Mather Foundation
- Assets
- $740.8m
- Revenue
- $59.9m
- Investments
- $281.0m
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-1030638
Organization Overview
Mather Foundation is located in Evanston, IL. The organization was established in 2004. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mather Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mather Foundation generated $59.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $64.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MATHER FOUNDATION SERVES AS THE PARENT ENTITY FOR THE MATHER ORGANIZATIONS (CONTINUED ON SCHEDULE O) TO HOLD, INVEST AND PRESERVE FUNDS, AND APPLY THEM FOR THE CHARITABLE MISSION OF CREATING WAYS TO AGE WELL.
Describe the Organization's Program Activity:
MATHER FOUNDATION SERVES AS THE PARENT ENTITY FOR THE MATHER ORGANIZATIONS TO HOLD, INVEST AND PRESERVE FUNDS, WHICH ALLOWS THE ORGANIZATIONS TO PROVIDE HOUSING, HEALTH CARE, COMMUNITY PROGRAMS, RESEARCH AND EDUCATION AND OTHER SERVICES THAT ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary G Leary President & CEO | OfficerTrustee | 10 | $0 |
Julie Riggs Secretary | Officer | 5 | $0 |
Carol L Sussenbach CFO | Officer | 15 | $0 |
Christopher Manella SVP Finance; Treasurer | Officer | 2 | $0 |
John R Phillips Chairman | Trustee | 4 | $0 |
Paulette R Dodson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investment Management Invest Consultant | 12/30/21 | $723,039 |
Aristotle Capital Mgmt Llc Fund Manager | 12/30/21 | $303,623 |
Sands Capital Management Llc Fund Manager | 12/30/21 | $620,515 |
Silchester Fund Manager | 12/30/21 | $351,087 |
Mcdermott Will & Emery Llp Legal | 12/30/21 | $594,366 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,511,460 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,511,460 |
| Total Program Service Revenue | $0 |
| Investment income | $6,633,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,721,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,866,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,567,935 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,515,886 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $875,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $64,731,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,884,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,845,762 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $305,456,015 |
| Investments—other securities | $280,959,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,622,117 |
| Total assets | $740,767,702 |
| Accounts payable and accrued expenses | $1,375,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $98,578,046 |
| Other liabilities | $2,392,299 |
| Total liabilities | $102,346,087 |
| Net assets without donor restrictions | $592,238,940 |
| Net assets with donor restrictions | $46,182,675 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $740,767,702 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mather Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Apmpff Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $43,408,135 |
| Earnings | $3,754,975 |
| Admin Expense | $197,974 |
| Other Expense | $1,971,000 |
| Ending Balance | $44,994,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical College Of Wisconson Affiliated Hospitals Inc Milwaukee, WI | $6,525,600 | $83,100,377 |
Mather Foundation Evanston, IL | $740,767,702 | $59,866,357 |
JCAHO Surveyor & QHR Consultant Corp Oakbrook Terrace, IL | $0 | $56,337,332 |
Ascension Via Christi Health Partners Inc St Louis, MO | $49,075,862 | $30,751,147 |
Jewish Heritage Fund For Excellence Inc Louisville, KY | $316,702,876 | $24,452,384 |
Hospital Sisters Services Inc Springfield, IL | $27,796,605 | $8,284,892 |
Damien Cares Indianapolis, IN | $4,720,848 | $9,296,684 |
T J Regional Health Inc Glasgow, KY | $461,603 | $6,239,521 |
Ascension Via Christi Property Services Inc St Louis, MO | $48,442,586 | $6,830,213 |
Skaggs Foundation Branson, MO | $49,386,738 | $7,551,223 |
Central Iowa Health Properties Corporation Des Moines, IA | $56,150,433 | $5,306,089 |
Otto Schoitz Foundation Waterloo, IA | $68,331,413 | $12,915,755 |