Mather Foundation
70% goes to programs $0 to raise $100 Strong reserves
Mather Foundation is a 501(c)(3) organization based in Evanston, Illinois, registered in 2004, with $66,562,780 in FY2024 revenue. CharityIndex grades it B+, and it directs about 70% of spending to programs.
1560 Sherman Ave Ste 1010, Evanston, IL, 60201 EIN 20-1030638 Since 2004
Revenue (FY2024)
$66.6M
▲ 50.8% vs prior year
Health median: $840K
Expenses (FY2024)
$23.4M
Net assets
$697.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating70% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mather Foundation: 70% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating358 mo reserves · +65% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mather Foundation: 358 mo reserves · +65% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mather Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mather Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mather foundation serves as the parent entity for mather organizations (continued on schedule o) to hold, invest and preserve funds, and apply them for the charitablemission of creating ways to age well.
Contact & location
- Address
- 1560 Sherman Ave Ste 1010, Evanston, IL, 60201
- City
- Evanston
- State
- Illinois
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $40.4M (FY2013) to $66.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $110.5MNet assets $697.1M
Operating margin
64.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$807.6M
Total liabilities
$110.5M
Net assets
$697.1M
Salaries & benefits
$0
0% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $66,562,780▲50.8% | $23,384,787▼3.7% | $697,103,781▲10.9% | $807,575,812▲10.1% | 990 |
| 2023 | $44,153,743▼3.4% | $24,274,710▼3.6% | $628,407,855▲11.1% | $733,657,489▲9.9% | 990 |
| 2022 | $45,714,129▼23.6% | $25,172,288▼61.1% | $565,509,448▼11.4% | $667,352,452▼9.9% | 990 |
| 2021 | $59,866,357▲102% | $64,731,163▲141% | $638,421,615▲8.6% | $740,767,702▲25.4% | 990 |
| 2020 | $29,645,522▼39.2% | $26,914,395▼7.4% | $588,054,303▲7.3% | $590,942,551▲7.3% | 990 |
| 2019 | $48,757,996▲78.1% | $29,075,095▲30.5% | $548,110,694▲9.6% | $550,650,423▲9.6% | 990 |
| 2018 | $27,377,521▼39.1% | $22,286,129▼24.8% | $500,205,527▼4.4% | $502,227,292▼4.1% | 990 |
| 2017 | $44,952,969▲37.6% | $29,652,782▲34.7% | $523,370,024▲8.9% | $523,448,738▲8.9% | 990 |
| 2016 | $32,680,543▲21.6% | $22,006,420▲39.9% | $480,401,057▲4.1% | $480,478,865▲4.1% | 990 |
| 2015 | $26,883,203▼49.8% | $15,732,604▲15.9% | $461,554,139▼2.6% | $461,725,443▼2.6% | 990 |
| 2014 | $53,558,640▲32.7% | $13,570,132▼18.4% | $474,102,125▲8.5% | $474,292,702▲7.8% | 990 |
| 2013 | $40,354,253 | $16,620,877▼5.2% | $436,827,506▲10.4% | $440,004,395▲3.7% | 990 |
| 2012 | — | $17,534,054▲10.0% | $395,795,946▲8.5% | $424,294,704▲6.9% | 990 |
| 2011 | — | $15,944,874▲2.5% | $364,668,934▼2.6% | $396,884,032▼2.7% | 990 |
| 2010 | — | $15,558,775 | $374,348,480 | $407,858,849 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carol L Sussenbach | Former Cfo | 0 | — |
| Christopher Manella | Svp Finance & Treasurer | 2 | — |
| Gloria Castillo | Director | 2 | — |
| Graham W Atkinson | Director - Thru 03/2024 | 2 | — |
| Jack Chandler | Director | 2 | — |
| Jenny Chan | Director | 2 | — |
| John R Phillips | Chairman | 4 | — |
| Julie Riggs | Secretary | 5 | — |
| Mary G Leary | President & Ceo | 10 | — |
| Mary Schoeggl | Cfo | 15 | — |
| Michael G Mcgee | Director | 2 | — |
| Michelle L Collins | Director | 2 | — |
| Paulette R Dodson | Director | 2 | — |
| Scott C Smith | Director | 2 | — |
| Sumati Murli | Director | 2 | — |
| Terence J Toth | Director | 2 | — |
| Timothy L Burke | Director | 2 | — |
| Todd Burns | Director - As of 08/2024 | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Silchester | Fund Manager | $338,362 |
| Mercer Investment Management | Investment Consultant | $306,425 |
| Aristotle Capital Management LLC | Fund Manager | $206,387 |
| Northern Trust | Investment Management | $203,628 |
| William Bliar & Company | Fund Manager | $147,355 |
Grants received · $26.1M total
3 grants to Mather Foundation totaling $26.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mather Investments Nfp | Mission driven support | 2024 | $15,301,079 |
| Mather Investments Nfp | Mission driven programs | 2023 | $5,133,104 |
| Mather Investments Nfp | Mission driven programs | 2022 | $5,691,397 |
Grants made · $16.4M in FY2024
1 grant totaling $16.4M in FY2024. All grants made by Mather Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Mather | Mission driven programs | $16,432,284 |
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Compare Mather Foundation
Frequently asked questions
- Is Mather Foundation a legitimate nonprofit?
- Yes. Mather Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1030638, based in Evanston, Illinois. Donations are tax-deductible.
- What is Mather Foundation's EIN?
- Mather Foundation's Employer Identification Number (EIN) is 20-1030638.
- How much revenue does Mather Foundation report?
- Mather Foundation reported $66,562,780 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mather Foundation's spending goes to programs?
- Mather Foundation spends about 70% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mather Foundation have?
- CharityIndex grades Mather Foundation B+, based on program efficiency and fundraising cost.
- How much does Mather Foundation's highest-paid employee make?
- The highest reported compensation on Mather Foundation's latest Form 990 is $0, paid to Carol L Sussenbach (Former Cfo).
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Data for Mather Foundation (EIN 20-1030638) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.