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← GERMAN MARSHALL FUND OF THE US

Form 990 for tax year 2024

Filed by GERMAN MARSHALL FUND OF THE US.

Totals

Total revenue
$38,434,390
Total expenses
$42,777,756
Contributions and grants received
$29,550,039
Grants paid
$9,166,853
Program service revenue
$2,930,738
Investment income
$5,952,791
Other revenue
$822
Total assets, end of year
$197,949,900
Total liabilities, end of year
$22,329,869
Net assets or fund balances, end of year
$175,620,031
Program services expenses (Part IX)
$26,447,754
Management and general expenses
$15,059,638
Fundraising expenses
$1,270,364
Program service expenses (Part III)
$26,447,754

Program services were 61.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $15,037,202

  • 1f · All other contributions, gifts and grants

    $14,512,837

  • 2a · Program service revenue: CONTRACT

    total $2,930,738 · related or exempt $2,930,738

  • 3 · Investment income

    total $2,391,651 · unrelated business $176,365 · excluded $2,215,286

  • 7a · Gross sales of assets other than inventory

    securities $23,408,074

  • 7b · Less cost or other basis and sales expenses

    securities $19,846,934

  • 7c · Gain or loss

    securities $3,561,140

  • 7d · Net gain or loss

    total $3,561,140 · excluded $3,561,140

  • 11a · Other revenue: OTHER INCOME

    total $822 · excluded $822

  • 11e · Other revenue, total

    $822

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,000 · program services $325,000

  • 3 · Grants to foreign organizations and individuals

    total $8,841,853 · program services $8,841,853

  • 5 · Compensation of officers, directors and key employees

    total $1,702,409 · program services $791,247 · management and general $909,604 · fundraising $1,558

  • 7 · Other salaries and wages

    total $15,420,619 · program services $8,805,559 · management and general $5,618,113 · fundraising $996,947

  • 8 · Pension plan contributions

    total $538,219 · program services $302,267 · management and general $208,213 · fundraising $27,739

  • 9 · Other employee benefits

    total $2,442,860 · program services $1,544,702 · management and general $774,857 · fundraising $123,301

  • 10 · Payroll taxes

    total $673,986 · program services $304,458 · management and general $317,797 · fundraising $51,731

  • 11b · Fees: legal

    total $199,076 · program services $38,726 · management and general $160,350

  • 11c · Fees: accounting

    total $269,124 · program services $61,233 · management and general $207,891

  • 11f · Fees: investment management

    total $264,737 · management and general $264,737

  • 11g · Fees: other

    total $2,592,080 · program services $2,100,980 · management and general $486,333 · fundraising $4,767

  • 13 · Office expenses

    total $3,145,732 · program services $233,722 · management and general $2,902,230 · fundraising $9,780

  • 16 · Occupancy

    total $1,619,735 · program services $5,058 · management and general $1,614,677

  • 17 · Travel

    total $2,358,464 · program services $2,159,600 · management and general $167,976 · fundraising $30,888

  • 19 · Conferences, conventions and meetings

    total $954,760 · program services $867,238 · management and general $70,508 · fundraising $17,014

  • 20 · Interest

    total $3,589 · management and general $3,589

  • 22 · Depreciation, depletion and amortization

    total $668,326 · management and general $668,326

  • 23 · Insurance

    total $244,790 · program services $32 · management and general $244,758

  • 24a · Other expenses: BOND INTEREST AND ISSUA

    total $326,093 · management and general $326,093

  • 24b · Other expenses: SUBSCRIPTIONS AND PUBLI

    total $48,196 · program services $17,095 · management and general $29,384 · fundraising $1,717

  • 24e · All other expenses

    total $138,108 · program services $48,984 · management and general $84,202 · fundraising $4,922

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,155

  • 2 · Savings and temporary cash investments

    beginning of year $6,760,193 · end of year $5,052,457

  • 3 · Pledges and grants receivable

    beginning of year $7,388,160 · end of year $7,507,582

  • 4 · Accounts receivable

    beginning of year $365,619 · end of year $343,883

  • 9 · Prepaid expenses and deferred charges

    beginning of year $719,516 · end of year $660,973

  • 10a · Land, buildings and equipment: cost or other basis

    $27,413,697

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,544,155

  • 10c · Land, buildings and equipment, net

    beginning of year $15,458,844 · end of year $14,869,542

  • 11 · Investments: publicly traded securities

    beginning of year $77,897,515 · end of year $83,856,901

  • 12 · Investments: other securities

    beginning of year $78,780,695 · end of year $78,491,412

  • 15 · Other assets

    beginning of year $4,838,666 · end of year $7,167,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,898,355 · end of year $2,628,629

  • 18 · Grants payable

    beginning of year $127,119 · end of year $302,239

  • 19 · Deferred revenue

    beginning of year $10,915,960 · end of year $7,782,244

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,223,022 · end of year $9,237,715

  • 25 · Other liabilities

    beginning of year $1,446,985 · end of year $2,379,042

  • 27 · Net assets without donor restrictions

    beginning of year $161,508,086 · end of year $169,579,805

  • 28 · Net assets with donor restrictions

    beginning of year $7,090,836 · end of year $6,040,226

Mission and programs · 2024

Mission

THE GERMAN MARSHALL FUND OF THE UNITED STATES (GMF) STRIVES TO CHAMPION DEMOCRATIC VALUES AND THE TRANSATLANTIC ALLIANCE BY STRENGTHENING CIVIL SOCIETY, FORGING BOLD AND INNOVATIVE POLICY IDEAS, AND DEVELOPING A NEW GENERATION OF LEADERS TO TACKLE GLOBAL CHALLENGES. GMF DELIVERS HOPE BY UPHOLDING THE DIGNITY OF THE INDIVIDUAL AND DEFENDING FREEDOM IN THE SPIRIT OF THE MARSHALL PLAN.

Activities or mission (Part I)

THE GERMAN MARSHALL FUND OF THE UNITED STATES (GMF) IS AN AMERICAN INSTITUTION THAT STRENGTHENS TRANSATLANTIC COOPERATION ON REGIONAL, NATIONAL AND GLOBAL CHALLENGES AND OPPORTUNITIES IN THE SPIRIT OF THE MARSHALL PLAN.

  • DEMOCRACY - AS MANY COUNTRIES IN THE TRANSATLANTIC COMMUNITY AND BEYOND HELD ELECTIONS IN 2024, GMF DEMOCRACY FOCUSED ITS WORK ON COMBATING THREATS TO DEMOCRACY AND THE ABUSE OF RECENT TECHNOLOGIES. BOTH ISSUES POSE CHALLENGES TO DEMOCRATIC VALUES, IN PARTICULAR ELECTION ADMINISTRATION. GMF DEMOCRACY SHED LIGHT ON WIDESPREAD EFFORTS TO MANIPULATE ONLINE INFORMATION AND INTERFERENCE IN ELECTIONS WHILE HELPING TO SECURE INDIVIDUAL RIGHTS AND FREEDOMS.

    Expenses $14,303,068 · Grants $8,663,386 · Revenue $2,930,738

  • GEOSTRATEGY - GMF PROVIDES POLICYMAKERS AND BUSINESS LEADERS ON BOTH SIDES OF THE ATLANTIC WITH IN-DEPTH AND COMPREHENSIVE ANALYSES OF THE POLITICAL, ECONOMIC, AND STRATEGIC TRENDS THAT IMPACT THEM. GMF GEOSTRATEGY FOCUSES ON SPECIFIC GEOGRAPHIC REGIONS WHOSE AUDIENCES REQUIRE HOLISTIC RISK MANAGEMENT THAT INTEGRATES POLICY PLANNING AND RESILIENCE IN AN INTERNATIONAL ENVIRONMENT INCREASINGLY DEFINED BY GEOPOLITICAL COMPETITION, ENVIRONMENTAL CRISIS, AND HYBRID THREATS.

    Expenses $6,458,514 · Grants $188,717

  • STRATEGIC ENGAGMENT - GMF CONVENES GLOBAL LEADERS, POLICYMAKERS, AND EXPERTS ACROSS SECTORS TO SHAPE THE TRANSATLANTIC AGENDA AND DEBATE THE MOST PRESSING GLOBAL CHALLENGES. GMF OFFERS RISING AND ESTABLISHED LEADERS DYNAMIC OPPORTUNITIES TO BUILD TRANSATLANTIC BRIDGES.

    Expenses $2,898,237

  • INNOVATION - GMF INNOVATION ADVANCES NEW THINKING BY CONDUCTING RESEARCH AND PROJECTS, AND DEVELOPING INITIATIVES, THROUGH ITS TWO KEY DIVISIONS GMF CITIES AND GMF TECHNOLOGY.

    Expenses $2,787,935 · Grants $314,750

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • J Robinson West

    CHAIR OF THE BOARD (THRU 5/24), TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Schroeder

    CHAIR OF THE BOARD (BEG 5/24)

    Total calculated
    $0
    Hours/week
    1

  • Annie Maxwell

    VICE CHAIR OF THE BOARD (BEG 5/24)

    Total calculated
    $0
    Hours/week
    1

  • Frank Friedman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Heidi Heitkamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janet Lamkin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Emerson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joyce Chang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Biegun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Thornberry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shawn Turner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susannah Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helene Cooper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Curtis Scaparotti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Margit Wennmachers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Green

    TRUSTEE (BEG. 9/24)

    Total calculated
    $0
    Hours/week
    1

  • Tara Hariharan

    TRUSTEE (BEG. 9/24)

    Total calculated
    $0
    Hours/week
    1

  • Heather Conley

    PRESIDENT (THRU 9/24)

    Total calculated
    $530,021
    From this org
    $476,766
    From related orgs
    $0
    Other
    $53,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $444,995
    Bonus
    $30,000
    Other
    $1,771
    Deferred
    $26,642
    Nontaxable benefits
    $26,613
    Filer's total
    $530,021

  • Alexandra De Hoop Scheffer

    ACTING PRESIDENT (BEG 9/24)

    Total calculated
    $404,537
    From this org
    $284,199
    From related orgs
    $0
    Other
    $120,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,199
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $120,338
    Filer's total
    $404,537

  • Roby Jacob

    VP & CFO (THRU 6/24)

    Total calculated
    $135,431
    From this org
    $110,471
    From related orgs
    $0
    Other
    $24,960
    Hours/week
    40

  • Roseanne Thornton

    VP & CFO (BEG 9/24), TREAS.

    Total calculated
    $115,968
    From this org
    $107,967
    From related orgs
    $0
    Other
    $8,001
    Hours/week
    40

  • Jared Janeczko

    COO, PRESIDENT (BEG 9/24)

    Total calculated
    $304,239
    From this org
    $295,706
    From related orgs
    $0
    Other
    $8,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,314
    Bonus
    $0
    Other
    $25,392
    Deferred
    $0
    Nontaxable benefits
    $8,533
    Filer's total
    $304,239

  • Laura Hope Gammell-Ibanez

    CORPORATE SECRETARY

    Total calculated
    $133,904
    From this org
    $101,880
    From related orgs
    $0
    Other
    $32,024
    Hours/week
    1

  • Joerg Forbig

    MANAGING DIRECTOR, TRANSATLANTIC TRUSTS

    Total calculated
    $200,481
    From this org
    $183,645
    From related orgs
    $0
    Other
    $16,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,645
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,836
    Filer's total
    $200,481

  • Nicola Lightner

    INTERIM SVP, STRATEGIC ENGAGEMENT

    Total calculated
    $286,428
    From this org
    $238,023
    From related orgs
    $0
    Other
    $48,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,679
    Bonus
    $0
    Other
    $344
    Deferred
    $23,331
    Nontaxable benefits
    $25,074
    Filer's total
    $286,428

  • Steven Bosacker

    SVP, GMF INNOVATION

    Total calculated
    $271,903
    From this org
    $239,256
    From related orgs
    $0
    Other
    $32,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,970
    Bonus
    $0
    Other
    $1,286
    Deferred
    $23,862
    Nontaxable benefits
    $8,785
    Filer's total
    $271,903

  • Elizabeth Boswell Rega

    MANAGING DIRECTOR, COMMUNICATION

    Total calculated
    $315,532
    From this org
    $205,711
    From related orgs
    $0
    Other
    $109,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,711
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $109,821
    Filer's total
    $315,532

  • Lindsay Gorman

    MANAGING DIRECTOR & SENIOR FELLOW

    Total calculated
    $215,979
    From this org
    $195,053
    From related orgs
    $0
    Other
    $20,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,900
    Bonus
    $0
    Other
    $153
    Deferred
    $19,504
    Nontaxable benefits
    $1,422
    Filer's total
    $215,979

  • Sarah Jones

    MANAGING DIRECTOR, LEADERSHIP PROGRAMS

    Total calculated
    $210,209
    From this org
    $187,811
    From related orgs
    $0
    Other
    $22,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,679
    Bonus
    $0
    Other
    $132
    Deferred
    $13,708
    Nontaxable benefits
    $8,690
    Filer's total
    $210,209

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1700 18TH STREET LLC - SINGLE MEMBER LLC

    REAL ESTATE · DC · income $0 · assets $8,573,157

    Directly controlled by THE GERMAN MARSHALL FUND OF UNITED STATES

  • THE TRANSATLANTIC FOUNDATION

    PROMOTE GREATER COOPERATION AND UNDERSTANDING BETWEEN THE U.S. AND EUROPE · BE · income $3,016,063 · assets $284,352

    Directly controlled by THE GERMAN MARSHALL FUND OF UNITED STATES

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349313347

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