Knight Family Foundation
- Assets
- $9.0m
- Revenue
- $854.3k
- Investments
- $8.8m
- Employees
- 0
- Location
- Po Box Chica, IL
- Founding
- 08/1999
- Data as of
- 03/2024
- EIN
- 36-4265122
Organization Overview
Knight Family Foundation is located in Po Box Chica, IL. The organization was established in 1999. 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. Knight 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 03/2024, Knight Family Foundation generated $854.3k 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 (3.7%) each year. All expenses for the organization totaled $961.8k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Knight Family Foundation has awarded 43 individual grants totaling $3,480,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary K Knight Secretary / Director | 1 | $0 | |
Robert Knight III Treasurer / Director | 1 | $0 | |
Andrew M Knight President / Director | 1 | $0 | |
Robert T Gratzer VP / Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $447,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $406,922 |
| Capital Gain Net Income | $406,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $854,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,732 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $106,774 |
| Contributions, gifts, grants paid | $855,000 |
| Total expenses and disbursements | $961,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $182,011 |
| 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 | $233,322 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,977,571 |
| 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, Knight Family Foundation has awarded $855,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KNOX COLLEGE PURPOSE: GENERAL | $35,000 |
NORTHWESTERN MEMORIAL PURPOSE: GENERAL | $100,000 |
HOWARD BROWN HEALTH PURPOSE: GENERAL | $140,000 |
COMMUNITY HEALTH CHICAGO PURPOSE: GENERAL | $25,000 |
SAUGATUCK CENTER FOR THE ARTS PURPOSE: GENERAL | $100,000 |
ERIKA'S LIGHTHOUSE PURPOSE: GENERAL | $25,000 |