Gat Family Foundation
- Assets
- $11.4m
- Revenue
- $546.5k
- Investments
- $11.2m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 56-2490647
Organization Overview
Gat Family Foundation is located in La Jolla, CA. The organization was established in 2005. 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. Gat Family 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 12/2022, Gat Family Foundation generated $546.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $560.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gat Family Foundation has awarded 309 individual grants totaling $3,250,255. 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 |
|---|---|---|---|
Gillian M Thornley Director And President | 1 | $0 | |
Anthony S Thornley Director, Secretary & CFO | 1 | $0 | |
Claire M Thornley Smith Director | 1 | $0 | |
Christian A Thornley Director | 1 | $0 | |
Alexander N Thornley Director | 1 | $0 | |
Warren T Thornley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $637,787 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$104,051 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,740 |
| Total Revenue | $546,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,336 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,114 |
| Printing and publications | $0 |
| Other expenses | $53,727 |
| Total operating and administrative expenses | $75,977 |
| Contributions, gifts, grants paid | $484,614 |
| Total expenses and disbursements | $560,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $243,674 |
| 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 | $11,193,411 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,437,085 |
| 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, Gat Family Foundation has awarded $484,614 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CARRILLO ELEMENTARY PTO PURPOSE: GENERAL | $650 |
CHARLEY HOFFMAN FOUNDATION PURPOSE: GENERAL | $52,550 |
DOCTORS WITHOUT BORDERS USA PURPOSE: GENERAL | $3,000 |
WILLIAM A HOUGH SENIOR HIGH SCHOOL ATHLETIC BOOSTER CLUB PURPOSE: GENERAL | $515 |
KQED PURPOSE: GENERAL | $3,000 |
LION HABITAT RANCH INC PURPOSE: GENERAL | $200 |