Christopher L & M Susan Gust Foundation
- Assets
- $14.6m
- Revenue
- $3.1m
- Investments
- $14.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 61-1405669
Organization Overview
Christopher L & M Susan Gust Foundation is located in Chicago, IL. The organization was established in 2003. 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. Christopher L & M Susan Gust 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, Christopher L & M Susan Gust Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 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 2016, Christopher L & M Susan Gust Foundation has awarded 172 individual grants totaling $9,058,069. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTINUED ITS PARTNERSHIP WITH THE CHICAGO PUBLIC SCHOOLS THAT ARE COMMITTED TO SCHOOL-WIDE INCLUSIVE AND EQUITABLE PRACTICES FOR ALL STUDENTS. THE FOUNDATION SUPPORTS THE SCHOOL COMMUNITIES BY PROVIDING PROFESSIONAL DEVELOPMENT, TRAININGS AND SEMINARS AND BY HAVING HIRED STAFF TO WORK WITH SCHOOL STAFF TO CULTIVATE AN INCLUSIVE AND EQUITABLE VISION FOR ALL. IN ADDITION TO THE DIRECT GRANTS LISTED IN PART XV, THIS WORK, AT TIMES, WILL INCLUDE FUNDED TRAVEL AND CONFERENCE REGISTRATIONS FOR PROGRAMS ENHANCING PROFESSIONAL DEVELOPMENT. ADDITIONAL EXPENSES INCLUDED ON PAGE 1, LINE 24, COLUMN D:
THE FOUNDATION FUNDED TWO DIRECT GRANTS TO THE MAXWELL ELEMENTARY SCHOOL IN DENVER, CO: 1) TO FUND A STAFF POSITION FOR AN INCLUSION FACILITATOR; 2) TO FUND TECHNOLOGY SUPPORT FOR SCHOOL TO PROMOTE ACCESS FOR ALL - SEE PART XV. IN ADDITION, THE FOUNDATION PROVIDED CONSULTING SERVICES, PROFESSIONAL DEVELOPMENT SEMINARS AND TRAININGS TO SUPPORT MAXWELL'S COMMITMENT TO THEIR SCHOOL-WIDE INCLUSIVE AND EQUITABLE PRACTICES FOR ALL. AT TIMES, THIS WILL INCLUDE FUNDED TRAVEL PROFESSIONAL STAFF.EXPENSES INCLUDED ON PAGE 1, LINE 24, COLUMN D:
ADDITIONALLY, THE FOUNDATION CONTINUES TO PROVIDE STUDENTS WITH DISABILITIES SUPPLEMENTAL SUPPORT SERVICES IN THE FORM OF TESTING. EXPENSES INCLUDED ON PAGE 1, LINE 24, COLUMN D:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Danaher Teacher | 40 | $134,345 | |
Elizabeth Powell Inclusion Facilitato | 40 | $117,758 | |
Jennifer Larry Inclusion Facilitato | 40 | $114,589 | |
Mary Kurczak Operations Manager | 40 | $113,173 | |
Lindsay Kovarik Inclusion Facilitato | 40 | $112,673 | |
Christopher L Gust Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37 |
| Dividends & Interest | $606,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,443,288 |
| Capital Gain Net Income | $2,443,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,050,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $753,832 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99,691 |
| Depreciation | $4,771 |
| Occupancy | $44,666 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $207,157 |
| Total operating and administrative expenses | $1,124,248 |
| Contributions, gifts, grants paid | $2,167,507 |
| Total expenses and disbursements | $3,291,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,799 |
| Savings and temporary cash investments | $443,574 |
| 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 | $14,146,945 |
| Net Land, buildings, and equipment | $17,844 |
| Other assets | $6,290 |
| Total assets | $14,642,452 |
| 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, Christopher L & M Susan Gust Foundation has awarded $2,167,507 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
SHIRLEY RYAN ABILITY LAB PURPOSE: GENERAL PURPOSE | $1,000,000 |
UNIVERSITY OF MICHIGAN PURPOSE: BUILDING PLEDGE FOR ICE HOCKEY ARENA | $300,000 |
Highland Park, IL PURPOSE: GENERAL PURPOSE | $105,000 |
SHIRLEY RYAN ABILITY LAB PURPOSE: SHIRLEY RYAN ABILITY LAB SPARK 2020 PROGRAM | $100,000 |
DENVER PUBLIC SCHOOLSMAXWELL ELEMENTARY SCHOOL PURPOSE: FUND INCLUSION FACILITATOR STAFF POSITION | $97,160 |
Park Ridge, IL PURPOSE: GENERAL PURPOSE | $75,000 |
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 |