Gambrell Foundation
- Assets
- $156.2m
- Revenue
- -$23.9m
- Investments
- $149.7m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 56-2120679
Organization Overview
Gambrell Foundation is located in Charlotte, NC. The organization was established in 1999. 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. Gambrell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Gambrell Foundation has awarded 98 individual grants totaling $25,695,985. 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 |
|---|---|---|---|
Sally Belk Gambrell Director - CEO | 20 | $114,423 | |
Hannah Rankin Program Director | 20 | $119,440 | |
Brian E Bridgford Director - VP | 20 | $114,423 | |
Brian Collier President | 40 | $45,319 | |
Jack Mcwilliams Farm Operations | 40 | $94,728 | |
Laura A Shepard Director Of Communic | 30 | $87,773 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Belk Gambrell Enterprises Llc | 12/30/22 | $1,056,556 |
Wellington Management Co Llp | 12/30/22 | $265,897 |
Foundation For The Carolinas | 12/30/22 | $78,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $805 |
| Dividends & Interest | $1,653,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,161,421 |
| Capital Gain Net Income | $923,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,375,357 |
| Total Revenue | -$23,882,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $393,605 |
| Other employee salaries and wages | $501,092 |
| Pension plans, employee benefits | $35,471 |
| Interest | $0 |
| Taxes | $630,886 |
| Depreciation | $21,775 |
| Occupancy | $3,763 |
| Travel, conferences, and meetings | $97,947 |
| Printing and publications | $337 |
| Other expenses | $806,856 |
| Total operating and administrative expenses | $4,271,284 |
| Contributions, gifts, grants paid | $8,991,323 |
| Total expenses and disbursements | $13,262,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,761 |
| Savings and temporary cash investments | $6,119,059 |
| 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 | $149,663,447 |
| Net Land, buildings, and equipment | $352,763 |
| Other assets | $15,536 |
| Total assets | $156,174,566 |
| 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 | $2,379 |
| Total liabilities | $2,379 |
Grants Awarded
Over the last fiscal year, Gambrell Foundation has awarded $8,991,323 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ATRIUM HEALTH FOUNDATION PURPOSE: GENERAL PURPOSE | $102,000 |
CAMP BLUE SKIES FOUNDATION PURPOSE: GENERAL PURPOSE | $200,000 |
CENTER FOR COMMUNITY TRANSITIONS PURPOSE: GENERAL PURPOSE | $75,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL PURPOSE | $75,000 |
CHARLOTTE BALLET PURPOSE: GENERAL PURPOSE | $5,000 |
CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION INC PURPOSE: GENERAL PURPOSE | $425,000 |