Jerry And Kathleen Grundhofer Foundation
- Assets
- $25.2m
- Revenue
- $1.9m
- Investments
- $23.9m
- Employees
- 0
- Location
- Park City, UT
- Founding
- Data as of
- 12/2023
- EIN
- 84-3718835
Organization Overview
Jerry And Kathleen Grundhofer Foundation is located in Park City, UT. 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. Jerry And Kathleen Grundhofer 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, Jerry And Kathleen Grundhofer Foundation generated $1.9m in total revenue.
Since 2020, Jerry And Kathleen Grundhofer Foundation has awarded 30 individual grants totaling $15,625,418. 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 |
|---|---|---|---|
Jerry A Grundhofer Trustee | 1 | $0 | |
Kathleen A Grundhofer Trustee | 1 | $0 | |
Lauren Grundhofer Peterson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,169,541 |
| Interest on Savings | $0 |
| Dividends & Interest | $278,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $415,275 |
| Capital Gain Net Income | $506,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,863,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $57 |
| Taxes | $1,537 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $137,604 |
| Contributions, gifts, grants paid | $1,698,857 |
| Total expenses and disbursements | $1,836,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,804 |
| Savings and temporary cash investments | $1,178,710 |
| 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 | $10,361,843 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,214,767 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jerry And Kathleen Grundhofer Foundation has awarded $1,698,857 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EISENHOWER MEDICAL CENTER PURPOSE: SURGERY CENTER | $100,000 |
626 LANDMARK FOUNDATION PURPOSE: GENERAL OPPERATING SUPPORT | $10,000 |
BOYS & GIRLS CLUBS OF CHICAGO PURPOSE: GENERAL OPPERATING SUPPORT | $10,000 |
BOARD OF TRUSTESS - LELAND STANFORD JR UNNIVERSITY PURPOSE: GENERAL OPPERATING SUPPORT | $75,000 |
INTERMOUNTAIN HEALTHCARE FOUNDATION INC PURPOSE: (1) DESCRIPTION: 1,009 SHARES OF APPLE INC SECURITIES (2) BOOK VALUE: $ 177,645 (3) METHOD USED TO DETERMINE BOOK VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE RECEIVED BY THE FOUNDATION. (4) METHOD USED TO DETERMINE FAIR MARKET VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE DONATED. (5) DATE OF THE GIFT: 12/07/2023 (6) PURPOSE: PHYSICIAN RECRUITMENT AND CHARITY CARE | $196,044 |
INTERMOUNTAIN HEALTHCARE FOUNDATION INC PURPOSE: (1) DESCRIPTION: 2,087 SHARES OF MICROSOFT CORPORATION (2) BOOK VALUE: $ 794,876 (3) METHOD USED TO DETERMINE BOOK VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE RECEIVED BY THE FOUNDATION. (4) METHOD USED TO DETERMINE FAIR MARKET VALUE: AVERAGE OF THE HIGH/LOW ON THE DATE THE SECURITIES WERE DONATED. (5) DATE OF THE GIFT: 12/07/2023 (6) PURPOSE: PHYSICIAN RECRUITMENT AND CHARITY CARE | $769,866 |