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← JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TRUST

Form 990 for tax year 2022

Filed by JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TRUST.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 8 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$65,881,649
Total expenses
$35,174,059
Contributions and grants received
$27,455,883
Grants paid
$29,896,964
Program service revenue
$0
Investment income
$38,425,766
Other revenue
$0
Total assets, end of year
$445,829,233
Total liabilities, end of year
$31,231,510
Net assets or fund balances, end of year
$414,597,723
Program services expenses (Part IX)
$30,269,644
Management and general expenses
$4,904,415
Fundraising expenses
$0
Program service expenses (Part III)
$30,269,644

Program services were 86.1% 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.

  • 1f · All other contributions, gifts and grants

    $27,455,883

  • 1g · Noncash contributions included above

    $1,459,800

  • 3 · Investment income

    total $1,465,139 · unrelated business -$91,018 · excluded $1,556,157

  • 7a · Gross sales of assets other than inventory

    securities $1,679,298 · other assets $54,941,777

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

    securities $1,598,083 · other assets $18,062,365

  • 7c · Gain or loss

    securities $81,215 · other assets $36,879,412

  • 7d · Net gain or loss

    total $36,960,627 · unrelated business $748,263 · excluded $36,212,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,896,964 · program services $29,896,964

  • 11b · Fees: legal

    total $310,559 · program services $202,441 · management and general $108,118

  • 11c · Fees: accounting

    total $152,375 · program services $30,000 · management and general $122,375

  • 11f · Fees: investment management

    total $599,516 · program services $140,239 · management and general $459,277

  • 11g · Fees: other

    total $202 · management and general $202

  • 13 · Office expenses

    total $41,910 · management and general $41,910

  • 24a · Other expenses: DEDUCTIONS FOR PORTFOLI

    total $3,778,191 · management and general $3,778,191

  • 24b · Other expenses: INVESTMENT INTEREST EXP

    total $292,870 · management and general $292,870

  • 24c · Other expenses: FOREIGN TAXES

    total $99,533 · management and general $99,533

  • 24d · Other expenses: STATE TAXES

    total $1,939 · management and general $1,939

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $52,148,423 · end of year $56,851,781

  • 4 · Accounts receivable

    beginning of year $7,392,741 · end of year $154,656

  • 7 · Other notes and loans receivable

    beginning of year $9,410,800 · end of year $10,342,130

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,000,000 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,800,259 · end of year $9,515,341

  • 12 · Investments: other securities

    beginning of year $213,624,055 · end of year $183,867,189

  • 13 · Investments: program-related

    beginning of year $142,718,504 · end of year $185,098,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $905,960 · end of year $280,732

  • 18 · Grants payable

    beginning of year $8,703,050 · end of year $15,950,778

  • 25 · Other liabilities

    beginning of year $0 · end of year $15,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $412,231,641 · end of year $404,335,534

  • 28 · Net assets with donor restrictions

    beginning of year $10,254,131 · end of year $10,262,189

Mission and programs · 2022

Mission

PROVIDES GRANTS TO AND MAKES PROGRAM-RELATED INVESTMENTS FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATIONS

Activities or mission (Part I)

PROVIDES GRANTS TO AND MAKES PROGRAM-RELATED INVESTMENTS FOR THE BENEFIT OF THE TRUST'S SUPPORTED ORGANIZATIONS.

  • THE TRUSTEES PROVIDE GRANTS FOR THE BENEFIT OF THE TRUST'S SUPPORTED ORGANIZATIONS

    Expenses $29,896,964 · Grants $29,896,964

  • THE TRUSTEES MAKE PROGRAM-RELATED INVESTMENTS TO FURTHER THE TRUST'S MISSIONS OF COMBATTING ENVIRONMENTAL DEGRADATION AND PRESERVING AND PROTECTING THE NATURAL ENVIRONMENT.

  • PROGRAMMATIC INVESTMENT EXPENSES INCLUDE LEGAL FEES, PAYMENTS TO CONSULTANTS AND COST OF DONATED LABOR FOR WORK DIRECTLY RELATED TO PROGRAMMATIC INVESTMENTS. INVESTMENT ADVISORY FEES RELATE TO NONPROGRAMMATIC INVESTMENTS AND ARE NETTED AGAINST INVESTMENT INCOME. GENERAL AND ADMINISTRATIVE EXPENSES INCLUDE LEGAL FEES AND VARIOUS OTHER EXPENSES NOT RELATED TO INVESTMENTS. CERTAIN FUNCTIONAL EXPENSES ARE ALLOCATED BETWEEN PROGRAMMATIC AND GENERAL AND ADMINISTRATIVE EXPENSES BASED UPON PERCENT OF TIME SPENT ADMINISTERING PROGRAMMATIC INVESTMENTS OR THE PERCENT OF PROGRAMMATIC INVESTMENTS TO TOTAL INVESTMENTS.

    Expenses $372,680

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeremy Grantham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hannelore Grantham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Carter Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Brett Jenks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Jennifer Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Jules Kortenhorst

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • Ramsay Ravenel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • NEGLECTED CLIMATE OPPORTUNITIES LLC

    ADVANCING THE MISSION OF THE JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TR. · MA · income $60,306,438 · assets $197,824,657

    Directly controlled by THE JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349323244

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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