Steans Family Foundation is located in Chicago, IL. The organization was established in 1987. 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. Steans 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 12/2020, Steans Family Foundation generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $16.9m during the year ending 12/2020. While expenses have increased by 15.6% 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 2016, Steans Family Foundation has awarded 20 individual grants totaling $58,224,171. 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.
Mission & Program ActivityExcerpts From the 990PF Filing
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING AND PROGRAMS INTENDED TO REVITALIZE THE NORTH LAWNDALE NEIGHBORHOOD ON CHICAGO'S WEST SIDE
|Statement of Revenue|
|Contributions, Gifts, Grants & Similar||$7,763,408|
|Interest on Savings||$140,412|
|Dividends & Interest||$8,115,070|
|Profit on Inventory Sales||$0|
|Statement of Expenses|
|Compensation of officers, directors, trustees, etc||$0|
|Pension plans, employee benefits||$274,289|
|Travel, conferences, and meetings||$3,415|
|Printing and publications||$0|
|Total operating and administrative expenses||$5,772,672|
|Contributions, gifts, grants paid||$11,162,806|
|Total expenses and disbursements||$16,935,478|
|Mortgages and other notes payable||$0|
Over the last fiscal year, Steans Family Foundation has awarded $14,399,164 in support to 2 organizations.
GRANTS- SEE ATTACHED LIST
PURPOSE: GENERAL SUPPORT
PURPOSE: GENERAL SUPPORT
Over the last fiscal year, we have identified 1 grants that Steans Family Foundation has recieved totaling $1,000,000.
Bauer Foundation Inc
New Canaan, CT
PURPOSE: OPERATIONAL SUPPORT: NORTH LAWNDALE AND NORTH CHICAGO COMMUNITIES
North Chicago, IL
Hall Family Foundation
Kansas City, MO
Circle Of Service Foundation
William R Kenan Jr Charitable Trust
Polk Bros Foundation Inc
Trott Family Foundation
Anthem Foundation Inc
U S Bancorp Foundation