Fogelson Foundation
- Assets
- $0.0
- Revenue
- $187.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-2902485
Organization Overview
Fogelson Foundation is located in Palatine, IL. The organization was established in 2006. 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. Fogelson 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, Fogelson Foundation generated $187.1k 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 (33.2%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fogelson Foundation has awarded 206 individual grants totaling $5,008,427. 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 |
|---|---|---|---|
Gerald W Fogelson President | 0.5 | $0 | |
Bruce Fogelson Director | 0.5 | $0 | |
Douglas Fogelson Director | 0.5 | $0 | |
Molly Heilmann Director | 0.5 | $0 | |
Lori Fogelson Secretary Tr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,335 |
| Dividends & Interest | $8,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $174,798 |
| Capital Gain Net Income | $174,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,674 |
| Total operating and administrative expenses | $24,289 |
| Contributions, gifts, grants paid | $2,611,701 |
| Total expenses and disbursements | $2,635,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Fogelson Foundation has awarded $2,611,701 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CLEARBROOK PURPOSE: GENERAL | $25,000 |
MAOT CHITIM OF GREATER CHICAGO PURPOSE: GENERAL | $10,000 |
INTONATION MUSIC WORKSHOP PURPOSE: GENERAL | $5,000 |
THE FOUNDATION FOR PALM SPRINGS PURPOSE: GENERAL | $25,000 |
SHALVA PURPOSE: GENERAL | $1,500 |
UNITED JEWISH APPEAL PURPOSE: GENERAL | $15,000 |