INDIANA SOCIETY OF CHICAGO FOUNDATION INC
Celebrating being a Hoosier, native or adoptive, and encouraging camaraderie of such loyal and kindred spirits.
Indiana Society of Chicago Foundation Inc.
Overview
The Indiana Society of Chicago Foundation Inc. is a public charity based in Chicago, Illinois, with a mission to support educational endeavors by providing scholarships to students.
History
Established in 1998, the foundation is part of the broader Indiana Society of Chicago, an organization that connects individuals from Indiana with a shared interest in their home state, while residing in the Chicago area. The society has a rich history of community engagement and cultural activities.
Activities and Programs
The foundation focuses primarily on scholarship programs. It annually awards scholarships ranging from $3,500 to $5,000 to students from the greater Chicago area attending colleges and universities. This initiative aims to support individuals in pursuing higher education and fostering a connection between Indiana and its residents in the Chicago region.
Financial Overview
According to recent financial data, the foundation has reported revenues varying between $106,000 and $200,000 over the years, with expenses ranging from $115,000 to $200,000. The total assets of the foundation have been listed between $79,500 and $200,000, with no significant liabilities reported.
Grants and Contributions
In 2023, the foundation provided $500 in grants, reflecting its commitment to supporting educational initiatives, albeit on a smaller scale compared to its overall budget and operational scope.
Ruling Year and Principal Officer
The ruling year for the Indiana Society of Chicago Foundation Inc. is 1998, indicating the year it was officially recognized as a tax-exempt organization. The role of the principal officer is crucial in guiding the strategic direction and programmatic focus of the foundation.
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Scholarships, Student Financial Aid, Awards Category
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