Ernest Wentcher Educational Fund
- Assets
- $63.0m
- Revenue
- $4.5m
- Investments
- $61.0m
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 36-4170236
Organization Overview
Ernest Wentcher Educational Fund is located in Wilmette, IL. The organization was established in 1997. 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. Ernest Wentcher Educational Fund 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 06/2022, Ernest Wentcher Educational Fund generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ernest Wentcher Educational Fund has awarded 670 individual grants totaling $16,597,471. 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 |
|---|---|---|---|
Brian Fitzpatrick Executive Di | 40 | $110,000 | |
Chris Broughton Executive Di | 40 | $0 | |
Robert Wise Vice Preside | 1 | $0 | |
Laura Bordine Secretary | 1 | $0 | |
Dan Williams Treasurer | 1 | $0 | |
Lucy Tuck Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellington Management | 6/29/21 | $63,559 |
Fiducent Advisors | 6/29/21 | $103,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $211 |
| Dividends & Interest | $1,633,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,860,414 |
| Capital Gain Net Income | $2,860,414 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,496,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,000 |
| Other employee salaries and wages | $227,360 |
| Pension plans, employee benefits | $23,877 |
| Interest | $0 |
| Taxes | $52,300 |
| Depreciation | $0 |
| Occupancy | $46,823 |
| Travel, conferences, and meetings | $1,448 |
| Printing and publications | $0 |
| Other expenses | $130,982 |
| Total operating and administrative expenses | $868,525 |
| Contributions, gifts, grants paid | $2,847,760 |
| Total expenses and disbursements | $3,716,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,661 |
| Savings and temporary cash investments | $1,669,291 |
| 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 | $1,377 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,780,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $63,025,469 |
| Accounts payable and accrued expenses | $55,192 |
| Grants payable | $2,813,941 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $246,300 |
| Total liabilities | $3,115,433 |
Grants Awarded
Over the last fiscal year, Ernest Wentcher Educational Fund has awarded $2,840,760 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF ILLINOIS PURPOSE: EDUCATION | $343,164 |
UNIVERSITY OF MICHIGAN PURPOSE: EDUCATION | $165,682 |
UNIV OF ILLINOIS PURPOSE: EDUCATION | $155,277 |
DEPAUL UNIV PURPOSE: EDUCATION | $130,000 |
UNIV OF WISCONSIN PURPOSE: EDUCATION | $111,834 |
CORNELL UNIV PURPOSE: EDUCATION | $103,980 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |