Allstate Foundation
- Assets
- $112.5m
- Revenue
- $31.3m
- Investments
- $109.9m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 05/1954
- Data as of
- 12/2021
- EIN
- 36-6116535
Organization Overview
Allstate Foundation is located in Northbrook, IL. The organization was established in 1954. 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. Allstate 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, Allstate Foundation generated $31.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.6% each year . All expenses for the organization totaled $39.9m during the year ending 12/2021. While expenses have increased by 16.3% 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 2021, Allstate Foundation has awarded 2,469 individual grants totaling $37,011,475. 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:
YOUTH EMPOWERMENT PROGRAMS REPRESENTS 37.86% OF TOTAL GRANTS IN 2020
COMMUNITY LEADERSHIP REPRESENTS 17.71% OF TOTAL GRANTS IN 2020
DOMESTIC VIOLENCE PROGRAMS REPRESENTS 13.37% OF TOTAL GRANTS IN 2020
AGENCY OWNER INDIVIDUAL HELPING HANDS GRANTS REPRESENTS 10.84% OF TOTAL GRANTS IN 2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Wilson Chairman & President | 0.5 | $0 | |
John E Dugenske VP & Chief Investment Officer | 0.5 | $0 | |
Elizabeth A Brady VP & Secretary | 0.5 | $0 | |
Daniel G Gordon VP & Assistant Secretary | 0.5 | $0 | |
Carol E Lundahl VP & Assistant Treasurer | 0.5 | $0 | |
Mario Rizzo Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Starcom Worldwide Inc | 12/30/21 | $666,800 |
Dun & Bradstreet Inc | 12/30/21 | $288,400 |
Golinharris International Inc | 12/30/21 | $269,346 |
Meta Platforms Inc | 12/30/21 | $174,990 |
Tessa Films Inc | 12/30/21 | $141,563 |
Starcom Worldwide Inc | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,530,144 |
| Interest on Savings | $975 |
| Dividends & Interest | $1,497,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$148,007 |
| Capital Gain Net Income | $22,403,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,396,625 |
| Total Revenue | $31,277,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $55,309 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $285,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $599 |
| Printing and publications | $0 |
| Other expenses | $62,238 |
| Total operating and administrative expenses | $2,475,849 |
| Contributions, gifts, grants paid | $37,459,584 |
| Total expenses and disbursements | $39,935,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,920 |
| Savings and temporary cash investments | $2,205,521 |
| 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 | $9,270,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $260,234 |
| Total assets | $112,475,932 |
| Accounts payable and accrued expenses | $1,087,385 |
| Grants payable | $1,105,935 |
| 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 | $2,193,320 |
Grants Awarded
Over the last fiscal year, Allstate Foundation has awarded $37,011,475 in support to 2,469 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EQUITY IN THE CLASSROOM MATCH AND GIFT CARDS | $2,000,000 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: Q2 MATCHING GIFTS FOR 501C3, MATCHING GIFTS FOR HI | $1,012,423 |
Chicago, IL PURPOSE: GENERAL OPERATING GRANT | $1,000,000 |
New York, NY PURPOSE: GENERAL OPERATING GRANT | $1,000,000 |
Boston, MA PURPOSE: PROXIMATE CAPITAL | $1,000,000 |
New York, NY PURPOSE: GENERAL OPERATING GRANT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |