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Filing year 2024

THE KARLA SCHERER FOUNDATION

Chicago, Illinois·EIN 38-2877392·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$314k
Total assets
$8.3M
Total expenses
$376k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. THE KARLA SCHERER FOUNDATION reported 3 unpaid officers and board members on its 990-PF.

Treasurer
Secretary
Chrm-bd, CEO & Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$282k

Itemized grants

19

Median grant

$5k

RecipientLocationPurposeAmount
HEALTHNETWORK FOUNDATIONCHAGRIN FALLS, OHGENERAL FUND$100k
PROJECT FREEDIVECHICAGO, ILGENERAL FUND$50k
NEWBERRY LIBRARYCHICAGO, ILGENERAL FUND$25k
UNIVERSITY OF CHICAGO SCHERER CENTERCHICAGO, ILGENERAL FUND$25k
ILLINOIS POLICY INSTITUTECHICAGO, ILGENERAL FUND$12k
FIELD MUSEUMCHICAGO, ILGENERAL FUND$10k
HELLENIC MUSEUM OF MICHIGANDETROIT, MIGENERAL FUND$10k
LYRIC OPERA OF CHICAGOCHICAGO, ILGENERAL FUND$10k
THE CHICAGO SYMPHONY ORCHESTRACHICAGO, ILGENERAL FUND$10k
ART INSTITUTE OF CHICAGOCHICAGO, ILGENERAL FUND$5k
FRIENDS OF MUSIC CHRIST CHURCHALEXANDRIA, VAGENERAL FUND$5k
LEADER DOGS FOR THE BLINDROCHESTER HILLS, MIGENERAL FUND$5k
PLANNED PARENTHOOD FEDERATION OF AMERICACHICAGO, ILGENERAL FUND$5k
PROVIDENCE ST MEL SCHOOLCHICAGO, ILGENERAL FUND$5k
KBACH FRIENDS OF PUBLIC RADIO ARIZONATEMPE, AZGENERAL FUND$2k
SALVATION ARMYALEXANDRIA, VAGENERAL FUND$1k
THE RIVER SCHOOLWASHINGTON, DCGENERAL FUND$1k
WFMTCHICAGO, ILGENERAL FUND$1k
MICHIGAN SUPREME COURT HISTORICAL SOCIETYLANSING, MIGENERAL FUND$203
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE KARLA SCHERER FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$171k
$356k
2023
$314k
$376k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Illinois

THE KARLA SCHERER FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Illinois earns a median of $20,738.

25th percentile
$7k
Median
$20,738
75th percentile
$60k
90th percentile
$148k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,342 organizations across 2,342 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Illinois
FAQ

Common questions about THE KARLA SCHERER FOUNDATION

What are THE KARLA SCHERER FOUNDATION's revenue and expenses?

In 2024, THE KARLA SCHERER FOUNDATION reported $314k in total revenue and $376k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.