Gary E Milgard Family Foundation-Cari
- Assets
- $107.0m
- Revenue
- $2.8m
- Investments
- $106.3m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 81-1292744
Organization Overview
Gary E Milgard Family Foundation-Cari is located in Tacoma, WA. The organization was established in 2016. 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. Gary E Milgard Family Foundation-Cari 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, Gary E Milgard Family Foundation-Cari generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gary E Milgard Family Foundation-Cari has awarded 191 individual grants totaling $32,286,653. 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 |
|---|---|---|---|
Cari Milgard President | 20 | $70,000 | |
Kasey Milgard Secretary | 20 | $53,462 | |
Kirby Milgard Treasurer | 20 | $53,462 | |
Paul Degoede Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,761,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,890 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,837,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $176,924 |
| Other employee salaries and wages | $131,504 |
| Pension plans, employee benefits | $109,920 |
| Interest | $0 |
| Taxes | $85,324 |
| Depreciation | $0 |
| Occupancy | $4,603 |
| Travel, conferences, and meetings | $2,864 |
| Printing and publications | $148 |
| Other expenses | $17,876 |
| Total operating and administrative expenses | $800,065 |
| Contributions, gifts, grants paid | $1,101,000 |
| Total expenses and disbursements | $1,901,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,820 |
| Savings and temporary cash investments | $675,578 |
| 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 | $12,357,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $107,024,164 |
| Accounts payable and accrued expenses | $93 |
| 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 | $93 |
Grants Awarded
Over the last fiscal year, Gary E Milgard Family Foundation-Cari has awarded $1,101,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOME SOCIETY OF WASHINGTON PURPOSE: KEY PENINSULA FAMILY RESOURCE CTR | $10,000 |
EMERGENCY FOOD NETWORK OF TACOMA-PIERCE COUNTY PURPOSE: CO-OP FOOD PURCHASING PROGRAM | $100,000 |
HOPESPARKS FAMILY SERVICES PURPOSE: CHILDREN'S MENTAL HEALTH | $100,000 |
MAKING A DIFFERENCE FOUNDATION PURPOSE: ELOISE'S COOKING POT | $100,000 |
NORTHWEST HARVEST PURPOSE: IN HONOR OF DR. JIM VINCENT | $10,000 |
PACK-PEOPLE FOR ANIMAL CARE AND KINDNESS PURPOSE: PARTY WITH A PURPOSE GALA | $100,000 |