The Chicago Community Trust
- Assets
- $4.5b
- Revenue
- $1.5b
- Investments
- $384.3m
- Employees
- 153
- Location
- Chicago, IL
- Founding
- 06/1951
- Data as of
- 09/2023
- EIN
- 36-2167000
Organization Overview
The Chicago Community Trust is located in Chicago, IL. The organization was established in 1951. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Chicago Community Trust employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Community 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 09/2023, Chicago Community Trust generated $1.5b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $1.6b during the year ending 09/2023. While expenses have increased by 25.5% per year over the past 7 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 2017, Chicago Community Trust has awarded 26,546 individual grants totaling $7,615,968,923. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES GRANTS AND OTHER RESOURCES TO IMPROVE THE COMMUNITY; ADDRESSES COMMUNITY CHALLENGES; AND PROMOTES PHILANTHROPY BY INFORMING DONORS ABOUT PHILANTHROPIC OPPORTUNITIES.
Describe the Organization's Program Activity:
SEE SCHEDULE F AND SCHEDULE I FOR LIST OF GRANTS MADE. SEE SCHEDULE O FOR MOST SIGNIFICANT PROGRAM ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reynolds Director & Chair | OfficerTrustee | 1 | $0 |
Anne Ladky Director | Trustee | 1 | $0 |
Brett Hart Director (as Of 1/23) | Trustee | 1 | $0 |
Bryan Traubert Director | Trustee | 1 | $0 |
Connie Lindsey Director | Trustee | 1 | $0 |
Ethan Meers Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mar Vista Investment Partners Advisory Services | 9/29/23 | $521,317 |
Northern Trust Company Advisory Services | 9/29/23 | $3,272,983 |
Bank Of America Advisory Services | 9/29/23 | $1,088,840 |
Jp Morgan Chase Advisory Services | 9/29/23 | $650,239 |
Bmo Harris Bank Advisory Services | 9/29/23 | $549,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,191,174 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,383,717,079 |
| Noncash contributions included in lines 1a–1f | $1,101,013,675 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,385,908,253 |
| Total Program Service Revenue | $0 |
| Investment income | $98,303,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $117,194 |
| Net Gain/Loss on Asset Sales | $51,700,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,536,635,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,568,601,375 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,391,353 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,546,561 |
| Compensation of current officers, directors, key employees. | $742,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,787,114 |
| Pension plan accruals and contributions | $663,877 |
| Other employee benefits | $932,799 |
| Payroll taxes | $818,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,911 |
| Fees for services: Accounting | $457,006 |
| Fees for services: Lobbying | $222,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,003,578 |
| Fees for services: Other | $1,628,585 |
| Advertising and promotion | $199,307 |
| Office expenses | $706,916 |
| Information technology | $2,241,581 |
| Royalties | $0 |
| Occupancy | $1,210,156 |
| Travel | $78,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191,584 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $452,036 |
| Insurance | $166,667 |
| All other expenses | $67,201 |
| Total functional expenses | $1,611,696,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,715 |
| Savings and temporary cash investments | $31,343,293 |
| Pledges and grants receivable | $4,717,348 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,934,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,278,302 |
| Investments—publicly traded securities | $3,766,729,572 |
| Investments—other securities | $384,329,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,749,121 |
| Total assets | $4,528,410,929 |
| Accounts payable and accrued expenses | $3,454,438 |
| Grants payable | $25,453,117 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,671,392 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,582,187 |
| Total liabilities | $43,161,134 |
| Net assets without donor restrictions | $4,189,223,182 |
| Net assets with donor restrictions | $296,026,613 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,528,410,929 |
Grants Awarded
Over the last fiscal year, The Chicago Community Trust has awarded $1,561,587,584 in support to 3,801 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTHROPIC TRUST PURPOSE: Goldstein Family Fund, support for Charles A Micale Foundation, "Our Own Thing" Fund, illiquid shares to be transferred to FP: Goldstein Family Fund, Ruhl Donor Advised Fund | $35,936,274 |
BREAKTHROUGH ENERGY CATALYST FOUNDATION PURPOSE: support to accelerate the deployment of clean technologies | $30,000,000 |
CHICAGO PUBLIC SCHOOLS PURPOSE: General operating support | $25,000,000 |
PER SCHOLAS INC PURPOSE: General operating support | $20,000,000 |
JOBS FOR THE FUTURE INC PURPOSE: General operating support | $20,000,000 |
SAN FRANCISCO COMMUNITY LAND TRUST PURPOSE: General operating support | $20,000,000 |