Zell Family Foundation
- Assets
- $244.8m
- Revenue
- $8.7m
- Investments
- $101.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 36-3487811
Organization Overview
Zell 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. Zell 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 12/2022, Zell Family Foundation generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $18.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zell Family Foundation has awarded 289 individual grants totaling $177,480,721. 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
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen H Zell Executive Director/ V.P. | 1 | $0 | |
Samuel Zell President | 1 | $0 | |
Kellie Zell Vice President | 1 | $0 | |
Matthew M Zell Vice President | 1 | $0 | |
Joann L Zell Vice President | 1 | $0 | |
Philip Tinkler Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levin & Schreder & Carey Ltd | 12/30/20 | $56,578 |
Chai Trust Company Llc | 12/30/20 | $85,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,693,217 |
| Interest on Savings | $1,087,921 |
| Dividends & Interest | $2,094,121 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,857,254 |
| Capital Gain Net Income | $4,454,052 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,732,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $449,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,500 |
| Other expenses | $791 |
| Total operating and administrative expenses | $575,008 |
| Contributions, gifts, grants paid | $17,434,488 |
| Total expenses and disbursements | $18,009,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,184 |
| Savings and temporary cash investments | $6,932,137 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $27,117,709 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $109,539,706 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $22,344,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $244,754,492 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $196,364,992 |
| 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 | $196,364,992 |
Grants Awarded
Over the last fiscal year, Zell Family Foundation has awarded $82,811,604 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
ZELL ENTREPRENEURSHIP FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000,000 |
WINDOW TO THE WORLD COMMUNICATIONS (WTTW & WFMT) PURPOSE: GENERAL SUPPORT | $60,000 |
YOUNG CHICAGO AUTHORS PURPOSE: GENERAL SUPPORT | $125,000 |
URBAN GATEWAYS PURPOSE: GENERAL SUPPORT | $69,404 |
UNIVERSITY OF MICHIGAN LAW PURPOSE: GENERAL SUPPORT - ENTREPRENEURSHIP CLINIC | $650,000 |
UNIVERSITY OF MICHIGAN HILLEL PURPOSE: GENERAL SUPPORT | $10,000 |