Gambrell Foundation
- Assets
- $0.0
- Revenue
- $18.9m
- Investments
- $143.8m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/1999
- Data as of
- 12/2020
- 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.
For the year ending 12/2020, Gambrell Foundation generated $18.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (47.0%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gambrell Foundation has awarded 59 individual grants totaling $16,704,662. 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 |
|---|---|---|---|
Hannah Rankin Executive Director | 20 | $110,000 | |
Brian Bridgford Director | 20 | $100,000 | |
Sally Belk Gambrell Director - President | 20 | $100,000 | |
Laura A Shepard Director Of Communic | 30 | $91,886 | |
Carter Bolln Farm Operations | 40 | $85,450 | |
John Licare Farm Operations | 40 | $63,880 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellington Management Co Llp | 12/30/21 | $517,220 |
Foundation For The Carolinas | 12/30/21 | $253,917 |
Strait Insights Llc | 12/30/21 | $51,000 |
Belk Gambrell Enterprises Llc | 12/30/21 | $1,115,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $141,000 |
| Interest on Savings | $5,067 |
| Dividends & Interest | $1,598,979 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,139,144 |
| Total Revenue | $18,901,501 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,481 |
| Pension plans, employee benefits | $6,224 |
| Depreciation | $3,741 |
| Occupancy | $11,906 |
| Travel, conferences, and meetings | $57,250 |
| Printing and publications | $469 |
| Total operating and administrative expenses | $3,051,044 |
| Contributions, gifts, grants paid | $6,350,954 |
| Total expenses and disbursements | $9,401,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,134 |
| Investments—mortgage loans | $0 |
| Investments—other | $143,840,423 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,925 |
Grants Awarded
Over the last fiscal year, Gambrell Foundation has awarded $10,353,708 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CALDWELL PRESBYTERIAN CHURCH PURPOSE: GENERAL PURPOSE | $4,135,052 |
QUEENS UNIVERSITY PURPOSE: GENERAL PURPOSE | $2,000,000 |
Charlotte, NC PURPOSE: GENERAL PURPOSE | $1,000,000 |
Charlotte, NC PURPOSE: GENERAL PURPOSE | $500,000 |
CHARLOTTE CENTER FOR LEGAL ADVOCACY PURPOSE: GENERAL PURPOSE | $500,000 |
Charlotte, NC PURPOSE: GENERAL PURPOSE | $425,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |