John D & Catherine T Macarthur Foundation
- Assets
- $9.5b
- Revenue
- $781.3m
- Investments
- $7.3b
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1971
- Data as of
- 12/2021
- EIN
- 23-7093598
Organization Overview
John D & Catherine T Macarthur Foundation is located in Chicago, IL. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John D & Catherine T Macarthur 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, John D & Catherine T Macarthur Foundation generated $781.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $559.6m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John D & Catherine T Macarthur Foundation has awarded 20,882 individual grants totaling $5,787,171,882. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
(SEE STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Senior VP / Chief Operating Officer | 50 | $573,882 | |
Name Not Listed VP / Chief Investment Officer | 50 | $2,250,371 | |
Name Not Listed VP / General Counsel / Secretary | 50 | $651,132 | |
Name Not Listed Director / President | 50 | $1,010,877 | |
Name Not Listed Director And Board Chair Until June | 7 | $16,750 | |
Name Not Listed Director | 4.5 | $28,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Opinion Research Center | 12/30/22 | $1,087,238 |
Limered Studio Inc | 12/30/22 | $1,060,306 |
Grassroots Solutions Inc | 12/30/22 | $947,483 |
Encompass Llc | 12/30/22 | $920,762 |
Mindtree Limited | 12/30/22 | $860,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $204,412 |
| Dividends & Interest | $5,291,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $383,416,525 |
| Capital Gain Net Income | $476,803,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $392,383,146 |
| Total Revenue | $781,295,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,236,966 |
| Other employee salaries and wages | $29,013,483 |
| Pension plans, employee benefits | $10,973,587 |
| Interest | $3,310,228 |
| Taxes | $402,881 |
| Depreciation | $2,996,134 |
| Occupancy | $1,658,312 |
| Travel, conferences, and meetings | $390,548 |
| Printing and publications | $63,336 |
| Other expenses | $15,463,419 |
| Total operating and administrative expenses | $80,881,350 |
| Contributions, gifts, grants paid | $478,728,235 |
| Total expenses and disbursements | $559,609,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,127,149 |
| Savings and temporary cash investments | $1,837,120,682 |
| Net Accounts receivable | $1,255,564 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,285,807 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,405,596 |
| Net Investments - land, buildings, equipment | $2,595,393 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,573,816,396 |
| Net Land, buildings, and equipment | $15,241,309 |
| Other assets | $190,734,133 |
| Total assets | $9,462,296,474 |
| Accounts payable and accrued expenses | $16,484,338 |
| Grants payable | $479,114,608 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $45,555,970 |
| Other liabilities | $215,595,021 |
| Total liabilities | $756,749,937 |
Grants Awarded
Over the last fiscal year, John D & Catherine T Macarthur Foundation has awarded $457,324,485 in support to 1,772 organizations.
| Grant Recipient | Amount |
|---|---|
100REPORTERS PURPOSE: IN SUPPORT OF THE DOUBLE EXPOSURE INVESTIGATIVE FILM FESTIVAL AND SYMPOSIUM | $100,000 |
3ARTS INC PURPOSE: IN SUPPORT OF GENERAL OPERATIONS | $23,250 |
826 VALENCIA PURPOSE: IN SUPPORT OF GENERAL OPERATIONS | $9,000 |
A HOUSE IN AUSTIN NFP PURPOSE: IN SUPPORT OF GENERAL OPERATIONS | $480 |
A TO Z LITERACY MOVEMENT PURPOSE: IN SUPPORT OF GENERAL OPERATIONS | $150 |
AAMPA AFRICAN AMERICAN MUSEUM OF THE PERFORMING ARTS INC PURPOSE: TO ENGAGE CONSULTANTS TO ESTABLISH A NEW CULTURAL CENTER ON THE SOUTH SIDE OF CHICAGO | $50,000 |