Gross Family Charitable Foundation
- Assets
- $425.9m
- Revenue
- $34.8m
- Investments
- $423.1m
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-2674631
Organization Overview
Gross Family Charitable Foundation is located in Laguna Beach, CA. The organization was established in 2018. 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. Gross Family Charitable 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 2018, Gross Family Charitable Foundation has awarded 262 individual grants totaling $98,137,154. 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 |
|---|---|---|---|
William H Gross President | 1 | $0 | |
Mark Porterfield Secretary | 5 | $520,000 | |
Jeffrey Gross Director | 1 | $0 | |
Jennifer Gross Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,248,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,400,415 |
| Capital Gain Net Income | $12,400,415 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $193,748 |
| Total Revenue | $34,842,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $520,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,933 |
| Taxes | $730,883 |
| Depreciation | $0 |
| Occupancy | $26,833 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,713 |
| Total operating and administrative expenses | $1,354,362 |
| Contributions, gifts, grants paid | $22,680,002 |
| Total expenses and disbursements | $24,034,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,377,439 |
| 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 | $457,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,646,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $425,945,656 |
| 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 | $10,000 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Gross Family Charitable Foundation has awarded $22,680,002 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION AGAINST HUNGER USA PURPOSE: GENERAL DONATION | $500,000 |
ADVANCING GIRL'S EDUCATION IN AFRICA PURPOSE: GENERAL DONATION | $10,000 |
AFRICAN WOMEN RISING PURPOSE: GENERAL DONATION | $400,000 |
AMERICAN FAMILY HOUSING PURPOSE: GENERAL DONATION | $100,000 |
ANAHEIM COMMUNITY FOUNDATION PURPOSE: GENERAL DONATION | $100,000 |
ATRIUM HEALTH FOUNDATION PURPOSE: GENERAL DONATION | $2,000,000 |