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Foundations Of East Chicago Inc. is a private corporation based in EAST CHICAGO, IN. The foundation received its IRS ruling in 2009. The principal officer is % Rosa Pena. It holds total assets of $40.5M. Annual income is reported at $12.7M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Foundations Of East Chicago Inc. has made 6 grants totaling $11.6M, with a median grant of $1.9M. Annual giving has decreased from $5.4M in 2020 to $1M in 2023. Individual grants have ranged from $1M to $2.7M, with an average award of $1.9M. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Foundations Of East Chicago Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in IN.
Foundations Of East Chicago Inc. has distributed a total of $11.6M across 6 grants. The median grant size is $1.9M, with an average of $1.9M. Individual grants have ranged from $1M to $2.7M.
The application deadline is DEADLINES VARY. QUALIFIED APPLICANT MUST BE CLASSIFIED AS A LEGITIMATE 501(C)3 EXEMPT ORGANIZATION.
Foundations Of East Chicago Inc. is headquartered in EAST CHICAGO, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George Weems | PRESIDENT | $34K | $0 | $34K |
| Joseph Verduzco | TREASURER | $17K | $0 | $17K |
| Thomas Johnson | SECRETARY | $17K | $0 | $17K |
| Nadyne Kokot | VICE PRESIDENT | $17K | $0 | $17K |
| Maria Vargas | MEMBER | $6K | $0 | $6K |
Total Giving
$2.8M
Total Assets
$36.3M
Fair Market Value
$36.3M
Net Worth
$35.6M
Grants Paid
$1.6M
Contributions
$3.1M
Net Investment Income
$847K
Distribution Amount
$172K
Total: $32.9M
Total Grants
6
Total Giving
$11.6M
Average Grant
$1.9M
Median Grant
$1.9M
Unique Recipients
1
Most Common Grant
$1.4M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachedSEE ATTACHED | East Chicago, IN | $1M | 2023 |
| Richard Peterson |
| MEMBER |
| $5K |
| $0 |
| $5K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
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