NonprofitsRobert R Mccormick Foundation

Philanthropy, Voluntarism & Grantmaking Foundations

Robert R Mccormick Foundation

CHICAGO, IL

Total revenue

$105.3M

Total expenses

$114.6M

Net assets

$1.7B

Grants received

$33.5M

114 grants

EIN

363689171

Tax year

2024

Mission

Provides grants and program support to organizations building thriving communities.

Programs

2 programs

To further its mission, the foundation supports charitable organizations across the chicago region in their fundraising efforts through sponsorships, table purchases, ticket purchases, and other donations to improve the organizations' sustainability and community impact.

Expenses: $844K

The foundation also invests in data collection and program evaluation to create dashboards and other products to assess and understand the progress of community development.

Expenses: $345KGrants: $345K

Financials

FY 2024

Revenue

Contributions & grants$17.0M
Program service revenue
Investment income$88.3M
Other revenue
Total revenue$105.3M

Expenses

Grants paid$106.1M
Salaries & benefits$4.1M
Fundraising$84K
Other expenses$4.4M
Total expenses$114.6M
Total assets$1.8B
Net assets$1.7B

People

16 listed

NameRoleCompensation

TIMOTHY KNIGHT

PRESIDENT & CHIEF EXECUTIVE OFFICER

Board

$566K

28 hrs/wk

CARLA BEAL

CIO & TREASURER

Board

$463K

32 hrs/wk

ANDRES TORRES

VP-STRATEGY, PLANNING & OPS./SEC.

Board

$183K

24 hrs/wk

WILLIAM MCCLEAN

DIRECTOR

Board

$28K

2 hrs/wk

DENNIS FITZSIMONS

CHAIRMAN OF THE BOARD

Board

$28K

2 hrs/wk

RUTHELLYN MUSIL

DIRECTOR

Board

$28K

2 hrs/wk

CELENA ROLDAN

DIRECTOR

Board

$28K

2 hrs/wk

SCOTT SMITH

DIRECTOR

Board

$28K

2 hrs/wk

MARY K LAWLER

DIRECTOR (AS OF 06/24)

Board

$28K

2 hrs/wk

LEE HENDERSON

DIRECTOR

Board

$28K

2 hrs/wk

BRYAN STOKES

DIRECTOR, EDUCATION PORTFOLIO

Staff

$199K

40 hrs/wk

JOSE RODRIGUEZ

DIRECTOR,COMMUNITY CAPITAL PORTFOLIO

Staff

$193K

40 hrs/wk

ANNA LAUBACH

DIRECTOR, SPECIAL INITIATIVES

Staff

$192K

40 hrs/wk

KATYA NUQUES

DIRECTOR, LITTLE VILLAGE PORTFOLIO

Staff

$190K

40 hrs/wk

MIRLENE DOSSOUS

DIRECTOR, ENGLEWOOD PORTFOLIO

Staff

$186K

40 hrs/wk

OSCAR REGALADO

VP-HUMAN RESOURCES

Staff

$169K

24 hrs/wk

Independent contractors

MONTICELLO ASSOCIATES INC

INVESTMENT CONSULTING SERVICES

$480K

THE NORTHERN TRUST COMPANY

CUSTODIAN FEES

$240K

GRANT THORNTON ADVISORS LLC

NS IMPLEMENTATION, AUDIT AND TAX SERVICE

$189K

Grants received

Showing 114 of 114

FromAmountPurposeYear
$2M
GENERAL SUPPORT
2024
$848K
Donation to Cubs Care Fund and Chicago Sports Alliance
2024
$532K
General Support
2024
$255K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$200K
General Support
2024
$15K
PHILANTHROPY
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$415
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$839K
Donation to Cubs Care Fund and Chicago Sports Alliance
2023
$620K
General support and Chicago Sports Alliance Fund
2023
$267K
Program support
2023
$256K
GENERAL OPERATING SUPPORT
2023
$65K
For grant recipient's exempt purposes
2023
$30K
PHILANTHROPY
2023
$28K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$19K
PUBLIC, SOCIETAL BENEFIT
2023
$15K
PUBLIC, SOCIETAL BENEFIT
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$500
Purpose of the Organization
2023
$50
GENERAL EXEMPT PURPOSE
2023
$802K
Donation to Cubs Care Fund and Chicago Sports Alliance
2022
$430K
Donation to fund the McCormick Foundation Community Fund
2022
$267K
Program support
2022
$255K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2022
$250K
Chicago Sports Alliance Fund
2022
$200K
Program support
2022
$46K
For grant recipient's exempt purposes
2022
$26K
Communities Fund, General Operating Support
2022
$25K
PUBLIC, SOCIETAL BENEFIT
2022
$25K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$16K
PHILANTHROPY
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$7K
PUBLIC, SOCIETAL BENEFIT
2022
$635K
DONATION TO CUBS CHARITIES COMMUNITY FUND
2021
$516K
Program support
2021
$255K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2021
$50K
For grant recipient's exempt purposes
2021
$50K
For grant recipient's exempt purposes
2021
$50K
in support of the Governor's Challenge to Prevent Suicide among Service Members, Veterans, and their Families.
2021
$50K
in support of the Governor's Challenge to Prevent Suicide among Service Members Veterans and their Families
2021
$29K
PUBLIC, SOCIETAL BENEFIT
2021
$27K
For recipient's exempt purpose
2021
$26K
Communities Fund, general operating support
2021
$26K
Communities Fund, general operating support
2021
$4K
TO FURTHER GOALS OF THE CHARITABLE ORGANIZATION
2021
$1K
CHARITABLE PURPOSES
2021
$50
OPERATING EXPENSES
2021
$673K
Donation to Cubs Care Fund and Chicago Sports Alliance
2020
$587K
TO SUPPORT COMMUNITIES FUND
2020
$515K
DONATION TO FUND THE MCCORMICK FOUNDATION COMMUNITY FUND
2020
$463K
Program Support
2020
$275K
IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS
2020
$200K
FUNDING TO SUPPORT GUN VIOLENCE PREVENTION INITIATIVES IN CHICAGO
2020
$200K
Community Development
2020
$100K
PROGRAM SUPPORT
2020
$100K
in support of the Chicago COVID-19 Journalism Fund.
2020
$68K
For grant recipient's exempt purposes
2020
$50K
in support of teacher professional development activities in civics education throughout Illinois.
2020
$25K
ISBE STRATEGIC PLANNING PROCESS
2020
$25K
FILLING THE SUMMER 2020 TECHNOLOGY GAP INITIATIVE
2020
$23K
PUBLIC, SOCIETAL BENEFIT
2020
$20K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$20K
PUBLIC, SOCIETAL BENEFIT
2020
$15K
COMMUNITY SERVICES
2020
$10K
PROGRAM SUPPORT
2020
$5K
Creating Pathways for ALAANA Evaluators Planning Grant
2020
$5K
Pathways Initiative
2020
$5K
GENERAL OPERATING
2020
$5K
in support of general operations.
2020
$4K
TO FURTHER GOALS OF THE CHARITABLE ORGANIZATION
2020
$1K
THE ROBERT R. MCCORMICK FOUNDATION ENVISIONS A CHICAGOLAND COMPRISED OF THRIVING COMMUNITIES WHERE ALL INDIVIDUALS HAVE THE RESOURCES AND OPPORTUNITIES TO SUCCEED, WITHOUT REGARD TO RACE, INCOME, ETHNICITY, GENDER, OR ZIP CODE.
2020
$500
Community Support
2020
$500
Purpose of the Organization
2020
$150
General Operating Support
2020
$100
General & Unrestricted
2020
$50
GENERAL EXEMPT PURPOSE
2020
$35
OPERATING EXPENSES
2020
$769K
Donation to Cubs Care Fund and Chicago Sports Alliance
2019
$470K
Program Support
2019
$245K
TO SUPPORT THE COVID-19 JOURNALISM SUPPORT FUND, AND INCREASE LEARNING AND WORKFORCE OPPORTUNITIES FOR STUDENTS OF COLOR INTERESTED IN EVALUATION.
2019
$94K
For grant recipient's exempt purposes
2019
$33K
PUBLIC, SOCIETAL BENEFIT
2019
$25K
CHICAGO COVID-19 JOURNALISM FUND
2019
$491K
Donation to Cubs Care Fund
2018
$247K
Program Support
2018
$79K
For grant recipient's exempt purposes
2018
$50K
Veterans Support
2018
$46K
GENERAL OPERATING SUPPORT
2018
$34K
PUBLIC, SOCIETAL BENEFIT
2018
$100
OPERATING EXPENSES
2018
$225K
This grant funds the Chicago Bulls Community Assist Fund, a McCormick Foundation Fund. The Chicago Bulls Community Assist Fund, established in 2009, is supported with major funding by Chicago Bulls Charities, which is then matched 50% by the Robert R. McCormick Foundation. Contributing to the McCormick Foundation allows Chicago Bulls Charities to maximize its giving potential, allowing it to make a bigger impact on those in need. In 2017, the Chicago Bulls Community Assist Fund awarded grants to various organizations that offer youth education and youth health and wellness programing, including After School Matters, After-School All-Stars, Chicago Parks Foundation, Embarc, Inc. , La Rabida Children's Hospital and Research Center, Mercy Home, Posse Chicago, Ronald McDonald House Charities of Chicagoland and Northwest Indiana, Anne & Robert Lurie Children's Hospital, Breakthrough Ministries, Girls in the Game, Lawndale Community Health Center and Youth Guidance.
2017
$40K
GENERAL OPERATING SUPPORT
2017
$24K
HEALTH & HUMAN SERVICES
2017
$20K
TO HELP FULFILL MAKING CHANGE'S CORPORATE MISSION OF ALLEVIATING HUNGER.
2017
$15K
HEALTH & HUMAN SERVICES
2017
$13K
HEALTH & HUMAN SERVICES
2017

Funded by

$33.5M from 36 funders · 114 grants · 2017–2024

United Way Of Metropolitan Chicago Inc

$17.0M · 5 grants · 2017–2022

Chicago Cubs Charities

$5.1M · 7 grants · 2018–2024

Chicago White Sox Charities Inc

$2.7M · 7 grants · 2020–2024

Chicago Bulls Charities

$2.7M · 8 grants · 2017–2023

The Commercial Club Foundation

$2M · 1 grant · 2024

Jpmorgan Chase Foundation

$1.3M · 6 grants · 2020–2024

The Chicago Community Trust

$997K · 7 grants · 2017–2022

Fidelity Investments Charitable Gift Fund

$451K · 7 grants · 2018–2023

Details

EIN363689171
NTEE codeT99Z
Subsection03
Ruling date1990-03
Formed1989
Employees15
Volunteers0
ROBERT R MCCORMICK FOUNDATION — Mission, Financials & Grants Received | Grantivo