Deering Foundation
- Assets
- $19.7m
- Revenue
- $550.5k
- Investments
- $18.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1958
- Data as of
- 11/2022
- EIN
- 36-6051876
Organization Overview
Deering Foundation is located in Chicago, IL. The organization was established in 1958. 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. Deering 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 11/2022, Deering Foundation generated $550.5k 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 (5.0%) each year. All expenses for the organization totaled $1.0m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Deering Foundation has awarded 25 individual grants totaling $2,910,000. 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 |
|---|---|---|---|
John Rau President/director | 0 | $0 | |
Candida D Burnap Vice President/director | 0 | $0 | |
Jocelyn D Tennille Vice President/director | 0 | $0 | |
Stephen M Strachan Director | 0 | $0 | |
Charles E Seitz Director | 0 | $0 | |
Susan D Pattock Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,373 |
| Dividends & Interest | $423,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,061 |
| Capital Gain Net Income | $99,061 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,758 |
| Total Revenue | $550,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,022 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,266 |
| Total operating and administrative expenses | $35,938 |
| Contributions, gifts, grants paid | $1,005,000 |
| Total expenses and disbursements | $1,040,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,008,363 |
| Net Accounts receivable | $51,328 |
| 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 | $1,138 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,778 |
| Total assets | $19,693,445 |
| Accounts payable and accrued expenses | $484 |
| 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 | $134,772 |
| Total liabilities | $135,256 |
Grants Awarded
Over the last fiscal year, Deering Foundation has awarded $1,005,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: OTHER | $200,000 |
Chicago, IL PURPOSE: OTHER | $200,000 |
Chicago, IL PURPOSE: OTHER | $200,000 |
NORTHWESTERN UNIVERSITY - DEERING LIBRARY FUND PURPOSE: EDUCATIONAL | $115,000 |
VIZCAYA MUSEUM AND GARDENS TRUST INC - GENERAL OPERATING PURPOSE: ARTS AND HUMANITIES | $115,000 |
Miami, FL PURPOSE: OTHER | $115,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |