Crown Family Foundation
- Assets
- $468.7m
- Revenue
- $19.0m
- Investments
- $2.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 36-3330462
Organization Overview
Crown Family Foundation is located in Chicago, IL. The organization was established in 1985. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Crown Family 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 06/2021, Crown Family Foundation generated $19.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $19.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Crown Family Foundation has awarded 276 individual grants totaling $228,832,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND CARRY OUT THE EXEMPT PURPOSES OF THE JEWISH FEDERATION OF METROPOLITAN CHICAGO AND THE JEWISH UNITED FUND OF METROPOLITAN CHICAGO BY SUCH MEANS AS THE BOARD OF DIRECTORS OF THE ORGANIZATIONS MAY DETERMINE. THIS IS ACCOMPLISHED BY PROVIDING GRANTS TO CHARITABLE RELIGIOUS, EDUCATIONAL & SCIENTIFIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE GRANTS TO ORGANIZATIONS WHICH ARE EXEMPT UNDER SECTION 501(C)(3) UNDER THE INTERNAL REVENUE CODE. ALL ORGANIZATIONS TO WHICH GRANTS WERE MADE MEET THE CRITERIA UNDER WHICH THE FOUNDATION, THE JEWISH UNITED FUND OF METROPOLITAN CHICAGO, AND THE JEWISH FEDERATION OF METROPOLITAN CHICAGO WERE ESTABLISHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sherman Vice President | OfficerTrustee | 0.3 | $0 |
Charles H Goodman Treasurer | OfficerTrustee | 0.3 | $0 |
Lester Crown Vice President | OfficerTrustee | 0.3 | $0 |
David T Brown Vice President | OfficerTrustee | 0.3 | $0 |
Steven B Nasatir Vice President | OfficerTrustee | 0.3 | $0 |
A Steven Crown Vice President & Asst. Secy | OfficerTrustee | 0.3 | $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 | $1,003,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,580 |
| Total Program Service Revenue | $0 |
| Investment income | $3,292,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,696,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,005,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,410,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $60,458 |
| Total functional expenses | $19,483,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,252,190 |
| 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 | $458,191,912 |
| Investments—other securities | $2,199,999 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,461 |
| Total assets | $468,729,562 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,030,000 |
| 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 | $15,030,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $453,699,562 |
| Total liabilities and net assets/fund balances | $468,729,562 |
Grants Awarded
Over the last fiscal year, Crown Family Foundation has awarded $19,392,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Bridge Tech Program, Wastewater management in the community of Um Batim, Adapting teaching programs for online deliver, Laptops and wifi for at-risk students, Negev Trailblazers for Bedouin, @Net program in Ramle, BGU/BU collaboration researching the blood brain barrier, Four youth at-risk schools, Family Plus, STEM program at the new school, The Leap for Industry and Excellence programs on Johanna Jabotinsky Youth Village, General Operating Support, Summer Camps in FSU, Start-Up Your Career, Youth Futures for Respite and Therapy for 110 Staff Mentors, Israel Action Network, Youth Village internet infrastructure improvements, Hot Meal Program, Project Leket/Food Rescue, Lotus code training program for Druze women, Post-Trauma Training, Covid-19 response, Support following Guardian of the Walls, FURSA, Translational Stem Cell Research, Training and mentoring high schoolers, Research on Eastern Mediterranean Sea Basin, General Operating Support | $8,080,000 |
New York, NY PURPOSE: General Operating Support | $5,260,000 |
New York, NY PURPOSE: Marcus Blood Center | $1,250,000 |
New York, NY PURPOSE: Arab Education Collaborative | $495,000 |
Northbrook, IL PURPOSE: General Operating Support | $400,000 |
Washington, DC PURPOSE: Support of the Lower Jordan River Valley Master Plan | $350,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Crown Family Foundation has recieved totaling $20,000,001.
| Awarding Organization | Amount |
|---|---|
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $19,008,295 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $484,722 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $368,241 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $138,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Indiana Association Of United Ways Incorporated Indianapolis, IN | $11,631,864 | $18,149,199 |
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |
Christian Community Health Center Chicago, IL | $24,875,996 | $21,223,346 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |