Joyce Foundation
- Assets
- $1.4b
- Revenue
- $150.5m
- Investments
- $1.4b
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1949
- Data as of
- 12/2021
- EIN
- 36-6079185
Organization Overview
Joyce Foundation is located in Chicago, IL. The organization was established in 1949. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Joyce 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 12/2021, Joyce Foundation generated $150.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $80.8m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 4 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, Joyce Foundation has awarded 903 individual grants totaling $124,001,688. 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
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 2 | $8,050 | |
Kayce Ataiyero Comm. Director | 40 | $212,680 | |
Elizabeth Cisar Program Director | 40 | $198,262 | |
Ed Miller Program Director | 40 | $195,262 | |
Stephanie Banchero Program Director | 40 | $191,050 | |
Timothy Daly Program Director | 40 | $183,587 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/21 | $750,000 |
Crowe Llp | 12/30/21 | $111,481 |
Locke Lord Llp | 12/30/21 | $66,560 |
Nina Vinik | 12/30/21 | $73,565 |
Masum Momaya | 12/30/21 | $98,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,669,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,799,825 |
| Capital Gain Net Income | $132,267,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,027,223 |
| Total Revenue | $150,496,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,135,148 |
| Other employee salaries and wages | $2,854,428 |
| Pension plans, employee benefits | $1,185,865 |
| Interest | $0 |
| Taxes | $3,444,465 |
| Depreciation | $188,439 |
| Occupancy | $733,442 |
| Travel, conferences, and meetings | $149,407 |
| Printing and publications | $64,580 |
| Other expenses | $1,441,637 |
| Total operating and administrative expenses | $15,827,060 |
| Contributions, gifts, grants paid | $64,934,672 |
| Total expenses and disbursements | $80,761,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,203,792 |
| Savings and temporary cash investments | $37,937,260 |
| Net Accounts receivable | $4,055,996 |
| 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 | $191,875 |
| Investments—mortgage loans | $0 |
| Investments—other | $978,847,060 |
| Net Land, buildings, and equipment | $965,739 |
| Other assets | $474,854 |
| Total assets | $1,408,794,882 |
| Accounts payable and accrued expenses | $67,891 |
| Grants payable | $22,910,547 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,632,997 |
| Total liabilities | $29,611,435 |
Grants Awarded
Over the last fiscal year, Joyce Foundation has awarded $71,998,723 in support to 492 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: MISSION FUND | $4,000,000 |
Chicago, IL PURPOSE: MISSION FUND | $1,875,000 |
Chicago, IL PURPOSE: MISSION FUND | $1,250,000 |
Washington, DC PURPOSE: EDUCATION & ECONOMIC MOBILITY | $825,000 |
Columbus, OH PURPOSE: ENVIRONMENT | $720,000 |
Chicago, IL PURPOSE: EDUCATION & ECONOMIC MOBILITY | $650,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Joyce Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Michigan League Of Conservation Voters Education Fund Ann Arbor, MI PURPOSE: WATER SHUT-OFF WORK | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |