Funder DirectoryILLINOIS TOOL WORKS FOUNDATION
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EIN 366087160

ILLINOIS TOOL WORKS FOUNDATION

GLENVIEW, IL 60025

Accepts unsolicited proposals

Total Assets

FY 2022

Annual Giving

$8.7M

FY 2022

Grants Made

4

FY 2022

Avg Grant

$2.2M

FY 2022

Grant Range

$187K–$5.2M

Typical

Deadlines

Open / rolling

Applications

Financial Snapshot

2022 filing

Total Revenue

$8.3M

Total Expenses

$8.7M

Qualifying Distributions

$8.7M

Distributable Amount

$88K

Min. Investment Return

$88K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

4 grants

Grant sizes from minimum $187K through median $1.6M to maximum $5.2M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

3 years

Giving over time from 2020 to 2022. Peak $9.5M in 2021. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

150 grants

UNITED WAY OF METRO CHICAGO INC
$7.8M
2 grants
THE BLACKBAUD GIVING FUND
$5.2M
1 grant
UNITED WAY OF METROPOLITAN CHICAGO INC
$3.1M
1 grant
SCHOLARSHIP AMERICA
$1.6M
3 grants
NATIONAL MERIT SCHOLARSHIP CORP
$602K
3 grants
RUSH UNIVERSITY MEDICAL CENTER
$500K
2 grants
CHICAGO COMMUNITY FOUNDATION
$500K
1 grant
JUNIOR ACHIEVEMENT OF CHICAGO
$385K
2 grants

Grant Size Distribution

150 grants

<$10K
69
grants
$10–50K
47
grants
$50–250K
21
grants
$250K–1M
9
grants
$1–5M
3
grants
$5M+
1
grants

Geographic Focus

4 states

Illinois
$18.0M
72% of total
South Carolina
$5.2M
21% of total
Minnesota
$1.6M
6% of total
Ohio
$333K
1% of total

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