Allstate Foundation
- Assets
- $77.9m
- Revenue
- $1.4m
- Investments
- $74.9m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 05/1954
- Data as of
- 12/2023
- EIN
- 36-6116535
Organization Overview
Allstate Foundation is located in Northbrook, IL. The organization was established in 1954. 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. Allstate 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, Allstate Foundation generated $1.4m 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 (59.6%) each year. All expenses for the organization totaled $37.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Allstate Foundation has awarded 6,733 individual grants totaling $106,353,062. 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
YOUTH EMPOWERMENT - THE ALLSTATE FOUNDATION EMPOWERS YOUNG PEOPLE AND THOSE THAT GUIDE AND TEACH WITH SKILLS AND CONFIDENCE TO SUCCEED IN SCHOOL, THE WORKPLACE AND BEYOND.
RELATIONSHIP ABUSE - FROM FINANCIAL EMPOWERMENT CURRICULUM TO NONPROFIT SUPPORT, THE ALLSTATE FOUNDATION HAS MADE A REAL IMPACT ON THOSE WHO HAVE EXPERIENCED RELATIONSHIP VIOLENCE AND FINANCIAL ABUSE.
COMMUNITY LEADERSHIP/HELPING HANDS - HELPING HANDS ENHANCES THE IMPACT OF ALLSTATE AGENCY OWNERS AND EMPLOYEES' PASSION FOR VOLUNTEERING BY FINANCIALLY SUPPORTING THE CAUSES AND ORGANIZATIONS THEY CARE ABOUT MOST.
RACIAL EQUITY - THE ALLSTATE FOUNDATION CONTINUES A LONG LEGACY OF SOCIAL PROGRESSION TO CLOSE THE RACIAL OPPORTUNITY GAP BY CREATING PATHWAYS TO THRIVING WAGE CAREERS FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wilson Chairman And President | 0.5 | $0 | |
Elizabeth Brady VP And Secretary | 0.5 | $0 | |
Alexandra Band VP And Treasurer | 0.5 | $0 | |
John Dugenske VP And Cio | 0.5 | $0 | |
Carol Lundahl VP And Asst Treasurer | 0.5 | $0 | |
Joseph Washburn VP And Asst Treasurer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Time Llc | 12/30/23 | $750,000 |
Vox Media Llc | 12/30/23 | $390,000 |
Public Good Software Inc | 12/30/23 | $200,000 |
Linkedin Corporation | 12/30/23 | $119,301 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $516 |
| Dividends & Interest | $1,378,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,313 |
| Capital Gain Net Income | $8,123,568 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$34,480 |
| Total Revenue | $1,423,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $138,337 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $167,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,686,212 |
| Total operating and administrative expenses | $3,096,657 |
| Contributions, gifts, grants paid | $34,845,720 |
| Total expenses and disbursements | $37,942,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,593 |
| Savings and temporary cash investments | $2,651,500 |
| 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 | $5,910,410 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $232,848 |
| Total assets | $77,865,078 |
| Accounts payable and accrued expenses | $83,959 |
| Grants payable | $1,054,766 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $138 |
| Total liabilities | $1,138,863 |
Grants Awarded
Over the last fiscal year, Allstate Foundation has awarded $34,812,089 in support to 2,163 organizations.
| Grant Recipient | Amount |
|---|---|
29 11 INC PURPOSE: AGENT - INDIVIDUAL HH GRANT | $1,000 |
29 11 INC PURPOSE: HELPING HANDS GROUP GRANTS GRANT | $5,000 |
3ARTS INC PURPOSE: AUGUST DAY OF SERVICE | $5,000 |
4 PAWS FOR ABILITY INC PURPOSE: EMPLOYEE HELPING HANDS GRANT | $1,000 |
61103-OPTIMIST CLUB OF COOPER CITY PURPOSE: AGENT - INDIVIDUAL HH GRANT | $1,000 |
A LEG FOREVER PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |