CLEVELAND, OH
George Gund Foundation
Quick Facts
- EIN
- 346519769
- Location
- CLEVELAND, OH
- Category
- General
- Total Assets
- $555.9M
- Annual Income
- $156.1M
- IRS Ruling Year
- 1953
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
George Gund Foundation is a private corporation based in CLEVELAND, OH. The foundation received its IRS ruling in 1953. It holds total assets of $555.9M. Annual income is reported at $156.1M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$39.7M
2023-22%
Total Assets
$506.6M
2023+1%
Fair Market Value
$534.8M
2023
Net Worth
$506.6M
2023
Grants Paid
$29.6M
2023
Contributions
$0
2023
Net Investment Income
$45M
2023
Distribution Amount
$24.6M
2023
Total Giving by Year
$28.7M
11$28.6M
12$30.7M
13$34.4M
14$35.4M
15$37.6M
18$37.8M
19$56.5M
20$72.5M
21$51.2M
22$39.7M
23Asset Growth
$301.6M
11$317.3M
12$338.9M
13$360.3M
14$388.6M
15$442.1M
18$464.7M
19$477M
20$524.9M
21$502.4M
22$506.6M
23Investment Portfolio (2023)
Total: $474.5M
Corporate Stock: $464.9M
Corporate Bonds: $4.1M
Government Obligations: $5.5M
Other Investments: $10.5M
Cash: $3.4M
Corporate Stock (95%)
Corporate Bonds (1%)
Government Obligations (1%)
Other Investments (2%)
Cash (1%)
Expense Breakdown (2023)
Grants Paid$29.6M
Pension & Benefits$752K
Officer Compensation$358K
Interest$254K
Accounting Fees$241K
Occupancy$152K
Travel & Conferences$150K
Legal Fees$43K
Printing & Publications$38K
Depreciation$28K
Revenue Sources (2023)
- Capital Gains (Net)
- $42M
- Dividends
- $9.1M
- Interest
- $305K
- Other Income
- $105K
Financial Details (2023)
- Total Revenue
- $51.5M
- Total Expenses
- $39.7M
- Exempt Purpose Expenses
- $33M
- Required Distribution
- $24.6M
- Undistributed Income
- $0
- Grants Approved (Future)
- $10.4M
- Total Liabilities
- $7K
- Excise Tax
- $625K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$16.1M
Average Grant
$323K
Median Grant
$235K
Grant Range
Min$150K
Max$2M
Median: $235K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IL: $200K (1)
IN
OH
OH: $13M (45)
PA
NJ
CA
CA: $800K (2)
UT
CO
NE
MO
KY
WV
VA
MD
MD: $2M (1)
DE
DC
DC: $150K (1)
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
OH$13M (45)
MD$2M (1)
CA$800K (2)
IL$200K (1)
DC$150K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Foundation Fighting Blindness IncRetinal degenerative disease research. | Columbia, MD | $2M | 2023 |
| Cleveland Neighborhood ProgressOperating support. | Cleveland, OH | $1.2M | 2023 |
| College Now Greater Cleveland IncPostsecondary success coaches for Say Yes scholars. | Cleveland, OH | $1M | 2023 |
| Fund For Our Economic FutureOperating support. | Cleveland, OH | $500K | 2023 |
| American Civil Liberties Union Of Ohio Foundation IncOperating support. | Cleveland, OH | $500K | 2023 |
| College Now Greater Cleveland IncSay Yes Scholars Program at Cuyahoga Community College. | Cleveland, OH | $500K | 2023 |
| Ohio Progressive Collaborative Education FundOperating support. | Columbus, OH | $500K | 2023 |
| Tides FoundationHealthy Democracy Fund. | Los Angeles, CA | $450K | 2023 |
| Ohio Environmental CouncilOperating support. | Columbus, OH | $440K | 2023 |
| Cleveland Metropolitan SchoolCleveland Metropolitan School District Public Service Fellowship. | Cleveland, OH | $363K | 2023 |
| Cleveland Print Room IncProject Lexington. | Cleveland, OH | $350K | 2023 |
| Energy FoundationOperating support. | San Francisco, CA | $350K | 2023 |
| Educational Service Center Of Cuyahoga CountyPRE4CLE operating support. | Independence, OH | $350K | 2023 |
| College Now Greater Cleveland IncCollege access advising services, scholarships, and retention services for Cleveland Metropolitan School District students. | Cleveland, OH | $350K | 2023 |
| Greater Cleveland Food Bank IncCapital expansion and capacity building project. | Cleveland, OH | $300K | 2023 |
| Ohio VoiceOperating support. | Columbus, OH | $297K | 2023 |
| City Club Of ClevelandGuardians of Free Speech capacity grant. | Cleveland, OH | $250K | 2023 |
| Downtown Cleveland AllianceOperating support. | Cleveland, OH | $250K | 2023 |
| Union Miles Development CorpSoutheast expansion. | Cleveland, OH | $250K | 2023 |
| College Now Greater Cleveland IncSay Yes Scholars program at Cuyahoga Community College. | Cleveland, OH | $250K | 2023 |
| Chn Housing PartnersOperating support. | Cleveland, OH | $250K | 2023 |
| Case Western Reserve UniversityFirst Year Cleveland. | Cleveland, OH | $250K | 2023 |
| Tech Belt Energy Innovation CenterBrite Energy Innovators. | Warren, OH | $250K | 2023 |
| Cleveland State University FoundationPostsecondary success coaches for Say Yes scholars. | Cleveland, OH | $249K | 2023 |
| Ohio Organizing Collaborative TheOperating support. | Youngstown, OH | $240K | 2023 |
| Ohio Progressive Collaborative Education FundOperating support. | Columbus, OH | $230K | 2023 |
| Esperanza IncPostsecondary success coaches for Say Yes scholars. | Cleveland, OH | $230K | 2023 |
| Positive Education ProgramStaff development. | Cleveland, OH | $200K | 2023 |
| Cleveland Social Venture PartnersOperating support. | Cleveland, OH | $200K | 2023 |
| Karamu HouseKaramu: Next Generation. | Cleveland, OH | $200K | 2023 |
| Positive Education ProgramStaff development. | Cleveland, OH | $200K | 2023 |
| Educational Service Center Of Cuyahoga CountyThe Llura Gund Early Learning Fund at PRE4CLE. | Independence, OH | $200K | 2023 |
| Assembly For The ArtsOperating support. | Cleveland, OH | $200K | 2023 |
| Historymakers TheCleveland/Northeast Ohio African American Leaders in The HistoryMakers Collection. | Chicago, IL | $200K | 2023 |
| Positive Education ProgramStaff development. | Cleveland, OH | $200K | 2023 |
| Equality Ohio Education FundOperating support. | Columbus, OH | $200K | 2023 |
| Cleveland Transformation AllianceOperating support. | Cleveland, OH | $175K | 2023 |
| Ohio Environmental CouncilPower a Clean Future Ohio. | Columbus, OH | $165K | 2023 |
| Center For Community SolutionsOperating support and Advocates for Ohios Future. | Cleveland, OH | $160K | 2023 |
| United Black Fund Of Greater ClevelandFutureLAND. | Cleveland, OH | $160K | 2023 |
| Cleveland International Film Festival IncOperating support. | Cleveland, OH | $150K | 2023 |
| Rails To Trails ConservancyIndustrial Heartland Trails Coalition and Midwest office operating support. | Washington, DC | $150K | 2023 |
| Citizens Utility Board Of OhioOperating support. | Columbus, OH | $150K | 2023 |
| Lead Ohio FoundationOperating support. | Columbus, OH | $150K | 2023 |
| Ohio City IncorporatedWest Side Market Masterplan and Nonprofit Transition Assistance. | Cleveland, OH | $150K | 2023 |
| Philanthropy OhioOperating and project support. | Columbus, OH | $150K | 2023 |
| Ohio VoiceHonesty for Ohio Education operating support. | Columbus, OH | $150K | 2023 |
| Cleveland Print Room IncOperating support. | Cleveland, OH | $150K | 2023 |
| Smart Development IncOperating support and emergency relief fund. | Cleveland, OH | $150K | 2023 |
| Ohio Women'S AllianceOperating support. | Columbus, OH | $150K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica