Sargent Family Foundation
- Assets
- $16.1m
- Revenue
- $3.5m
- Investments
- $15.7m
- Employees
- 0
- Location
- Winnetka, IL
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 35-7011349
The information for Sargent Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Winnetka, IL. It has been in existence for 7 years, following its founding in 2014.
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 Sargent Family Foundation's NTEE code is T90. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "90" tells us that the organization falls under the category of Named Trusts N.E.C. The NTEE describes Named Trusts N.E.C. as trusts that are not classified elsewhere. The organization is also classified as a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset includes two years of grant history for the Sargent Family Foundation. Over these two years, they have awarded a total of 125 grants, with an average check size of $12,580. The foundation awards grants in various NTEE sectors, with the highest number of grants awarded in Arts, Culture & Humanities (24) and Education (16). In terms of geographical distribution, the majority of grants were awarded in Illinois (96), followed by Wisconsin (8), Florida (6), and New York (3), among others.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George E Sargent Director | 2 | $0 | |
Cynthia M Sargent Director | 2 | $0 | |
Christina S Donohue Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tower Capital Llc | 12/30/21 | $120,000 |
Pasquesi Sheppard Llc | 12/30/21 | $55,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $15,919 |
| Dividends & Interest | $475,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,007,663 |
| Capital Gain Net Income | $841,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,390 |
| Total Revenue | $3,501,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162,795 |
| Total operating and administrative expenses | $388,219 |
| Contributions, gifts, grants paid | $848,000 |
| Total expenses and disbursements | $1,236,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $415,127 |
| 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 | $7,141,539 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,102,374 |
| 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, Sargent Family Foundation has awarded $848,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
LEAGUE OF AMERICAN ORCHESTRAS PURPOSE: GENERAL OPERATIONS | $120,000 |
Chicago, IL PURPOSE: GENERAL OPERATIONS | $110,000 |
BOYS HOPE GIRLS HOPE OF ILLINOIS PURPOSE: GENERAL OPERATIONS | $42,000 |
Chicago, IL PURPOSE: GENERAL OPERATIONS | $35,000 |
Wilmette, IL PURPOSE: GENERAL OPERATIONS | $35,000 |
CHICAGO MARITIME SOCIETY PURPOSE: GENERAL OPERATIONS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |