Grayce B Kerr Fund
- Assets
- $0.0
- Revenue
- $4.6m
- Investments
- $32.8m
- Employees
- 0
- Location
- Easton, MD
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 73-1256124
Organization Overview
Grayce B Kerr Fund is located in Easton, MD. The organization was established in 1993. 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. Grayce B Kerr Fund 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, Grayce B Kerr Fund generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Grayce B Kerr Fund has awarded 133 individual grants totaling $5,675,489. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS AND CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Valliant President & CEO | 40 | $218,858 | |
Marcy Kerr Yuknat Chair | 1 | $0 | |
David A Yuknat Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $763,034 |
| Total Revenue | $4,569,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,484 |
| Pension plans, employee benefits | $90,484 |
| Depreciation | $42,864 |
| Occupancy | $20,471 |
| Travel, conferences, and meetings | $1,246 |
| Printing and publications | $322 |
| Total operating and administrative expenses | $688,552 |
| Contributions, gifts, grants paid | $1,191,407 |
| Total expenses and disbursements | $1,879,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Investments—mortgage loans | $0 |
| Investments—other | $32,839,097 |
| Other assets | $751 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,301 |
Grants Awarded
Over the last fiscal year, Grayce B Kerr Fund has awarded $2,143,882 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
TALBOT COUNTY FREE LIBRARY PURPOSE: MATCHING GIFT | $100 |
ST MICHAELS FIRE DEPARTMENT PURPOSE: MATCHING GIFT | $100 |
MID-SHORE COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $36,900 |
WOMEN & GIRLS FUND OF THE MID-SHORE PURPOSE: MATCHING GIFT | $200 |
ST MICHAELS COMMUNITY CENTER PURPOSE: MATCHING GIFT | $100 |
CLAIBORNE VILLAGE ASSOCIATION PURPOSE: MATCHING GIFT | $100 |