Gary E Milgard Family Foundation-Cari
- Assets
- $103.3m
- Revenue
- $2.8m
- Investments
- $103.2m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 04/2016
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Gary E Milgard Family Foundation-Cari generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (42.9%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gary E Milgard Family Foundation-Cari has awarded 127 individual grants totaling $15,170,153. 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 |
|---|---|---|---|
Christine Zemanek Philanthropic Advisor | 13.9 | $93,055 | |
Kasey Milgard Vice President | 20 | $75,000 | |
Kirby Milgard Vice President | 20 | $75,000 | |
Cari Milgard President & CEO | 20 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,562,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $257,644 |
| Capital Gain Net Income | $297,007 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,819,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $268,055 |
| Other employee salaries and wages | $94,590 |
| Pension plans, employee benefits | $138,838 |
| Interest | $0 |
| Taxes | $64,333 |
| Depreciation | $0 |
| Occupancy | $7,196 |
| Travel, conferences, and meetings | $3,055 |
| Printing and publications | $91 |
| Other expenses | $28,913 |
| Total operating and administrative expenses | $863,238 |
| Contributions, gifts, grants paid | $4,867,080 |
| Total expenses and disbursements | $5,730,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,760 |
| Savings and temporary cash investments | $65,776 |
| 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 | $11,804,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $103,349,007 |
| Accounts payable and accrued expenses | $3,583 |
| 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 | $3,583 |
Grants Awarded
Over the last fiscal year, Gary E Milgard Family Foundation-Cari has awarded $6,167,080 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: BGCSPS GEN SUPPORT & 2 YR PROGRAM EXPANSION | $625,000 |
Tacoma, WA PURPOSE: NEW HEALTH CARE & MEMORY CARE BLDG | $500,000 |
Tacoma, WA PURPOSE: NEW HEALTH CARE & MEMORY BUILDING | $500,000 |
UNIVERSITY OF WASHINGTON FOUNDATION PURPOSE: MILGARD HALL & MILGARD SCHOOL OF BUSINESS | $500,000 |
MULTICARE HEALTH FOUNDATION PURPOSE: CANCER PATHWAYS NAVIGATION | $428,200 |
LUTHERAN COMMUNITY SERVICES NW PURPOSE: 1ST OF 2 PLEDGE PAYMENTS | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gary E Milgard Family Foundation-Cari has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Gary E Milgard Family Foundation - Mark Tacoma, WA PURPOSE: DISTRIBUTION OF PRINCIPAL | $6,472 |
Gary E Milgard Family Foundation - Mark Tacoma, WA PURPOSE: PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3. | -$6,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James F And Marion L Miller Foundation Portland, OR | $158,876,388 | $13,440,871 |
Samis Foundation Seattle, WA | $94,569,987 | $11,606,495 |
The Russell Family Foundation Gig Harbor, WA | $150,979,015 | $6,860,810 |
Greg Carr Foundation Inc Idaho Falls, ID | $45,330,213 | $11,248,432 |
Holland M Ware Charitable Foundation Eagle, ID | $246,555,245 | $15,589,641 |
Helen E Snedden Foundation Fairbanks, AK | $9,152,347 | $5,394,499 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $107,759,492 | $3,709,897 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $103,349,007 | $2,819,850 |
Vatheuer Family Foundation Inc Hobart, WA | $35,751,175 | $3,774,819 |
David And Amy Fulton Foundation Seattle, WA | $71,105,945 | -$65,059 |
Mckenzie River Gathering Foundation Portland, OR | $12,170,827 | $3,891,670 |
Mdekfse Family Foundation Meridian, ID | $16,827,922 | $1,235,730 |