The Boler Family Foundation
- Assets
- $47.4m
- Revenue
- $6.5m
- Investments
- $41.0m
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 36-6854134
Organization Overview
The Boler Family Foundation is located in Schaumburg, IL. The organization was established in 1987. 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. Boler 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, Boler Family Foundation generated $6.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Boler Family Foundation has awarded 45 individual grants totaling $16,416,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,500,000 |
| Interest on Savings | $10,619 |
| Dividends & Interest | $546,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,394,526 |
| Capital Gain Net Income | $1,394,526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,437 |
| Total Revenue | $6,491,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,788 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105,613 |
| Total operating and administrative expenses | $275,251 |
| Contributions, gifts, grants paid | $5,167,500 |
| Total expenses and disbursements | $5,442,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $6,396,952 |
| 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 | $16,562,449 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,408,842 |
| 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 Boler Family Foundation has awarded $5,167,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SANIBEL-CAPTIVA CONSERVATION FOUNDATION PURPOSE: TO SUPPORT THE CONSERVATION OF COASTAL HABITATS AND AQUATIC RESOURCES ON SANIBEL AND CAPTIVA AND THE SURROUNDING WATERSHED | $600,000 |
NORTHWEST COMMUNITY HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000,000 |
HORIZONS FOR YOUTH PURPOSE: TO SUPPORT FIRST GENERATION COLLEGE STUDENTS | $300,000 |
RUSH UNIVERSITY MEDICAL CENTER PURPOSE: TO SUPPORT RUSH UNIVERSITY MEDICAL CENTER | $700,000 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $100,000 |
FISH OF SANIBEL CAPITVA PURPOSE: TO ENRICH THE LIVES OF EVERYONE ON SANIBEL AND CAPTIVA ISLANDS THROUGH FOOD PROGRAMS, ISLAND BASED WORKSHOPS, SOCIAL SERVICES AND HELPING HANDS | $5,000 |