Robert R McCormick Foundation
205 N Michigan Avenue, Chicago, IL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $105,305,792 | $114,636,034 | $1,705,693,863 |
| FY2023 | $97,553,776 | $78,215,597 | $1,597,466,250 |
| FY2022 | $64,881,149 | $102,934,841 | $1,404,653,151 |
| FY2021 | $106,935,451 | $62,059,717 | $1,664,712,180 |
| FY2020 | $43,489,096 | $91,509,150 | $1,480,764,443 |
| FY2019 | $64,528,141 | $73,616,401 | $1,390,278,253 |
| FY2018 | $72,410,544 | $62,687,148 | $1,220,214,813 |
| FY2017 | $67,316,111 | $104,962,080 | $1,360,729,922 |
| FY2016 | $58,862,050 | $84,974,438 | $1,232,558,599 |
| FY2015 | $69,942,028 | $72,148,999 | $1,216,185,818 |
| FY2014 | $106,361,160 | $75,283,545 | $1,281,671,891 |
| FY2013 | $121,675,991 | $84,105,501 | $1,287,510,751 |
| FY2012 | $67,443,458 | $62,990,671 | $1,166,527,618 |
| FY2011 | $36,160,702 | $83,172,827 | $1,060,186,391 |
Form 990 filings
The returns filed by Robert R McCormick Foundation (EIN 36-3689171), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $17,033,576 | 16% |
| Program service revenue | $0 | 0% |
| Other revenue | $88,272,216 | 84% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $110,995,988 | 97% |
| Management & general | $3,556,129 | 3% |
| Fundraising | $83,917 | <1% |
What the numbers show
- Other revenue made up 84% of total revenue in FY2024.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2024. That is higher than 83.8% of 37 Philanthropy, Voluntarism & Grantmaking Foundations organizations in IL.
- Net assets covered about 178.6 months of expenses at the end of the reporting year. That puts it in the 73rd percentile among 2703 Philanthropy, Voluntarism & Grantmaking Foundations organizations in IL.
- Total revenue was higher than 99.7% of 2754 Philanthropy, Voluntarism & Grantmaking Foundations organizations in IL.
- Total revenue rose from $36,160,702 in FY2011 to $105,305,792 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2011, FY2015, FY2016, FY2017, FY2019, FY2020, FY2022, FY2024).
- The highest revenue on record here is $121,675,991 in FY2013.
- Net assets grew from $1,060,186,391 to $1,705,693,863 between FY2011 and FY2024.
- Contributions and grants made up 49% of revenue in FY2011 and 16% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDES GRANTS AND PROGRAM SUPPORT TO ORGANIZATIONS BUILDING THRIVING COMMUNITIES.
IRS status
| Ruling year | 1990 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T99Z — Philanthropy, Voluntarism & Grantmaking Foundations (in IL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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