Gates Family Foundation
- Assets
- $458.2m
- Revenue
- $68.3m
- Investments
- $434.9m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1951
- Data as of
- 12/2022
- 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 12/2022, Gates Family Foundation generated $68.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $45.5m during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gates Family Foundation has awarded 1,180 individual grants totaling $254,093,747. 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 |
|---|---|---|---|
Thomas A Gougeon President, S | 40 | $367,845 | |
Susan N Dorsey Sr. VP Impac | 40 | $217,589 | |
Mary Seawell Sr VP Educat | 40 | $206,742 | |
Melissa Davis VP Strategic | 40 | $148,794 | |
Ana Soler Sr Program O | 40 | $140,661 | |
Lisa Rucker Sr Prog Offi | 40 | $134,720 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Captrust | 12/30/22 | $107,898 |
Northern Trust | 12/30/22 | $52,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $327,885 |
| Dividends & Interest | $4,684,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,470,229 |
| Capital Gain Net Income | $54,874,754 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,784,810 |
| Total Revenue | $68,267,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $585,434 |
| Other employee salaries and wages | $1,151,078 |
| Pension plans, employee benefits | $444,596 |
| Interest | $0 |
| Taxes | $657,307 |
| Depreciation | $812,525 |
| Occupancy | $128,169 |
| Travel, conferences, and meetings | $65,639 |
| Printing and publications | $0 |
| Other expenses | $331,359 |
| Total operating and administrative expenses | $4,580,207 |
| Contributions, gifts, grants paid | $40,908,250 |
| Total expenses and disbursements | $45,488,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,665,994 |
| Savings and temporary cash investments | $3,877,950 |
| 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 | $5,974,161 |
| Investments—mortgage loans | $0 |
| Investments—other | $318,461,018 |
| Net Land, buildings, and equipment | $2,026,370 |
| Other assets | $9,798,298 |
| Total assets | $458,247,303 |
| Accounts payable and accrued expenses | $10,738 |
| 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 | $10,738 |
Grants Awarded
Over the last fiscal year, Gates Family Foundation has awarded $135,093,850 in support to 419 organizations.
| Grant Recipient | Amount |
|---|---|
GATES INSTITUTE PURPOSE: PROJECT SUPPORT | $80,000,000 |
GATES INSTITUTE PURPOSE: PROJECT SUPPORT | $15,550,000 |
GATES INSTITUTE PURPOSE: PROJECT SUPPORT | $3,700,000 |
UNIVERSITY OF DENVER PURPOSE: PROJECT SUPPORT | $2,800,000 |
Canaan, NH PURPOSE: ENDOWMENT | $2,750,000 |
PALMER LAND CONSERVANCY PURPOSE: LAND PURCHASE | $1,770,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gates Family Foundation has recieved totaling $14,100.
| Awarding Organization | Amount |
|---|---|
Education Reform Now Inc New York, NY PURPOSE: HARVARD FELLOWSHIP TUITION | $14,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |