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Also known as: C/O JAMES GIPSON
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Jg Foundation is a private corporation based in BEVERLY HILLS, CA. The foundation received its IRS ruling in 1999. The principal officer is Michael Kromm. It holds total assets of $4.1M. Annual income is reported at $805K. Total assets have decreased from $10.2M in 2011 to $3.4M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in Massachusetts and California. According to available records, Jg Foundation has made 5 grants totaling $3.7M, with a median grant of $1.1M. Annual giving has decreased from $2.5M in 2021 to $10K in 2023. Individual grants have ranged from $10K to $1.3M, with an average award of $742K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Massachusetts and California and Missouri. Contributions to this foundation are tax-deductible.
Smallest Grant
$200K
Median Grant
$1.1M
Average Grant
$817K
Largest Grant
$1.1M
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Jg Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in MA, CA, MO.
Jg Foundation has distributed a total of $3.7M across 5 grants. The median grant size is $1.1M, with an average of $742K. Individual grants have ranged from $10K to $1.3M.
Jg Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jg Foundation is headquartered in BEVERLY HILLS, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Kromm | SECRETARY & CFO | $0 | $0 | N/A |
| James Gipson | PRESIDENT | $0 | $0 | N/A |
Total Giving
$4K
Total Assets
$3.4M
Fair Market Value
$5.3M
Net Worth
$3.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$83K
Distribution Amount
$222K
Total Grants
5
Total Giving
$3.7M
Average Grant
$742K
Median Grant
$1.1M
Unique Recipients
4
Most Common Grant
$1.1M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Explorers Of Blessed Charlemagne Fne GroupCHARITABLE | Kansas City, MO | $10K | 2023 |
| Boston CollegeCHARITABLE | Chestnut Hill, MA | $1.3M | 2022 |
| Massachusetts General HospitalCHARITABLE | Boston, MA | $1.1M | 2021 |
| Doheny Eye InstituteCHARITABLE | Pasadena, CA | $200K | 2021 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA