The Richard H Driehaus Foundation in Chicago, Illinois (IL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
| The Richard H Driehaus Foundation | |
| Employer Identification Number (EIN) | 363261347 |
| Name of Organization | The Richard H Driehaus Foundation |
| Address | 25 E Erie St, Chicago, IL 60611-2735 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 05/1985 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $50,000,000 to greater |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $78,833,375 |
| Amount of Income | $49,757,330 |
| Form 990 Revenue Amount | $1,170,337 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $49,757,330 (it was $73,783,227 in 2012)
| The Richard H Driehaus Foundation: | $49,757,330 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $78,833,375 (it was $68,459,646 in 2012)
| The Richard H Driehaus Foundation: | $78,833,375 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2012: $5,463,923
| This organization: | $5,463,923 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2012: 9.1
| The Richard H Driehaus Foundation: | 9.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 79.8%
| This organization: | 79.8% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $12,545,660 | $3,044,694 | $0 | |
| Contributions, gifts, grants, etc., received | $10,007,879 | |||
| Interest on savings and temporary cash investments | $2,811 | |||
| Dividends and interest from securities | $466,851 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $850,279 | |||
| Other | $1,217,840 | |||
| Total expenses and disbursements | $5,463,923 | $264,101 | $0 | $4,806,223 |
| Compensation of officers, directors, trustees, etc. | $207,170 | |||
| Total operating and administrative expenses | $1,219,220 | $264,101 | $839,694 | |
| Contributions, gifts, grants paid | $4,244,703 | |||
| Excess of revenue over expenses and disbursements | $7,081,737 | |||
| Net investment income | $2,780,593 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $68,459,646 | $68,459,646 |
| Cash - non-interest-bearing | $4,073,189 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $13,981,736 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $40,051,545 | |
| Other | $10,353,176 | |
| Total liabilities | $2,306,722 | |
| Mortgages and other notes payable | $0 | |
| Other | $2,306,722 | |
| Total liabilities and net assets/fund balances | $66,152,924 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,217,840 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $27,806 |
| Total credits and payments | $42,650 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $32,650 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $14,844 |
| Amount to be credited to 2013 estimated tax | $14,844 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | Yes |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | Yes |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $55,565,172 |
| Net value of noncharitable-use assets | $54,731,700 |
| Minimum investment return | $2,736,585 |
| Distributable Amount (for 2012) | |
| Distributable amount | $2,708,992 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $2,708,992 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-14,258 | $0 | $-14,258 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-14,258 | $0 | $-14,258 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-14,258 |
| Unrelated business taxable income before net operating loss deduction | $-14,258 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-14,258 |
| Specific deduction | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Star Family Foundation | 222 N Lasalle St 2000, Chicago, IL 60601 | IL | 2013-02 | $50,049,570 |
| 2 | The Brinson Foundation | 737 N Michigan Ave Ste 1850, Chicago, IL 60611-6707 | IL | 2007-10 | $44,904,690 |
| 3 | Abbvie Foundation | 1 N Waukegan Rd Bldg Ap34-2, North Chicago, IL 60064-1802 | IL | 2013-11 | $41,664,160 |
| 4 | Manaaki Foundation | 807 Forest Ave, River Forest, IL 60305-1361 | IL | 2012-01 | $20,084,922 |
| 5 | Bacca Foundation | 10 S Dearborn St, Chicago, IL 60603-2300 | IL | 2013-05 | $18,608,916 |
| 6 | Tellabs Foundation | 1415 W Diehl Rd Msc 10, Naperville, IL 60563-1139 | IL | 1997-11 | $17,141,393 |
| 7 | State Farm Companies Foundation | PO BOX 2321, Bloomington, IL 61702-2321 | IL | 1968-06 | $17,034,318 |
| 8 | William Butterworth Memorial Trust | 506 15th St, Moline, IL 61265-2149 | IL | 1954-05 | $15,537,327 |
| 9 | John C Kulis Charitable Foundation | 216 S Jefferson St Ste 301, Chicago, IL 60661-5743 | IL | 2014-07 | $13,783,826 |
| 10 | Kraft Foods Group Foundation | 3 Lakes Dr, Northfield, IL 60093-2753 | IL | 2012-09 | $12,003,509 |
| 11 | Youth Improved Incorporated | 10255 West Higgins Road, Rosemont, IL 60018-5638 | IL | 2010-05 | $11,535,686 |
| 12 | Robert And Jean Reid Family Foundation | 111 W Monroe St Flr 10e, Chicago, IL 60603-4096 | IL | 2014-06 | $10,237,037 |
| 13 | Smoke Rise Foundation Inc | C/O Friedman Huey Associates, Homewood, IL 60430 | IL | 2009-09 | $9,705,104 |
| 14 | Donnini-Rudolph Family Foundation | 1402 Waterford Pl, Champaign, IL 61821-6973 | IL | 2013-02 | $8,972,028 |
| 15 | The Keywell Foundation | 600 W Chicago Ave Ste 775, Chicago, IL 60654-2526 | IL | 2011-03 | $8,381,469 |
| 16 | Weberg Tr | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2005-01 | $8,368,393 |
| 17 | 1111 Foundation | 1 Medline Pl, Mundelein, IL 60060-4485 | IL | 2013-07 | $8,095,176 |
| 18 | Wohlers Family Foundation | PO BOX 803878, Chicago, IL 60680-3878 | IL | 2007-09 | $7,711,099 |
| 19 | Visiting Nurse Association Of Chicago | 20 N Wacker Dr Ste 3118, Chicago, IL 60606-3101 | IL | 1934-02 | $7,540,122 |
| 20 | Sidley Austin Foundation | 1 S Dearborn St Ste 2300, Chicago, IL 60603-2306 | IL | 2006-03 | $7,202,287 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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