Scanlan Family Foundation
- Assets
- $158.8m
- Revenue
- $1.1m
- Investments
- $158.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 52-7240192
The information for Scanlan Family Foundation is as of the organization's most recent filing in December 2019. This organization is located in Chicago, IL. It has been in existence for 16 years, following its founding in 2003.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Scanlan Family Foundation's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments and are typically endowed from a single individual or family. They are considered family foundations if relatives or the original donor are still active on the board of trustees or in the operation of the foundation. Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has three years of grant history for the Scanlan Family Foundation. In that time, they have awarded 36 grants, with an average check size of $551,938. Most of the grants have been awarded in the Education (6), Arts, Culture & Humanities (5), and Environment (3) sectors. The organization most frequently awards grants in Colorado (10), Vermont (3), New York (3), Iowa (5), Connecticut (3), Maine (4), Illinois (3), and California (5).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Scanlan Vice President/director | 1 | $0 | |
Catherine O'brien Treasurer/secretary/director | 1 | $0 | |
Mary Bucksbaum Scanlan President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,066,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,709 |
| Capital Gain Net Income | $680,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,077,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162,360 |
| Total operating and administrative expenses | $162,386 |
| Contributions, gifts, grants paid | $3,947,857 |
| Total expenses and disbursements | $4,110,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $795,102 |
| 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 | $157,975,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,770,955 |
| 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 $3,947,857 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BENNINGTON COLLEGE PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $2,400,000 |
Sausalito, CA PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $1,000,000 |
GULF OF MAINE RESEARCH FOUNDATION PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $250,000 |
Portland, ME PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $187,857 |
New York, NY PURPOSE: ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |