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Chern Family Foundation is a private corporation based in NORTHBROOK, IL. The foundation received its IRS ruling in 2022. It holds total assets of $805K. Annual income is reported at $16K. Total assets have grown from $20K in 2021 to $1.1M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Chern Family Foundation has made 28 grants totaling $1.4M, with a median grant of $23K. Annual giving has decreased from $570K in 2021 to $343K in 2023. Individual grants have ranged from $2K to $250K, with an average award of $50K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Illinois, District of Columbia, New Jersey, which account for 79% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Chern Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in IL, DC, NJ.
Chern Family Foundation has distributed a total of $1.4M across 28 grants. The median grant size is $23K, with an average of $50K. Individual grants have ranged from $2K to $250K.
Chern Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Chern Family Foundation is headquartered in NORTHBROOK, IL. While based in IL, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Laura Chern | SECRETARY/TREASURER | $0 | $0 | N/A |
| Eric Chern | PRESIDENT | $0 | $0 | N/A |
| Allen Shulman | DIRECTOR | $0 | $0 | N/A |
Total Giving
$347K
Total Assets
$1.1M
Fair Market Value
$1.1M
Net Worth
$1.1M
Grants Paid
$343K
Contributions
$518K
Net Investment Income
$15K
Distribution Amount
$40K
Total: $789K
Total Grants
28
Total Giving
$1.4M
Average Grant
$50K
Median Grant
$23K
Unique Recipients
18
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| A Better ChicagoDONATION TOWARDS EXEMPT PURPOSE | Chicago, IL | $116K | 2023 |
| American Israel Education FoundationDONATION TOWARDS EXEMPT PURPOSE | Washington, DC | $101K | 2023 |
| American Red Magen DavidDONATION TOWARDS EXEMPT PURPOSE | New York, NY | $25K | 2023 |
| Camp Out For KidsDONATION TOWARDS EXEMPT PURPOSE | Chicago, IL | $25K | 2023 |
| Autism SpeaksDONATION TOWARDS EXEMPT PURPOSE | Princeton, NJ | $22K | 2023 |
| Mercaz AcademyDONATION TOWARDS EXEMPT PURPOSE | Plainview, NY | $10K | 2023 |
| Epilepsy Foundation Of Greater ChicagoDONATION TOWARDS EXEMPT PURPOSE | Chicago, IL | $10K | 2023 |
| Camp Thunderbird Charitable FoundationDONATION TOWARDS EXEMPT PURPOSE | Minneapolis, MN | $10K | 2023 |
| Illinois Holocaust Memorial MuseumDONATION TOWARDS EXEMPT PURPOSE | Skokie, IL | $10K | 2023 |
| Jewish United FundDONATION TOWARDS EXEMPT PURPOSE | Chicago, IL | $10K | 2023 |
| AspiretechDONATION TOWARDS EXEMPT PURPOSE | Evanston, IL | $5K | 2023 |
| Temple JeremiahDONATION TOWARDS EXEMPT PURPOSE | Northfield, IL | $100K | 2022 |
| FincaDONATION TOWARDS EXEMPT PURPOSE | Washington, DC | $50K | 2022 |
| Just The BeginningDONATION TOWARDS EXEMPT PURPOSE | Chicago, IL | $10K | 2022 |
| Foundation To Be Named LaterDONATION TOWARDS EXEMPT PURPOSE | Boston, MA | $3K | 2022 |
| Jennifer Lynn Snyder Teen Heart FoundationDONATION TOWARDS EXEMPT PURPOSE | Northbrook, IL | $3K | 2022 |
| Arthritis Foundation IncDONATION TOWARDS EXEMPT PURPOSE | Atlanta, GA | $2K | 2022 |
| AspiritechDONATION TOWARDS EXEMPT PURPOSE | Evanston, IL | $10K | 2021 |