Herbert H Kohl Charities Inc
- Assets
- $19.3m
- Revenue
- $4.4m
- Investments
- $18.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 39-1300476
Organization Overview
Herbert H Kohl Charities Inc is located in Milwaukee, WI. The organization was established in 1978. 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. Herbert H Kohl Charities Inc 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 06/2022, Herbert H Kohl Charities Inc generated $4.4m 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 (38.3%) each year. All expenses for the organization totaled $12.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Herbert H Kohl Charities Inc has awarded 2,679 individual grants totaling $48,867,734. 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:
HERBERT H. KOHL CHARITIES, INC. IS ORGANIZED AND OPERATED TO MAKE CASH DONATIONS TO QUALIFYING PUBLIC CHARITIES. THE FOUNDATION DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE
ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert H Kohl President/dir. | 0.5 | $0 | |
Charles Pruitt Director | 0 | $0 | |
Joanne Anton Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colonial Consulting Llc | 6/29/19 | $115,015 |
Bmo Financial Group | 6/29/19 | $44,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,548 |
| Dividends & Interest | $70,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,300,344 |
| Capital Gain Net Income | $1,040,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57,350 |
| Total Revenue | $4,430,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,801 |
| Total operating and administrative expenses | $131,735 |
| Contributions, gifts, grants paid | $12,030,267 |
| Total expenses and disbursements | $12,162,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,330,184 |
| 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 | $17,997,995 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,500 |
| Total assets | $19,332,679 |
| 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, Herbert H Kohl Charities Inc has awarded $12,030,267 in support to 576 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,919,376 |
Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,330,432 |
U W FOUNDATION PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,000,000 |
LAFOLLETTE SCHOOL OF PUBLIC AFFAIRS PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $1,000,000 |
Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $500,000 |
MILWAUKEE SYMPHONY ORCHESTRA PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |