Coleman Foundation Inc

The Coleman Foundation Inc, with the Employer Identification Number (EIN) 36-3025967, is a private, independent grantmaker based in the United States. It primarily focuses its grantmaking activities in the Midwest region, particularly in the greater Chicago area.

Mission and Vision

The Coleman Foundation invests in community-based organizations and local institutions to enhance the physical health and economic and emotional well-being of individuals living in the greater Chicago region. The Foundation's mission is to create more compassionate, equitable, and inclusive resources and opportunities that improve people's lives through thoughtful and sustainable solutions.

Values

• Respect for Community: The Foundation trusts and builds relationships with grantee partners and community experts, ensuring that their knowledge and experiences guide its work.
• Empathy: It is committed to understanding the experiences and perspectives of the people and communities it serves.
• Responsiveness: The Foundation fosters a culture of learning, adaptability, and innovation to capitalize on opportunities for positive impact.
• Responsible Stewardship: It manages resources in a steady, transparent, and responsible manner.

Financial Overview

In recent years, the Coleman Foundation's financial activities have included significant investments in charitable disbursements. As of the fiscal year ending in December 2022, the Foundation reported total assets of approximately $160.87 million and total liabilities of about $1.48 million. In the same period, charitable disbursements accounted for 92.3% of total expenses, totaling $11.4 million.

Tax Status

The Coleman Foundation is designated as a 501(c)(3) organization, making donations to it tax-deductible. The Foundation does not rely on contributions but generates revenue from investments such as dividends and sales of assets.

Governance and Leadership

Key employees include the President, Chief Financial Officer, and various program officers, who oversee the Foundation's operations and grant-making activities. However, specific details about the Board of Directors are not readily available.

Purpose and Impact

As a private foundation, the Coleman Foundation plays a crucial role in supporting local initiatives that aim to improve the quality of life for individuals in the Chicago area. Its focus on community-based organizations and innovative approaches to addressing health and economic challenges helps foster more equitable and inclusive communities.