Fred B Snite Foundation
- Assets
- $16.4m
- Revenue
- $1.4m
- Investments
- $15.9m
- Employees
- 0
- Location
- Glenview, IL
- Founding
- 01/1947
- Data as of
- 06/2021
- EIN
- 36-6084839
Organization Overview
Fred B Snite Foundation is located in Glenview, IL. The organization was established in 1947. 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. Fred B Snite 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 06/2021, Fred B Snite Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Fred B Snite Foundation has awarded 52 individual grants totaling $1,785,708. 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 |
|---|---|---|---|
Margaret Sackley President | 5 | $18,320 | |
Patricia Nahigian Secretary | 5 | $18,320 | |
Robert Wott Treasurer | 5 | $11,060 | |
Patrick Sackley Vice President | 0 | $0 | |
Theresa Rassas Vice President | 0 | $0 | |
Lance Williams Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $266,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,032,064 |
| Capital Gain Net Income | $1,030,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,658 |
| Total Revenue | $1,362,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,647 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,453 |
| Printing and publications | $0 |
| Other expenses | $3,511 |
| Total operating and administrative expenses | $158,093 |
| Contributions, gifts, grants paid | $862,390 |
| Total expenses and disbursements | $1,020,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $247,672 |
| 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 | $0 |
| Investments—other | $4,460,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $182,270 |
| Total assets | $16,368,236 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fred B Snite Foundation has awarded $923,318 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Notre Dame, IN PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $200,000 |
CATHOLIC RELIEF SERVICES PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $100,572 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $60,604 |
Chicago, IL PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $50,927 |
CATHOLIC CHARITIES OF CHICAGO PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $50,455 |
New York, NY PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $50,455 |
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 |