Baskin Family Foundation
- Assets
- $8.2m
- Revenue
- $1.3m
- Investments
- $7.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1964
- Data as of
- 08/2023
- EIN
- 36-6118260
Organization Overview
Baskin Family Foundation is located in Chicago, IL. The organization was established in 1964. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Baskin 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 08/2023, Baskin Family Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.5m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Baskin Family Foundation has awarded 274 individual grants totaling $7,646,279. 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
SUPPORT OTHER CHARTIES WITHIN THE SCOPE OF THE ORGANIZATION'S GOALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $766,283 |
| Interest on Savings | $28,255 |
| Dividends & Interest | $172,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $332,904 |
| Capital Gain Net Income | $332,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,066 |
| Total Revenue | $1,287,941 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9 |
| Taxes | $7,361 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,976 |
| Printing and publications | $0 |
| Other expenses | $38,597 |
| Total operating and administrative expenses | $58,943 |
| Contributions, gifts, grants paid | $2,422,660 |
| Total expenses and disbursements | $2,481,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,476 |
| Savings and temporary cash investments | $509,027 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $100 |
| 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 | $945,382 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,049 |
| Total assets | $8,176,943 |
| Accounts payable and accrued expenses | $66,672 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $130,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $196,672 |
Grants Awarded
Over the last fiscal year, Baskin Family Foundation has awarded $2,422,660 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR JUSTICE PURPOSE: JUSTICE IN THE COURTS | $2,065 |
ACADEMY FOR GLOBAL CITIZENSHIP PURPOSE: EDUCATION | $50,000 |
ARCHIPELAGO BOOKS PURPOSE: NOT-FOR-PROFIT PUBLISHER | $7,000 |
CHICAGO FURNITURE BANK PURPOSE: FURNITURE FOR THE NEEDY | $10,000 |
826LA PURPOSE: EDUCATION | $25,000 |
CHICAGO HOPE PURPOSE: REDUCING SOCIAL AND ECONOMIC INEQUITY | $1,040 |