The Buchanan Family Foundation
- Assets
- $38.2m
- Revenue
- $1.3m
- Investments
- $29.2m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 36-6160998
Organization Overview
The Buchanan Family Foundation is located in Lake Forest, IL. The organization was established in 1967. 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. Buchanan 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 12/2022, Buchanan Family Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Buchanan Family Foundation has awarded 848 individual grants totaling $16,482,000. 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 |
|---|---|---|---|
Kenneth H Buchanan President | 40 | $75,000 | |
Charles F Kane Jr Treasurer | 40 | $25,000 | |
Margaux Buchanan Secretary | 2 | $0 | |
Hunt Eldridge III Vice-President | 2 | $0 | |
Brian K Jones Director | 2 | $0 | |
Perrin B Martin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,248 |
| Dividends & Interest | $1,242,870 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,983 |
| Capital Gain Net Income | $51,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,296,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,485 |
| Depreciation | $0 |
| Occupancy | $9,600 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,439 |
| Total operating and administrative expenses | $210,089 |
| Contributions, gifts, grants paid | $2,830,000 |
| Total expenses and disbursements | $3,040,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,992,102 |
| 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 | $38,154,957 |
| 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, The Buchanan Family Foundation has awarded $2,830,000 in support to 146 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS OF LIGHT PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $5,000 |
ANN & ROBERT LURIE CHILDREN'S HOSPITAL PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $20,000 |
AVON OLD FARMS SCHOOL PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $10,000 |
BALTIMORE JEWELRY CENTER PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $3,000 |
BALTIMORE CLAYWORKS PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $3,000 |
BERKSHIRE TACONIC COMMUNITY FOUNDATION PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $2,500 |