The Chicago Community Trust
- Assets
- $4.8b
- Revenue
- $2.0b
- Investments
- $442.5m
- Employees
- 143
- Location
- Chicago, IL
- Founding
- 06/1951
- Data as of
- 09/2021
- EIN
- 36-2167000
Organization Overview
The Chicago Community Trust is located in Chicago, IL. The organization was established in 1951. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Chicago Community Trust employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Community Trust 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 09/2021, Chicago Community Trust generated $2.0b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $1.4b during the year ending 09/2021. While expenses have increased by 35.5% per year over the past 6 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 2017, Chicago Community Trust has awarded 13,370 individual grants totaling $2,922,768,652. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES GRANTS AND OTHER RESOURCES TO IMPROVE THE COMMUNITY; ADDRESSES COMMUNITY CHALLENGES; AND PROMOTES PHILANTHROPY BY INFORMING DONORS ABOUT PHILANTHROPIC OPPORTUNITIES.
Describe the Organization's Program Activity:
SEE SCHEDULE F AND SCHEDULE I FOR LIST OF GRANTS MADE. SEE SCHEDULE O FOR MOST SIGNIFICANT PROGRAM ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene Gayle President & CEO | Officer | 39 | $601,262 |
Jessica Strausbaugh Chief Financial Officer | Officer | 35 | $279,868 |
Andrea Saenz Chief Operating Officer | Officer | 40 | $275,869 |
Peggy Davis VP Community Impact | Officer | 40 | $263,042 |
Jason Baxendale VP Philanthropic Services | Officer | 36 | $254,875 |
Thomas L Irvine VP Information Technology | Officer | 40 | $241,316 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust Advisory Services | 9/29/21 | $799,052 |
Exponent Partners Consulting Services | 9/29/21 | $414,285 |
Rightpoint Consulting Llc Consulting Services | 9/29/21 | $276,300 |
Rudd Resources Llc Consulting Services | 9/29/21 | $319,399 |
Clarity Partners Llc Consulting Services | 9/29/21 | $328,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,746,093 |
| Government grants | $11,110,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,775,609,751 |
| Noncash contributions included in lines 1a–1f | $1,571,195,018 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,795,465,844 |
| Total Program Service Revenue | $0 |
| Investment income | $53,659,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,001 |
| Net Gain/Loss on Asset Sales | $155,041,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,005,272,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,370,934,913 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $109,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,272,405 |
| Compensation of current officers, directors, key employees. | $1,074,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,019,327 |
| Pension plan accruals and contributions | $641,731 |
| Other employee benefits | $736,303 |
| Payroll taxes | $635,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,774 |
| Fees for services: Accounting | $174,833 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,631,081 |
| Fees for services: Other | $1,959,380 |
| Advertising and promotion | $90,029 |
| Office expenses | $596,124 |
| Information technology | $1,156,025 |
| Royalties | $0 |
| Occupancy | $2,224,301 |
| Travel | $14,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,174 |
| Insurance | $133,601 |
| All other expenses | $187,594 |
| Total functional expenses | $1,406,260,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,187 |
| Savings and temporary cash investments | $19,454,025 |
| Pledges and grants receivable | $3,561,394 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,214,625 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $411,354 |
| Investments—publicly traded securities | $3,823,351,009 |
| Investments—other securities | $442,535,586 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,390,380 |
| Total assets | $4,777,238,560 |
| Accounts payable and accrued expenses | $4,653,003 |
| Grants payable | $34,937,306 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,901,700 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $307,866 |
| Total liabilities | $49,799,875 |
| Net assets without donor restrictions | $4,334,073,422 |
| Net assets with donor restrictions | $393,365,263 |
| 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 | $4,777,238,560 |
Grants Awarded
Over the last fiscal year, The Chicago Community Trust has awarded $1,367,045,095 in support to 3,334 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: TO SUPPORT FOOD BANK | $25,000,000 |
Bowie, MD PURPOSE: GENERAL OPERATING SUPPORT | $25,000,000 |
Chicago, IL PURPOSE: TO SUPPORT TWO NEW NEIGHBORHOOD-BASED BUSINESS COACHES, FINANCIAL HEALTH CURRICULUM DEVELOPMENT, OUTREACH, MARKETING, NEXTSTREET, SCALE-UP-LITTLE VILLAGE PROGRAM - SPANISH VERSION, COOK COUNTY COVID-19 RECOVERY SMALL BUSINESS ASSISTANCE PROGRAM, EXPANDING MINORITY BUSINESS ACCESS PROGRAM, PGL RETIREE, SMALL BUSINESS ASSISTANCE PROGRAM MICROGRANTS, AND BERWYN DEVELOPMENT CORPORATION | $20,601,292 |
Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT | $20,001,000 |
Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000,750 |
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $20,000,250 |
Grants Recieved
Over the last fiscal year, we have identified 45 grants that The Chicago Community Trust has recieved totaling $23,862,240.
| Awarding Organization | Amount |
|---|---|
Walter E Heller Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $16,587,024 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF DRIVING ADOPTION OF STRATEGIES THAT FACILITATE ACCESS TO AND CONFIDENCE IN SAFE, EFFECTIVE VACCINATION FOR THOSE MOST SOCIOECONOMICALLY AND EPIDEMIOLOGICALLY DISADVANTAGED OR IMPACTED BY COVID-19 IN CHICAGO, IL, SPECIFICALLY LOW-WAGE BIPOC AND WOMEN WORKERS. | $1,500,000 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF DRIVING ADOPTION OF STRATEGIES THAT FACILITATE ACCESS TO AND CONFIDENCE IN SAFE, EFFECTIVE VACCINATION FOR THOSE MOST SOCIOECONOMICALLY AND EPIDEMIOLOGICALLY DISADVANTAGED OR MOST IMPACTED BY COVID-19 IN CHICAGO, IL, SPECIFICALLY LOW-WAGE BIPOC, WOMEN WORKERS, AND YOUTH. | $832,500 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: FOR THE FUND FOR SAFE AND PEACEFUL COMMUNITIES, COMMUNITY DESK CHICAGO'S NEIGHBORHOOD DEVELOPERS INITIATIVE | $730,000 |
John L Patten Trust 091261 N009-43620 Fbo Evanston Hospital A Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $638,470 |
Lolita Sheldon Armour Article Viii Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $478,942 |
Endowment Analysis
| Beg. Balance | $1,297,440,144 |
| Earnings | $292,220,030 |
| Admin Expense | $14,967,573 |
| Net Contributions | $22,503,646 |
| Grants | $33,048,630 |
| Ending Balance | $1,564,147,617 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Kansas City Community Foundation Kansas City, MO | $2,187,060,299 | $350,777,343 |
St Louis Community Foundation Incorporated St Louis, MO | $436,956,368 | $124,413,038 |
Mount Sinai Community Foundation Chicago, IL | $11,409,546 | $72,991,931 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |