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Filing year 2023

The Knowles Foundation

Chicago, Illinois·EIN 36-6051968·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$780k
Total assets
$23.4M
Total expenses
$1.7M
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2023. The Knowles Foundation reported 3 unpaid officers and board members on its 990-PF.

Dir/treas/sec
Director
Director/president

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.5M

Itemized grants

24

Median grant

$50k

RecipientLocationPurposeAmount
MERIT SCHOOL OF MUSICCHICAGO, ILCAPITAL CAMPAIGN$188k
RAY GRAHAM ASSOCIATIONLisle, ILHANSON CENTER$100k
GIGI'S PLAYHOUSE INCHOFFMAN ESTATES, ILGENERAL FUND$100k
LYRIC OPERA OF CHICAGOCHICAGO, ILSTUDENT AND FAMILY PERFORMANCES FUND$100k
CHICAGO ARCHITECTURE CENTERCHICAGO, ILGENERAL FUND$75k
ELMHURST MEMORIAL HOSPITALELMHURST, ILBREAST HEALTH PROGRAM$75k
FRIENDS OF THE CHICAGO RIVERCHICAGO, ILGENERAL FUND$75k
LOYOLA UNIVERSITY MEDICAL CENTERMAYHOOD, ILNURSING FUND$75k
ADLER PLANETARIUMCHICAGO, ILSCHOOL EXPERIENCES PROGRAM$70k
MERIT SCHOOL OF MUSICCHICAGO, ILGENERAL FUND$68k
RAY GRAHAM ASSOCIATIONLisle, ILABLE CAMPAIGN$50k
GREATER CHICAGO FOOD DEPOSITORYHOFFMAN ESTATES, ILGENERAL FUND$50k
HINSDALE JUNIOR WOMANS CLUBHINSDALE, ILGENERAL FUND$50k
MUSEUM OF SCIENCE AND INDUSTRYCHICAGO, ILGENERAL FUND$50k
SHEDD AQUARIUM SOCIETYCHICAGO, ILGENERAL FUND$50k
SHIRLEY RYAN ABILITY LABCHICAGO, ILGENERAL FUND$50k
THE FIELD MUSEUMCHICAGO, ILGENERAL FUND$50k
FOUNDATION FOR HEARING AND SPEECH RESEARCHCHICAGO, ILMUSIC TO MY EARS PROGRAM$32k
MERIT SCHOOL OF MUSICCHICAGO, ILMUSIC TO MY EARS PROGRAM$32k
ALLIANCE FOR THE GREAT LAKESCHICAGO, ILGENERAL FUND$30k
LINCOLN PARK ZOOCHICAGO, ILGENERAL FUND$30k
FOUNDATION FOR HEARING AND SPEECH RESEARCHCHICAGO, ILGENERAL FUND$28k
FOUNDATION FOR HEARING AND SPEECH RESEARCHCHICAGO, ILMUSIC THERAPY PROGRAM$15k
NORTHWESTERN UNIVERSITYEVANSTON, ILGENERAL FUND$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

The Knowles Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$1.4M
2022
$780k
$1.7M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Illinois

The Knowles 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 Knowles Foundation

What are The Knowles Foundation's revenue and expenses?

In 2023, The Knowles Foundation reported $780k in total revenue and $1.7M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.