Gilbert Family Foundation
- Assets
- $1.8k
- Revenue
- $851.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 81-0810541
Organization Overview
Gilbert Family Foundation is located in Detroit, MI. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gilbert 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 12/2023, Gilbert Family Foundation generated $851.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (72.0%) each year. All expenses for the organization totaled $189.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gilbert Family Foundation has awarded 322 individual grants totaling $98,954,203. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GILBERT VISION RESTORATION INITIATIVE - PRIMARILY PROGRAM PLANNING AND IMPLEMENTATION
GILBERT GENE THERAPY INITITATIVE - PRIMARILY PROGRAM PLANNING AND IMPLEMENTATION
GILBERT NF RESEARCH ALLIANCE - PRIMARILY PROGRAM PLANNING AND IMPLEMENTATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel B Gilbert Trustee | 1 | $0 | |
Jennifer Gilbert Trustee | 1 | $0 | |
Matthew Rizik Treasurer | 1 | $0 | |
Laura Grannemann Executive Director | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold Porter Kaye Scholer | 12/30/21 | $256,511 |
Ubs Financial Services Inc | 12/30/21 | $215,939 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $168,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $189,317 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $189,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,836 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,836 |
| 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, Gilbert Family Foundation has awarded $44,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MUSCULAR DYSTROPHY ASSOCIATION INC PURPOSE: GENERAL | $10,000 |
ILITCH CHARITIES INC PURPOSE: GENERAL | $10,000 |
DETROIT CHILDREN'S FUND PURPOSE: GENERAL | $10,000 |
KADIMA PURPOSE: GENERAL | $5,000 |
ALEX'S LEMONADE STAND FOUNDATION PURPOSE: GENERAL | $5,000 |
CHILDREN'S TUMOR FOUNDATION PURPOSE: SCIENTIFIC | $2,500 |