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Filing year 2023

ROBERT R MCCORMICK FOUNDATION

Chicago, Illinois·EIN 36-3689171·NTEE T99Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$97.6M
Total assets
$1.6B
Total expenses
$78.2M
Reported officers
16
Mission

THE ROBERT R. MCCORMICK FOUNDATION INVESTS IN ORGANIZATIONS WORKING TO BUILD THRIVING COMMUNITIES IN CHICAGOLAND WHERE ALL INDIVIDUALS HAVE THE RESOURCES AND OPPORTUNITIES TO SUCCEED, WITHOUT REGARD TO INCOME, RACE, ETHNICITY, GENDER, OR ZIP CODE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President & Chief Executive Officer
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$588k
$652k
Base
$526k
Bonus
Other
$19k
Benefits
$6k
CIO & Treasurer
Chief Information Officer
75th to 90th percentile
$444k
$492k
Base
$389k
Bonus
Other
$12k
Benefits
$6k
Director, Special Initiatives
Highest Compensated Employee
75th to 90th percentile
$217k
$241k
Base
$172k
Bonus
Other
$15k
Benefits
$13k
Director, Education Portfolio
Highest Compensated Employee
75th to 90th percentile
$215k
$238k
Base
$185k
Bonus
Other
$8k
Benefits
$4k
Director, Little Village Portfolio
Highest Compensated Employee
75th to 90th percentile
$208k
$230k
Base
$185k
Bonus
Other
Benefits
$4k
Director,community Capital Portfolio
Highest Compensated Employee
75th to 90th percentile
$204k
$226k
Base
$184k
Bonus
Other
Benefits
$2k
CIO (thru 06/2023)
Chief Information Officer
Median to 75th percentile
$204k
$226k
Base
$164k
Bonus
Other
$12k
Benefits
$6k
Vp-strategy, Planning & Ops./sec.
Officer (Unspecified)
$189k
$210k
Base
$141k
Bonus
Other
$14k
Benefits
$5k
Senior Director of Human Resources
Key Employee
Median to 75th percentile
$189k
$209k
Base
$143k
Bonus
Other
$13k
Benefits
$4k
CFO (thru 11/2023)
75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$149k
$165k
Base
$70k
Bonus
Other
$44k
Benefits
$2k
Chairman of the Board
Board Chair
Median to 75th percentile
$28k
$30k
Director
Board Member
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$28k
$30k
Director
Board Member
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$28k
$30k
Director
Board Member
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$28k
$30k
Director
Board Member
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$28k
$30k
Director
Board Member
Median to 75th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Illinois
$28k
$30k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at ROBERT R MCCORMICK FOUNDATION equaled 0.8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
0.8%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

1
ROBERT R MCCORMICK FOUNDATION2023
$588k
2
NAMES FAMILY FOUNDATION2024
$228k
See full Executive Director compensation rankings across Philanthropy, Voluntarism & Grantmaking
FAQ

Common questions about ROBERT R MCCORMICK FOUNDATION

What does the Chief Executive Officer of ROBERT R MCCORMICK FOUNDATION earn?

In 2023, the Chief Executive Officer of ROBERT R MCCORMICK FOUNDATION received $588,435 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ROBERT R MCCORMICK FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2023 pay of the Chief Executive Officer at ROBERT R MCCORMICK FOUNDATION falls in the top 10%. In 2023, the highest total compensation at ROBERT R MCCORMICK FOUNDATION equaled 0.8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are ROBERT R MCCORMICK FOUNDATION's revenue and expenses?

In 2023, ROBERT R MCCORMICK FOUNDATION reported $97.6M in total revenue and $78.2M in total expenses on its IRS Form 990.

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