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Also known as: PHILIP & GERALYN K LU
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Potters Clay Foundation is a private trust based in WINNETKA, IL. The foundation received its IRS ruling in 1993. It holds total assets of $1.8M. Annual income is reported at $523K. The foundation is governed by 2 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Illinois and Iowa. According to available records, Potters Clay Foundation has made 32 grants totaling $648K, with a median grant of $25K. The foundation has distributed between $155K and $310K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $310K distributed across 16 grants. Individual grants have ranged from $3K to $50K, with an average award of $22K. The foundation has supported 10 unique organizations. Grants have been distributed to organizations in Illinois and Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$25K
Average Grant
$23K
Largest Grant
$50K
Based on 8 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.
Potters Clay Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 32 grants. Its grantmaking reaches organizations primarily in IL, IA.
Potters Clay Foundation has distributed a total of $648K across 32 grants. The median grant size is $25K, with an average of $22K. Individual grants have ranged from $3K to $50K.
Potters Clay Foundation typically selects its grantees rather than accepting unsolicited proposals.
Potters Clay Foundation is headquartered in WINNETKA, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Geralyn K Lu | TRUSTEE | $0 | $0 | N/A |
| Philip Y Lu | TRUSTEE | $0 | $0 | N/A |
Total Giving
$156K
Total Assets
$1.6M
Fair Market Value
$2.4M
Net Worth
$1.6M
Grants Paid
$155K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
$123K
Total: $1.4M
Total Grants
32
Total Giving
$648K
Average Grant
$22K
Median Grant
$25K
Unique Recipients
10
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Night MinistryHOUSING/HEALTH CARE | Chicago, IL | $30K | 2023 |
| Connections For The HomelessHEALTH CARE &EDUCATIONAL SVCS | Evanston, IL | $30K | 2023 |
| Howard Brown Health CenterHEALTH CARE & SOCIALSRV FOR YOUNG | Chicago, IL | $25K | 2023 |
| Planned ParenthoodHEALTH CARE &EDUCATIONAL SEVCS | Chicago, IL | $25K | 2023 |
| Greater Chic FoodFOOD DISTRIBUTIONPROGRAM | Chicago, IL | $25K | 2023 |
| Opening DoorsEMERGENCYTRANSITIONAL HOUSING | Dubuque, IA | $10K | 2023 |
| Chicago Community Bond FundPROGRAM TO FUND BONDPAYMENTS | Chicago, IL | $10K | 2023 |
| Mcgaw YmcaAFTER SCHOOL &SUMMER SCHOOL PROG | Evanston, IL | — | 2023 |
| Greater Chicago Food DepositoryFOOD DISTRIBUTION PROGRAM | Chicago, IL | $25K | 2020 |
| Planned Parenthood Of IllinoisHEALTH CARE AND EDUCATIONAL SVCS | Chicago, IL | $25K | 2020 |