Kirkland & Ellis Foundation
- Assets
- $13.8m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1982
- Data as of
- 12/2022
- EIN
- 36-3160355
Organization Overview
Kirkland & Ellis Foundation is located in Chicago, IL. The organization was established in 1982. 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. Kirkland & Ellis 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, Kirkland & Ellis Foundation generated $17.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $14.8m during the year ending 12/2022. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FINANCIAL SUPPORT TO NON-FOR-PROFIT CHARITABLE ORGANIZATIONS EXEMPT FROM TAX UNDER SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KIRKLAND & ELLIS FOUNDATION PROVIDES FINANCIAL SUPPORT TO OTHER ORGANIZATIONS THAT ARE EXEMPT UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Handler Director | Trustee | 0 | $0 |
Mikaal Shoaib Director | Trustee | 0 | $0 |
Seth D Traxler Director | Trustee | 0 | $0 |
Jennifer Levy Secretary/treasurer | OfficerTrustee | 0 | $0 |
Jai Agrawal Director | Trustee | 0 | $0 |
Jason Kanner Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,809,749 |
| Noncash contributions included in lines 1a–1f | $2,959,412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,809,749 |
| Total Program Service Revenue | $0 |
| Investment income | $92,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,916,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,736,769 |
| Grants and other assistance to domestic individuals. | $41,711 |
| 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 | $15 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,778,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943,735 |
| Savings and temporary cash investments | $12,821,693 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,765,428 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,546,213 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,546,213 |
| Net assets without donor restrictions | $2,376,441 |
| Net assets with donor restrictions | $9,842,774 |
| 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 | $13,765,428 |
Grants Awarded
Over the last fiscal year, Kirkland & Ellis Foundation has awarded $10,784,821 in support to 341 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA SCORES PURPOSE: General Support | $10,000 |
ADVOCATES FOR CHILDREN OF NEW YORK PURPOSE: General Support | $10,000 |
AMERICA NEEDS YOU PURPOSE: General Support | $6,667 |
A MILTON MILLER MEMORIAL FUND INC PURPOSE: General Support | $18,376 |
AMERICAN CANCER SOCIETY INC PURPOSE: General Support | $9,003 |
AMERICAN BAR ASSOCIATION FUND FOR JUSTICE AND EDUC PURPOSE: General Support | $30,000 |