Chauncey And Marion Deering Mccormick Foundation
- Assets
- $109.5m
- Revenue
- $7.6m
- Investments
- $106.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1958
- Data as of
- 07/2024
- EIN
- 36-6054815
Organization Overview
Chauncey And Marion Deering Mccormick 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. Chauncey And Marion Deering Mccormick 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 07/2024, Chauncey And Marion Deering Mccormick Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $5.6m during the year ending 07/2024. While expenses have increased by 8.3% per year over the past 5 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 2020, Chauncey And Marion Deering Mccormick Foundation has awarded 470 individual grants totaling $28,780,040. 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 |
|---|---|---|---|
Hilary Hunt Trustee/vice Chair | 0 | $0 | |
Blair Collins Maus Trustee/vice President | 0 | $0 | |
Robert J Venable Trustee/president | 0 | $0 | |
Christopher Hunt Trustee/vice President | 0 | $0 | |
Lisa Collins Meaney Trustee/vice President | 0 | $0 | |
Abby Mccormick O'neil Trustee/vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $112,972 |
| Dividends & Interest | $2,219,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,241,247 |
| Capital Gain Net Income | $5,245,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,573,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $209,916 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,767 |
| Total operating and administrative expenses | $282,083 |
| Contributions, gifts, grants paid | $5,277,554 |
| Total expenses and disbursements | $5,559,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,522,042 |
| 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 | $15,951 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $211,402 |
| Total assets | $109,513,641 |
| Accounts payable and accrued expenses | $109 |
| Grants payable | $1,720,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $820,663 |
| Total liabilities | $2,540,772 |
Grants Awarded
Over the last fiscal year, Chauncey And Marion Deering Mccormick Foundation has awarded $6,145,054 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
ART INSTITUTE OF CHICAGO PURPOSE: ARTS AND HUMANITIES | $20,000 |
ART INTO ACRES PURPOSE: ARTS AND HUMANITIES | $7,200 |
BALLET THEATER FOUNDATION PURPOSE: ARTS AND HUMANITIES | $75,000 |
FLOATING MUSEUM NFP PURPOSE: ARTS AND HUMANITIES | $50,000 |
FRACTURED ATLAS PURPOSE: ARTS AND HUMANITIES | $30,000 |
GRAY AREA FOUNDATION FOR THE ARTS PURPOSE: ARTS AND HUMANITIES | $5,000 |