Equity Residential Foundation
- Assets
- $3.0m
- Revenue
- $93.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 36-4478772
Organization Overview
Equity Residential Foundation is located in Chicago, IL. The organization was established in 2001. 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. Equity Residential 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, Equity Residential Foundation generated $93.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $147.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Equity Residential Foundation has awarded 121 individual grants totaling $1,626,777. 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
2022
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 |
|---|---|---|---|
Scott J Fenster Director | 1 | $0 | |
Claudio O Moreno VP / Treasurer | 1 | $0 | |
Mark J Parrell President/director | 1 | $0 | |
Marty Mckenna Vice President | 1 | $0 | |
Robert Garechana Director | 1 | $0 | |
Michael Gast Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,157 |
| Capital Gain Net Income | $15,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47 |
| Total operating and administrative expenses | $39,026 |
| Contributions, gifts, grants paid | $108,500 |
| Total expenses and disbursements | $147,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,549 |
| 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 | $2,493,398 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,221 |
| Total assets | $3,043,967 |
| 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, Equity Residential Foundation has awarded $108,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: CONTRIBUTION TO SUPPORT PEOPLE IMPACTED BY THE WILDFIRES | $1,000 |
NORTHWESTERN UNIVERSITY PURPOSE: CONTRIBUTION TO SUPPORT CANCER RESEARCH | $5,000 |
MICHAEL J FOX FOUNDATION FOR PARKINSON'S RESEARCH PURPOSE: CONTRIBUTION TO SUPPORT RESEARCH DEDICATED TO FINDING A CURE FOR PARKINSON'S DISEASE | $5,000 |
UNIVERSITY OF TEXAS FOUNDATION PURPOSE: CONTRIBUTION TO SUPPORT EDUCATION ADVANCEMENT AND THE UNIVERSITY'S IMPROVEMENT OF RESEARCH, TEACHING, SCHOLARSHIP PROGRAMS, FACULTIES AND FACILITIES. | $5,000 |
ASCEND FOUNDATION INC PURPOSE: CONTRIBUTION TO SUPPORT AN ORGANIZATION WHOSE MISSION IS TO ADVOCATE, ENABLE AND ASSIST PAN-ASIAN IN NORTH AMERICA TO BECOME THE LEADERS OF TODAY AND TOMORROW | $10,000 |
NAREIT FOUNDATION PURPOSE: CONTRIBUTION TO SUPPORT THE CHARITABLE AND EDUCATIONAL ORGANIZATIONS AND INITIATIVES THAT WILL HELP CREATE A MORE DIVERSE, EQUITABLE, AND INCLUSIVE REIT AND PUBLICLY TRADED REAL ESTATE INDUSTRY | $50,000 |