Daniel P Haerther Charitable Trust
- Assets
- $37.9m
- Revenue
- $2.2m
- Investments
- $36.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-1225450
Organization Overview
Daniel P Haerther Charitable Trust is located in Chicago, IL. The organization was established in 2008. 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. Daniel P Haerther Charitable Trust 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, Daniel P Haerther Charitable Trust generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Daniel P Haerther Charitable Trust has awarded 316 individual grants totaling $17,189,961. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED 1,706,684 TO 20 OPERATING CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard W Burke Sr Trustee | 0 | $120,863 | |
Mary L Burke Trustee | 0 | $50,000 | |
Jerome R Prassas Trustee | 0 | $50,000 | |
Hillary Anne Ebach Trustee | 0 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stifel | 12/30/23 | $129,337 |
Richard W Burke | 12/30/23 | $120,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $492,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $585,747 |
| Capital Gain Net Income | $542,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,105,310 |
| Total Revenue | $2,183,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $270,863 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,257 |
| Interest | $60,711 |
| Taxes | $7,575 |
| Depreciation | $0 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,546 |
| Total operating and administrative expenses | $575,315 |
| Contributions, gifts, grants paid | $2,106,545 |
| Total expenses and disbursements | $2,681,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,734,434 |
| 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 | $19,388,569 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,855,570 |
| 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, Daniel P Haerther Charitable Trust has awarded $2,106,545 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIC APPROACH PURPOSE: GENERAL PURPOSES | $16,948 |
ALANI WATSON PURPOSE: EDUCATIONAL | $500 |
ALEXANDER LEBLANC PURPOSE: EDUCATIONAL | $1,000 |
ALEXIA GOLAB PURPOSE: EDUCATIONAL | $1,000 |
ANTHONY DIBALSAMO PURPOSE: EDUCATIONAL | $500 |
BROTHER RICE HIGH SCHOOL PURPOSE: GENERAL PURPOSES | $142,895 |