Rumsfeld Foundation
- Assets
- $2.8m
- Revenue
- $1.1m
- Investments
- $2.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 26-0580915
Organization Overview
Rumsfeld Foundation is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rumsfeld 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 12/2022, Rumsfeld Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rumsfeld Foundation has awarded 261 individual grants totaling $4,025,730. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMCA FELLOWSHIP PROGRAM SEE RUMSFELDFOUNDATION.ORG FOR FURTHER INFORMATION
GRADUATE FELLOWSHIP PROGRAM SEE RUMSFELDFOUNDATION.ORG FOR FURTHER INFORMATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Di Rita Secretary And Treasurer | 0 | $0 | |
Edward G Biester Jr Director | 0 | $0 | |
Stephen A Cambone Vice President | 0 | $0 | |
Victoria Clarke President | 0 | $25,000 | |
Sarah C Tonucci Executive Director | 40 | $151,500 | |
Bridget N Sedlacek Director Of Programs | 40 | $116,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $139,600 |
| Interest on Savings | $628 |
| Dividends & Interest | $95,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $914,193 |
| Capital Gain Net Income | $1,854,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,149,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $339,392 |
| Pension plans, employee benefits | $40,629 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $71,056 |
| Travel, conferences, and meetings | $415,311 |
| Printing and publications | $85 |
| Other expenses | $33,171 |
| Total operating and administrative expenses | $1,127,326 |
| Contributions, gifts, grants paid | $727,103 |
| Total expenses and disbursements | $1,854,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,849 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,718,550 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,809,399 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rumsfeld Foundation has awarded $727,103 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOREIGN POLICY COUNCIL PURPOSE: UNRESTRICTED CHARITABLE GIFT | $487,471 |
THE INSTITUTE OF WORLD POLITICS PURPOSE: EDUCATION TUITION | $7,750 |
JOHNS HOPKINS UNIVERSITY PURPOSE: EDUCATION TUITION | $2,500 |
SYRACUSE UNIVERSITY PURPOSE: EDUCATION TUITION | $10,000 |
GEORGETOWN UNIVERSITY PURPOSE: EDUCATION TUITION | $29,500 |
MISSOURI STATE UNIVERSITY PURPOSE: EDUCATION TUITION | $4,892 |