//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Morrison-Shearer Foundation is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1992. The principal officer is Alida Szabo. It holds total assets of $4.8M. Annual income is reported at $569K. Total assets have decreased from $5.7M in 2011 to $4.5M in 2023. The foundation is governed by 11 officers and trustees. Operation of museum and studio. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Illinois. According to available records, Morrison-Shearer Foundation has made 8 grants totaling $555K, with a median grant of $13K. Annual giving has grown from $44K in 2022 to $511K in 2023. Individual grants have ranged from $1K to $475K, with an average award of $69K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$800
Median Grant
$9K
Average Grant
$8K
Largest Grant
$15K
Based on 3 grants from the most recent 990-PF filing.
Operation of museum and studio
Expenses: $1.2M
Operation of museum and studio. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in IL.
Morrison-Shearer Foundation has distributed a total of $555K across 8 grants. The median grant size is $13K, with an average of $69K. Individual grants have ranged from $1K to $475K.
Morrison-Shearer Foundation typically selects its grantees rather than accepting unsolicited proposals.
Morrison-Shearer Foundation is headquartered in CHICAGO, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Scott Lundius | EXECUTIVE DIRECTOR | $59K | $0 | $59K |
| Sarah Rigdon | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Alida Szabo | PRESIDENT | $0 | $0 | N/A |
| Brian M Schaeffer | TREASURER - PART TIME | $0 | $0 | N/A |
| Tain Balfour | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Liz Kidera | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Toby Nicholson | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Susan Bodine Bolea | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Mary Sue Wheeler | SECRETARY - PART TIME | $0 | $0 | N/A |
| Christopher Rutt | TRUSTEE - PART TIME | $0 | $0 | N/A |
| Shayne Bullen | VICE PRESIDENT- PART TIME | $0 | $0 | N/A |
Total Giving
$695K
Total Assets
$4.5M
Fair Market Value
$4.5M
Net Worth
$4.5M
Grants Paid
$511K
Contributions
$2K
Net Investment Income
$121K
Distribution Amount
N/A
Total: $4.4M
Total Grants
8
Total Giving
$555K
Average Grant
$69K
Median Grant
$13K
Unique Recipients
5
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Newberry LibraryGENERAL PURPOSES | Chicago, IL | $475K | 2023 |
| Chicago Film ArchivesGENERAL PURPOSES | Chicago, IL | $15K | 2023 |
| Chicago Dance History ProjectGENERAL PURPOSES | Chicago, IL | $10K | 2023 |
| The Ragdale FoundationGENERAL PURPOSES | Lake Forest, IL | $10K | 2023 |
| Links SoireeGENERAL PURPOSES | Chicago, IL | $1K | 2023 |