Takiff Family Foundation
- Assets
- $7.1m
- Revenue
- $48.1k
- Investments
- $6.7m
- Employees
- 0
- Location
- Glencoe, IL
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 36-3307589
Organization Overview
Takiff Family Foundation is located in Glencoe, IL. The organization was established in 1985. 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. Takiff Family 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, Takiff Family Foundation generated $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.0%) each year. All expenses for the organization totaled $586.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Takiff Family Foundation has awarded 150 individual grants totaling $2,240,585. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobette Takiff Director | 2 | $0 | |
Jill Hirsh Director | 2 | $0 | |
Elizabeth Scheinfeld Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,232 |
| Dividends & Interest | $168,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$127,797 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,063 |
| Total Revenue | $48,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,912 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $57,091 |
| Contributions, gifts, grants paid | $529,110 |
| Total expenses and disbursements | $586,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $376,961 |
| 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 | $77,225 |
| Investments—other | $2,021,691 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,121,614 |
| Accounts payable and accrued expenses | $4,500 |
| 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 | $140,898 |
| Total liabilities | $145,398 |
Grants Awarded
Over the last fiscal year, Takiff Family Foundation has awarded $529,110 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
BERNIE'S BOOK BANK PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $5,000 |
B'NAI BRITH FOUNDATION PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
CHICAGO FOOD DEPOSITORY PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $20,000 |
COLUMBIA HILLEL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $1,800 |
FRIENDS OF THE IDF PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $16,000 |