CHICAGO, IL
The Poetry Foundation
Quick Facts
- EIN
- 362490808
- Location
- CHICAGO, IL
- Category
- Arts & Culture
- Total Assets
- $313.2M
- Annual Income
- $101.3M
- IRS Ruling Year
- 1946
- Organization Type
- Corporation
- Principal Officer
- % Caren Skoulas
- Tax Deductibility
- Contributions are deductible
About This Foundation
The Poetry Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1946. The principal officer is % Caren Skoulas. It holds total assets of $313.2M. Annual income is reported at $101.3M. The foundation operates in the area of arts & culture. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$18.6M
2023-4%
Total Assets
$300.4M
2023+3%
Fair Market Value
$299.3M
2023
Net Worth
$299.3M
2023
Grants Paid
$3.4M
2023
Contributions
$54K
2023
Net Investment Income
$6.2M
2023
Distribution Amount
$13.4M
2023
Total Giving by Year
$8.8M
11$9.1M
12$9M
13$8.8M
14$9.6M
15$12M
19$11.8M
20$13.5M
21$19.3M
22$18.6M
23Asset Growth
$197.1M
11$210.1M
12$238.8M
13$244.5M
14$237.8M
15$294.2M
19$318.7M
20$341M
21$292.5M
22$300.4M
23Investment Portfolio (2023)
Total: $171.7M
Corporate Stock: $127.6M
Corporate Bonds: $44M
Other Investments: $103.3M
Cash: $771K
Corporate Stock (46%)
Corporate Bonds (16%)
Other Investments (37%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$3.4M
Pension & Benefits$1.4M
Printing & Publications$1.1M
Officer Compensation$776K
Depreciation$695K
Travel & Conferences$612K
Accounting Fees$78K
Legal Fees$71K
Occupancy$37K
Revenue Sources (2023)
- Dividends
- $8.1M
- Other Income
- $730K
- Contributions
- $54K
- Capital Gains (Net)
- $-1,275,807
Financial Details (2023)
- Total Revenue
- $7.6M
- Total Expenses
- $18.6M
- Exempt Purpose Expenses
- $15.9M
- Required Distribution
- $13.4M
- Undistributed Income
- $0
- Total Liabilities
- $1.2M
- Excise Tax
- $87K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$2.2M
Average Grant
$45K
Median Grant
$40K
Grant Range
Min$30K
Max$110K
Median: $40K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
MN: $115K (3)
WI
WI: $95K (1)
MI
MI: $50K (1)
NY
NY: $465K (9)
MA
MA: $70K (2)
CT
CT: $45K (1)
RI
OR
NV
WY
SD
IA
IL
IL: $578K (14)
IN
OH
PA
PA: $75K (2)
NJ
NJ: $80K (2)
CA
CA: $108K (3)
UT
CO
CO: $45K (1)
NE
NE: $150K (2)
MO
KY
WV
VA
MD
MD: $75K (2)
DE
DC
DC: $40K (1)
AZ
NM
NM: $50K (1)
KS
AR
TN
NC
NC: $80K (2)
SC
OK
OK: $40K (1)
LA
MS
AL
GA
FL
HI
TX
TX: $70K (2)
IL$578K (14)
NY$465K (9)
NE$150K (2)
MN$115K (3)
CA$108K (3)
WI$95K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Nebraska FoundationSPECIAL PROJECTS AND OPPORTUNITIES FOR AFRICAN POETRY BOOK FUND AT THE UNIVERSITY OF NEBRASKA | Lincoln, NE | $110K | 2023 |
| Kimiko HahnRUTH LILLY POETRY PRIZE | Mattituck, NY | $100K | 2023 |
| Woodland Pattern IncPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION AND EQUITY IN VERSE FOR IN-NA-PO, INDIGENOUS NATIONS POETS | Milwaukee, WI | $95K | 2023 |
| United States Artists IncSPECIAL PROJECTS AND OPPORTUNITIES | Chicago, IL | $65K | 2023 |
| Cave Canem Foundation IncEQUITY IN VERSE | Brooklyn, NY | $65K | 2023 |
| Academy Of American Poets IncPOETRY PROGRAMS, PARTNERSHIPS, INNOVATION AND SPONSORSHIP | New York, NY | $60K | 2023 |
| Recitation Grants - Detail Upon ReqRECITATION PRIZES | Chicago, IL | $52K | 2023 |
| Board Of Trustees Of Illinois State University (Obsidian Literature & ArtsEQUITY IN VERSE | Normal, IL | $50K | 2023 |
| Radical ReversalEQUITY IN VERSE | Bloomfield, NJ | $50K | 2023 |
| Seventh Generation Fund For Indigenous Peoples IncPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION FOR DINTAH DRAMA FESTIVAL | Santa Fe, NM | $50K | 2023 |
| Insideout Literary Arts Project (Insideout Literary Arts)EQUITY IN VERSE | Detroit, MI | $50K | 2023 |
| The Beautiful Project IncPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Durham, NC | $50K | 2023 |
| Young Chicago AuthorsEQUITY IN VERSE | Chicago, IL | $45K | 2023 |
| Lambda Literary FoundationEQUITY IN VERSE | New York, NY | $45K | 2023 |
| Word A Storytelling Sanctuary IncEQUITY IN VERSE | Denver, CO | $45K | 2023 |
| Urban Word Nyc IncEQUITY IN VERSE | New York, NY | $45K | 2023 |
| Freedom ReadsPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Hamden, CT | $45K | 2023 |
| The Poetry Project LtdPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | New York, NY | $45K | 2023 |
| Kuumba LynxEQUITY IN VERSE AND SPECIAL PROJECTS AND OPPORTUNITIES | Chicago, IL | $45K | 2023 |
| The Care CenterPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Holyoke, MA | $40K | 2023 |
| Floating Museum NfpPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Chicago, IL | $40K | 2023 |
| Milkweed Editions IncPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Minneapolis, MN | $40K | 2023 |
| Philadelphia ContemporaryPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Philadelphia, PA | $40K | 2023 |
| Nebraska Writers CollectivePOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Omaha, NE | $40K | 2023 |
| Diasporic Vietnamese Artists NetworkEQUITY IN VERSE | San Francisco, CA | $40K | 2023 |
| Split This Rock IncEQUITY IN VERSE | Washington, DC | $40K | 2023 |
| Torch Literary ArtsEQUITY IN VERSE | Austin, TX | $40K | 2023 |
| Steppenwolf Theater CoSPECIAL PROJECTS AND OPPORTUNITIES / SPONSORSHIP | Chicago, IL | $40K | 2023 |
| Poetic Justice IncorporatedPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Tulsa, OK | $40K | 2023 |
| Pen America CenterPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | New York, NY | $40K | 2023 |
| Poetry Center Of Chicago (Chicago Poetry Center)POETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Chicago, IL | $40K | 2023 |
| Contextos NfpEQUITY IN VERSE | Chicago, IL | $40K | 2023 |
| Citylit Project IncEQUITY IN VERSE | Baltimore, MD | $40K | 2023 |
| Minnesota Prison Writing WorkshopPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Minneapolis, MN | $40K | 2023 |
| Guild Complex (Guild Literary Complex)EQUITY IN VERSE AND SPECIAL PROJECTS AND OPPORTUNITIES / SPONSORSHIP | Chicago, IL | $36K | 2023 |
| Fusion Partnerships IncEQUITY IN VERSE FOR DEWMORE BALTIMORE | Baltimore, MD | $35K | 2023 |
| Center For Book Arts Incorporated 1974POETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | New York, NY | $35K | 2023 |
| Kearny Street Workshop IncEQUITY IN VERSE | San Francisco, CA | $35K | 2023 |
| Love Now Media IncEQUITY IN VERSE | Philadelphia, PA | $35K | 2023 |
| 826chi Inc NfpEQUITY IN VERSE AND SPECIAL PROJECTS | Chicago, IL | $35K | 2023 |
| MiznaEQUITY IN VERSE | Saint Paul, MN | $35K | 2023 |
| Beyond Baroque FoundationPOETRY PROGRAMS, PARTNERSHIPS, INNOVATION AND SPONSORSHIP | Venice, CA | $33K | 2023 |
| Ecotheo CollectivePOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Houston, TX | $30K | 2023 |
| Massachusetts Poetry OutreachPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Boston, MA | $30K | 2023 |
| Community Of Literary Magazines And PressesPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | New York, NY | $30K | 2023 |
| Resilience Partners NfpEQUITY IN VERSE FOR STOMPING GROUNDS LITERARY ARTS INITIATIVE | Chicago, IL | $30K | 2023 |
| Breathe InkEQUITY IN VERSE | Charlotte, NC | $30K | 2023 |
| National Poetry Series IncPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Princeton, NJ | $30K | 2023 |
| City Of Chicago - Department Of Cultural Affairs And Special EventsSPECIAL PROJECTS AND OPPORTUNITIES | Chicago, IL | $30K | 2023 |
| Near South Planning BoardPOETRY PROGRAMS, PARTNERSHIPS, AND INNOVATION | Chicago, IL | $30K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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