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Knowles Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1956. The principal officer is Michael Powers. It holds total assets of $23.4M. Annual income is reported at $8.3M. Total assets have grown from $4.8M in 2010 to $24.3M in 2022. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Illinois. According to available records, Knowles Foundation has made 97 grants totaling $4.8M, with a median grant of $45K. The foundation has distributed between $1.1M and $2.6M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $2.6M distributed across 50 grants. Individual grants have ranged from $8K to $100K, with an average award of $49K. The foundation has supported 28 unique organizations. Grants have been distributed to organizations in Illinois and Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$35K
Average Grant
$42K
Largest Grant
$100K
Based on 25 grants from the most recent 990-PF filing.
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.
Knowles Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 97 grants. Its grantmaking reaches organizations primarily in IL, MN.
Knowles Foundation has distributed a total of $4.8M across 97 grants. The median grant size is $45K, with an average of $49K. Individual grants have ranged from $8K to $100K.
Knowles Foundation typically selects its grantees rather than accepting unsolicited proposals.
Knowles Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David J Hill | DIRECTOR/PRESIDENT | $0 | $0 | N/A |
| Ronald Lawler | DIRECTOR | $0 | $0 | N/A |
| Michael J Powers | DIR/TREAS/SEC | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$24.3M
Fair Market Value
$23.8M
Net Worth
$24.3M
Grants Paid
$1.1M
Contributions
$1.9M
Net Investment Income
$342K
Distribution Amount
$1.2M
Total: $22.9M
Total Grants
97
Total Giving
$4.8M
Average Grant
$49K
Median Grant
$45K
Unique Recipients
28
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Gigi'S Playhouse IncGENERAL FUND | Hoffman Estates, IL | $100K | 2023 |
| Lyric Opera Of ChicagoSTUDENT AND FAMILY PERFORMANCES FUND | Chicago, IL | $100K | 2023 |
| Friends Of The Chicago RiverGENERAL FUND | Chicago, IL | $75K | 2023 |
| Elmhurst Memorial HospitalBREAST HEALTH PROGRAM | Elmhurst, IL | $75K | 2023 |
| Chicago Architecture CenterGENERAL FUND | Chicago, IL | $75K | 2023 |
| Loyola University Medical CenterNURSING FUND | Mayhood, IL | $75K | 2023 |
| Adler PlanetariumSCHOOL EXPERIENCES PROGRAM | Chicago, IL | $70K | 2023 |
| Merit School Of MusicGENERAL FUND | Chicago, IL | $68K | 2023 |
| Shedd Aquarium SocietyGENERAL FUND | Chicago, IL | $50K | 2023 |
| Hinsdale Junior Womans ClubGENERAL FUND | Hinsdale, IL | $50K | 2023 |
| Museum Of Science And IndustryGENERAL FUND | Chicago, IL | $50K | 2023 |
| Shirley Ryan Ability LabGENERAL FUND | Chicago, IL | $50K | 2023 |
| The Field MuseumGENERAL FUND | Chicago, IL | $50K | 2023 |
| Greater Chicago Food DepositoryGENERAL FUND | Hoffman Estates, IL | $40K | 2023 |
| Foundation For Hearing And Speech ResourcesMUSIC TO MY EARS PROGRAM | Chicago, IL | $33K | 2023 |
| Alliance For The Great LakesGENERAL FUND | Chicago, IL | $30K | 2023 |
| Lincoln Park ZooGENERAL FUND | Chicago, IL | $30K | 2023 |
| The Mayo FoundationMAYO CLINIC SIMULATION CENTER | Rochester, MN | $25K | 2023 |
| Northwestern UniversityGENERAL FUND | Evanston, IL | $10K | 2023 |
| Ray Graham AssociationHanson Center | Lisle, IL | $100K | 2022 |
| Shirley Ryan AbilitylabGeneral Fund | Chicago, IL | $75K | 2022 |