Grant-Hamill Foundation Inc

The Grant-Hamill Foundation Inc. is a 501(c)(3) nonprofit organization based in Indianapolis, Indiana. It primarily supports and oversees the activities of Indiana DeMolay, a youth fraternal organization. The foundation also operates the Indiana DeMolay Hamill-Hoage Chateau in Bloomington, Indiana, which serves as a facility for various organizational activities[2][4].

Purpose and Activities

The foundation is involved in philanthropy and grantmaking, focusing on the support and supervision of Indiana DeMolay chapters and statewide youth fraternal organization activities. Its purpose aligns with the broader objectives of DeMolay International, which emphasizes character development, community service, and leadership among young men[4].

Financial Overview

The Grant-Hamill Foundation generates revenue through contributions, program services, investment income, and sales of assets. In past years, investment income has been a significant source of revenue, often surpassing contributions and program services[1]. The foundation maintains substantial total assets, with no total liabilities reported[1].

Governance

The foundation is managed by a board of directors that includes several key officers:

• President: William Sassman
• First Vice President: Troy Hawkins
• Second Vice President: Joe Hoage
• Secretary: Rodney Ira
• Treasurer: Gregory Jordan
• Additional members include Robert Elrod, James Chesney, Mike Klepper, John Bridegroom, and ex-officio members MW Gary B. Brinley and Eric Vermeulen[2].

Evaluation

Grant-Hamill Foundation Inc. has received a rating of 2/4 stars on Charity Navigator, a platform that evaluates charities based on financial health, accountability, and transparency[5].

Tax Status

Donations to the foundation are tax-deductible, as it is classified under a 501(c)(3) exemption for philanthropic purposes[1].