Robert R Mccormick Foundation
97% goes to programs $0 to raise $100 Strong reserves
Robert R Mccormick Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 1990, with $105,305,792 in FY2024 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
205 N Michigan Avenue, Chicago, IL, 60601 EIN 36-3689171 Since 1990
Revenue (FY2024)
$105.3M
▲ 7.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$114.6M
Net assets
$1.7B
Employees
15
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% 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 Robert R Mccormick Foundation: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating179 mo reserves · -9% 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 Robert R Mccormick Foundation: 179 mo reserves · -9% 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 Robert R Mccormick Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Robert R Mccormick Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Provides grants and program support to organizations building thriving communities.
What they do
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.
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.
Contact & location
- Address
- 205 N Michigan Avenue, Chicago, IL, 60601
- City
- Chicago
- State
- Illinois
- Subcategory
- Philanthropy Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $43.5M (FY2020) to $105.3M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $47.2MNet assets $1.7B
Operating margin
-8.9%
Spent more than it raised in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$47.2M
Net assets
$1.7B
Salaries & benefits
$4.1M
4% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $105,305,792▲7.9% | $114,636,034▲46.6% | $1,705,693,863▲6.8% | $1,752,906,507▲7.0% | 990 |
| 2023 | $97,553,776▲50.4% | $78,215,597▼24.0% | $1,597,466,250▲13.7% | $1,638,068,225▲11.6% | 990 |
| 2022 | $64,881,149▼39.3% | $102,934,841▲65.9% | $1,404,653,151▼15.6% | $1,467,739,432▼13.7% | 990 |
| 2021 | $106,935,451▲146% | $62,059,717▼32.2% | $1,664,712,180▲12.4% | $1,700,505,100▲11.7% | 990 |
| 2020 | $43,489,096 | $91,509,150 | $1,480,764,443 | $1,522,880,168 | 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)
Highest-paid: Timothy Knight — $566,311 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy Knight | President & Chief Executive Officer | 28 | $566,311 |
| Carla Beal | Cio & Treasurer | 32 | $462,758 |
| Bryan Stokes | Director, Education Portfolio | 40 | $199,112 |
| Jose Rodriguez | Director,community Capital Portfolio | 40 | $192,893 |
| Anna Laubach | Director, Special Initiatives | 40 | $191,986 |
| Katya Nuques | Director, Little Village Portfolio | 40 | $190,061 |
| Mirlene Dossous | Director, Englewood Portfolio | 40 | $185,933 |
| Andres Torres | Vp-strategy, Planning & Ops./sec. | 24 | $183,199 |
| Oscar Regalado | Vp-human Resources | 24 | $168,951 |
| Celena Roldan | Director | 2 | $27,500 |
| Dennis Fitzsimons | Chairman of the Board | 2 | $27,500 |
| Lee Henderson | Director | 2 | $27,500 |
| Mary K Lawler | Director (as of 06/24) | 2 | $27,500 |
| Ruthellyn Musil | Director | 2 | $27,500 |
| Scott Smith | Director | 2 | $27,500 |
| William Mcclean | Director | 2 | $27,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Monticello Associates Inc | Investment Consulting Services | $480,000 |
| The Northern Trust Company | Custodian Fees | $240,080 |
| Grant Thornton Advisors LLC | Ns Implementation, Audit and Tax Service | $189,212 |
Grants received · $25.6M total
78 grants to Robert R Mccormick Foundation totaling $25.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Philanthropy | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $64,520 |
| American Endowment Foundation | Philanthropy | 2023 | $30,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $28,000 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $19,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $14,900 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $10,000 |
| United Way of Metropolitan Chicago Inc | Program support | 2022 | $5,498,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $45,519 |
| The Chicago Community Trust | Communities fund, general operating support | 2022 | $26,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $24,950 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $24,500 |
| American Endowment Foundation | Philanthropy | 2022 | $16,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $10,000 |
Grants made · $106.1M in FY2024
255 grants totaling $106.1M in FY2024 — showing the 15 largest. All grants made by Robert R Mccormick Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Cantigny Foundation | General operating support | $33,451,760 |
| United Way-mccormick Partnership For Strong Neighborhoods Inc | United way neighborhood network initiative and catalytic investments | $8,246,000 |
| National-louis University | Accelerate u, the mccormick institute for early childhood, the undergraduate college at national louis university and matching gifts | $5,398,000 |
| Enlace Chicago | 21st century schools emergency support, expanded programming for new arrival youth and families in little village, general operating support, new life/enlace violence prevention and intervention collaborative and the little village youth safety network, and restore and expand after school programs in chicago | $4,715,000 |
| Metropolitan Family Services | Capital support for mpowerment house, metropolitan peace initiatives, communities partnering 4 peace (cp4p), youth intervention with highest risk, midway domestic violence services for youth and families, restore and expand after school programs in chicago, general operating support and matching gifts | $3,572,000 |
| Institute For Latino Progress | Capital support for building improvements to increase capacity for nursing programs, carreras en salud (health careers), and program support for expansion of the nursing college | $3,325,000 |
| Teamwork Englewood | Community engagement manager for the community safety coordinating center in englewood and general operating support | $2,720,000 |
| Big Shoulders Fund | Civic education pilot, college access and success program, productive play in pre-k and k expansion, matching gifts and sponsorship | $2,024,208 |
| Xchange Chicago Inc | Capital support for the xchange innovation hub | $2,000,000 |
| Northwestern Memorial Healthcare | Challenge grant for marianjoy rehabilitation hospital | $1,500,000 |
| University of Chicago Medical Center | South side healthy communities organization | $1,500,000 |
| Lewis University | Capital support for renovations to support the little village workforce development initiative and programmatic support of little village workforce development initiative | $1,235,000 |
| Better Government Association Inc | General operating support, illinois solutions partnership and sponsorship | $1,173,000 |
| National Museum of Mexican Art | Arte for all: expanding access to youth programming in little village through the yollocalli fire station center, yollocalli arts reach and sponsorship | $1,155,000 |
| Childrens Home & Aid Society of Illinois | Freidheim center capital project and thriving fathers and families | $1,050,000 |
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Frequently asked questions
- Is Robert R Mccormick Foundation a legitimate nonprofit?
- Yes. Robert R Mccormick Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3689171, based in Chicago, Illinois. Donations are tax-deductible.
- What is Robert R Mccormick Foundation's EIN?
- Robert R Mccormick Foundation's Employer Identification Number (EIN) is 36-3689171.
- How much revenue does Robert R Mccormick Foundation report?
- Robert R Mccormick Foundation reported $105,305,792 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Robert R Mccormick Foundation's spending goes to programs?
- Robert R Mccormick Foundation spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Robert R Mccormick Foundation have?
- CharityIndex grades Robert R Mccormick Foundation A, based on program efficiency and fundraising cost.
- How much does Robert R Mccormick Foundation's highest-paid employee make?
- The highest reported compensation on Robert R Mccormick Foundation's latest Form 990 is $566,311, paid to Timothy Knight (President & Chief Executive Officer).
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Data for Robert R Mccormick Foundation (EIN 36-3689171) 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.