George Kaiser Family Foundation
- Assets
- $4.2b
- Revenue
- $147.5m
- Investments
- $3.4b
- Employees
- 319
- Location
- Tulsa, OK
- Founding
- 02/2000
- Data as of
- 12/2020
- EIN
- 73-1574370
Organization Overview
George Kaiser Family Foundation is located in Tulsa, OK. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, George Kaiser Family Foundation employed 319 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Kaiser 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.
Since 2020, George Kaiser Family Foundation has awarded 759 individual grants totaling $200,153,512. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
GEORGE KAISER FAMILY FOUNDATION (GKFF) IS A CHARITABLE ORGANIZATION BASED IN TULSA, OKLAHOMA. THE FOUNDATION IS A TYPE I SUPPORTING ORGANIZATION OF THE TULSA COMMUNITY FOUNDATION AS DESCRIBED IN IRC SECTION 509(A)(3). THE FOUNDATION IS DEDICATED TO BREAKING THE CYCLE OF POVERTY THROUGH INVESTMENTS IN EARLY CHILDHOOD EDUCATION, COMMUNITY HEALTH, SOCIAL SERVICES AND CIVIC ENHANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIRECT SUPPORT OF TULSA COMMUNITY FOUNDATION, THROUGH DIRECT SUPPORT OF CHARITABLE ORGANIZATIONS THAT ENGAGE IN CHARITABLE ACTIVITIES WHICH ARE CONSISTENT WITH THE CHARITABLE PURPOSES OF TULSA COMMUNITY FOUNDATION, AS WELL AS GOVERNMENT SPONSORED LIFE ENHANCEMENT PROJECTS. INCLUDES SOCIAL SERVICES SUPPORT AND COMMUNITY HEALTH INITIATIVES.
TULSA COMMUNITY FOUNDATION - DIRECT SUPPORT OF TULSA COMMUNITY FOUNDATION, THE SUPPORTED ORGANIZATION, AND OTHER DIRECTLY RELATED ENTITIES.
URBAN GROWTH AND RENEWAL PROGRAMS DIRECTLY BENEFITING THE CITIZENS OF TULSA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Thomas Chief Inv. Off. | Officer | 40 | $812,250 |
Ken Levit Exec. Director | OfficerTrustee | 40 | $646,000 |
William J Stava III Sr Program Officer | 35 | $433,750 | |
Amy Santee Sr Program Officer | 40 | $377,455 | |
Annie Van Hanken Sr Program Officer | 40 | $360,858 | |
Tyson Banbury Investment Officer | 40 | $322,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Praesidium Investment Management Co Ll Investment Management | 12/30/21 | $3,818,480 |
Ce Negrych & Company Llc Investment Management | 12/30/21 | $1,700,000 |
Atento Capital Llc Investment Management | 12/30/21 | $16,987,033 |
Fred Dorwart Lawyers Legal Services | 12/30/21 | $1,821,895 |
Kinney Asset Management Investment Management | 12/30/21 | $1,411,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,192,630 |
| Investment income | $68,416,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,393 |
| Net Rental Income | -$1,528,058 |
| Net Gain/Loss on Asset Sales | $51,089,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,545,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,192,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,421,868 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,704,937 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $299,525 |
| Fees for services: Accounting | $123,847 |
| Fees for services: Lobbying | $257,721 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,654,725 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,436 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $197,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $505 |
| Interest | $8,368,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,771 |
| All other expenses | $0 |
| Total functional expenses | $181,461,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $260,015,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,542,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $342,732,988 |
| Investments—other securities | $3,370,957,805 |
| Investments—program-related | $60,097,204 |
| Intangible assets | $0 |
| Other assets | $575,092 |
| Total assets | $4,216,369,136 |
| Accounts payable and accrued expenses | $21,147,300 |
| Grants payable | $162,268,427 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $31,040,250 |
| Secured mortgages and notes payable | $101,218,013 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,034,719 |
| Total liabilities | $380,708,709 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,685,274,082 |
| Total liabilities and net assets/fund balances | $3,835,660,427 |
Grants Awarded
Over the last fiscal year, George Kaiser Family Foundation has awarded $120,534,045 in support to 339 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: Oklahoma Early Childhood Program Year 16 | $17,042,182 |
Tulsa, OK PURPOSE: Choice Neighborhood Application: Comanche Park | $15,000,000 |
Tulsa, OK PURPOSE: Expansion Cyber Security Inst. | $10,000,000 |
Stillwater, OK PURPOSE: Center for Advanced Aerial Mobility | $5,000,000 |
Tulsa, OK PURPOSE: Oklahoma Justice Fund | $5,000,000 |
Tulsa, OK PURPOSE: North Tulsa Initiative | $5,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that George Kaiser Family Foundation has recieved totaling $8,420,867.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $8,400,867 |
Aarp Washington, DC PURPOSE: Sponsorship of gatheringplace.org mobile phone app project | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Horizons Kansas City, MO | $1,654,842,327 | $502,654,342 |
George Kaiser Family Foundation Tulsa, OK | $4,216,369,136 | $147,545,498 |
Methodist Primary Care Group Houston, TX | $35,094,731 | $116,337,337 |
Impact Investing Charitable Trust Lenexa, KS | $213,669,693 | $138,067,864 |
Signatry Charitable Trust Overland Park, KS | $81,194,986 | $73,628,321 |
Kirkpatrick Family Affiliated Fund Ok City Community Foundation Inc Oklahoma City, OK | $324,040,869 | $11,766,230 |
John L Santikos Charitable Foundation San Antonio, TX | $496,690,264 | -$37,218,989 |
Bokf Foundation Tulsa, OK | $18,840,585 | $10,529,453 |
Barbara Bush Houston Literacy Foundation Houston, TX | $10,679,389 | $4,314,808 |
Mdc Richmond American Homes Foundation Denver, CO | $62,577,099 | $11,290,556 |
Goodwill Of Colorado Colorado Springs, CO | $19,789,763 | $4,278,008 |
San Jacinto Community College Foundation Pasadena Texas Pasadena, TX | $44,430,086 | $3,138,772 |