Scanlan Family Foundation
- Assets
- $133.0m
- Revenue
- $1.9m
- Investments
- $132.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 52-7240192
Organization Overview
Scanlan Family Foundation is located in Chicago, IL. The organization was established in 2003. 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. Scanlan 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 12/2023, Scanlan Family Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $15.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scanlan Family Foundation has awarded 78 individual grants totaling $58,925,865. 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 |
|---|---|---|---|
Mary Bucksbaum Scanlan President/director | 1 | $0 | |
Patrick Scanlan Vice President/director | 1 | $0 | |
Catherine O'brien Treasurer/secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,685,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,805 |
| Capital Gain Net Income | $167,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,853,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,826 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $284,689 |
| Total operating and administrative expenses | $366,771 |
| Contributions, gifts, grants paid | $15,023,308 |
| Total expenses and disbursements | $15,390,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,564 |
| Savings and temporary cash investments | $0 |
| 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 | $132,878,153 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $132,991,717 |
| 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, Scanlan Family Foundation has awarded $15,023,308 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BENNINGTON COLLEGE PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $2,400,000 |
STATE UNIVERSITY OF IOWA FOUNDATION PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $3,000,000 |
GULF OF MAINE RESEARCH INSTITUTE PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $1,353,308 |
UNIVERSITY OF MAINE FOUNDATION PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $500,000 |
NORTHWESTERN UNIVERSITY PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $1,500,000 |
DESMOINES JEWISH FOUNDATION PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $1,000,000 |