Canning Foundation
- Assets
- $15.4m
- Revenue
- $8.3m
- Investments
- $14.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 36-3913323
Organization Overview
Canning Foundation is located in Chicago, IL. The organization was established in 1994. 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. Canning 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 12/2023, Canning Foundation generated $8.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $7.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Canning Foundation has awarded 390 individual grants totaling $23,753,092. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Canning Jr Co-President/director | 0 | $0 | |
Rita J Canning Co-President/director | 0 | $0 | |
Sharon J Kulak Sec/director | 0 | $0 | |
Elizabeth Canning Lupo Director | 0 | $0 | |
John F Podjasek III Director | 0 | $0 | |
Robert J Quinn Exec Vp/treasurer/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,365,690 |
| Interest on Savings | $5,499 |
| Dividends & Interest | $642,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $319,093 |
| Capital Gain Net Income | $319,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,332,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,318 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $136,819 |
| Contributions, gifts, grants paid | $7,326,939 |
| Total expenses and disbursements | $7,463,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $837,746 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,446,196 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Canning Foundation has awarded $7,326,939 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
GATEWAY FOR CANCER RESEARCH PURPOSE: TO FURTHER PROGRAM SERVICES | $5,000 |
GREAT LAKES & ST LAWRENCE CITIES INITIATIVE PURPOSE: TO FURTHER PROGRAM SERVICES | $5,000 |
HARPER COLLEGE EDUCATIONAL FOUNDATION PURPOSE: TO FURTHER PROGRAM SERVICES | $97,700 |
HAYMARKET CENTER PURPOSE: TO FURTHER PROGRAM SERVICES | $5,000 |
HOPE EDUCATION AND OUTREACH OF ST SABINA PURPOSE: TO FURTHER PROGRAM SERVICES | $100,000 |
HOLY FAMILY CATHOLIC COMMUNITY PURPOSE: TO FURTHER PROGRAM SERVICES | $25,000 |