO POLICE LEADERSHIP ACADEMY | $3,035,050 |