Gates Family Foundation
- Assets
- $441.4m
- Revenue
- $29.1m
- Investments
- $416.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1951
- Data as of
- 12/2023
- EIN
- 84-0474837
Organization Overview
Gates Family Foundation is located in Denver, CO. The organization was established in 1951. 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. Gates 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, Gates Family Foundation generated $29.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $46.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gates Family Foundation has awarded 1,607 individual grants totaling $368,346,888. 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 |
|---|---|---|---|
Dane Harbaugh Trustee | 1.5 | $0 | |
Lauren Davis Vice Chair | 1.5 | $0 | |
Richard C Celeste Trustee | 1.5 | $0 | |
Wesley Brown Treasurer | 1.5 | $0 | |
Richard G Keily Chair | 1.5 | $0 | |
Virginia C Bayless Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Captrust | 12/30/23 | $114,998 |
Northern Trust | 12/30/23 | $99,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $522,628 |
| Dividends & Interest | $2,579,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,278,096 |
| Capital Gain Net Income | $21,934,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,698,030 |
| Total Revenue | $29,077,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $634,604 |
| Other employee salaries and wages | $1,139,931 |
| Pension plans, employee benefits | $498,303 |
| Interest | $0 |
| Taxes | $919,432 |
| Depreciation | $585,635 |
| Occupancy | $144,246 |
| Travel, conferences, and meetings | $85,023 |
| Printing and publications | $0 |
| Other expenses | $347,083 |
| Total operating and administrative expenses | $4,835,737 |
| Contributions, gifts, grants paid | $41,116,891 |
| Total expenses and disbursements | $45,952,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,535,532 |
| Savings and temporary cash investments | $4,373,579 |
| 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 | $6,025,228 |
| Investments—mortgage loans | $0 |
| Investments—other | $309,224,708 |
| Net Land, buildings, and equipment | $1,757,577 |
| Other assets | $11,583,283 |
| Total assets | $441,371,041 |
| Accounts payable and accrued expenses | $9,187 |
| 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 | $9,187 |
Grants Awarded
Over the last fiscal year, Gates Family Foundation has awarded $114,253,141 in support to 427 organizations.
| Grant Recipient | Amount |
|---|---|
9TO5 NATIONAL ASSOCIATION OF WORKIN PURPOSE: PROJECT SUPPORT | $50,000 |
AR MITCHELL MUSEUM PURPOSE: UNRESTRICTED | $500 |
ACHIEVE INC PURPOSE: PROJECT SUPPORT | $20,000 |
ACTIVATE WORK INC PURPOSE: PROJECT SUPPORT | $50,000 |
ALOHA UNITED WAY PURPOSE: UNRESTRICTED | $2,000 |
AMERICA SUCCEEDS PURPOSE: OPERATING | $136,000 |