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The Karla Scherer Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1990. The principal officer is Karla Scherer. It holds total assets of $8.3M. Annual income is reported at $361K. Total assets have grown from $4.5M in 2011 to $7.4M in 2023. 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 2015 to 2023. Grantmaking is concentrated in Illinois. According to available records, The Karla Scherer Foundation has made 58 grants totaling $687K, with a median grant of $5K. Annual giving has grown from $166K in 2020 to $250K in 2023. Grantmaking activity was highest in 2022 with $272K distributed across 21 grants. Individual grants have ranged from N/A to $110K, with an average award of $12K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in Illinois, Connecticut, Ohio, which account for 74% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$5K
Average Grant
$12K
Largest Grant
$50K
Based on 14 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.
The Karla Scherer Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 58 grants. Its grantmaking reaches organizations primarily in IL, CT, OH.
The Karla Scherer Foundation has distributed a total of $687K across 58 grants. The median grant size is $5K, with an average of $12K. Individual grants have ranged from N/A to $110K.
The Karla Scherer Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Karla Scherer Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karla Scherer | CHRM-BD, CEO & TRUSTEE | $0 | $0 | N/A |
| Hadley Kimberlin | TREASURER | $0 | $0 | N/A |
| Amanda Mckenzie | SECRETARY | $0 | $0 | N/A |
Total Giving
$356K
Total Assets
$7.4M
Fair Market Value
$7.4M
Net Worth
$7.4M
Grants Paid
$250K
Contributions
N/A
Net Investment Income
$163K
Distribution Amount
$357K
Total: $7M
Total Grants
58
Total Giving
$687K
Average Grant
$12K
Median Grant
$5K
Unique Recipients
31
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL FUND | Alexandria, VA | $1K | 2023 |
| University Of Chicago Scherer CenterGENERAL FUND | Chicago, IL | $110K | 2023 |
| Newberry LibraryGENERAL FUND | Chicago, IL | $36K | 2023 |
| Healthnetwork FoundationGENERAL FUND | Chagrin Falls, OH | $20K | 2023 |
| Illinois Policy InstituteGENERAL FUND | Chicago, IL | $10K | 2023 |
| Lyric Opera Of ChicagoGENERAL FUND | Chicago, IL | $10K | 2023 |
| The Chicago Symphony OrchestraGENERAL FUND | Chicago, IL | $10K | 2023 |
| Planned Parenthood Federation Of AmericaGENERAL FUND | Chicago, IL | $10K | 2023 |
| Field MuseumGENERAL FUND | Chicago, IL | $10K | 2023 |
| Hyde Park & Kenwood Interfaith CouncilGENERAL FUND | Chicago, IL | $5K | 2023 |
| Providence St Mel SchoolGENERAL FUND | Chicago, IL | $5K | 2023 |
| Art Institute Of ChicagoGENERAL FUND | Chicago, IL | $5K | 2023 |
| Leader Dogs For The BlindGENERAL FUND | Rochester Hills, MI | $5K | 2023 |
| Chicago Shakespeare TheatreGENERAL FUND | Chicago, IL | $3K | 2023 |
| University Of ChicagoGENERAL FUND | Chicago, IL | $2K | 2023 |
| Third Coast Percussion NfpGENERAL FUND | Chicago, IL | $2K | 2023 |
| Thoroughbred Retirement FoundationGENERAL FUND | Saratoga Springs, NY | $1K | 2023 |
| Kbach Friends Of Public Radio ArizonaGENERAL FUND | Tempe, AZ | $1K | 2023 |
| WfmtGENERAL FUND | Chicago, IL | $1K | 2023 |
| Museum Of ChincoteagueGENERAL FUND | Chincoteague Island, VA | $1K | 2023 |
| Michigan Supreme Court Historical SocietyGENERAL FUND | Lansing, MI | $1K | 2023 |
| Representus Education FundGENERAL FUND | Florence, MA | $1K | 2023 |
| Lifeline TheatreGENERAL FUND | Chicago, IL | $150 | 2023 |
| Ocean Connect IncGENERAL FUND | Wilton, CT | $75K | 2022 |
| Court TheatreGENERAL FUND | Chicago, IL | $5K | 2022 |
| Friends Of Notre Dame De ParisGENERAL FUND | Etna, NH | $5K | 2022 |
| University Of Chicago Humanities CouncilGENERAL FUND | Chicago, IL | $50K | 2020 |
| National Portrait GalleryGENERAL FUND | Greenwich, CT | $25K | 2020 |
| Art Institute Of Chicago Dept Of American ArtGENERAL FUND | Chicago, IL | $5K | 2020 |