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Gorter Family Foundation is a private corporation based in LAKE BLUFF, IL. The foundation received its IRS ruling in 1978. The principal officer is % Green Bay Management Company. It holds total assets of $34.4M. Annual income is reported at $12.1M. PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER SECTION. According to available records, Gorter Family Foundation has made 4 grants totaling $9M, with a median grant of $2.2M. Annual giving has decreased from $3.9M in 2020 to $2.5M in 2023. Individual grants have ranged from $2M to $2.6M, with an average award of $2.3M. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER SECTION
501(C)(3) OF THE INTERNAL REVENUE CODE. N/A
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER SECTION. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IL.
Gorter Family Foundation has distributed a total of $9M across 4 grants. The median grant size is $2.2M, with an average of $2.3M. Individual grants have ranged from $2M to $2.6M.
Gorter Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gorter Family Foundation is headquartered in LAKE BLUFF, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James P Gorter | PRESIDENT | $0 | $0 | $0 |
| Lauren A Gorter | DIRECTOR | $0 | $0 | $0 |
| Audrey F Gorter | DIRECTOR | $0 | $0 | $0 |
| Mary Gorter Krey | DIRECTOR | $0 | $0 | $0 |
| David F Gorter | DIRECTOR | $0 | $0 | $0 |
Total Giving
$3.3M
Total Assets
$34.4M
Fair Market Value
$47.5M
Net Worth
$34.4M
Grants Paid
$2.5M
Contributions
$0
Net Investment Income
$2.9M
Distribution Amount
$2.3M
Total: $24.9M
Total Grants
4
Total Giving
$9M
Average Grant
$2.3M
Median Grant
$2.2M
Unique Recipients
1
Most Common Grant
$2M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Schedule AttachedGENERAL SUPPORT | See Schedule Attached, IL | $2.5M | 2023 |
| Bradley R Krey |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
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