Robert R Mccormick Foundation

Organization Overview

Robert R Mccormick Foundation, operating under the name Mccormick Foundation, is located in Chicago, IL. The organization was established in 1990. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Mccormick Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccormick 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, Mccormick Foundation generated $43.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $91.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Mccormick Foundation has awarded 610 individual grants totaling $119,000,897. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WORK WITH COMMUNITIES IN CHICAGOLAND TO DEVELOP EDUCATED AND ENGAGED CITIZENS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS (AND RELATED ADMINISTRATION) MADE TO ORGANIZATIONS IN THE FOUNDATION'S GRANT MAKING PROGRAM AREAS.


EVALUATION AND SUPPORT OF PROGRAMS IN FURTHERANCE OF THE FOUNDATION'S MISSION.


PURCHASE OF TABLES AND SPONSORSHIPS FOR OTHER CHARITABLE FUNDRAISING EVENTS. (THE FMV OF ANY BENEFITS RECEIVED WAS REPORTED SEPERATELY AS ADMINSITRATIVE EXPENSES.)


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Monticello Associates Inc
Investment Consulting Services
$600,000
Leopardo Companies Inc
Office Renovation
$805,078
Henricksen
Office Renovation
$231,985
Michigan Plaza Llc
Rent
$387,443
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$9,356,884
Investment income $15,423,029
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,684,183
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,489,096

Grants Awarded

Over the last fiscal year, Robert R Mccormick Foundation has awarded $46,177,788 in support to 239 organizations.

Grant RecipientAmount

UNITED WAY-MCCORMICK PARTNERSHIP FOR STRONG NEIGHBORHOODS INC

Org PageRecipient Profile

Chicago, IL

PURPOSE: UNITED WAY NEIGHBORHOOD NETWORKS

$5,260,000

HEARTLAND ALLIANCE FOR HUMAN NEEDS & HUMAN RIGHTS

Org PageRecipient Profile

Chicago, IL

PURPOSE: READI 2.0, READI AND READI FOR REENTRY PROGRAMS

$1,850,000

Chicago, IL

PURPOSE: PANDEMIC RESPONSE EMERGENCY FUND AND COMMUNITY HEALTH WORKER TEAM, LITTLE VILLAGE YOUTH SAFETY NETWORK, ENLACE STREET OUTREACH PROGRAM, GENERAL OPERATING SUPPORT

$1,809,500

CHICAGO COMMUNITY FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: ILLINOIS IMMIGRATION FUNDERS COLLABORATIVE, CHICAGOLAND WORKFORCE FUNDER ALLIANCE, COMMUNITIES PARTNERING FOR PEACE, NEIGHBORHOOD ENTREPRENEURSHIP LAB (NEL) ENGLEWOOD COHORT, ILLINOIS IMMIGRATION FUNDERS COLLABORATIVE (IFC), FUND FOR EQUITABLE BUSINESS GR

$1,695,000

CHICAGO COUNCIL ON GLOBAL AFFAIRS

Org PageRecipient Profile

Chicago, IL

PURPOSE: SECOND CENTURY CAMPAIGN, BLACK CHICAGO TOMORROW

$1,300,000

NATIONAL-LOUIS UNIVERSITY

Org PageRecipient Profile

Wheeling, IL

PURPOSE: BUILDING EC LEADERSHIP CAPACITY, FOR THE UNDERGRADUATE COLLEGE/PATHWAYS PROGRAM, BUILDING LEADERSHIP CAPACITY, PART II, DRIVING EQUITY IN HIGHER EDUCATION THROUGH INNOVATION AND STUDENT SUPPORT

$1,300,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Robert R Mccormick Foundation has recieved totaling $250.

Awarding OrganizationAmount
$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,005,976
Earnings$704,901
Other Expense$176,570
Ending Balance$5,534,307

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