Gold Bay Foundation

Gold Bay Foundation is a grantmaking organization which issues grants to pro-abortion, environmentalist organizations, and supports many investigative journalism organizations which report exclusively on conservative leaning organizations.

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At-A-Glance

Type: Non-profit, 501(c)(3), Private Foundation
Issue Areas: Multi-Issue Advocacy
President/Director:

Barbara Gold Lurie

Treasurer:

Keith Lurie

Location: Minneapolis, MN View on map
Tax ID: 47-4002921
Most Recent Filing: 2024
Budget (2024): Assets: $32,297,789 Revenue: $2,486,468 Expenses: $2,903,540

Contents

    The organization does not have an online presence despite making considerable contributions to left-of-center organizations, totaling $1,330,200 in 2017. 1

    Background

    Gold Bay Foundation is a Minnesota based grant making institution and successor to the defunct David B. Gold Foundation, an organization which since 19922 issued grants to left-of-center organizations included pro-abortion organizations such as Planned Parenthood Federation of America and the Center for Reproductive Rights and environmentalist organizations such as Earthjustice and the National Resources Defense Council. 3

    Beyond its grantmaking capabilities, Gold Bay Foundation houses Kerie Belvins Consulting, a corporation which provides foundation management services to institutions that seek to develop or grow their ability to make grants to other organizations. 4 Gold Bay Foundation has charged Kerie Belvins Consulting for services related to its own grant making purposes, reporting paying $67,699 in consulting services in 2017. 5

    Assets

    Gold Bay Foundation has a total $28,558,529 dollars in assets, and the organization’s 2017 annual revenue of $1,828,130 is entirely attributable to the otherwise defunct David B. Gold Foundation. 6

    Grant Making

    In 2017 Gold Bay Foundation issued grants to pro-abortion, environmentalist, and anti-voter integrity efforts.

    Organizations supported by Gold Bay Foundation include Minnesota Voice, St. Croix River Association, Minnesota Public International Research Group, Temple of Israel Minnesota, Science Museum of Minnesota, The University of California -Berkeley  Alumni Association, Minnesota Orchestra, Center for Public Integrity,  ProPublica, New Venture Fund, Equal Justice Initiative, Earthjustice, Natural Resource Defense Council, Southern Poverty Law Center, Trust for Public Land, and Planned Parenthood of Minnesota. 7

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $32,297,789 $2,486,468 $2,903,540 View
    2023 $30,804,940 $802,452 $1,263,241 View
    2022 $28,029,739 $1,324,453 $2,295,836 View
    2021 $34,529,530 $1,846,791 $2,079,526 View
    2020 $30,625,118 $855,428 $2,135,034 View

    Prior year filings: 2015

    Expenses Detail

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $12,708,358
    • Number of Grants: 123
    • Number of Recipients: 50

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $2,350,0002024 Schwab CharitiesGeneral Operating Support
    $1,725,0002020 Schwab CharitiesGeneral Support
    $1,200,0002021 Schwab CharitiesGeneral Support
    $1,150,0002022 Schwab CharitiesGeneral Operating Support
    $650,0002023 Schwab CharitiesGeneral Operating Support
    $150,0002021 Conservation MinnesotaTransparency Project
    $110,0002020 MINNESOTA ORCHESTRAL ASSOCIATIONGeneral Support
    $100,0002024 MINNESOTA ORCHESTRAL ASSOCIATIONPartner with A Section
    $100,0002023 MINNESOTA ORCHESTRAL ASSOCIATIONPartner With A Section
    $100,0002023 MINNESOTA ORCHESTRAL ASSOCIATIONMusic's Moment Campaign
    $100,0002022 Fresh EnergyGeneral Operating Support
    $100,0002022 MINNESOTA ORCHESTRAL ASSOCIATIONPartner With A Section
    $100,0002022 Minnesota Council of Nonprofits Inc2022 Voter Engagement
    $100,0002021 Conservation MinnesotaUpstream Project
    $100,0002021 MINNESOTA ORCHESTRAL ASSOCIATIONPartner With A Section – Clarinet
    $100,0002021 Minnesota Center for EnvironmentalClimate strategy
    $65,1562022 University of Minnesota FoundationCollege Pathways Fund
    $54,8002021 University of Minnesota FoundationCollege Pathways Fund
    $50,0002022 Conservation MinnesotaTell Minnesota Climate Success Story
    $50,0002022 Georgia Alliance Education Fund IncGeneral Operating Support
    $45,0002022 Georgia Alliance Education Fund IncGeneral Operating Support
    $45,0002022 Instituto Lab LLCGeneral Operating Support
    $45,0002022 NEO PhilanthropyGeneral Operating Support
    $45,0002022 Pa Alliance FoundationGeneral Operating Support
    $30,0002023 LAND STEWARDSHIP PROJECTSupport for the Wisconsin Rural Coalition for 501c3 voter engagement activities

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    Financials, employee compensation, and grant information provided by Candid.

    Mentioned in this Article

    References

    1. Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed September 1, 2019, Part I, Line 25.
    2. “Home” David B. Gold Foundation. http://www.goldfoundation.org/default.htm
    3. “Grants Awarded” http://www.goldfoundation.org/grants_awarded/grants_awarded.htm
    4. “Our Services” Kerrie Blevins Consulting. http://kerrieblevinsconsulting.com/ourservices/
    5. Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed September 1, 2019, Part VIII, Line 3.
    6. Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed September 1, 2019, Part XV, Lines 1-27.
    7. Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed September 1, 2019, Part XV, Line 3.