Idp Foundation Inc
- Assets
- $52.8m
- Revenue
- $1.7m
- Investments
- $48.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-2753703
Organization Overview
Idp Foundation Inc is located in Chicago, IL. The organization was established in 2008. 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. Idp Foundation Inc 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 12/2023, Idp Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Idp Foundation Inc has awarded 66 individual grants totaling $14,931,654. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IDP RISING SCHOOLS PROGRAM, LAUNCHED IN 2009 IN GHANA TO BOOST THE DEVELOPMENT OF EXISTING LOW-COST PRIVATE SCHOOLS BY PROVIDING FINANCIAL LITERACY AND SCHOOL MGMNT. TRAINING.
THE IDP RISING SCHOOLS PROGRAM, LAUNCHED IN 2009 IN GHANA TO BOOST THE DEVELOPMENT OF EXISTING LOW-COST PRIVATE SCHOOLS BY PROVIDING FINANCIAL LITERACY AND SCHOOL MGMNT. TRAINING.
(ACTIVITY 1 CONT.) TO DATE THE PROGRAM HAS PROVIDED TRAINING TO OVER 900 SCHOOL PROPRIETORS, IMPACTED 190,000 STUDENTS, AND DISBURSED 700 LOANS WITH A 98% REPAYMENT RATE.
(ACTIVITY 1 CONT.) TO DATE THE PROGRAM HAS PROVIDED TRAINING TO OVER 900 SCHOOL PROPRIETORS, IMPACTED 190,000 STUDENTS, AND DISBURSED 700 LOANS WITH A 98% REPAYMENT RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene D Pritzker Chair And Co-Founder | 40 | $30,000 | |
Donna D Scali Treasurer | 1 | $0 | |
Robert Wexler Secretary | 0.25 | $0 | |
Alison A Ehlke Assistant Secretary And C.o.o. | 40 | $191,273 | |
Liesel Pritzker Simmons Vice Chair And Co-Founder | 0.25 | $0 | |
Corina Gardner C.e.o. And Director | 40 | $209,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/22 | $263,392 |
Scali & Associates Pc | 12/30/22 | $106,488 |
Adler & Colvin | 12/30/22 | $53,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74 |
| Dividends & Interest | $1,014,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $678,359 |
| Capital Gain Net Income | $925,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,576 |
| Total Revenue | $1,696,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $430,793 |
| Other employee salaries and wages | $205,284 |
| Pension plans, employee benefits | $191,714 |
| Interest | $0 |
| Taxes | $64,751 |
| Depreciation | $19,348 |
| Occupancy | $75,125 |
| Travel, conferences, and meetings | $55,628 |
| Printing and publications | $543 |
| Other expenses | $589,854 |
| Total operating and administrative expenses | $2,481,153 |
| Contributions, gifts, grants paid | $844,903 |
| Total expenses and disbursements | $3,326,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424 |
| Savings and temporary cash investments | $772,356 |
| Net Accounts receivable | $39 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,064,434 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$3,282 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,482,087 |
| Net Land, buildings, and equipment | $69,794 |
| Other assets | $7,500 |
| Total assets | $52,845,318 |
| Accounts payable and accrued expenses | $22,218 |
| 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 | $22,218 |
Grants Awarded
Over the last fiscal year, Idp Foundation Inc has awarded $844,903 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DIGNITAS LIMITED PURPOSE: THE IDPF GRANT ALLOWS DIGNITAS TO CURATE AND DELIVER TRAINING TO LOW FEE PRIVATE SCHOOL CLIENTS OF IDPF PARTNER IN KENYA, PREMIER CREDIT. | $218,303 |
ABSOLUTE RETURN FOR KIDS PURPOSE: TO CO-DESIGN AND CONDUCT A RESEARCH STUDY EXPLORING THE FACTORS ASSOCIATED WITH LEARNING IN GHANAIAN GOVERNMENT AND PRIVATE SCHOOLS. | $40,000 |
CUTS ACCRA PURPOSE: A GRANT TO FUND A DISCOVERY PHASE AS A LEARNING OPPORTUNITY FOR BOTH IDPF AND CUTS TO INFORM CUTS' ROLE IN CONTRIBUTING TO ADVOCACY FOR THE AFFORDABLE NON-STATE SCHOOL SECTOR IN GHANA AND BEYOND. | $7,500 |
GLOBAL SCHOOLS FORUM PURPOSE: TO SUPPORT AND REPRESENT NON-STATE OPERATORS IN LOW- AND MIDDLE-INCOME COUNTRIES, SO THEY ARE BETTER ABLE TO DELIVER QUALITY EDUCATION TO CHILDREN FROM LOW INCOME FAMILIES. | $236,600 |
GHANA NATIONAL ASSOC OF PRIVATE SCHOOLS PURPOSE: A GRANT TO FUND A DISCOVERY PHASE TO REVAMP THE INTERNAL STRUCTURES OF GNAPS AND STRENGTHEN IT FOR GREATER ADVOCACY FOR THE LOW-FEE PRIVATE SCHOOL SECTOR. | $30,000 |
NORTHWESTERN UNIVERSITY PURPOSE: TO SUPPORT A VARIETY OF MEDICAL RESEARCH. | $200,000 |