The Knowles Foundation FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)EIN 36-6051968

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2021 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.4M a year · 49% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$666K
-93% vs prior year
Spent
$1.6M
Net assets
$23.6M
By yearFY2020–FY2024
Revenue
$666K
FY2021▼ -93%
Revenue by fiscal year
FY2020$9.5M
FY2021$666K
FY2022$1.2M
FY2023$2.4M
FY2024$780K
FY2024$1.3M
Expenses
$1.6M
FY2021▲ +31%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$1.6M
FY2023$1.4M
FY2024$1.7M
FY2024$1.7M
Net assets
$23.6M
FY2021▼ -4%
Net assets by fiscal year
FY2020$24.5M
FY2021$23.6M
FY2022$23.3M
FY2023$24.3M
FY2024$23.4M
FY2024$22.9M

From the FY2021 Form 990 (year ending September 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1956.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 87% · $1.4M Operating & administrative 13% · $210K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See The Knowles Foundation executive salaries →

Programs and updates

A private foundation based in Chicago, IL.

Provided by the organization

This section is blank until The Knowles Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 25 grants · $1.4M · 2024–2024
Merit School of MusicFY2024$187,500
Lyric Opera of ChicagoFY2024$100,000
Gigi's Playhouse INCFY2024$100,000
Friends of the Chicago RiverFY2024$80,000
Ray Graham AssociationFY2024$78,500
Loyola University Medical CenterFY2024$75,000
Elmhurst Memorial HospitalFY2024$75,000
Chicago Architecture CenterFY2024$75,000
Adler PlanetariumFY2024$70,000
Merit School of MusicFY2024$68,000
Greater Chicago Food DepositoryFY2024$60,000
The Field MuseumFY2024$50,000
Shedd Aquarium SocietyFY2024$50,000
Museum of Science and IndustryFY2024$50,000
Hinsdale Junior Womans ClubFY2024$50,000
Ray Graham AssociationFY2024$50,000
Alliance for the Great LakesFY2024$40,000
Merit School of MusicFY2024$32,000
See all 25 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$57K
Median grantPart XV$50K
Largest grantPart XV$188K

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$666K
Investment income$652K
Other income$14K
Money out
$1.6M
Grants paid$1.4M
Running costs$210K
Owns and owes
$23.6M
net assets
Cash and savings$353K
Total assets$23.6M
Liabilities$0
2In more detail
Revenue in detail
Investment income$652K
Other income$14K
Total revenue$666K
Assets in detailEnd of year
Cash and savings together$353K
Total assets$23.6M
Liabilities$0
Net assets$23.6M
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $780K$1.7M−$928K$23.4M 990 PDF
FY2023 $2.4M$1.4M$969K$24.3M 990 PDF
FY2022 $1.2M$1.6M−$333K$23.3M 990 PDF
FY2021 Viewing $666K$1.6M−$899K$23.6M 990 PDF
FY2020 $9.5M$1.2M$8.3M$24.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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